ED3F.DE vs. VALU.DE

Last updated Jun 4, 2026

ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and VALU.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while VALU.DE is a Europe Equities fund tracking the BNP Paribas Value Europe ESG. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 17.82% for VALU.DE. At a 0.22 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.30%/yr for VALU.DE.

Performance

ED3F.DE vs. VALU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ED3F.DE achieves a 0.44% return, which is significantly lower than VALU.DE's 9.58% return.

ED3F.DE

• 1D: -1.78%
• 1M: -6.98%
• YTD: 0.44%
• 6M: 6.18%
• 1Y: -1.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VALU.DE

• 1D: -0.67%
• 1M: 2.09%
• YTD: 9.58%
• 6M: 13.69%
• 1Y: 17.82%
• 3Y*: 16.24%
• 5Y*: 7.64%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ED3F.DE vs. VALU.DE - Yearly Performance Comparison

	2026 (YTD)	2025
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.44%	4.82%
VALU.DE BNP Paribas Easy ESG Value Europe UCITS ETF	9.58%	7.89%

Correlation

The correlation between ED3F.DE and VALU.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.22

Return for Risk

ED3F.DE vs. VALU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ED3F.DE

ED3F.DE Risk / Return Rank: 8
ED3F.DE Sharpe Ratio Rank: 8
ED3F.DE Sortino Ratio Rank: 9
ED3F.DE Omega Ratio Rank: 9
ED3F.DE Calmar Ratio Rank: 8
ED3F.DE Martin Ratio Rank: 8

VALU.DE

VALU.DE Risk / Return Rank: 46
VALU.DE Sharpe Ratio Rank: 45
VALU.DE Sortino Ratio Rank: 45
VALU.DE Omega Ratio Rank: 46
VALU.DE Calmar Ratio Rank: 47
VALU.DE Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ED3F.DE vs. VALU.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 BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.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	VALU.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.06	1.55	-1.61
Sortino ratio Return per unit of downside risk	0.13	2.21	-2.08
Omega ratio Gain probability vs. loss probability	1.01	1.29	-0.27
Calmar ratio Return relative to maximum drawdown	-0.08	2.30	-2.38
Martin ratio Return relative to average drawdown	-0.18	7.93	-8.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ED3F.DE vs. VALU.DE - Sharpe Ratio Comparison

The current ED3F.DE Sharpe Ratio is -0.06, which is lower than the VALU.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ED3F.DE and VALU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ED3F.DE	VALU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.06	1.55	-1.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.48	-0.31

Drawdowns

ED3F.DE vs. VALU.DE - Drawdown Comparison

The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum VALU.DE drawdown of -41.04%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and VALU.DE.

Drawdown Indicators

	ED3F.DE	VALU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.91%	-41.04%	+17.13%
Max Drawdown (1Y) Largest decline over 1 year	-23.91%	-7.71%	-16.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.19%	—
Current Drawdown Current decline from peak	-20.47%	-1.71%	-18.76%
Average Drawdown Average peak-to-trough decline	-8.33%	-7.89%	-0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.36%	2.24%	+8.12%

Volatility

ED3F.DE vs. VALU.DE - Volatility Comparison

Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.61% compared to BNP Paribas Easy ESG Value Europe UCITS ETF (VALU.DE) at 4.21%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than VALU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ED3F.DE	VALU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	4.21%	+6.40%
Volatility (6M) Calculated over the trailing 6-month period	22.81%	9.18%	+13.63%
Volatility (1Y) Calculated over the trailing 1-year period	30.68%	11.47%	+19.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.47%	14.43%	+16.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.47%	15.76%	+14.71%

ED3F.DE vs. VALU.DE - Expense Ratio Comparison

ED3F.DE has a 0.40% expense ratio, which is higher than VALU.DE's 0.30% expense ratio.

Dividends

ED3F.DE vs. VALU.DE - Dividend Comparison

Neither ED3F.DE nor VALU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ED3F.DE and VALU.DE in my portfolio?

ED3F.DE and VALU.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ED3F.DE or VALU.DE?

On fees, VALU.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ED3F.DE or VALU.DE?

VALU.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.

What is the main difference between ED3F.DE and VALU.DE?

ED3F.DE is categorized as Aerospace & Defense, while VALU.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while VALU.DE tracks BNP Paribas Value Europe ESG. They also come from different issuers: Global X and BNP Paribas. Their fees differ too: 0.40% for ED3F.DE and 0.30% for VALU.DE.