DFND.AS vs. XUSE.AS

Last updated Jun 5, 2026

DFND.AS (iShares Global Aerospace & Defence UCITS ETF) and XUSE.AS (iShares MSCI World ex-USA UCITS ETF) 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 XUSE.AS is a Global Equities fund tracking the MSCI World ex USA Index. Both are passively managed. DFND.AS charges 0.35%/yr vs 0.25%/yr for XUSE.AS.

Performance

DFND.AS vs. XUSE.AS - 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 MSCI World ex-USA UCITS ETF (XUSE.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFND.AS

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

XUSE.AS

• 1D: 0.27%
• 1M: 2.67%
• YTD: 8.38%
• 6M: 11.28%
• 1Y: 22.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DFND.AS vs. XUSE.AS - Yearly Performance Comparison

	2026 (YTD)	2025
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%
XUSE.AS iShares MSCI World ex-USA UCITS ETF	8.38%	25.69%

Return for Risk

DFND.AS vs. XUSE.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XUSE.AS

XUSE.AS Risk / Return Rank: 45
XUSE.AS Sharpe Ratio Rank: 44
XUSE.AS Sortino Ratio Rank: 47
XUSE.AS Omega Ratio Rank: 45
XUSE.AS Calmar Ratio Rank: 43
XUSE.AS Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFND.AS vs. XUSE.AS - 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 MSCI World ex-USA UCITS ETF (XUSE.AS). 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.

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

Sharpe Ratios by Period

	DFND.AS	XUSE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.56	—

Drawdowns

Drawdown Indicators

	DFND.AS	XUSE.AS	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.54%	—
Current Drawdown Current decline from peak	—	-1.23%	—
Average Drawdown Average peak-to-trough decline	—	-1.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.90%	—

Volatility

Volatility by Period

	DFND.AS	XUSE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.45%	—

DFND.AS vs. XUSE.AS - Expense Ratio Comparison

DFND.AS has a 0.35% expense ratio, which is higher than XUSE.AS's 0.25% expense ratio.

Dividends

DFND.AS vs. XUSE.AS - Dividend Comparison

Neither DFND.AS nor XUSE.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, DFND.AS or XUSE.AS?

On fees, XUSE.AS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFND.AS or XUSE.AS?

XUSE.AS is cheaper with a 0.25% expense ratio, compared with 0.35% for DFND.AS.

What is the main difference between DFND.AS and XUSE.AS?

DFND.AS is categorized as Industrials Equities, while XUSE.AS is Global Equities. DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR, while XUSE.AS tracks MSCI World ex USA Index. Their fees differ too: 0.35% for DFND.AS and 0.25% for XUSE.AS.