ED3F.DE vs. AW1T.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and AW1T.DE (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while AW1T.DE is a Europe Equities fund tracking the MSCI EMU Value. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 21.69% for AW1T.DE. At a 0.21 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.25%/yr for AW1T.DE.
Performance
ED3F.DE vs. AW1T.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.44% return, which is significantly lower than AW1T.DE's 7.02% return.
ED3F.DE
- 1D
- -1.78%
- 1M
- -6.98%
- YTD
- 0.44%
- 6M
- 6.18%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AW1T.DE
- 1D
- -0.52%
- 1M
- 3.57%
- YTD
- 7.02%
- 6M
- 11.26%
- 1Y
- 21.69%
- 3Y*
- 19.94%
- 5Y*
- —
- 10Y*
- —
ED3F.DE vs. AW1T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.44% | 4.82% |
AW1T.DE UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc | 7.02% | 12.65% |
Correlation
The correlation between ED3F.DE and AW1T.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.21 |
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Return for Risk
ED3F.DE vs. AW1T.DE — Risk / Return Rank
ED3F.DE
AW1T.DE
ED3F.DE vs. AW1T.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 UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.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.
| ED3F.DE | AW1T.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.06 | 1.65 | -1.71 |
Sortino ratioReturn per unit of downside risk | 0.13 | 2.29 | -2.16 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.43 | -2.51 |
Martin ratioReturn relative to average drawdown | -0.18 | 8.22 | -8.40 |
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
| ED3F.DE | AW1T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.65 | -1.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.50 | -1.33 |
Drawdowns
ED3F.DE vs. AW1T.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, which is greater than AW1T.DE's maximum drawdown of -14.81%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and AW1T.DE.
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Drawdown Indicators
| ED3F.DE | AW1T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -14.81% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -8.88% | -15.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.81% | — |
Current DrawdownCurrent decline from peak | -20.47% | -1.65% | -18.82% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -2.14% | -6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.36% | 2.63% | +7.73% |
Volatility
ED3F.DE vs. AW1T.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.61% compared to UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) Acc (AW1T.DE) at 3.94%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than AW1T.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 | AW1T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.61% | 3.94% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 10.46% | +12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.68% | 13.06% | +17.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.47% | 13.79% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.47% | 13.79% | +16.68% |
ED3F.DE vs. AW1T.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than AW1T.DE's 0.25% expense ratio.
Dividends
ED3F.DE vs. AW1T.DE - Dividend Comparison
Neither ED3F.DE nor AW1T.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and AW1T.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1T.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1T.DE is cheaper with a 0.25% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while AW1T.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while AW1T.DE tracks MSCI EMU Value. They also come from different issuers: Global X and UBS. Their fees differ too: 0.40% for ED3F.DE and 0.25% for AW1T.DE.
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