FLUD vs. DFEN.DE
FLUD (Franklin Ultra Short Bond ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. FLUD is actively managed, while DFEN.DE is passively managed. Over the past year, FLUD returned 4.60% vs 15.81% for DFEN.DE. At a 0.03 correlation, their price movements are largely independent. FLUD charges 0.15%/yr vs 0.55%/yr for DFEN.DE.
Performance
FLUD vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
FLUD 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, FLUD achieves a 1.53% return, which is significantly lower than DFEN.DE's 2.46% return.
FLUD
- 1D
- 0.09%
- 1M
- 0.41%
- YTD
- 1.53%
- 6M
- 1.88%
- 1Y
- 4.60%
- 3Y*
- 5.33%
- 5Y*
- 3.63%
- 10Y*
- —
DFEN.DE
- 1D
- -1.67%
- 1M
- -5.18%
- YTD
- 2.46%
- 6M
- 8.65%
- 1Y
- 15.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLUD vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 1.53% | 5.36% | 5.44% | 3.34% |
DFEN.DE VanEck Defense UCITS ETF A | 2.46% | 70.20% | 43.28% | 9.83% |
Correlation
The correlation between FLUD and DFEN.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.03 |
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Return for Risk
FLUD vs. DFEN.DE — Risk / Return Rank
FLUD
DFEN.DE
FLUD vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) 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.
| FLUD | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.12 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 10.55 | 0.84 | +9.71 |
| Martin ratioReturn relative to average drawdown | 41.82 | 2.11 | +39.71 |
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
| FLUD | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 0.63 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.59 | 1.84 | +0.75 |
Drawdowns
FLUD vs. DFEN.DE - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, smaller than the maximum DFEN.DE drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FLUD and DFEN.DE.
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Drawdown Indicators
| FLUD | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -18.74% | +17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -18.74% | +18.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -15.76% | +15.76% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -3.53% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 7.47% | -7.36% |
Volatility
FLUD vs. DFEN.DE - Volatility Comparison
The current volatility for Franklin Ultra Short Bond ETF (FLUD) is 0.33%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.47%. This indicates that FLUD 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.
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Volatility by Period
| FLUD | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 7.47% | -7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 19.44% | -18.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.68% | 25.04% | -23.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 21.97% | -20.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.26% | 21.97% | -20.71% |
FLUD vs. DFEN.DE - Expense Ratio Comparison
FLUD has a 0.15% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
FLUD vs. DFEN.DE - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.27%, while DFEN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLUD Franklin Ultra Short Bond ETF | 4.27% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% |
Frequently Asked Questions
FLUD and DFEN.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLUD is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLUD is cheaper with a 0.15% expense ratio, compared with 0.55% for DFEN.DE.
FLUD is categorized as Ultrashort Bond, while DFEN.DE is Aerospace & Defense. They also come from different issuers: Franklin Templeton and VanEck. Their fees differ too: 0.15% for FLUD and 0.55% for DFEN.DE.
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