ESPO vs. DFND.AS

Last updated Jun 14, 2026

ESPO (VanEck Vectors Video Gaming and eSports ETF) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Both are passively managed. At a 0.11 correlation, their price movements are largely independent. ESPO charges 0.55%/yr vs 0.35%/yr for DFND.AS.

Performance

ESPO vs. DFND.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Video Gaming and eSports ETF (ESPO) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESPO

• 1D: -0.29%
• 1M: -2.74%
• YTD: -15.10%
• 6M: -16.17%
• 1Y: -14.01%
• 3Y*: 16.96%
• 5Y*: 5.49%
• 10Y*: —

DFND.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESPO vs. DFND.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ESPO VanEck Vectors Video Gaming and eSports ETF	-15.10%	25.79%	35.77%
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%	16.29%

Correlation

The correlation between ESPO and DFND.AS is 0.11, 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 Feb 16, 2024	0.11

Return for Risk

ESPO vs. DFND.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESPO

ESPO Risk / Return Rank: 4
ESPO Sharpe Ratio Rank: 3
ESPO Sortino Ratio Rank: 4
ESPO Omega Ratio Rank: 4
ESPO Calmar Ratio Rank: 5
ESPO Martin Ratio Rank: 5

DFND.AS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESPO vs. DFND.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). 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.

	ESPO	DFND.AS	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	—	—
Sortino ratio: Return per unit of downside risk	-1.02	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.54	—	—
Martin ratio: Return relative to average drawdown	-0.94	—	—

Drawdowns

Drawdown Indicators

	ESPO	DFND.AS	Difference
Max Drawdown Largest peak-to-trough decline	-50.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-27.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.33%	—	—
Current Drawdown Current decline from peak	-27.19%	—	—
Average Drawdown Average peak-to-trough decline	-15.06%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.95%	—	—

Volatility

Volatility by Period

	ESPO	DFND.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.10%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.71%	—	—

ESPO vs. DFND.AS - Expense Ratio Comparison

ESPO has a 0.55% expense ratio, which is higher than DFND.AS's 0.35% expense ratio.

Dividends

ESPO vs. DFND.AS - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.47%, while DFND.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ESPO VanEck Vectors Video Gaming and eSports ETF	1.47%	1.24%	0.44%	0.96%	0.91%	3.36%	0.12%	0.22%	0.04%

Frequently Asked Questions

Can I hold both ESPO and DFND.AS in my portfolio?

ESPO and DFND.AS have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPO or DFND.AS?

On fees, DFND.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESPO or DFND.AS?

DFND.AS is cheaper with a 0.35% expense ratio, compared with 0.55% for ESPO.

What is the main difference between ESPO and DFND.AS?

ESPO is categorized as Large Cap Growth Equities, while DFND.AS is Industrials Equities. ESPO tracks MVIS Global Video Gaming and eSports Index, while DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.55% for ESPO and 0.35% for DFND.AS.