DFNS.L vs. EUDF.DE
DFNS.L (VanEck Defense UCITS ETF) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both Aerospace & Defense funds - DFNS.L tracks the MarketVector™ Global Defense Industry Index while EUDF.DE tracks the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, DFNS.L returned 15.78% vs -3.25% for EUDF.DE. Their correlation of 0.80 suggests significant overlap in exposure. DFNS.L charges 0.55%/yr vs 0.40%/yr for EUDF.DE.
Performance
DFNS.L vs. EUDF.DE - Performance Comparison
Loading charts...
Different Trading Currencies
DFNS.L is traded in USD, while EUDF.DE is traded in EUR. To make them comparable, the EUDF.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 2.88% return, which is significantly higher than EUDF.DE's 0.05% return.
DFNS.L
- 1D
- -1.80%
- 1M
- -5.10%
- YTD
- 2.88%
- 6M
- 8.71%
- 1Y
- 15.78%
- 3Y*
- 42.95%
- 5Y*
- —
- 10Y*
- —
EUDF.DE
- 1D
- -1.42%
- 1M
- -3.79%
- YTD
- 0.05%
- 6M
- 4.54%
- 1Y
- -3.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNS.L vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFNS.L VanEck Defense UCITS ETF | 2.88% | 40.73% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 0.05% | 27.56% |
Correlation
The correlation between DFNS.L and EUDF.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.80 |
The correlation between DFNS.L and EUDF.DE has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DFNS.L vs. EUDF.DE — Risk / Return Rank
DFNS.L
EUDF.DE
DFNS.L vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNS.L) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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 | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.16 | +0.99 |
| Martin ratioReturn relative to average drawdown | 2.09 | -0.37 | +2.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DFNS.L | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -0.11 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.01 | 0.67 | +1.33 |
Drawdowns
DFNS.L vs. EUDF.DE - Drawdown Comparison
The maximum DFNS.L drawdown since its inception was -18.72%, smaller than the maximum EUDF.DE drawdown of -20.44%. Use the drawdown chart below to compare losses from any high point for DFNS.L and EUDF.DE.
Loading charts...
Drawdown Indicators
| DFNS.L | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -20.44% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -18.72% | -20.44% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | — | — |
Current DrawdownCurrent decline from peak | -15.86% | -16.21% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -6.34% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.50% | 8.80% | -1.30% |
Volatility
DFNS.L vs. EUDF.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF (DFNS.L) is 8.07%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 10.59%. This indicates that DFNS.L experiences smaller price fluctuations and is considered to be less risky than EUDF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DFNS.L | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 10.59% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 19.53% | 23.30% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.88% | 30.24% | -5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.56% | 32.60% | -11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.56% | 32.60% | -11.04% |
DFNS.L vs. EUDF.DE - Expense Ratio Comparison
DFNS.L has a 0.55% expense ratio, which is higher than EUDF.DE's 0.40% expense ratio.
Dividends
DFNS.L vs. EUDF.DE - Dividend Comparison
Neither DFNS.L nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNS.L and EUDF.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUDF.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUDF.DE is cheaper with a 0.40% expense ratio, compared with 0.55% for DFNS.L.
DFNS.L tracks MarketVector™ Global Defense Industry Index, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.55% for DFNS.L and 0.40% for EUDF.DE.
Find the right allocation for DFNS.L and EUDF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer