HRTG vs. DFEN.DE
HRTG (Heritage Insurance Holdings, Inc.) is a stock, while DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Over the past 3 years, HRTG returned 71.00%/yr vs 40.64%/yr for DFEN.DE. At a 0.11 correlation, their price movements are largely independent.
Performance
HRTG vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
HRTG is traded in USD, while DFEN.DE is traded in EUR. To make them comparable, the DFEN.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HRTG achieves a -23.27% return, which is significantly lower than DFEN.DE's 1.46% return.
HRTG
- 1D
- 0.58%
- 1M
- 1.95%
- YTD
- -23.27%
- 6M
- -22.80%
- 1Y
- -5.99%
- 3Y*
- 71.00%
- 5Y*
- 22.01%
- 10Y*
- 7.50%
DFEN.DE
- 1D
- 0.49%
- 1M
- 1.00%
- YTD
- 1.46%
- 6M
- 2.92%
- 1Y
- 13.94%
- 3Y*
- 40.64%
- 5Y*
- —
- 10Y*
- —
HRTG vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HRTG Heritage Insurance Holdings, Inc. | -23.27% | 141.82% | 85.58% | 120.27% |
DFEN.DE VanEck Defense UCITS ETF A | 1.46% | 70.20% | 43.28% | 24.17% |
Correlation
The correlation between HRTG and DFEN.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.11 |
The correlation between HRTG and DFEN.DE shifts across timeframes, from -0.02 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HRTG vs. DFEN.DE — Risk / Return Rank
HRTG
DFEN.DE
HRTG vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Insurance Holdings, Inc. (HRTG) 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.
| HRTG | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.71 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.40 | 1.73 | -2.14 |
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Drawdowns
HRTG vs. DFEN.DE - Drawdown Comparison
The maximum HRTG drawdown since its inception was -94.36%, which is greater than DFEN.DE's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for HRTG and DFEN.DE.
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Drawdown Indicators
| HRTG | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -19.59% | -74.77% |
Max Drawdown (1Y)Largest decline over 1 year | -32.95% | -19.59% | -13.36% |
Max Drawdown (3Y)Largest decline over 3 years | -43.90% | -19.59% | -24.31% |
Max Drawdown (5Y)Largest decline over 5 years | -84.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.21% | — | — |
Current DrawdownCurrent decline from peak | -27.91% | -16.58% | -11.33% |
Average DrawdownAverage peak-to-trough decline | -46.51% | -3.51% | -43.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.92% | 8.02% | +6.90% |
Volatility
HRTG vs. DFEN.DE - Volatility Comparison
Heritage Insurance Holdings, Inc. (HRTG) has a higher volatility of 10.07% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.93%. This indicates that HRTG'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
| HRTG | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 7.93% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 37.66% | 19.89% | +17.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.07% | 25.41% | +31.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.35% | 21.76% | +49.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.93% | 21.76% | +36.17% |
Dividends
HRTG vs. DFEN.DE - Dividend Comparison
Neither HRTG nor DFEN.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% |
Frequently Asked Questions
HRTG and DFEN.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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