IDEF vs. KDEF

Last updated Aug 2, 2026

IDEF (iShares Defense Industrials Active ETF) and KDEF (PLUS Korea Defense Industry Index ETF) are both Aerospace & Defense funds. IDEF is actively managed, while KDEF is passively managed. Over the past year, IDEF returned 13.32% vs -8.83% for KDEF. Their 0.56 correlation means they have sometimes moved together and sometimes differently. IDEF charges 0.55%/yr vs 0.65%/yr for KDEF.

Performance

IDEF vs. KDEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Defense Industrials Active ETF (IDEF) and PLUS Korea Defense Industry Index ETF (KDEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDEF achieves a 5.28% return, which is significantly higher than KDEF's -17.97% return.

IDEF

• 1D: 0.33%
• 1M: -1.85%
• 6M: -6.23%
• YTD: 5.28%
• 1Y: 13.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.90%

KDEF

• 1D: -5.87%
• 1M: -16.92%
• 6M: -37.55%
• YTD: -17.97%
• 1Y: -8.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IDEF iShares Defense Industrials Active ETF	$16.78M	$18.59M	$29.23M
KDEF PLUS Korea Defense Industry Index ETF	$2.93M	$2.70M	$5.83M

IDEF vs. KDEF - Yearly Performance Comparison

	2026 (YTD)	2025
IDEF iShares Defense Industrials Active ETF	5.28%	21.50%
KDEF PLUS Korea Defense Industry Index ETF	-17.97%	45.05%

Correlation

The correlation between IDEF and KDEF is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (All Time) Calculated using the full available price history since May 21, 2025	0.56

The correlation between IDEF and KDEF has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.

IDEF vs. KDEF - Sectors Allocation Comparison

Sectors	IDEF	KDEF
Industrials	84.4%	89.9%
Technology	12.9%	2.1%
Energy	0.9%	-
Basic Materials	0.7%	-
Utilities	0.3%	-
Communication Services	0.1%	-
Financial Services	0.1%	-
Consumer Cyclical	-	6.2%
Consumer Defensive	-	-
Healthcare	-	1.8%
Real Estate	-	-

Return for Risk

IDEF vs. KDEF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDEF

IDEF Risk / Return Rank: 24
IDEF Sharpe Ratio Rank: 25
IDEF Sortino Ratio Rank: 25
IDEF Omega Ratio Rank: 23
IDEF Calmar Ratio Rank: 26
IDEF Martin Ratio Rank: 23

KDEF

KDEF Risk / Return Rank: 8
KDEF Sharpe Ratio Rank: 8
KDEF Sortino Ratio Rank: 9
KDEF Omega Ratio Rank: 9
KDEF Calmar Ratio Rank: 8
KDEF Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDEF vs. KDEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Defense Industrials Active ETF (IDEF) and PLUS Korea Defense Industry Index ETF (KDEF). 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.

	IDEF	KDEF	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-0.22	+0.78
Sortino ratio: Return per unit of downside risk	0.95	0.03	+0.92
Omega ratio: Gain probability vs. loss probability	1.11	1.00	+0.10
Calmar ratio: Return relative to maximum drawdown	0.80	-0.24	+1.04
Martin ratio: Return relative to average drawdown	1.65	-0.65	+2.30

IDEF vs. KDEF - Sharpe Ratio Comparison

The current IDEF Sharpe Ratio is 0.56, which is higher than the KDEF Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of IDEF and KDEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDEF vs. KDEF - Drawdown Comparison

The maximum IDEF drawdown since its inception was -15.78%, smaller than the maximum KDEF drawdown of -48.41%. Use the drawdown chart below to compare losses from any high point for IDEF and KDEF.

Drawdown Indicators

	IDEF	KDEF	Difference
Max Drawdown Largest peak-to-trough decline	-15.78%	-48.41%	+32.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.78%	-48.41%	+32.63%
Current Drawdown Current decline from peak	-11.86%	-45.43%	+33.57%
Average Drawdown Average peak-to-trough decline	-5.11%	-9.66%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	17.58%	-9.91%

Volatility

IDEF vs. KDEF - Volatility Comparison

The current volatility for iShares Defense Industrials Active ETF (IDEF) is 7.10%, while PLUS Korea Defense Industry Index ETF (KDEF) has a volatility of 20.91%. This indicates that IDEF experiences smaller price fluctuations and is considered to be less risky than KDEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDEF	KDEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	20.91%	-13.81%
Volatility (6M) Calculated over the trailing 6-month period	18.86%	43.62%	-24.76%
Volatility (1Y) Calculated over the trailing 1-year period	22.81%	51.45%	-28.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	50.20%	-28.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	50.20%	-28.55%

IDEF vs. KDEF - Expense Ratio Comparison

IDEF has a 0.55% expense ratio, which is lower than KDEF's 0.65% expense ratio.

Dividends

IDEF vs. KDEF - Dividend Comparison

IDEF's dividend yield for the trailing twelve months is around 0.33%, less than KDEF's 8.38% yield.

Position	TTM	2025
IDEF iShares Defense Industrials Active ETF	0.33%	0.17%
KDEF PLUS Korea Defense Industry Index ETF	8.38%	5.06%

Frequently Asked Questions

Can I hold both IDEF and KDEF in my portfolio?

IDEF and KDEF have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDEF or KDEF?

KDEF has higher volatility (20.91%) compared to IDEF (7.10%). In terms of maximum drawdown, IDEF dropped -15.78% vs KDEF's -48.41%.

Which ETF is better, IDEF or KDEF?

On 1-year performance, IDEF leads with 13.32% vs -8.83% for KDEF. On fees, IDEF is cheaper at 0.55% per year. On volatility, IDEF has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDEF or KDEF?

Over the 1-year period, IDEF has performed better with a 13.32% return vs -8.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDEF or KDEF?

IDEF is cheaper with a 0.55% expense ratio, compared with 0.65% for KDEF.

Which ETF pays a higher dividend yield, IDEF or KDEF?

KDEF has the higher dividend yield at 8.38%, compared with 0.33% for IDEF.

What is the main difference between IDEF and KDEF?

They also come from different issuers: iShares and PLUS. Their fees differ too: 0.55% for IDEF and 0.65% for KDEF.

Which has better risk-adjusted returns?

IDEF currently has the higher Sharpe Ratio (0.56 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.