ESIH.L vs. DFEU.L
ESIH.L (iShares MSCI Europe Health Care Sector UCITS ETF) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - ESIH.L is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index. Both are passively managed. At a 0.12 correlation, their price movements are largely independent. ESIH.L charges 0.18%/yr vs 0.35%/yr for DFEU.L.
Performance
ESIH.L vs. DFEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESIH.L achieves a -2.72% return, which is significantly lower than DFEU.L's 2.00% return.
ESIH.L
- 1D
- 3.06%
- 1M
- 1.79%
- YTD
- -2.72%
- 6M
- -1.50%
- 1Y
- 8.89%
- 3Y*
- 2.83%
- 5Y*
- 5.89%
- 10Y*
- —
DFEU.L
- 1D
- 0.75%
- 1M
- -4.46%
- YTD
- 2.00%
- 6M
- 6.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIH.L vs. DFEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESIH.L iShares MSCI Europe Health Care Sector UCITS ETF | -2.72% | 13.76% |
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating | 2.00% | -14.38% |
Correlation
The correlation between ESIH.L and DFEU.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.12 |
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Return for Risk
ESIH.L vs. DFEU.L — Risk / Return Rank
ESIH.L
DFEU.L
ESIH.L vs. DFEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Health Care Sector UCITS ETF (ESIH.L) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.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.
| ESIH.L | DFEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | — | — |
| Martin ratioReturn relative to average drawdown | 1.54 | — | — |
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
| ESIH.L | DFEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | -0.42 | +0.81 |
Drawdowns
ESIH.L vs. DFEU.L - Drawdown Comparison
The maximum ESIH.L drawdown since its inception was -24.44%, which is greater than DFEU.L's maximum drawdown of -20.99%. Use the drawdown chart below to compare losses from any high point for ESIH.L and DFEU.L.
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Drawdown Indicators
| ESIH.L | DFEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -20.99% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | — | — |
Current DrawdownCurrent decline from peak | -10.94% | -15.14% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.16% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | — | — |
Volatility
ESIH.L vs. DFEU.L - Volatility Comparison
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Volatility by Period
| ESIH.L | DFEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 32.63% | -15.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 32.63% | -17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 32.63% | -17.27% |
ESIH.L vs. DFEU.L - Expense Ratio Comparison
ESIH.L has a 0.18% expense ratio, which is lower than DFEU.L's 0.35% expense ratio.
Dividends
ESIH.L vs. DFEU.L - Dividend Comparison
Neither ESIH.L nor DFEU.L has paid dividends to shareholders.
Frequently Asked Questions
ESIH.L and DFEU.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIH.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIH.L is cheaper with a 0.18% expense ratio, compared with 0.35% for DFEU.L.
ESIH.L is categorized as Health & Biotech Equities, while DFEU.L is Aerospace & Defense. ESIH.L tracks MSCI World/Health Care NR USD, while DFEU.L tracks STOXX Europe Targeted Defence Index. Their fees differ too: 0.18% for ESIH.L and 0.35% for DFEU.L.
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