DFNX.L vs. IITU.L
DFNX.L (VanEck Defense UCITS ETF) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both exchange-traded funds - DFNX.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while IITU.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past year, DFNX.L returned 31.95% vs 27.07% for IITU.L. A 0.51 correlation means they provide meaningful diversification when combined. DFNX.L charges 0.55%/yr vs 0.15%/yr for IITU.L.
Performance
DFNX.L vs. IITU.L - Performance Comparison
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Returns By Period
In the year-to-date period, DFNX.L achieves a 16.35% return, which is significantly higher than IITU.L's 14.24% return.
DFNX.L
- 1D
- 0.00%
- 1M
- -9.55%
- 6M
- -5.03%
- YTD
- 16.35%
- 1Y
- 31.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IITU.L
- 1D
- -1.24%
- 1M
- -4.49%
- 6M
- 14.87%
- YTD
- 14.24%
- 1Y
- 27.07%
- 3Y*
- 27.01%
- 5Y*
- 21.02%
- 10Y*
- 24.81%
DFNX.L vs. IITU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFNX.L VanEck Defense UCITS ETF | 16.35% | 45.07% | 8,360.21% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 14.24% | 14.44% | 7.13% |
Correlation
The correlation between DFNX.L and IITU.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.51 |
The correlation between DFNX.L and IITU.L has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
DFNX.L vs. IITU.L — Risk / Return Rank
DFNX.L
IITU.L
DFNX.L vs. IITU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNX.L) and iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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.
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.
| DFNX.L | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.61 | -0.60 |
| Martin ratioReturn relative to average drawdown | 2.06 | 3.87 | -1.81 |
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Drawdowns
DFNX.L vs. IITU.L - Drawdown Comparison
The maximum DFNX.L drawdown since its inception was -31.65%, smaller than the maximum IITU.L drawdown of -41.09%. Use the drawdown chart below to compare losses from any high point for DFNX.L and IITU.L.
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Drawdown Indicators
| DFNX.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -41.09% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -31.65% | -16.76% | -14.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.03% | — |
Current DrawdownCurrent decline from peak | -18.13% | -9.99% | -8.14% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -8.10% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.53% | 6.99% | +8.54% |
Volatility
DFNX.L vs. IITU.L - Volatility Comparison
VanEck Defense UCITS ETF (DFNX.L) and iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) have volatilities of 7.56% and 7.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFNX.L | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 7.21% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.10% | 16.49% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.09% | 21.44% | +28.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,887.11% | 26.39% | +5,860.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,887.11% | 23.71% | +5,863.40% |
DFNX.L vs. IITU.L - Expense Ratio Comparison
DFNX.L has a 0.55% expense ratio, which is higher than IITU.L's 0.15% expense ratio.
Dividends
DFNX.L vs. IITU.L - Dividend Comparison
Neither DFNX.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
DFNX.L and IITU.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IITU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IITU.L is cheaper with a 0.15% expense ratio, compared with 0.55% for DFNX.L.
DFNX.L is categorized as Aerospace & Defense, while IITU.L is Technology Equities. DFNX.L tracks MarketVector Global Defense Industry Index, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for DFNX.L and 0.15% for IITU.L.
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