IBDU vs. DFEN.DE
IBDU (iShares iBonds Dec 2029 Term Corporate ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - IBDU is a Corporate Bonds fund tracking the Bloomberg December 2029 Maturity Corporate Index, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past 3 years, IBDU returned 5.81%/yr vs 40.69%/yr for DFEN.DE. At a 0.12 correlation, their price movements are largely independent. IBDU charges 0.10%/yr vs 0.55%/yr for DFEN.DE.
Performance
IBDU vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
IBDU 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, IBDU achieves a 0.41% return, which is significantly higher than DFEN.DE's -0.56% return.
IBDU
- 1D
- 0.04%
- 1M
- -0.23%
- YTD
- 0.41%
- 6M
- 1.01%
- 1Y
- 4.99%
- 3Y*
- 5.81%
- 5Y*
- 1.16%
- 10Y*
- —
DFEN.DE
- 1D
- 0.00%
- 1M
- -3.57%
- YTD
- -0.56%
- 6M
- 2.40%
- 1Y
- 11.36%
- 3Y*
- 40.69%
- 5Y*
- —
- 10Y*
- —
IBDU vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 0.41% | 7.59% | 3.62% | 3.59% |
DFEN.DE VanEck Defense UCITS ETF A | -0.56% | 70.20% | 43.28% | 24.17% |
Correlation
The correlation between IBDU and DFEN.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.12 |
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Return for Risk
IBDU vs. DFEN.DE — Risk / Return Rank
IBDU
DFEN.DE
IBDU vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) 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.
| IBDU | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.10 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 0.65 | +2.52 |
| Martin ratioReturn relative to average drawdown | 11.84 | 1.56 | +10.28 |
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
| IBDU | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 0.48 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.90 | -1.57 |
Drawdowns
IBDU vs. DFEN.DE - Drawdown Comparison
The maximum IBDU drawdown since its inception was -19.44%, roughly equal to the maximum DFEN.DE drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for IBDU and DFEN.DE.
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Drawdown Indicators
| IBDU | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -18.74% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.59% | -18.74% | +17.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -18.74% | +14.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -18.24% | +17.57% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -3.46% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 7.77% | -7.35% |
Volatility
IBDU vs. DFEN.DE - Volatility Comparison
The current volatility for iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is 0.58%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.52%. This indicates that IBDU experiences smaller price fluctuations and is considered to be less risky 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
| IBDU | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 7.52% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 19.72% | -18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 25.31% | -23.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 21.73% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.31% | 21.73% | -14.42% |
IBDU vs. DFEN.DE - Expense Ratio Comparison
IBDU has a 0.10% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
IBDU vs. DFEN.DE - Dividend Comparison
IBDU's dividend yield for the trailing twelve months is around 4.67%, while DFEN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBDU iShares iBonds Dec 2029 Term Corporate ETF | 4.67% | 4.67% | 4.75% | 4.21% | 3.34% | 2.29% | 2.42% | 0.74% |
Frequently Asked Questions
IBDU and DFEN.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDU is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDU is cheaper with a 0.10% expense ratio, compared with 0.55% for DFEN.DE.
IBDU is categorized as Corporate Bonds, while DFEN.DE is Aerospace & Defense. IBDU tracks Bloomberg December 2029 Maturity Corporate Index, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.10% for IBDU and 0.55% for DFEN.DE.
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