DFND.AS vs. DFEU.L

Last updated Jun 5, 2026

DFND.AS (iShares Global Aerospace & Defence UCITS ETF) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR, while DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index. Both are passively managed. Both charge a 0.35% expense ratio.

Performance

DFND.AS vs. DFEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Aerospace & Defence UCITS ETF (DFND.AS) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DFND.AS is traded in USD, while DFEU.L is traded in GBP. To make them comparable, the DFEU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

DFND.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFEU.L

• 1D: 0.00%
• 1M: 7.85%
• YTD: 3.27%
• 6M: 4.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFND.AS vs. DFEU.L - Yearly Performance Comparison

	2026 (YTD)	2025
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating	3.27%	-15.28%

Return for Risk

DFND.AS vs. DFEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Aerospace & Defence UCITS ETF (DFND.AS) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	DFND.AS	DFEU.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.70%	—
Current Drawdown Current decline from peak	—	-14.50%	—
Average Drawdown Average peak-to-trough decline	—	-11.50%	—

Volatility

Volatility by Period

	DFND.AS	DFEU.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	39.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	39.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.73%	—

DFND.AS vs. DFEU.L - Expense Ratio Comparison

Both DFND.AS and DFEU.L have an expense ratio of 0.35%.

Dividends

DFND.AS vs. DFEU.L - Dividend Comparison

Neither DFND.AS nor DFEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DFND.AS or DFEU.L?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND.AS or DFEU.L?

DFND.AS and DFEU.L have the same expense ratio: 0.35% per year.

What is the main difference between DFND.AS and DFEU.L?

DFND.AS is categorized as Industrials Equities, while DFEU.L is Aerospace & Defense. DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR, while DFEU.L tracks STOXX Europe Targeted Defence Index.