EUDF.DE vs. DFNC.DE
EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) and DFNC.DE (iShares Europe Defence UCITS ETF EUR Acc) are both Aerospace & Defense funds - EUDF.DE tracks the WisdomTree Europe Defence UCITS Index (NTR) while DFNC.DE tracks the STOXX Europe Targeted Defence Index. Both are passively managed. Over the past year, EUDF.DE returned -5.22% vs -4.19% for DFNC.DE. With a 0.98 correlation, they move nearly in lockstep. EUDF.DE charges 0.40%/yr vs 0.35%/yr for DFNC.DE.
Performance
EUDF.DE vs. DFNC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUDF.DE achieves a 1.28% return, which is significantly lower than DFNC.DE's 2.92% return.
EUDF.DE
- 1D
- -1.17%
- 1M
- -3.08%
- YTD
- 1.28%
- 6M
- 5.13%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNC.DE
- 1D
- -1.34%
- 1M
- -4.02%
- YTD
- 2.92%
- 6M
- 8.44%
- 1Y
- -4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUDF.DE vs. DFNC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 1.28% | -5.44% |
DFNC.DE iShares Europe Defence UCITS ETF EUR Acc | 2.92% | -5.19% |
Correlation
The correlation between EUDF.DE and DFNC.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | 0.98 |
The correlation between EUDF.DE and DFNC.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
EUDF.DE vs. DFNC.DE — Risk / Return Rank
EUDF.DE
DFNC.DE
EUDF.DE vs. DFNC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) and iShares Europe Defence UCITS ETF EUR Acc (DFNC.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.
| EUDF.DE | DFNC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.00 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.21 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.45 | -0.15 |
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
| EUDF.DE | DFNC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.14 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | -0.08 | +0.60 |
Drawdowns
EUDF.DE vs. DFNC.DE - Drawdown Comparison
The maximum EUDF.DE drawdown since its inception was -19.51%, roughly equal to the maximum DFNC.DE drawdown of -20.23%. Use the drawdown chart below to compare losses from any high point for EUDF.DE and DFNC.DE.
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Drawdown Indicators
| EUDF.DE | DFNC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -20.23% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -19.51% | -20.23% | +0.72% |
Current DrawdownCurrent decline from peak | -15.08% | -15.08% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -7.69% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 9.25% | -0.64% |
Volatility
EUDF.DE vs. DFNC.DE - Volatility Comparison
WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) and iShares Europe Defence UCITS ETF EUR Acc (DFNC.DE) have volatilities of 10.29% and 10.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUDF.DE | DFNC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 10.38% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 22.51% | 23.32% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 30.32% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.93% | 30.16% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.93% | 30.16% | +0.77% |
EUDF.DE vs. DFNC.DE - Expense Ratio Comparison
EUDF.DE has a 0.40% expense ratio, which is higher than DFNC.DE's 0.35% expense ratio.
Dividends
EUDF.DE vs. DFNC.DE - Dividend Comparison
Neither EUDF.DE nor DFNC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, EUDF.DE and DFNC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DFNC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFNC.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for EUDF.DE.
EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR), while DFNC.DE tracks STOXX Europe Targeted Defence Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for EUDF.DE and 0.35% for DFNC.DE.
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