FTGE.DE vs. ED3F.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - FTGE.DE is a Europe Equities fund tracking the Nasdaq AlphaDEX® Eurozone, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, FTGE.DE returned 31.10% vs -7.63% for ED3F.DE. At a 0.33 correlation, their price movements are largely independent. FTGE.DE charges 0.65%/yr vs 0.40%/yr for ED3F.DE.
Performance
FTGE.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 12.96% return, which is significantly higher than ED3F.DE's -9.14% return.
FTGE.DE
- 1D
- 0.00%
- 1M
- -0.29%
- YTD
- 12.96%
- 6M
- 13.77%
- 1Y
- 31.10%
- 3Y*
- 22.44%
- 5Y*
- 11.74%
- 10Y*
- —
ED3F.DE
- 1D
- 0.00%
- 1M
- -13.44%
- YTD
- -9.14%
- 6M
- -8.97%
- 1Y
- -7.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGE.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 12.96% | 17.25% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | -9.14% | 2.04% |
Correlation
The correlation between FTGE.DE and ED3F.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 26, 2025 | 0.33 |
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Return for Risk
FTGE.DE vs. ED3F.DE — Risk / Return Rank
FTGE.DE
ED3F.DE
FTGE.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
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.
| FTGE.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.98 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | -0.27 | +3.60 |
| Martin ratioReturn relative to average drawdown | 12.80 | -0.65 | +13.45 |
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Drawdowns
FTGE.DE vs. ED3F.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum ED3F.DE drawdown of -28.06%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and ED3F.DE.
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Drawdown Indicators
| FTGE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -28.06% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -28.06% | +18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -28.06% | +26.45% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -9.26% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 11.74% | -9.30% |
Volatility
FTGE.DE vs. ED3F.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.30%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 9.37%. This indicates that FTGE.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTGE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 9.37% | -6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 22.98% | -11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 30.62% | -16.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 30.27% | -12.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 30.27% | -11.89% |
FTGE.DE vs. ED3F.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
FTGE.DE vs. ED3F.DE - Dividend Comparison
Neither FTGE.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and ED3F.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.65% for FTGE.DE.
FTGE.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.65% for FTGE.DE and 0.40% for ED3F.DE.
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