DFNS.L vs. BRYN.DE
DFNS.L (VanEck Defense UCITS ETF) is Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index, while BRYN.DE (Berkshire Hathaway Inc) is a stock. Over the past 3 years, DFNS.L returned 40.45%/yr vs 13.29%/yr for BRYN.DE. At a 0.16 correlation, their price movements are largely independent.
Performance
DFNS.L vs. BRYN.DE - Performance Comparison
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Different Trading Currencies
DFNS.L is traded in USD, while BRYN.DE is traded in EUR. To make them comparable, the BRYN.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFNS.L achieves a 0.90% return, which is significantly higher than BRYN.DE's -2.40% return.
DFNS.L
- 1D
- 0.00%
- 1M
- -0.02%
- YTD
- 0.90%
- 6M
- 2.54%
- 1Y
- 12.91%
- 3Y*
- 40.45%
- 5Y*
- —
- 10Y*
- —
BRYN.DE
- 1D
- 0.75%
- 1M
- 1.01%
- YTD
- -2.40%
- 6M
- -1.95%
- 1Y
- 0.07%
- 3Y*
- 13.29%
- 5Y*
- 11.20%
- 10Y*
- 13.26%
DFNS.L vs. BRYN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNS.L VanEck Defense UCITS ETF | 0.90% | 68.21% | 43.74% | 25.97% |
BRYN.DE Berkshire Hathaway Inc | -2.40% | 10.28% | 27.03% | 17.24% |
Correlation
The correlation between DFNS.L and BRYN.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.16 |
The correlation between DFNS.L and BRYN.DE shifts across timeframes, from -0.09 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DFNS.L vs. BRYN.DE — Risk / Return Rank
DFNS.L
BRYN.DE
DFNS.L vs. BRYN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNS.L) and Berkshire Hathaway Inc (BRYN.DE). 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.
| DFNS.L | BRYN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.01 | +0.65 |
| Martin ratioReturn relative to average drawdown | 1.61 | 0.02 | +1.60 |
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Drawdowns
DFNS.L vs. BRYN.DE - Drawdown Comparison
The maximum DFNS.L drawdown since its inception was -19.66%, smaller than the maximum BRYN.DE drawdown of -97.94%. Use the drawdown chart below to compare losses from any high point for DFNS.L and BRYN.DE.
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Drawdown Indicators
| DFNS.L | BRYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.66% | -97.94% | +78.28% |
Max Drawdown (1Y)Largest decline over 1 year | -19.66% | -9.74% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.66% | -14.17% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.89% | — |
Current DrawdownCurrent decline from peak | -17.48% | -84.49% | +67.01% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -84.29% | +80.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.00% | 4.68% | +3.32% |
Volatility
DFNS.L vs. BRYN.DE - Volatility Comparison
VanEck Defense UCITS ETF (DFNS.L) has a higher volatility of 8.29% compared to Berkshire Hathaway Inc (BRYN.DE) at 4.21%. This indicates that DFNS.L's price experiences larger fluctuations and is considered to be riskier than BRYN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNS.L | BRYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 4.21% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 19.56% | 10.79% | +8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 15.05% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.58% | 17.62% | +3.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 18.79% | +2.79% |
Dividends
DFNS.L vs. BRYN.DE - Dividend Comparison
Neither DFNS.L nor BRYN.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNS.L and BRYN.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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