ED3F.DE vs. 540J.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and 540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while 540J.DE is a Europe Equities fund tracking the MSCI Switzerland. Both are passively managed. Over the past year, ED3F.DE returned -7.63% vs 23.68% for 540J.DE. At a 0.03 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.25%/yr for 540J.DE.
Performance
ED3F.DE vs. 540J.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 540J.DE's 10.20% return.
ED3F.DE
- 1D
- 0.00%
- 1M
- -13.44%
- YTD
- -9.14%
- 6M
- -8.97%
- 1Y
- -7.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
540J.DE
- 1D
- 0.64%
- 1M
- 4.24%
- YTD
- 10.20%
- 6M
- 10.20%
- 1Y
- 23.68%
- 3Y*
- 12.11%
- 5Y*
- 8.21%
- 10Y*
- 9.92%
ED3F.DE vs. 540J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | -9.14% | 2.04% |
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.20% | 9.01% |
Correlation
The correlation between ED3F.DE and 540J.DE is 0.07, 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 | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 26, 2025 | 0.03 |
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Return for Risk
ED3F.DE vs. 540J.DE — Risk / Return Rank
ED3F.DE
540J.DE
ED3F.DE vs. 540J.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 MSCI Switzerland UCITS ETF EUR (540J.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 | 540J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.97 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.65 | 6.92 | -7.57 |
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Drawdowns
ED3F.DE vs. 540J.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -28.06%, which is greater than 540J.DE's maximum drawdown of -26.00%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and 540J.DE.
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Drawdown Indicators
| ED3F.DE | 540J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.06% | -26.00% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.06% | -11.98% | -16.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.00% | — |
Current DrawdownCurrent decline from peak | -28.06% | 0.00% | -28.06% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -5.64% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.74% | 3.41% | +8.33% |
Volatility
ED3F.DE vs. 540J.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 MSCI Switzerland UCITS ETF EUR (540J.DE) at 4.55%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than 540J.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 | 540J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 4.55% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 22.98% | 10.94% | +12.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.62% | 13.73% | +16.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 13.64% | +16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.27% | 14.06% | +16.21% |
ED3F.DE vs. 540J.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than 540J.DE's 0.25% expense ratio.
Dividends
ED3F.DE vs. 540J.DE - Dividend Comparison
Neither ED3F.DE nor 540J.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and 540J.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 540J.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while 540J.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while 540J.DE tracks MSCI Switzerland. They also come from different issuers: Global X and Amundi. Their fees differ too: 0.40% for ED3F.DE and 0.25% for 540J.DE.
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