DFNG.L vs. VWRP.L
DFNG.L (VanEck Defense ETF A USD Acc GBP) and VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while VWRP.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, DFNG.L returned 37.60%/yr vs 17.31%/yr for VWRP.L. A 0.53 correlation means they provide meaningful diversification when combined. DFNG.L charges 0.55%/yr vs 0.22%/yr for VWRP.L.
Performance
DFNG.L vs. VWRP.L - Performance Comparison
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Returns By Period
In the year-to-date period, DFNG.L achieves a 1.28% return, which is significantly lower than VWRP.L's 10.60% return.
DFNG.L
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 1.28%
- 6M
- 2.03%
- 1Y
- 12.40%
- 3Y*
- 37.60%
- 5Y*
- —
- 10Y*
- —
VWRP.L
- 1D
- 1.65%
- 1M
- 0.75%
- YTD
- 10.60%
- 6M
- 11.30%
- 1Y
- 28.03%
- 3Y*
- 17.31%
- 5Y*
- 12.04%
- 10Y*
- —
DFNG.L vs. VWRP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNG.L VanEck Defense ETF A USD Acc GBP | 1.28% | 56.54% | 46.20% | -1.18% |
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 10.60% | 13.94% | 19.60% | 11.78% |
Correlation
The correlation between DFNG.L and VWRP.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.53 |
The correlation between DFNG.L and VWRP.L shifts across timeframes, from 0.38 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFNG.L vs. VWRP.L — Risk / Return Rank
DFNG.L
VWRP.L
DFNG.L vs. VWRP.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 All-World UCITS ETF (USD) Accumulating (VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.48 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.82 | -3.08 |
| Martin ratioReturn relative to average drawdown | 1.83 | 15.17 | -13.34 |
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Drawdowns
DFNG.L vs. VWRP.L - Drawdown Comparison
The maximum DFNG.L drawdown since its inception was -22.59%, smaller than the maximum VWRP.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for DFNG.L and VWRP.L.
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Drawdown Indicators
| DFNG.L | VWRP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -25.10% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.68% | -7.10% | -12.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -17.64% | -2.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.64% | — |
Current DrawdownCurrent decline from peak | -17.26% | -1.64% | -15.62% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -3.38% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 1.79% | +6.15% |
Volatility
DFNG.L vs. VWRP.L - Volatility Comparison
VanEck Defense ETF A USD Acc GBP (DFNG.L) has a higher volatility of 8.19% compared to Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) at 3.57%. This indicates that DFNG.L's price experiences larger fluctuations and is considered to be riskier than VWRP.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 | VWRP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 3.57% | +4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 8.07% | +10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.56% | 10.69% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 12.92% | +10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 14.96% | +8.42% |
DFNG.L vs. VWRP.L - Expense Ratio Comparison
DFNG.L has a 0.55% expense ratio, which is higher than VWRP.L's 0.22% expense ratio.
Dividends
DFNG.L vs. VWRP.L - Dividend Comparison
Neither DFNG.L nor VWRP.L has paid dividends to shareholders.
Frequently Asked Questions
DFNG.L and VWRP.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.55% for DFNG.L.
DFNG.L is categorized as Aerospace & Defense, while VWRP.L is Global Equities. DFNG.L tracks MarketVector Global Defense Industry index, while VWRP.L tracks FTSE All-World Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.55% for DFNG.L and 0.22% for VWRP.L.
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