FLXI.DE vs. DFEN.DE
FLXI.DE (Franklin FTSE India UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - FLXI.DE is a Asia Pacific Equities fund tracking the FTSE India 30/18 Capped, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past 3 years, FLXI.DE returned 5.67%/yr vs 34.47%/yr for DFEN.DE. At a 0.19 correlation, their price movements are largely independent. FLXI.DE charges 0.19%/yr vs 0.55%/yr for DFEN.DE.
Performance
FLXI.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLXI.DE achieves a -4.45% return, which is significantly higher than DFEN.DE's -5.88% return.
FLXI.DE
- 1D
- -0.60%
- 1M
- 3.96%
- YTD
- -4.45%
- 6M
- -5.34%
- 1Y
- -6.72%
- 3Y*
- 5.67%
- 5Y*
- 6.23%
- 10Y*
- —
DFEN.DE
- 1D
- -2.69%
- 1M
- -11.60%
- YTD
- -5.88%
- 6M
- -6.70%
- 1Y
- 4.22%
- 3Y*
- 34.47%
- 5Y*
- —
- 10Y*
- —
FLXI.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLXI.DE Franklin FTSE India UCITS ETF | -4.45% | -8.72% | 16.97% | 26.98% |
DFEN.DE VanEck Defense UCITS ETF A | -5.88% | 50.76% | 51.97% | 22.65% |
Correlation
The correlation between FLXI.DE and DFEN.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.19 |
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Return for Risk
FLXI.DE vs. DFEN.DE — Risk / Return Rank
FLXI.DE
DFEN.DE
FLXI.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India UCITS ETF (FLXI.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.
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.
| FLXI.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.05 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 0.18 | -0.58 |
| Martin ratioReturn relative to average drawdown | -0.86 | 0.47 | -1.33 |
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Drawdowns
FLXI.DE vs. DFEN.DE - Drawdown Comparison
The maximum FLXI.DE drawdown since its inception was -40.58%, which is greater than DFEN.DE's maximum drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for FLXI.DE and DFEN.DE.
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Drawdown Indicators
| FLXI.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -23.28% | -17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.84% | -23.28% | +6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -23.28% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | — | — |
Current DrawdownCurrent decline from peak | -17.03% | -23.28% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -3.43% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.83% | 8.92% | -1.09% |
Volatility
FLXI.DE vs. DFEN.DE - Volatility Comparison
The current volatility for Franklin FTSE India UCITS ETF (FLXI.DE) is 4.31%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.77%. This indicates that FLXI.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.
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Volatility by Period
| FLXI.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 7.77% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 19.82% | -7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 25.35% | -10.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 21.32% | -5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 21.32% | -1.38% |
FLXI.DE vs. DFEN.DE - Expense Ratio Comparison
FLXI.DE has a 0.19% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
FLXI.DE vs. DFEN.DE - Dividend Comparison
Neither FLXI.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
FLXI.DE and DFEN.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXI.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXI.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for DFEN.DE.
FLXI.DE is categorized as Asia Pacific Equities, while DFEN.DE is Aerospace & Defense. FLXI.DE tracks FTSE India 30/18 Capped, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Franklin Templeton and VanEck. Their fees differ too: 0.19% for FLXI.DE and 0.55% for DFEN.DE.
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