DFNX.L vs. 4MMR.DE
DFNX.L (VanEck Defense UCITS ETF) and 4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) are both Aerospace & Defense funds. Over the past year, DFNX.L returned 76.97% vs 12.24% for 4MMR.DE. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
DFNX.L vs. 4MMR.DE - Performance Comparison
Loading charts...
Different Trading Currencies
DFNX.L is traded in GBp, while 4MMR.DE is traded in EUR. To make them comparable, the 4MMR.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DFNX.L achieves a 34.91% return, which is significantly higher than 4MMR.DE's -1.97% return.
DFNX.L
- 1D
- -1.79%
- 1M
- 13.81%
- YTD
- 34.91%
- 6M
- 42.66%
- 1Y
- 76.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE
- 1D
- -0.73%
- 1M
- -5.22%
- YTD
- -1.97%
- 6M
- 3.04%
- 1Y
- 12.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNX.L vs. 4MMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFNX.L VanEck Defense UCITS ETF | 34.91% | 45.07% | 9.49% |
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.97% | 67.01% | 2.95% |
Correlation
The correlation between DFNX.L and 4MMR.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024 | 0.70 |
The correlation between DFNX.L and 4MMR.DE has been stable across timeframes, ranging from 0.70 to 0.72 - 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
DFNX.L vs. 4MMR.DE — Risk / Return Rank
DFNX.L
4MMR.DE
DFNX.L vs. 4MMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNX.L) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.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.
| DFNX.L | 4MMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.11 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 6.33 | 0.64 | +5.69 |
| Martin ratioReturn relative to average drawdown | 16.40 | 1.65 | +14.75 |
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
| DFNX.L | 4MMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 0.56 | +2.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.53 | 1.73 | +0.80 |
Drawdowns
DFNX.L vs. 4MMR.DE - Drawdown Comparison
The maximum DFNX.L drawdown since its inception was -15.39%, smaller than the maximum 4MMR.DE drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for DFNX.L and 4MMR.DE.
Loading charts...
Drawdown Indicators
| DFNX.L | 4MMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.39% | -19.15% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -19.15% | +7.05% |
Current DrawdownCurrent decline from peak | -5.07% | -18.28% | +13.21% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -4.03% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 7.40% | -2.72% |
Volatility
DFNX.L vs. 4MMR.DE - Volatility Comparison
VanEck Defense UCITS ETF (DFNX.L) has a higher volatility of 9.16% compared to Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) at 6.35%. This indicates that DFNX.L's price experiences larger fluctuations and is considered to be riskier than 4MMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DFNX.L | 4MMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 6.35% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 16.65% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 21.91% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 24.09% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 24.09% | +0.63% |
Dividends
DFNX.L vs. 4MMR.DE - Dividend Comparison
Neither DFNX.L nor 4MMR.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNX.L and 4MMR.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: VanEck and Global X.
Find the right allocation for DFNX.L and 4MMR.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