EDEU.DE vs. ED3F.DE
EDEU.DE (BNP Paribas Easy ESG Dividend Europe UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - EDEU.DE is a Europe Equities fund tracking the BNP Paribas High Dividend Europe ESG, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, EDEU.DE returned 19.73% vs -4.47% for ED3F.DE. At a 0.22 correlation, their price movements are largely independent. EDEU.DE charges 0.31%/yr vs 0.40%/yr for ED3F.DE.
Performance
EDEU.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDEU.DE achieves a 9.32% return, which is significantly higher than ED3F.DE's 0.02% return.
EDEU.DE
- 1D
- 0.63%
- 1M
- -0.06%
- YTD
- 9.32%
- 6M
- 11.94%
- 1Y
- 19.73%
- 3Y*
- 19.59%
- 5Y*
- 10.51%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDEU.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDEU.DE BNP Paribas Easy ESG Dividend Europe UCITS ETF | 9.32% | 10.05% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between EDEU.DE and ED3F.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 |
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Return for Risk
EDEU.DE vs. ED3F.DE — Risk / Return Rank
EDEU.DE
ED3F.DE
EDEU.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Dividend Europe UCITS ETF (EDEU.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| EDEU.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.01 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | -0.08 | +2.98 |
| Martin ratioReturn relative to average drawdown | 9.77 | -0.18 | +9.94 |
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
| EDEU.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | -0.06 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.15 | +0.22 |
Drawdowns
EDEU.DE vs. ED3F.DE - Drawdown Comparison
The maximum EDEU.DE drawdown since its inception was -47.82%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for EDEU.DE and ED3F.DE.
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Drawdown Indicators
| EDEU.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -23.91% | -23.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -23.91% | +16.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.98% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -20.80% | +18.39% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -8.37% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 10.25% | -8.14% |
Volatility
EDEU.DE vs. ED3F.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Dividend Europe UCITS ETF (EDEU.DE) is 3.38%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that EDEU.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDEU.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 10.58% | -7.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 22.80% | -14.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 30.60% | -19.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 30.42% | -15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.44% | 30.42% | -11.98% |
EDEU.DE vs. ED3F.DE - Expense Ratio Comparison
EDEU.DE has a 0.31% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
EDEU.DE vs. ED3F.DE - Dividend Comparison
Neither EDEU.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
EDEU.DE and ED3F.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.
On fees, EDEU.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDEU.DE is cheaper with a 0.31% expense ratio, compared with 0.40% for ED3F.DE.
EDEU.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. EDEU.DE tracks BNP Paribas High Dividend Europe ESG, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: BNP Paribas and Global X. Their fees differ too: 0.31% for EDEU.DE and 0.40% for ED3F.DE.
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