ESIE.DE vs. DFEN.DE
ESIE.DE (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - ESIE.DE is a Energy Equities fund tracking the MSCI World/Energy NR USD, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, ESIE.DE returned 55.16% vs 14.03% for DFEN.DE. At a 0.18 correlation, their price movements are largely independent. ESIE.DE charges 0.18%/yr vs 0.55%/yr for DFEN.DE.
Performance
ESIE.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIE.DE achieves a 35.70% return, which is significantly higher than DFEN.DE's 4.02% return.
ESIE.DE
- 1D
- -1.24%
- 1M
- -2.61%
- YTD
- 35.70%
- 6M
- 31.40%
- 1Y
- 55.16%
- 3Y*
- 17.75%
- 5Y*
- 19.66%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIE.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESIE.DE iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.70% | 15.26% | -6.63% | 10.37% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between ESIE.DE and DFEN.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.18 |
The correlation between ESIE.DE and DFEN.DE shifts across timeframes, from 0.05 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIE.DE vs. DFEN.DE — Risk / Return Rank
ESIE.DE
DFEN.DE
ESIE.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.DE) 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.
| ESIE.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 0.75 | +3.70 |
| Martin ratioReturn relative to average drawdown | 14.31 | 1.81 | +12.50 |
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
| ESIE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 0.56 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.75 | -0.83 |
Drawdowns
ESIE.DE vs. DFEN.DE - Drawdown Comparison
The maximum ESIE.DE drawdown since its inception was -26.20%, 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 ESIE.DE and DFEN.DE.
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Drawdown Indicators
| ESIE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.20% | -18.60% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -18.60% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.20% | — | — |
Current DrawdownCurrent decline from peak | -6.72% | -15.21% | +8.49% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -3.27% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 7.72% | -3.88% |
Volatility
ESIE.DE vs. DFEN.DE - Volatility Comparison
iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.DE) and VanEck Defense UCITS ETF A (DFEN.DE) have volatilities of 7.06% and 7.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 7.38% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 19.16% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.89% | 24.79% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 21.47% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.16% | 21.47% | +2.69% |
ESIE.DE vs. DFEN.DE - Expense Ratio Comparison
ESIE.DE has a 0.18% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
ESIE.DE vs. DFEN.DE - Dividend Comparison
Neither ESIE.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIE.DE and DFEN.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIE.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for DFEN.DE.
ESIE.DE is categorized as Energy Equities, while DFEN.DE is Aerospace & Defense. ESIE.DE tracks MSCI World/Energy NR USD, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.18% for ESIE.DE and 0.55% for DFEN.DE.
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