ESIN.DE vs. DFEN.DE
ESIN.DE (iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - ESIN.DE is a Industrials Equities fund tracking the MSCI World/Materials 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, ESIN.DE returned 15.27% vs 14.03% for DFEN.DE. A 0.51 correlation means they provide meaningful diversification when combined. ESIN.DE charges 0.18%/yr vs 0.55%/yr for DFEN.DE.
Performance
ESIN.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIN.DE achieves a 8.75% return, which is significantly higher than DFEN.DE's 4.02% return.
ESIN.DE
- 1D
- 0.51%
- 1M
- 0.39%
- YTD
- 8.75%
- 6M
- 11.05%
- 1Y
- 15.27%
- 3Y*
- 19.52%
- 5Y*
- 12.86%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESIN.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESIN.DE iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) | 8.75% | 25.30% | 14.45% | 8.31% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between ESIN.DE and DFEN.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.51 |
The correlation between ESIN.DE and DFEN.DE has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
ESIN.DE vs. DFEN.DE — Risk / Return Rank
ESIN.DE
DFEN.DE
ESIN.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.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.
| ESIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 0.75 | +0.41 |
| Martin ratioReturn relative to average drawdown | 4.21 | 1.81 | +2.40 |
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
| ESIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.56 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 1.75 | -1.06 |
Drawdowns
ESIN.DE vs. DFEN.DE - Drawdown Comparison
The maximum ESIN.DE drawdown since its inception was -29.12%, 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 ESIN.DE and DFEN.DE.
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Drawdown Indicators
| ESIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.12% | -18.60% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -18.60% | +5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -15.21% | +12.52% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -3.27% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 7.72% | -4.11% |
Volatility
ESIN.DE vs. DFEN.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE) is 6.37%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that ESIN.DE 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
| ESIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 7.38% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 19.16% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 24.79% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 21.47% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 21.47% | -2.66% |
ESIN.DE vs. DFEN.DE - Expense Ratio Comparison
ESIN.DE has a 0.18% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
ESIN.DE vs. DFEN.DE - Dividend Comparison
Neither ESIN.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIN.DE and DFEN.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIN.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for DFEN.DE.
ESIN.DE is categorized as Industrials Equities, while DFEN.DE is Aerospace & Defense. ESIN.DE tracks MSCI World/Materials 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 ESIN.DE and 0.55% for DFEN.DE.
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