ED3F.DE vs. EUPE.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while EUPE.DE is a Europe Equities fund tracking the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 24.52% for EUPE.DE. At a 0.07 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.65%/yr for EUPE.DE.
Performance
ED3F.DE vs. EUPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.02% return, which is significantly lower than EUPE.DE's 15.44% return.
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUPE.DE
- 1D
- 0.35%
- 1M
- 2.78%
- YTD
- 15.44%
- 6M
- 15.60%
- 1Y
- 24.52%
- 3Y*
- 11.71%
- 5Y*
- 8.60%
- 10Y*
- 8.97%
ED3F.DE vs. EUPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 15.44% | 7.39% |
Correlation
The correlation between ED3F.DE and EUPE.DE is 0.08, 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 | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.07 |
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Return for Risk
ED3F.DE vs. EUPE.DE — Risk / Return Rank
ED3F.DE
EUPE.DE
ED3F.DE vs. EUPE.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 Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 4.19 | -4.27 |
| Martin ratioReturn relative to average drawdown | -0.18 | 11.50 | -11.68 |
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 | EUPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 2.17 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.46 | -0.31 |
Drawdowns
ED3F.DE vs. EUPE.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum EUPE.DE drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and EUPE.DE.
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Drawdown Indicators
| ED3F.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -32.64% | +8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -5.82% | -18.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -20.80% | -3.04% | -17.76% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -4.95% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.25% | 2.13% | +8.12% |
Volatility
ED3F.DE vs. EUPE.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.58% compared to Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.64%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 3.64% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 8.56% | +14.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 11.27% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.42% | 13.17% | +17.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.42% | 14.99% | +15.43% |
ED3F.DE vs. EUPE.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.
Dividends
ED3F.DE vs. EUPE.DE - Dividend Comparison
Neither ED3F.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and EUPE.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for EUPE.DE.
ED3F.DE is categorized as Aerospace & Defense, while EUPE.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: Global X and Natixis. Their fees differ too: 0.40% for ED3F.DE and 0.65% for EUPE.DE.
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