ESIS.DE vs. DFNS.L
ESIS.DE (iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc)) and DFNS.L (VanEck Defense UCITS ETF) are both exchange-traded funds - ESIS.DE is a Consumer Staples Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while DFNS.L is a Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index. Both are passively managed. Over the past 3 years, ESIS.DE returned -0.30%/yr vs 39.14%/yr for DFNS.L. At a 0.06 correlation, their price movements are largely independent. ESIS.DE charges 0.18%/yr vs 0.55%/yr for DFNS.L.
Performance
ESIS.DE vs. DFNS.L - Performance Comparison
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Different Trading Currencies
ESIS.DE is traded in EUR, while DFNS.L is traded in USD. To make them comparable, the DFNS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIS.DE achieves a -1.50% return, which is significantly lower than DFNS.L's 4.57% return.
ESIS.DE
- 1D
- -0.44%
- 1M
- -0.58%
- YTD
- -1.50%
- 6M
- -1.76%
- 1Y
- -4.64%
- 3Y*
- -0.30%
- 5Y*
- 0.75%
- 10Y*
- —
DFNS.L
- 1D
- 0.35%
- 1M
- -3.71%
- YTD
- 4.57%
- 6M
- 7.03%
- 1Y
- 14.19%
- 3Y*
- 39.14%
- 5Y*
- —
- 10Y*
- —
ESIS.DE vs. DFNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESIS.DE iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) | -1.50% | 6.81% | -2.47% | -6.10% |
DFNS.L VanEck Defense UCITS ETF | 4.57% | 48.25% | 53.23% | 24.25% |
Correlation
The correlation between ESIS.DE and DFNS.L 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.06 |
The correlation between ESIS.DE and DFNS.L shifts across timeframes, from -0.05 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESIS.DE vs. DFNS.L — Risk / Return Rank
ESIS.DE
DFNS.L
ESIS.DE vs. DFNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) (ESIS.DE) and VanEck Defense UCITS ETF (DFNS.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.
| ESIS.DE | DFNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.11 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.75 | -1.12 |
| Martin ratioReturn relative to average drawdown | -0.77 | 1.82 | -2.59 |
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
| ESIS.DE | DFNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 0.56 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.89 | -1.67 |
Drawdowns
ESIS.DE vs. DFNS.L - Drawdown Comparison
The maximum ESIS.DE drawdown since its inception was -15.05%, smaller than the maximum DFNS.L drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for ESIS.DE and DFNS.L.
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Drawdown Indicators
| ESIS.DE | DFNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.05% | -18.64% | +3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -18.64% | +5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -18.64% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.05% | — | — |
Current DrawdownCurrent decline from peak | -11.44% | -15.22% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -3.17% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 7.73% | -1.73% |
Volatility
ESIS.DE vs. DFNS.L - Volatility Comparison
The current volatility for iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc) (ESIS.DE) is 4.80%, while VanEck Defense UCITS ETF (DFNS.L) has a volatility of 7.88%. This indicates that ESIS.DE experiences smaller price fluctuations and is considered to be less risky than DFNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIS.DE | DFNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 7.88% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 19.45% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 24.98% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 21.47% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 21.47% | -8.51% |
ESIS.DE vs. DFNS.L - Expense Ratio Comparison
ESIS.DE has a 0.18% expense ratio, which is lower than DFNS.L's 0.55% expense ratio.
Dividends
ESIS.DE vs. DFNS.L - Dividend Comparison
Neither ESIS.DE nor DFNS.L has paid dividends to shareholders.
Frequently Asked Questions
ESIS.DE and DFNS.L 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, ESIS.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIS.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for DFNS.L.
ESIS.DE is categorized as Consumer Staples Equities, while DFNS.L is Aerospace & Defense. ESIS.DE tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while DFNS.L tracks MarketVector™ Global Defense Industry Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.18% for ESIS.DE and 0.55% for DFNS.L.
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