DFNX.L vs. JEDI.DE
DFNX.L (VanEck Defense UCITS ETF) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - DFNX.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG. Both are passively managed. Over the past year, DFNX.L returned 57.61% vs 116.57% for JEDI.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
DFNX.L vs. JEDI.DE - Performance Comparison
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Different Trading Currencies
DFNX.L is traded in GBp, while JEDI.DE is traded in EUR. To make them comparable, the JEDI.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 25.15% return, which is significantly lower than JEDI.DE's 42.44% return.
DFNX.L
- 1D
- 0.00%
- 1M
- -3.33%
- YTD
- 25.15%
- 6M
- 23.29%
- 1Y
- 57.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI.DE
- 1D
- 0.00%
- 1M
- -22.99%
- YTD
- 42.44%
- 6M
- 38.72%
- 1Y
- 116.57%
- 3Y*
- 56.16%
- 5Y*
- —
- 10Y*
- —
DFNX.L vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFNX.L VanEck Defense UCITS ETF | 25.15% | 45.07% | 8,360.21% |
JEDI.DE VanEck Space Innovators UCITS ETF | 42.44% | 81.10% | 26.52% |
Correlation
The correlation between DFNX.L and JEDI.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 Oct 29, 2024 | 0.77 |
The correlation between DFNX.L and JEDI.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
DFNX.L vs. JEDI.DE — Risk / Return Rank
DFNX.L
JEDI.DE
DFNX.L vs. JEDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNX.L) and VanEck Space Innovators UCITS ETF (JEDI.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.
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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.89 | -2.07 |
| Martin ratioReturn relative to average drawdown | 3.82 | 12.88 | -9.06 |
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Drawdowns
DFNX.L vs. JEDI.DE - Drawdown Comparison
The maximum DFNX.L drawdown since its inception was -31.65%, roughly equal to the maximum JEDI.DE drawdown of -30.17%. Use the drawdown chart below to compare losses from any high point for DFNX.L and JEDI.DE.
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Drawdown Indicators
| DFNX.L | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -30.17% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -31.65% | -30.17% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.17% | — |
Current DrawdownCurrent decline from peak | -11.94% | -30.17% | +18.23% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -7.83% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 9.08% | +5.99% |
Volatility
DFNX.L vs. JEDI.DE - Volatility Comparison
The current volatility for VanEck Defense UCITS ETF (DFNX.L) is 10.66%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 17.21%. This indicates that DFNX.L experiences smaller price fluctuations and is considered to be less risky than JEDI.DE 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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.66% | 17.21% | -6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 35.34% | -15.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.71% | 45.14% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6,013.40% | 32.52% | +5,980.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6,013.40% | 32.52% | +5,980.88% |
DFNX.L vs. JEDI.DE - Expense Ratio Comparison
Both DFNX.L and JEDI.DE have an expense ratio of 0.55%.
Dividends
DFNX.L vs. JEDI.DE - Dividend Comparison
Neither DFNX.L nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
DFNX.L and JEDI.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.
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 JEDI.DE have the same expense ratio: 0.55% per year.
DFNX.L is categorized as Aerospace & Defense, while JEDI.DE is Industrials Equities. DFNX.L tracks MarketVector Global Defense Industry Index, while JEDI.DE tracks MVIS Global Space Industry ESG.
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