G2XJ.DE vs. DFEN.DE
G2XJ.DE (VanEck Junior Gold Miners UCITS) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - G2XJ.DE is a Precious Metals fund tracking the MVIS Global Junior 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, G2XJ.DE returned 60.21% vs 12.18% for DFEN.DE. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
G2XJ.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2XJ.DE achieves a -3.74% return, which is significantly lower than DFEN.DE's 4.02% return.
G2XJ.DE
- 1D
- 0.42%
- 1M
- -7.94%
- YTD
- -3.74%
- 6M
- 7.08%
- 1Y
- 60.21%
- 3Y*
- 42.43%
- 5Y*
- 18.76%
- 10Y*
- 12.60%
DFEN.DE
- 1D
- 0.30%
- 1M
- -2.84%
- YTD
- 4.02%
- 6M
- 8.12%
- 1Y
- 12.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2XJ.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
G2XJ.DE VanEck Junior Gold Miners UCITS | -3.74% | 149.58% | 21.45% | 3.05% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between G2XJ.DE and DFEN.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.22 |
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Return for Risk
G2XJ.DE vs. DFEN.DE — Risk / Return Rank
G2XJ.DE
DFEN.DE
G2XJ.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (G2XJ.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.
| G2XJ.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.11 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.75 | +1.35 |
| Martin ratioReturn relative to average drawdown | 5.07 | 1.81 | +3.26 |
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
| G2XJ.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.56 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.75 | -1.37 |
Drawdowns
G2XJ.DE vs. DFEN.DE - Drawdown Comparison
The maximum G2XJ.DE drawdown since its inception was -49.96%, 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 G2XJ.DE and DFEN.DE.
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Drawdown Indicators
| G2XJ.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.96% | -18.60% | -31.36% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -18.60% | -10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.96% | — | — |
Current DrawdownCurrent decline from peak | -25.97% | -15.21% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -3.27% | -21.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 7.72% | +4.44% |
Volatility
G2XJ.DE vs. DFEN.DE - Volatility Comparison
VanEck Junior Gold Miners UCITS (G2XJ.DE) has a higher volatility of 15.07% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.38%. This indicates that G2XJ.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.
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Volatility by Period
| G2XJ.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.07% | 7.38% | +7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 19.16% | +18.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.48% | 24.79% | +21.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 21.47% | +15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 21.47% | +16.22% |
G2XJ.DE vs. DFEN.DE - Expense Ratio Comparison
Both G2XJ.DE and DFEN.DE have an expense ratio of 0.55%.
Dividends
G2XJ.DE vs. DFEN.DE - Dividend Comparison
Neither G2XJ.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
G2XJ.DE and DFEN.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
G2XJ.DE and DFEN.DE have the same expense ratio: 0.55% per year.
G2XJ.DE is categorized as Precious Metals, while DFEN.DE is Aerospace & Defense. G2XJ.DE tracks MVIS Global Junior Gold Miners, while DFEN.DE tracks MarketVector Global Defense Industry Index.
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