ESLT vs. DFEN.DE
ESLT (Elbit Systems Ltd) is a stock, while DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Over the past 3 years, ESLT returned 60.86%/yr vs 40.64%/yr for DFEN.DE. At a 0.34 correlation, their price movements are largely independent.
Performance
ESLT vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
ESLT is traded in USD, while DFEN.DE is traded in EUR. To make them comparable, the DFEN.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly higher than DFEN.DE's 1.46% return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
DFEN.DE
- 1D
- 0.49%
- 1M
- 1.00%
- YTD
- 1.46%
- 6M
- 2.92%
- 1Y
- 13.94%
- 3Y*
- 40.64%
- 5Y*
- —
- 10Y*
- —
ESLT vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 22.67% |
DFEN.DE VanEck Defense UCITS ETF A | 1.46% | 70.20% | 43.28% | 24.17% |
Correlation
The correlation between ESLT and DFEN.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.34 |
The correlation between ESLT and DFEN.DE shifts across timeframes, from 0.34 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESLT vs. DFEN.DE — Risk / Return Rank
ESLT
DFEN.DE
ESLT vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) 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.
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.
| ESLT | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.11 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 0.71 | +3.12 |
| Martin ratioReturn relative to average drawdown | 10.61 | 1.73 | +8.88 |
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Drawdowns
ESLT vs. DFEN.DE - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, which is greater than DFEN.DE's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for ESLT and DFEN.DE.
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Drawdown Indicators
| ESLT | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -19.59% | -34.20% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -19.59% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -19.59% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | — | — |
Current DrawdownCurrent decline from peak | -15.71% | -16.58% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -3.51% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 8.02% | +1.34% |
Volatility
ESLT vs. DFEN.DE - Volatility Comparison
Elbit Systems Ltd (ESLT) has a higher volatility of 19.89% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.93%. This indicates that ESLT's price experiences larger fluctuations and is considered to be riskier 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
| ESLT | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 7.93% | +11.96% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 19.89% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 25.41% | +18.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 21.76% | +11.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 21.76% | +7.66% |
Dividends
ESLT vs. DFEN.DE - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, while DFEN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
Frequently Asked Questions
ESLT and DFEN.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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