DFNS.L vs. VOO
Compare and contrast key facts about VanEck Defense UCITS ETF (DFNS.L) and Vanguard S&P 500 ETF (VOO).
DFNS.L and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both DFNS.L and VOO 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. VOO - Performance Comparison
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DFNS.L vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DFNS.L VanEck Defense UCITS ETF | 6.45% | 68.21% | 43.74% | 25.73% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 18.02% |
Returns By Period
In the year-to-date period, DFNS.L achieves a 6.45% return, which is significantly higher than VOO's -4.42% return.
DFNS.L
- 1D
- 0.15%
- 1M
- -7.06%
- YTD
- 6.45%
- 6M
- 0.22%
- 1Y
- 48.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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DFNS.L vs. VOO - Expense Ratio Comparison
DFNS.L has a 0.55% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
DFNS.L vs. VOO — Risk / Return Rank
DFNS.L
VOO
DFNS.L vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNS.L) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 0.98 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.50 | +1.00 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.23 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.53 | +1.53 |
Martin ratioReturn relative to average drawdown | 8.30 | 7.29 | +1.01 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.98 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.28 | 0.83 | +1.44 |
Correlation
The correlation between DFNS.L and VOO is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DFNS.L vs. VOO - Dividend Comparison
DFNS.L has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFNS.L VanEck Defense UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
DFNS.L vs. VOO - Drawdown Comparison
The maximum DFNS.L drawdown since its inception was -14.92%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for DFNS.L and VOO.
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Drawdown Indicators
| DFNS.L | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.92% | -33.99% | +19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.92% | -11.98% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -12.94% | -6.29% | -6.65% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -3.72% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 2.52% | +2.98% |
Volatility
DFNS.L vs. VOO - Volatility Comparison
VanEck Defense UCITS ETF (DFNS.L) has a higher volatility of 8.01% compared to Vanguard S&P 500 ETF (VOO) at 5.29%. This indicates that DFNS.L's price experiences larger fluctuations and is considered to be riskier than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 5.29% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 9.44% | +9.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 18.10% | +7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 16.82% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.07% | 17.99% | +3.08% |