EUDF.DE vs. ED3F.DE
EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both Aerospace & Defense funds - EUDF.DE tracks the WisdomTree Europe Defence UCITS Index (NTR) while ED3F.DE tracks the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, EUDF.DE returned -5.22% vs -1.88% for ED3F.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
EUDF.DE vs. ED3F.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 higher than ED3F.DE's 0.44% return.
EUDF.DE
- 1D
- -1.17%
- 1M
- -3.08%
- YTD
- 1.28%
- 6M
- 5.13%
- 1Y
- -5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -1.78%
- 1M
- -6.98%
- YTD
- 0.44%
- 6M
- 6.18%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUDF.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 1.28% | -0.54% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.44% | 4.82% |
Correlation
The correlation between EUDF.DE and ED3F.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.93 |
The correlation between EUDF.DE and ED3F.DE has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
EUDF.DE vs. ED3F.DE — Risk / Return Rank
EUDF.DE
ED3F.DE
EUDF.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.08 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.61 | -0.18 | -0.42 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | -0.06 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.17 | +0.35 |
Drawdowns
EUDF.DE vs. ED3F.DE - Drawdown Comparison
The maximum EUDF.DE drawdown since its inception was -19.51%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for EUDF.DE and ED3F.DE.
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Drawdown Indicators
| EUDF.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -23.91% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -19.51% | -23.91% | +4.40% |
Current DrawdownCurrent decline from peak | -15.08% | -20.47% | +5.39% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -8.33% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.61% | 10.36% | -1.75% |
Volatility
EUDF.DE vs. ED3F.DE - Volatility Comparison
WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) have volatilities of 10.29% and 10.61%, 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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 10.61% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 22.51% | 22.81% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.17% | 30.68% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.93% | 30.47% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.93% | 30.47% | +0.46% |
EUDF.DE vs. ED3F.DE - Expense Ratio Comparison
Both EUDF.DE and ED3F.DE have an expense ratio of 0.40%.
Dividends
EUDF.DE vs. ED3F.DE - Dividend Comparison
Neither EUDF.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, EUDF.DE and ED3F.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.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUDF.DE and ED3F.DE have the same expense ratio: 0.40% per year.
EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR), while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: WisdomTree and Global X.
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