G2X.DE vs. DFEN.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, G2X.DE returned 61.18% vs 12.18% for DFEN.DE. At a 0.20 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.55%/yr for DFEN.DE.
Performance
G2X.DE vs. DFEN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, G2X.DE achieves a -1.03% return, which is significantly lower than DFEN.DE's 4.02% return.
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
DFEN.DE
- 1D
- 0.30%
- 1M
- -2.84%
- YTD
- 4.02%
- 6M
- 8.12%
- 1Y
- 12.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 0.13% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between G2X.DE and DFEN.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.20 |
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
G2X.DE vs. DFEN.DE — Risk / Return Rank
G2X.DE
DFEN.DE
G2X.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.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.
| G2X.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.75 | +1.43 |
| Martin ratioReturn relative to average drawdown | 5.49 | 1.81 | +3.68 |
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
| G2X.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.56 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.75 | -1.32 |
Drawdowns
G2X.DE vs. DFEN.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, 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 G2X.DE and DFEN.DE.
Loading charts...
Drawdown Indicators
| G2X.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -18.60% | -27.44% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -18.60% | -9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -15.21% | -8.13% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -3.27% | -16.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 7.72% | +3.37% |
Volatility
G2X.DE vs. DFEN.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.38%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| G2X.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 7.38% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 19.16% | +15.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 24.79% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 21.47% | +11.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 21.47% | +10.86% |
G2X.DE vs. DFEN.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
G2X.DE vs. DFEN.DE - Dividend Comparison
Neither G2X.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and DFEN.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G2X.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2X.DE is cheaper with a 0.53% expense ratio, compared with 0.55% for DFEN.DE.
G2X.DE is categorized as Precious Metals, while DFEN.DE is Aerospace & Defense. G2X.DE tracks NYSE Arca Gold Miners, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.53% for G2X.DE and 0.55% for DFEN.DE.
Find the right allocation for G2X.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