DFNX.L vs. ESGB.L
DFNX.L (VanEck Defense UCITS ETF) and ESGB.L (VanEck Vectors Video Gaming and eSports UCITS ETF A USD) are both exchange-traded funds - DFNX.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while ESGB.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past year, DFNX.L returned 76.97% vs -9.93% for ESGB.L. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
DFNX.L vs. ESGB.L - Performance Comparison
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Different Trading Currencies
DFNX.L is traded in GBp, while ESGB.L is traded in GBP. To make them comparable, the ESGB.L 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 ESGB.L's -13.49% return.
DFNX.L
- 1D
- -1.79%
- 1M
- 13.81%
- YTD
- 34.91%
- 6M
- 42.66%
- 1Y
- 76.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGB.L
- 1D
- -1.70%
- 1M
- -0.38%
- YTD
- -13.49%
- 6M
- -17.25%
- 1Y
- -9.93%
- 3Y*
- 16.97%
- 5Y*
- 7.76%
- 10Y*
- —
DFNX.L vs. ESGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFNX.L VanEck Defense UCITS ETF | 34.91% | 45.07% | 9.49% |
ESGB.L VanEck Vectors Video Gaming and eSports UCITS ETF A USD | -13.49% | 18.62% | 16.07% |
Correlation
The correlation between DFNX.L and ESGB.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2024 | 0.44 |
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Return for Risk
DFNX.L vs. ESGB.L — Risk / Return Rank
DFNX.L
ESGB.L
DFNX.L vs. ESGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNX.L) and VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.L). 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 | ESGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.91 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 6.33 | -0.37 | +6.70 |
| Martin ratioReturn relative to average drawdown | 16.40 | -0.67 | +17.06 |
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
| DFNX.L | ESGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | -0.59 | +3.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.53 | 0.70 | +1.83 |
Drawdowns
DFNX.L vs. ESGB.L - Drawdown Comparison
The maximum DFNX.L drawdown since its inception was -15.39%, smaller than the maximum ESGB.L drawdown of -39.40%. Use the drawdown chart below to compare losses from any high point for DFNX.L and ESGB.L.
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Drawdown Indicators
| DFNX.L | ESGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.39% | -39.40% | +24.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -26.63% | +14.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.60% | — |
Current DrawdownCurrent decline from peak | -5.07% | -25.08% | +20.01% |
Average DrawdownAverage peak-to-trough decline | -3.51% | -13.08% | +9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 14.90% | -10.22% |
Volatility
DFNX.L vs. ESGB.L - Volatility Comparison
VanEck Defense UCITS ETF (DFNX.L) has a higher volatility of 9.16% compared to VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.L) at 4.02%. This indicates that DFNX.L's price experiences larger fluctuations and is considered to be riskier than ESGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNX.L | ESGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 4.02% | +5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.61% | 13.10% | +6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 16.79% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 22.03% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.72% | 22.81% | +1.91% |
DFNX.L vs. ESGB.L - Expense Ratio Comparison
Both DFNX.L and ESGB.L have an expense ratio of 0.55%.
Dividends
DFNX.L vs. ESGB.L - Dividend Comparison
Neither DFNX.L nor ESGB.L has paid dividends to shareholders.
Frequently Asked Questions
DFNX.L and ESGB.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DFNX.L and ESGB.L have the same expense ratio: 0.55% per year.
DFNX.L is categorized as Aerospace & Defense, while ESGB.L is Technology Equities. DFNX.L tracks MarketVector Global Defense Industry Index, while ESGB.L tracks MSCI World/Information Tech NR USD.
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