DFNC.DE vs. EUDF.DE
DFNC.DE (iShares Europe Defence UCITS ETF EUR Acc) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both Aerospace & Defense funds - DFNC.DE tracks the STOXX Europe Targeted Defence Index while EUDF.DE tracks the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, DFNC.DE returned -2.92% vs -3.37% for EUDF.DE. With a 0.98 correlation, they move nearly in lockstep. DFNC.DE charges 0.35%/yr vs 0.40%/yr for EUDF.DE.
Performance
DFNC.DE vs. EUDF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DFNC.DE achieves a 3.52% return, which is significantly higher than EUDF.DE's 2.51% return.
DFNC.DE
- 1D
- 0.58%
- 1M
- -4.97%
- YTD
- 3.52%
- 6M
- 7.52%
- 1Y
- -2.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUDF.DE
- 1D
- 1.22%
- 1M
- -3.90%
- YTD
- 2.51%
- 6M
- 5.21%
- 1Y
- -3.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNC.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNC.DE iShares Europe Defence UCITS ETF EUR Acc | 3.52% | -5.19% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 2.51% | -5.44% |
Correlation
The correlation between DFNC.DE and EUDF.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.98 |
The correlation between DFNC.DE and EUDF.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
DFNC.DE vs. EUDF.DE — Risk / Return Rank
DFNC.DE
EUDF.DE
DFNC.DE vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DFNC.DE | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.17 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.31 | -0.39 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFNC.DE | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | -0.12 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.55 | -0.62 |
Drawdowns
DFNC.DE vs. EUDF.DE - Drawdown Comparison
The maximum DFNC.DE drawdown since its inception was -20.23%, roughly equal to the maximum EUDF.DE drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for DFNC.DE and EUDF.DE.
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Drawdown Indicators
| DFNC.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -19.51% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -20.23% | -19.51% | -0.72% |
Current DrawdownCurrent decline from peak | -14.59% | -14.05% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -6.55% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.85% | 8.29% | +0.56% |
Volatility
DFNC.DE vs. EUDF.DE - Volatility Comparison
iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) have volatilities of 10.02% and 9.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNC.DE | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.02% | 9.95% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 23.33% | 22.54% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.27% | 29.15% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 30.89% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.11% | 30.89% | -0.78% |
DFNC.DE vs. EUDF.DE - Expense Ratio Comparison
DFNC.DE has a 0.35% expense ratio, which is lower than EUDF.DE's 0.40% expense ratio.
Dividends
DFNC.DE vs. EUDF.DE - Dividend Comparison
Neither DFNC.DE nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, DFNC.DE and EUDF.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DFNC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFNC.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for EUDF.DE.
DFNC.DE tracks STOXX Europe Targeted Defence Index, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.35% for DFNC.DE and 0.40% for EUDF.DE.
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