DFNX.L vs. RR.L
DFNX.L (VanEck Defense UCITS ETF) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index, while RR.L (Rolls-Royce Holdings PLC) is a stock. Over the past year, DFNX.L returned 31.95% vs 36.37% for RR.L. At a 0.49 correlation, their price movements are largely independent.
Performance
DFNX.L vs. RR.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 lower than RR.L's 19.27% return.
DFNX.L
- 1D
- 0.00%
- 1M
- -9.55%
- 6M
- -5.03%
- YTD
- 16.35%
- 1Y
- 31.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RR.L
- 1D
- -0.93%
- 1M
- -1.76%
- 6M
- 6.70%
- YTD
- 19.27%
- 1Y
- 36.37%
- 3Y*
- 111.69%
- 5Y*
- 71.70%
- 10Y*
- 18.99%
DFNX.L vs. RR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFNX.L VanEck Defense UCITS ETF | 16.35% | 45.07% | 8,360.21% |
RR.L Rolls-Royce Holdings PLC | 19.27% | 104.79% | 1.46% |
Correlation
The correlation between DFNX.L and RR.L is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.49 |
The correlation between DFNX.L and RR.L has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
DFNX.L vs. RR.L — Risk / Return Rank
DFNX.L
RR.L
DFNX.L vs. RR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Defense UCITS ETF (DFNX.L) and Rolls-Royce Holdings PLC (RR.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 | RR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.90 | -0.89 |
| Martin ratioReturn relative to average drawdown | 2.06 | 5.17 | -3.12 |
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Drawdowns
DFNX.L vs. RR.L - Drawdown Comparison
The maximum DFNX.L drawdown since its inception was -31.65%, smaller than the maximum RR.L drawdown of -90.25%. Use the drawdown chart below to compare losses from any high point for DFNX.L and RR.L.
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Drawdown Indicators
| DFNX.L | RR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -90.25% | +58.60% |
Max Drawdown (1Y)Largest decline over 1 year | -31.65% | -19.04% | -12.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -89.41% | — |
Current DrawdownCurrent decline from peak | -18.13% | -9.21% | -8.92% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -28.29% | +19.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.53% | 7.01% | +8.52% |
Volatility
DFNX.L vs. RR.L - Volatility Comparison
VanEck Defense UCITS ETF (DFNX.L) and Rolls-Royce Holdings PLC (RR.L) have volatilities of 7.56% and 7.88%, 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 | RR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.56% | 7.88% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 20.10% | 31.32% | -11.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.09% | 36.77% | +13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,887.11% | 41.89% | +5,845.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,887.11% | 48.59% | +5,838.52% |
Dividends
DFNX.L vs. RR.L - Dividend Comparison
DFNX.L has not paid dividends to shareholders, while RR.L's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFNX.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% |
RR.L Rolls-Royce Holdings PLC | 0.70% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.71% | 1.41% | 0.54% | 1.75% | 4.06% |
Frequently Asked Questions
DFNX.L and RR.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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