GIGB.L vs. DFNG.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and DFNG.L (VanEck Defense UCITS ETF) are both exchange-traded funds - GIGB.L is a Global Equities fund tracking the VanEck S&P Global Mining UCITS ETF, while DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index. Both are passively managed. Over the past 3 years, GIGB.L returned 20.60%/yr vs 34.05%/yr for DFNG.L. At a 0.23 correlation, their price movements are largely independent. GIGB.L charges 0.50%/yr vs 0.55%/yr for DFNG.L.
Performance
GIGB.L vs. DFNG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly higher than DFNG.L's -5.39% return.
GIGB.L
- 1D
- 0.00%
- 1M
- -13.91%
- 6M
- -11.20%
- YTD
- 0.48%
- 1Y
- 52.68%
- 3Y*
- 20.60%
- 5Y*
- 13.45%
- 10Y*
- —
DFNG.L
- 1D
- 0.00%
- 1M
- -5.59%
- 6M
- -20.55%
- YTD
- -5.39%
- 1Y
- 1.83%
- 3Y*
- 34.05%
- 5Y*
- —
- 10Y*
- —
GIGB.L vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.48% | 77.74% | -7.37% | -1.18% |
DFNG.L VanEck Defense UCITS ETF | -5.39% | 56.54% | 46.20% | -1.18% |
Correlation
The correlation between GIGB.L and DFNG.L 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 (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.23 |
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Return for Risk
GIGB.L vs. DFNG.L — Risk / Return Rank
GIGB.L
DFNG.L
GIGB.L vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (GIGB.L) and VanEck Defense UCITS ETF (DFNG.L). 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.
| GIGB.L | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.03 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 0.08 | +1.87 |
| Martin ratioReturn relative to average drawdown | 5.30 | 0.18 | +5.11 |
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Drawdowns
GIGB.L vs. DFNG.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, which is greater than DFNG.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for GIGB.L and DFNG.L.
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Drawdown Indicators
| GIGB.L | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -24.31% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -24.31% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -24.31% | -2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | — | — |
Current DrawdownCurrent decline from peak | -24.02% | -22.71% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -5.39% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 10.00% | -0.24% |
Volatility
GIGB.L vs. DFNG.L - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (GIGB.L) has a higher volatility of 10.51% compared to VanEck Defense UCITS ETF (DFNG.L) at 9.66%. This indicates that GIGB.L's price experiences larger fluctuations and is considered to be riskier than DFNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIGB.L | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 9.66% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 19.49% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 25.74% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 23.67% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 23.67% | +5.69% |
GIGB.L vs. DFNG.L - Expense Ratio Comparison
GIGB.L has a 0.50% expense ratio, which is lower than DFNG.L's 0.55% expense ratio.
Dividends
GIGB.L vs. DFNG.L - Dividend Comparison
Neither GIGB.L nor DFNG.L has paid dividends to shareholders.
Frequently Asked Questions
GIGB.L and DFNG.L 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, GIGB.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIGB.L is cheaper with a 0.50% expense ratio, compared with 0.55% for DFNG.L.
GIGB.L is categorized as Global Equities, while DFNG.L is Aerospace & Defense. GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while DFNG.L tracks MarketVector Global Defense Industry index. Their fees differ too: 0.50% for GIGB.L and 0.55% for DFNG.L.
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