DFNS.L vs. DFEN.DE
Compare and contrast key facts about VanEck Defense UCITS ETF (DFNS.L) and VanEck Defense UCITS ETF A (DFEN.DE).
DFNS.L and DFEN.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFNS.L is a passively managed fund by VanEck that tracks the performance of the MarketVector™ Global Defense Industry Index. It was launched on Mar 31, 2023. DFEN.DE is a passively managed fund by VanEck that tracks the performance of the MarketVector Global Defense Industry. It was launched on Mar 31, 2023. Both DFNS.L and DFEN.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DFNS.L vs. DFEN.DE - Performance Comparison
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DFNS.L vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNS.L VanEck Defense UCITS ETF | 6.45% | 68.21% | 43.74% | 10.99% |
DFEN.DE VanEck Defense UCITS ETF A | 6.64% | 70.20% | 43.28% | 9.83% |
Different Trading Currencies
DFNS.L is traded in USD, while DFEN.DE is traded in EUR. To make them comparable, the DFEN.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 6.45% return, which is significantly lower than DFEN.DE's 6.83% return.
DFNS.L
- 1D
- 0.15%
- 1M
- -9.55%
- YTD
- 6.45%
- 6M
- -0.47%
- 1Y
- 45.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN.DE
- 1D
- 1.15%
- 1M
- -5.95%
- YTD
- 6.83%
- 6M
- 0.97%
- 1Y
- 49.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DFNS.L vs. DFEN.DE - Expense Ratio Comparison
Both DFNS.L and DFEN.DE have an expense ratio of 0.55%.
Return for Risk
DFNS.L vs. DFEN.DE — Risk / Return Rank
DFNS.L
DFEN.DE
DFNS.L vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNS.L) and VanEck Defense UCITS ETF A (DFEN.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.
| DFNS.L | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.84 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.48 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.16 | -0.10 |
Martin ratioReturn relative to average drawdown | 8.30 | 8.57 | -0.27 |
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
| DFNS.L | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.84 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.28 | 2.10 | +0.17 |
Correlation
The correlation between DFNS.L and DFEN.DE is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DFNS.L vs. DFEN.DE - Dividend Comparison
Neither DFNS.L nor DFEN.DE has paid dividends to shareholders.
Drawdowns
DFNS.L vs. DFEN.DE - Drawdown Comparison
The maximum DFNS.L drawdown since its inception was -14.92%, roughly equal to the maximum DFEN.DE drawdown of -14.85%. Use the drawdown chart below to compare losses from any high point for DFNS.L and DFEN.DE.
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Drawdown Indicators
| DFNS.L | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -14.00% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -14.00% | -0.92% |
Current DrawdownCurrent decline from peak | -12.94% | -11.61% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -2.71% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 5.65% | -0.15% |
Volatility
DFNS.L vs. DFEN.DE - Volatility Comparison
VanEck Defense UCITS ETF (DFNS.L) and VanEck Defense UCITS ETF A (DFEN.DE) have volatilities of 8.01% and 7.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNS.L | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 7.92% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 19.14% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 26.63% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 21.65% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 21.65% | -0.58% |