DFNG.L vs. WDEP.L
DFNG.L (VanEck Defense ETF A USD Acc GBP) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while WDEP.L is a Europe Equities fund tracking the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, DFNG.L returned 16.52% vs -2.66% for WDEP.L. A 0.77 correlation means they provide meaningful diversification when combined. DFNG.L charges 0.55%/yr vs 0.45%/yr for WDEP.L.
Performance
DFNG.L vs. WDEP.L - Performance Comparison
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Different Trading Currencies
DFNG.L is traded in GBP, while WDEP.L is traded in GBp. To make them comparable, the WDEP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFNG.L achieves a 3.11% return, which is significantly higher than WDEP.L's -0.21% return.
DFNG.L
- 1D
- -1.51%
- 1M
- -3.80%
- YTD
- 3.11%
- 6M
- 7.91%
- 1Y
- 16.52%
- 3Y*
- 39.39%
- 5Y*
- —
- 10Y*
- —
WDEP.L
- 1D
- -1.09%
- 1M
- -3.26%
- YTD
- -0.21%
- 6M
- 3.94%
- 1Y
- -2.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNG.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNG.L VanEck Defense ETF A USD Acc GBP | 3.11% | 34.18% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -0.21% | 20.67% |
Correlation
The correlation between DFNG.L and WDEP.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.77 |
The correlation between DFNG.L and WDEP.L has been stable across timeframes, ranging from 0.77 to 0.77 - a consistent structural relationship.
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Return for Risk
DFNG.L vs. WDEP.L — Risk / Return Rank
DFNG.L
WDEP.L
DFNG.L vs. WDEP.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 WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.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 | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.01 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.14 | +1.03 |
| Martin ratioReturn relative to average drawdown | 2.23 | -0.32 | +2.55 |
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 | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | -0.09 | +0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.97 | 0.55 | +1.42 |
Drawdowns
DFNG.L vs. WDEP.L - Drawdown Comparison
The maximum DFNG.L drawdown since its inception was -18.38%, smaller than the maximum WDEP.L drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for DFNG.L and WDEP.L.
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Drawdown Indicators
| DFNG.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -19.56% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -19.56% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.38% | — | — |
Current DrawdownCurrent decline from peak | -15.77% | -15.83% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -6.13% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.40% | 8.37% | -0.97% |
Volatility
DFNG.L vs. WDEP.L - Volatility Comparison
The current volatility for VanEck Defense ETF A USD Acc GBP (DFNG.L) is 7.86%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.30%. This indicates that DFNG.L experiences smaller price fluctuations and is considered to be less risky than WDEP.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 | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 10.30% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 22.17% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.20% | 28.59% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.40% | 30.11% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 30.11% | -9.71% |
DFNG.L vs. WDEP.L - Expense Ratio Comparison
DFNG.L has a 0.55% expense ratio, which is higher than WDEP.L's 0.45% expense ratio.
Dividends
DFNG.L vs. WDEP.L - Dividend Comparison
Neither DFNG.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
DFNG.L and WDEP.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEP.L is cheaper with a 0.45% expense ratio, compared with 0.55% for DFNG.L.
DFNG.L is categorized as Aerospace & Defense, while WDEP.L is Europe Equities. DFNG.L tracks MarketVector Global Defense Industry index, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for DFNG.L and 0.45% for WDEP.L.
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