DFNG.L vs. VJPB.L
DFNG.L (VanEck Defense ETF A USD Acc GBP) and VJPB.L (Vanguard FTSE Japan UCITS ETF Accumulating) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while VJPB.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 3 years, DFNG.L returned 35.83%/yr vs 17.51%/yr for VJPB.L. At a 0.29 correlation, their price movements are largely independent. DFNG.L charges 0.55%/yr vs 0.15%/yr for VJPB.L.
Performance
DFNG.L vs. VJPB.L - Performance Comparison
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Returns By Period
In the year-to-date period, DFNG.L achieves a -4.45% return, which is significantly lower than VJPB.L's 18.40% return.
DFNG.L
- 1D
- 0.00%
- 1M
- -10.01%
- YTD
- -4.45%
- 6M
- -5.37%
- 1Y
- 7.62%
- 3Y*
- 35.83%
- 5Y*
- —
- 10Y*
- —
VJPB.L
- 1D
- 0.39%
- 1M
- 2.51%
- YTD
- 18.40%
- 6M
- 18.60%
- 1Y
- 38.85%
- 3Y*
- 17.51%
- 5Y*
- 10.32%
- 10Y*
- —
DFNG.L vs. VJPB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNG.L VanEck Defense ETF A USD Acc GBP | -4.45% | 56.54% | 46.20% | -1.18% |
VJPB.L Vanguard FTSE Japan UCITS ETF Accumulating | 18.40% | 17.99% | 8.51% | 9.56% |
Correlation
The correlation between DFNG.L and VJPB.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.29 |
The correlation between DFNG.L and VJPB.L shifts across timeframes, from 0.16 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFNG.L vs. VJPB.L — Risk / Return Rank
DFNG.L
VJPB.L
DFNG.L vs. VJPB.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 Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.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.
| DFNG.L | VJPB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.39 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.63 | -3.28 |
| Martin ratioReturn relative to average drawdown | 0.87 | 11.63 | -10.76 |
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Drawdowns
DFNG.L vs. VJPB.L - Drawdown Comparison
The maximum DFNG.L drawdown since its inception was -22.59%, smaller than the maximum VJPB.L drawdown of -38.31%. Use the drawdown chart below to compare losses from any high point for DFNG.L and VJPB.L.
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Drawdown Indicators
| DFNG.L | VJPB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -38.31% | +15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -10.66% | -11.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.94% | -19.86% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.86% | — |
Current DrawdownCurrent decline from peak | -21.94% | -2.81% | -19.13% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -12.04% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 3.33% | +5.40% |
Volatility
DFNG.L vs. VJPB.L - Volatility Comparison
VanEck Defense ETF A USD Acc GBP (DFNG.L) has a higher volatility of 8.58% compared to Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.L) at 5.92%. This indicates that DFNG.L's price experiences larger fluctuations and is considered to be riskier than VJPB.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 | VJPB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 5.92% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 15.24% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.95% | 18.40% | +6.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.46% | 20.85% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 21.75% | +1.71% |
DFNG.L vs. VJPB.L - Expense Ratio Comparison
DFNG.L has a 0.55% expense ratio, which is higher than VJPB.L's 0.15% expense ratio.
Dividends
DFNG.L vs. VJPB.L - Dividend Comparison
Neither DFNG.L nor VJPB.L has paid dividends to shareholders.
Frequently Asked Questions
DFNG.L and VJPB.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VJPB.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPB.L is cheaper with a 0.15% expense ratio, compared with 0.55% for DFNG.L.
DFNG.L is categorized as Aerospace & Defense, while VJPB.L is Japan Equities. DFNG.L tracks MarketVector Global Defense Industry index, while VJPB.L tracks TOPIX TR JPY. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for DFNG.L and 0.15% for VJPB.L.
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