ES50.DE vs. ED3F.DE
ES50.DE (iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc)) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - ES50.DE is a Europe Equities fund tracking the EURO STOXX 50 ESG Index, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, ES50.DE returned 19.03% vs -1.88% for ED3F.DE. At a 0.26 correlation, their price movements are largely independent. ES50.DE charges 0.10%/yr vs 0.40%/yr for ED3F.DE.
Performance
ES50.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ES50.DE achieves a 8.46% return, which is significantly higher than ED3F.DE's 0.02% return.
ES50.DE
- 1D
- 0.43%
- 1M
- 5.28%
- YTD
- 8.46%
- 6M
- 10.04%
- 1Y
- 19.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ES50.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ES50.DE iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) | 8.46% | 8.97% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between ES50.DE and ED3F.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.26 |
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Return for Risk
ES50.DE vs. ED3F.DE — Risk / Return Rank
ES50.DE
ED3F.DE
ES50.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) (ES50.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.
| ES50.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.08 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.62 | -0.18 | +5.80 |
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
| ES50.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.06 | +1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.15 | +1.05 |
Drawdowns
ES50.DE vs. ED3F.DE - Drawdown Comparison
The maximum ES50.DE drawdown since its inception was -15.53%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for ES50.DE and ED3F.DE.
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Drawdown Indicators
| ES50.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.53% | -23.91% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.70% | -23.91% | +12.21% |
Current DrawdownCurrent decline from peak | -0.44% | -20.80% | +20.36% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -8.37% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 10.25% | -6.87% |
Volatility
ES50.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc) (ES50.DE) is 5.08%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that ES50.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
| ES50.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 10.58% | -5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 22.80% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 30.60% | -13.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 30.42% | -14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 30.42% | -14.66% |
ES50.DE vs. ED3F.DE - Expense Ratio Comparison
ES50.DE has a 0.10% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
ES50.DE vs. ED3F.DE - Dividend Comparison
Neither ES50.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
ES50.DE and ED3F.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ES50.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ES50.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for ED3F.DE.
ES50.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. ES50.DE tracks EURO STOXX 50 ESG Index, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for ES50.DE and 0.40% for ED3F.DE.
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