EXH4.DE vs. DFEN.DE
EXH4.DE (iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE)) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - EXH4.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Industrial Goods & Services, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, EXH4.DE returned 14.50% vs 14.03% for DFEN.DE. A 0.54 correlation means they provide meaningful diversification when combined. EXH4.DE charges 0.46%/yr vs 0.55%/yr for DFEN.DE.
Performance
EXH4.DE vs. DFEN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EXH4.DE achieves a 8.61% return, which is significantly higher than DFEN.DE's 4.02% return.
EXH4.DE
- 1D
- 0.57%
- 1M
- 1.72%
- YTD
- 8.61%
- 6M
- 10.71%
- 1Y
- 14.50%
- 3Y*
- 17.96%
- 5Y*
- 11.25%
- 10Y*
- 12.08%
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXH4.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EXH4.DE iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) | 8.61% | 23.72% | 14.66% | 5.02% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between EXH4.DE and DFEN.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.54 |
The correlation between EXH4.DE and DFEN.DE has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EXH4.DE vs. DFEN.DE — Risk / Return Rank
EXH4.DE
DFEN.DE
EXH4.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) (EXH4.DE) 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.
| EXH4.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.75 | +0.34 |
| Martin ratioReturn relative to average drawdown | 3.91 | 1.81 | +2.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EXH4.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.56 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.75 | -1.28 |
Drawdowns
EXH4.DE vs. DFEN.DE - Drawdown Comparison
The maximum EXH4.DE drawdown since its inception was -60.02%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for EXH4.DE and DFEN.DE.
Loading charts...
Drawdown Indicators
| EXH4.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.02% | -18.60% | -41.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.28% | -18.60% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.94% | — | — |
Current DrawdownCurrent decline from peak | -1.40% | -15.21% | +13.81% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -3.27% | -6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 7.72% | -4.03% |
Volatility
EXH4.DE vs. DFEN.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) (EXH4.DE) is 6.36%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that EXH4.DE experiences smaller price fluctuations and is considered to be less risky than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXH4.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 7.38% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 19.16% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 24.79% | -5.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.66% | 21.47% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 21.47% | -1.54% |
EXH4.DE vs. DFEN.DE - Expense Ratio Comparison
EXH4.DE has a 0.46% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
EXH4.DE vs. DFEN.DE - Dividend Comparison
EXH4.DE's dividend yield for the trailing twelve months is around 1.18%, 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% |
EXH4.DE iShares STOXX Europe 600 Industrial Goods & Services UCITS ETF (DE) | 1.18% | 1.31% | 1.51% | 1.72% | 1.68% | 1.08% | 0.85% | 1.69% | 1.67% | 2.38% | 2.10% | 2.79% |
Frequently Asked Questions
EXH4.DE and DFEN.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXH4.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXH4.DE is cheaper with a 0.46% expense ratio, compared with 0.55% for DFEN.DE.
EXH4.DE is categorized as Industrials Equities, while DFEN.DE is Aerospace & Defense. EXH4.DE tracks STOXX® Europe 600 Industrial Goods & Services, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.46% for EXH4.DE and 0.55% for DFEN.DE.
Find the right allocation for EXH4.DE and DFEN.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer