DFNG.L vs. IS15.L
DFNG.L (VanEck Defense ETF A USD Acc GBP) and IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR. Both are passively managed. Over the past 3 years, DFNG.L returned 39.39%/yr vs 6.15%/yr for IS15.L. At a 0.09 correlation, their price movements are largely independent. DFNG.L charges 0.55%/yr vs 0.20%/yr for IS15.L.
Performance
DFNG.L vs. IS15.L - Performance Comparison
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Returns By Period
In the year-to-date period, DFNG.L achieves a 3.11% return, which is significantly higher than IS15.L's 0.78% return.
DFNG.L
- 1D
- -1.51%
- 1M
- -3.80%
- YTD
- 3.11%
- 6M
- 7.91%
- 1Y
- 16.52%
- 3Y*
- 39.39%
- 5Y*
- —
- 10Y*
- —
IS15.L
- 1D
- 0.20%
- 1M
- 0.86%
- YTD
- 0.78%
- 6M
- 1.25%
- 1Y
- 4.78%
- 3Y*
- 6.15%
- 5Y*
- 2.37%
- 10Y*
- 2.29%
DFNG.L vs. IS15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNG.L VanEck Defense ETF A USD Acc GBP | 3.11% | 56.54% | 46.20% | 22.89% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 0.78% | 6.24% | 4.89% | 5.48% |
Correlation
The correlation between DFNG.L and IS15.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.09 |
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Return for Risk
DFNG.L vs. IS15.L — Risk / Return Rank
DFNG.L
IS15.L
DFNG.L vs. IS15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense ETF A USD Acc GBP (DFNG.L) and iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.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.
| DFNG.L | IS15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.45 | -1.56 |
| Martin ratioReturn relative to average drawdown | 2.23 | 9.45 | -7.22 |
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
| DFNG.L | IS15.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.85 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.97 | 0.88 | +1.09 |
Drawdowns
DFNG.L vs. IS15.L - Drawdown Comparison
The maximum DFNG.L drawdown since its inception was -18.38%, which is greater than IS15.L's maximum drawdown of -12.18%. Use the drawdown chart below to compare losses from any high point for DFNG.L and IS15.L.
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Drawdown Indicators
| DFNG.L | IS15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -12.18% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -1.94% | -16.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | -1.94% | -16.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.18% | — |
Current DrawdownCurrent decline from peak | -15.77% | -0.12% | -15.65% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -1.12% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 0.50% | +6.90% |
Volatility
DFNG.L vs. IS15.L - Volatility Comparison
VanEck Defense ETF A USD Acc GBP (DFNG.L) has a higher volatility of 7.86% compared to iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) at 1.00%. This indicates that DFNG.L's price experiences larger fluctuations and is considered to be riskier than IS15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNG.L | IS15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 1.00% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 2.32% | +16.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 2.57% | +21.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 3.30% | +17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 3.13% | +17.27% |
DFNG.L vs. IS15.L - Expense Ratio Comparison
DFNG.L has a 0.55% expense ratio, which is higher than IS15.L's 0.20% expense ratio.
Dividends
DFNG.L vs. IS15.L - Dividend Comparison
DFNG.L has not paid dividends to shareholders, while IS15.L's dividend yield for the trailing twelve months is around 4.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFNG.L VanEck Defense ETF A USD Acc GBP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS15.L iShares GBP Corporate Bond 0-5yr UCITS ETF | 4.53% | 4.35% | 4.06% | 3.05% | 1.80% | 1.72% | 1.81% | 2.03% | 2.08% | 2.15% | 2.55% | 2.91% |
Frequently Asked Questions
DFNG.L and IS15.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS15.L is cheaper with a 0.20% expense ratio, compared with 0.55% for DFNG.L.
DFNG.L is categorized as Aerospace & Defense, while IS15.L is European Corporate Bonds. DFNG.L tracks MarketVector Global Defense Industry index, while IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for DFNG.L and 0.20% for IS15.L.
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