DFNG.L vs. XNAQ.L
DFNG.L (VanEck Defense ETF A USD Acc GBP) and XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) are both exchange-traded funds - DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index, while XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, DFNG.L returned 37.60%/yr vs 23.76%/yr for XNAQ.L. At a 0.44 correlation, their price movements are largely independent. DFNG.L charges 0.55%/yr vs 0.20%/yr for XNAQ.L.
Performance
DFNG.L vs. XNAQ.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 XNAQ.L's 17.14% return.
DFNG.L
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 1.28%
- 6M
- 2.03%
- 1Y
- 12.40%
- 3Y*
- 37.60%
- 5Y*
- —
- 10Y*
- —
XNAQ.L
- 1D
- 2.42%
- 1M
- 0.57%
- YTD
- 17.14%
- 6M
- 17.33%
- 1Y
- 38.43%
- 3Y*
- 23.76%
- 5Y*
- 17.97%
- 10Y*
- —
DFNG.L vs. XNAQ.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% |
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 17.14% | 11.72% | 28.64% | 27.14% |
Correlation
The correlation between DFNG.L and XNAQ.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.44 |
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Return for Risk
DFNG.L vs. XNAQ.L — Risk / Return Rank
DFNG.L
XNAQ.L
DFNG.L vs. XNAQ.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 Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.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 | XNAQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 3.40 | -2.66 |
| Martin ratioReturn relative to average drawdown | 1.83 | 9.85 | -8.02 |
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Drawdowns
DFNG.L vs. XNAQ.L - Drawdown Comparison
The maximum DFNG.L drawdown since its inception was -22.59%, smaller than the maximum XNAQ.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for DFNG.L and XNAQ.L.
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Drawdown Indicators
| DFNG.L | XNAQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -34.26% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -19.68% | -10.99% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -24.55% | +4.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.52% | — |
Current DrawdownCurrent decline from peak | -17.26% | -2.90% | -14.36% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -13.67% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.94% | 3.80% | +4.14% |
Volatility
DFNG.L vs. XNAQ.L - Volatility Comparison
VanEck Defense ETF A USD Acc GBP (DFNG.L) has a higher volatility of 8.19% compared to Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) at 5.78%. This indicates that DFNG.L's price experiences larger fluctuations and is considered to be riskier than XNAQ.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 | XNAQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 5.78% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 11.20% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.56% | 15.32% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 23.63% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 25.98% | -2.60% |
DFNG.L vs. XNAQ.L - Expense Ratio Comparison
DFNG.L has a 0.55% expense ratio, which is higher than XNAQ.L's 0.20% expense ratio.
Dividends
DFNG.L vs. XNAQ.L - Dividend Comparison
Neither DFNG.L nor XNAQ.L has paid dividends to shareholders.
Frequently Asked Questions
DFNG.L and XNAQ.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAQ.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAQ.L is cheaper with a 0.20% expense ratio, compared with 0.55% for DFNG.L.
DFNG.L is categorized as Aerospace & Defense, while XNAQ.L is Nasdaq-100. DFNG.L tracks MarketVector Global Defense Industry index, while XNAQ.L tracks Russell 1000 Growth TR USD. They also come from different issuers: VanEck and Xtrackers. Their fees differ too: 0.55% for DFNG.L and 0.20% for XNAQ.L.
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