EQAC.MI vs. DFEN.DE
EQAC.MI (Invesco EQQQ NASDAQ-100 UCITS ETF Acc) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - EQAC.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, EQAC.MI returned 37.86% vs 14.03% for DFEN.DE. At a 0.45 correlation, their price movements are largely independent. EQAC.MI charges 0.30%/yr vs 0.55%/yr for DFEN.DE.
Performance
EQAC.MI vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EQAC.MI achieves a 20.38% return, which is significantly higher than DFEN.DE's 4.02% return.
EQAC.MI
- 1D
- -0.78%
- 1M
- 9.28%
- YTD
- 20.38%
- 6M
- 19.41%
- 1Y
- 37.86%
- 3Y*
- 24.54%
- 5Y*
- 18.68%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EQAC.MI vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EQAC.MI Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 20.38% | 6.78% | 35.08% | 10.46% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between EQAC.MI and DFEN.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.45 |
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Return for Risk
EQAC.MI vs. DFEN.DE — Risk / Return Rank
EQAC.MI
DFEN.DE
EQAC.MI vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) and VanEck Defense UCITS ETF A (DFEN.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.
| EQAC.MI | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.11 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 0.75 | +3.04 |
| Martin ratioReturn relative to average drawdown | 11.32 | 1.81 | +9.51 |
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
| EQAC.MI | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 0.56 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 1.75 | -0.70 |
Drawdowns
EQAC.MI vs. DFEN.DE - Drawdown Comparison
The maximum EQAC.MI drawdown since its inception was -30.96%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for EQAC.MI and DFEN.DE.
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Drawdown Indicators
| EQAC.MI | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -18.60% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -18.60% | +8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -15.21% | +14.43% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -3.27% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 7.72% | -4.38% |
Volatility
EQAC.MI vs. DFEN.DE - Volatility Comparison
The current volatility for Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) is 4.33%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that EQAC.MI experiences smaller price fluctuations and is considered to be less risky than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQAC.MI | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 7.38% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 19.16% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 24.79% | -9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 21.47% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 21.47% | -0.24% |
EQAC.MI vs. DFEN.DE - Expense Ratio Comparison
EQAC.MI has a 0.30% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
EQAC.MI vs. DFEN.DE - Dividend Comparison
Neither EQAC.MI nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
EQAC.MI and DFEN.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQAC.MI is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQAC.MI is cheaper with a 0.30% expense ratio, compared with 0.55% for DFEN.DE.
EQAC.MI is categorized as Nasdaq-100, while DFEN.DE is Aerospace & Defense. EQAC.MI tracks NASDAQ-100 Index, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.30% for EQAC.MI and 0.55% for DFEN.DE.
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