ED3F.DE vs. 18M2.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while 18M2.DE is a Europe Equities fund tracking the MSCI EMU High Dividend Yield. Both are passively managed. Over the past year, ED3F.DE returned -7.63% vs 22.11% for 18M2.DE. At a 0.13 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.30%/yr for 18M2.DE.
Performance
ED3F.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a -9.14% return, which is significantly lower than 18M2.DE's 9.78% return.
ED3F.DE
- 1D
- 0.00%
- 1M
- -13.44%
- YTD
- -9.14%
- 6M
- -8.97%
- 1Y
- -7.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
18M2.DE
- 1D
- 0.58%
- 1M
- 1.74%
- YTD
- 9.78%
- 6M
- 10.49%
- 1Y
- 22.11%
- 3Y*
- 13.49%
- 5Y*
- 9.48%
- 10Y*
- 9.74%
ED3F.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | -9.14% | 2.04% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 9.78% | 8.92% |
Correlation
The correlation between ED3F.DE and 18M2.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 26, 2025 | 0.13 |
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Return for Risk
ED3F.DE vs. 18M2.DE — Risk / Return Rank
ED3F.DE
18M2.DE
ED3F.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ED3F.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.55 | -3.83 |
| Martin ratioReturn relative to average drawdown | -0.65 | 9.52 | -10.17 |
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Drawdowns
ED3F.DE vs. 18M2.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -28.06%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and 18M2.DE.
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Drawdown Indicators
| ED3F.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -37.06% | +9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -28.06% | -6.19% | -21.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -28.06% | -0.14% | -27.92% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -6.41% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.74% | 2.32% | +9.42% |
Volatility
ED3F.DE vs. 18M2.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 9.37% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.15%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED3F.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 2.15% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 8.46% | +14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.62% | 10.77% | +19.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 13.42% | +16.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.27% | 15.17% | +15.10% |
ED3F.DE vs. 18M2.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than 18M2.DE's 0.30% expense ratio.
Dividends
ED3F.DE vs. 18M2.DE - Dividend Comparison
Neither ED3F.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and 18M2.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18M2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while 18M2.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: Global X and Amundi. Their fees differ too: 0.40% for ED3F.DE and 0.30% for 18M2.DE.
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