EDM4.DE vs. ED3F.DE
EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - EDM4.DE is a Europe Equities fund tracking the MSCI EMU ESG Enhanced Focus, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, EDM4.DE returned 17.25% vs -4.47% for ED3F.DE. At a 0.28 correlation, their price movements are largely independent. EDM4.DE charges 0.12%/yr vs 0.40%/yr for ED3F.DE.
Performance
EDM4.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDM4.DE achieves a 8.82% return, which is significantly higher than ED3F.DE's 0.02% return.
EDM4.DE
- 1D
- 0.51%
- 1M
- 2.53%
- YTD
- 8.82%
- 6M
- 10.65%
- 1Y
- 17.25%
- 3Y*
- 15.37%
- 5Y*
- 9.91%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EDM4.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 8.82% | 7.81% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between EDM4.DE and ED3F.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.28 |
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Return for Risk
EDM4.DE vs. ED3F.DE — Risk / Return Rank
EDM4.DE
ED3F.DE
EDM4.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.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.
| EDM4.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.08 | +1.69 |
| Martin ratioReturn relative to average drawdown | 5.81 | -0.18 | +5.99 |
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
| EDM4.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | -0.06 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.15 | +0.42 |
Drawdowns
EDM4.DE vs. ED3F.DE - Drawdown Comparison
The maximum EDM4.DE drawdown since its inception was -35.27%, 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 EDM4.DE and ED3F.DE.
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Drawdown Indicators
| EDM4.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -23.91% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -23.91% | +13.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -20.80% | +20.41% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -8.37% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 10.25% | -7.25% |
Volatility
EDM4.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) is 4.75%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that EDM4.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
| EDM4.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 10.58% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 22.80% | -10.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 30.60% | -15.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 30.42% | -14.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.07% | 30.42% | -12.35% |
EDM4.DE vs. ED3F.DE - Expense Ratio Comparison
EDM4.DE has a 0.12% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
EDM4.DE vs. ED3F.DE - Dividend Comparison
Neither EDM4.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
EDM4.DE and ED3F.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for ED3F.DE.
EDM4.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. EDM4.DE tracks MSCI EMU ESG Enhanced Focus, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.12% for EDM4.DE and 0.40% for ED3F.DE.
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