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DFNS.L vs. DTCR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFNS.L vs. DTCR

Last updated Jun 13, 2026

DFNS.L (VanEck Defense UCITS ETF) and DTCR (Global X Data Center & Digital Infrastructure ETF) are both exchange-traded funds - DFNS.L is a Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index, while DTCR is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. Both are passively managed. Over the past 3 years, DFNS.L returned 40.45%/yr vs 33.82%/yr for DTCR. At a 0.29 correlation, their price movements are largely independent. DFNS.L charges 0.55%/yr vs 0.50%/yr for DTCR.

Performance

DFNS.L vs. DTCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Defense UCITS ETF (DFNS.L) and Global X Data Center & Digital Infrastructure ETF (DTCR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFNS.L achieves a 0.90% return, which is significantly lower than DTCR's 47.68% return.

DFNS.L

1D
0.00%
1M
1.53%
YTD
0.90%
6M
2.54%
1Y
10.82%
3Y*
40.45%
5Y*
—
10Y*
—

DTCR

1D
0.23%
1M
5.06%
YTD
47.68%
6M
48.56%
1Y
76.02%
3Y*
33.82%
5Y*
14.12%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFNS.L vs. DTCR - Yearly Performance Comparison

2026 (YTD)202520242023
DFNS.L
VanEck Defense UCITS ETF		0.90%68.21%43.74%25.97%
DTCR
Global X Data Center & Digital Infrastructure ETF		47.68%28.99%14.92%14.17%

Correlation

The correlation between DFNS.L and DTCR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2023

0.29

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Defense UCITS ETF

Global X Data Center & Digital Infrastructure ETF

Often compared with DFNS.L:
DFNS.L vs. NATO.LDFNS.L vs. DFEN.DEDFNS.L vs. DFND.ASDFNS.L vs. PPADFNS.L vs. VOODFNS.L vs. WDEF.LDFNS.L vs. IBE.MC
Often compared with DTCR:
DTCR vs. SRVRDTCR vs. IDGTDTCR vs. VPNDTCR vs. AIPODTCR vs. VOODTCR vs. QQQMDTCR vs. AIPI

Return for Risk

DFNS.L vs. DTCR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFNS.L
DFNS.L Risk / Return Rank: 1818
Overall Rank
DFNS.L Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
DFNS.L Sortino Ratio Rank: 1919
Sortino Ratio Rank
DFNS.L Omega Ratio Rank: 1818
Omega Ratio Rank
DFNS.L Calmar Ratio Rank: 1818
Calmar Ratio Rank
DFNS.L Martin Ratio Rank: 1818
Martin Ratio Rank
DTCR
DTCR Risk / Return Rank: 9191
Overall Rank
DTCR Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
DTCR Sortino Ratio Rank: 9191
Sortino Ratio Rank
DTCR Omega Ratio Rank: 9090
Omega Ratio Rank
DTCR Calmar Ratio Rank: 9393
Calmar Ratio Rank
DTCR Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFNS.L vs. DTCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNS.L) and Global X Data Center & Digital Infrastructure ETF (DTCR). 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.LDTCRDifference
Sharpe ratioReturn per unit of total volatility
0.52
3.16

-2.65

Sortino ratioReturn per unit of downside risk
0.91
3.83

-2.92

Omega ratioGain probability vs. loss probability

1.10

1.50

-0.40

Calmar ratioReturn relative to maximum drawdown

0.66

5.64

-4.98

Martin ratioReturn relative to average drawdown

1.61

17.40

-15.79

DFNS.L vs. DTCR - Sharpe Ratio Comparison

The current DFNS.L Sharpe Ratio is 0.52, which is lower than the DTCR Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of DFNS.L and DTCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DFNS.L vs. DTCR - Drawdown Comparison

The maximum DFNS.L drawdown since its inception was -19.66%, smaller than the maximum DTCR drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for DFNS.L and DTCR.

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Drawdown Indicators

DFNS.LDTCRDifference

Max Drawdown

Largest peak-to-trough decline

-19.66%

-38.98%

+19.32%

Max Drawdown (1Y)

Largest decline over 1 year

-19.66%

-12.89%

-6.77%

Max Drawdown (3Y)

Largest decline over 3 years

-19.66%

-24.96%

+5.30%

Max Drawdown (5Y)

Largest decline over 5 years

—

-38.98%

—

Current Drawdown

Current decline from peak

-17.48%

-3.92%

-13.56%

Average Drawdown

Average peak-to-trough decline

-3.49%

-12.32%

+8.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.00%

4.17%

+3.83%

Volatility

DFNS.L vs. DTCR - Volatility Comparison

The current volatility for VanEck Defense UCITS ETF (DFNS.L) is 8.29%, while Global X Data Center & Digital Infrastructure ETF (DTCR) has a volatility of 9.32%. This indicates that DFNS.L experiences smaller price fluctuations and is considered to be less risky than DTCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFNS.LDTCRDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.29%

9.32%

-1.03%

Volatility (6M)

Calculated over the trailing 6-month period

19.56%

18.44%

+1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

25.07%

22.99%

+2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.58%

22.04%

-0.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.58%

22.06%

-0.48%

DFNS.L vs. DTCR - Expense Ratio Comparison

DFNS.L has a 0.55% expense ratio, which is higher than DTCR's 0.50% expense ratio.

Dividends

DFNS.L vs. DTCR - Dividend Comparison

DFNS.L has not paid dividends to shareholders, while DTCR's dividend yield for the trailing twelve months is around 0.74%.

PositionTTM202520242023202220212020
DFNS.L
VanEck Defense UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DTCR
Global X Data Center & Digital Infrastructure ETF		0.74%1.10%1.72%1.18%2.57%1.27%0.30%

Frequently Asked Questions

DFNS.L and DTCR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DTCR is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DTCR is cheaper with a 0.50% expense ratio, compared with 0.55% for DFNS.L.

DFNS.L is categorized as Aerospace & Defense, while DTCR is REIT. DFNS.L tracks MarketVector™ Global Defense Industry Index, while DTCR tracks Solactive Data Center REITs & Digital Infrastructure Index. They also come from different issuers: VanEck and Global X. Their fees differ too: 0.55% for DFNS.L and 0.50% for DTCR.

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