ESGB.L vs. DFNX.L
ESGB.L (VanEck Vectors Video Gaming and eSports UCITS ETF A USD) and DFNX.L (VanEck Defense UCITS ETF) are both exchange-traded funds - ESGB.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while DFNX.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, ESGB.L returned -14.47% vs 31.95% for DFNX.L. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
ESGB.L vs. DFNX.L - Performance Comparison
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Different Trading Currencies
ESGB.L is traded in GBP, while DFNX.L is traded in GBp. To make them comparable, the DFNX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGB.L achieves a -12.64% return, which is significantly lower than DFNX.L's 16.35% return.
ESGB.L
- 1D
- -1.17%
- 1M
- 1.55%
- 6M
- -14.55%
- YTD
- -12.64%
- 1Y
- -14.47%
- 3Y*
- 16.27%
- 5Y*
- 8.14%
- 10Y*
- —
DFNX.L
- 1D
- 0.00%
- 1M
- -9.55%
- 6M
- -5.03%
- YTD
- 16.35%
- 1Y
- 31.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGB.L vs. DFNX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGB.L VanEck Vectors Video Gaming and eSports UCITS ETF A USD | -12.64% | 18.62% | 16.87% |
DFNX.L VanEck Defense UCITS ETF | 16.35% | 45.07% | 8,360.21% |
Correlation
The correlation between ESGB.L and DFNX.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2024 | 0.46 |
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Return for Risk
ESGB.L vs. DFNX.L — Risk / Return Rank
ESGB.L
DFNX.L
ESGB.L vs. DFNX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.L) and VanEck Defense UCITS ETF (DFNX.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESGB.L | DFNX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.23 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.01 | -1.53 |
| Martin ratioReturn relative to average drawdown | -0.83 | 2.06 | -2.89 |
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Drawdowns
ESGB.L vs. DFNX.L - Drawdown Comparison
The maximum ESGB.L drawdown since its inception was -39.40%, which is greater than DFNX.L's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for ESGB.L and DFNX.L.
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Drawdown Indicators
| ESGB.L | DFNX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.40% | -31.65% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -27.68% | -31.65% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.60% | — | — |
Current DrawdownCurrent decline from peak | -24.34% | -18.13% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -13.30% | -8.52% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.34% | 15.53% | +1.81% |
Volatility
ESGB.L vs. DFNX.L - Volatility Comparison
The current volatility for VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.L) is 4.84%, while VanEck Defense UCITS ETF (DFNX.L) has a volatility of 7.56%. This indicates that ESGB.L experiences smaller price fluctuations and is considered to be less risky than DFNX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGB.L | DFNX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 7.56% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 20.10% | -6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 50.09% | -32.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 5,887.11% | -5,865.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.69% | 5,887.11% | -5,864.42% |
ESGB.L vs. DFNX.L - Expense Ratio Comparison
Both ESGB.L and DFNX.L have an expense ratio of 0.55%.
Dividends
ESGB.L vs. DFNX.L - Dividend Comparison
Neither ESGB.L nor DFNX.L has paid dividends to shareholders.
Frequently Asked Questions
ESGB.L and DFNX.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESGB.L and DFNX.L have the same expense ratio: 0.55% per year.
ESGB.L is categorized as Technology Equities, while DFNX.L is Aerospace & Defense. ESGB.L tracks MSCI World/Information Tech NR USD, while DFNX.L tracks MarketVector Global Defense Industry Index.
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