E903.DE vs. ED3F.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - E903.DE is a Europe Equities fund tracking the DivDAX®, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, E903.DE returned 8.07% vs -4.47% for ED3F.DE. At a 0.06 correlation, their price movements are largely independent. E903.DE charges 0.25%/yr vs 0.40%/yr for ED3F.DE.
Performance
E903.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly higher than ED3F.DE's 0.02% return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
E903.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 6.71% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between E903.DE and ED3F.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.06 |
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Return for Risk
E903.DE vs. ED3F.DE — Risk / Return Rank
E903.DE
ED3F.DE
E903.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| E903.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.08 | +0.91 |
| Martin ratioReturn relative to average drawdown | 2.33 | -0.18 | +2.51 |
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
| E903.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | -0.06 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.15 | +0.19 |
Drawdowns
E903.DE vs. ED3F.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for E903.DE and ED3F.DE.
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Drawdown Indicators
| E903.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -23.91% | -17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -23.91% | +13.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | — | — |
Current DrawdownCurrent decline from peak | -5.02% | -20.80% | +15.78% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -8.37% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 10.25% | -6.70% |
Volatility
E903.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Amundi DivDAX II UCITS ETF Dist (E903.DE) is 3.68%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that E903.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| E903.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 10.58% | -6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 22.80% | -11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 30.60% | -16.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 30.42% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 30.42% | -11.74% |
E903.DE vs. ED3F.DE - Expense Ratio Comparison
E903.DE has a 0.25% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
E903.DE vs. ED3F.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E903.DE and ED3F.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E903.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E903.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
E903.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. E903.DE tracks DivDAX®, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.25% for E903.DE and 0.40% for ED3F.DE.
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