IDFN.L vs. ARMY

Last updated Jun 4, 2026

IDFN.L (Invesco Defence Innovation UCITS ETF Acc) and ARMY (HANetf Future of European Defence Screened UCITS ETF) are both Aerospace & Defense funds - IDFN.L tracks the S&P Kensho Global Future Defense Index while ARMY tracks the VettaFi European Future of Defence Screened Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. IDFN.L charges 0.35%/yr vs 0.39%/yr for ARMY.

Performance

IDFN.L vs. ARMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Defence Innovation UCITS ETF Acc (IDFN.L) and HANetf Future of European Defence Screened UCITS ETF (ARMY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IDFN.L is traded in USD, while ARMY is traded in EUR. To make them comparable, the ARMY values have been converted to USD using the latest available exchange rates.

Returns By Period

IDFN.L

• 1D: -1.85%
• 1M: 12.42%
• YTD: 34.54%
• 6M: 43.45%
• 1Y: 75.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMY

• 1D: -2.73%
• 1M: -1.37%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IDFN.L vs. ARMY - Yearly Performance Comparison

	2026 (YTD)
IDFN.L Invesco Defence Innovation UCITS ETF Acc	25.37%
ARMY HANetf Future of European Defence Screened UCITS ETF	-1.93%

Correlation

The correlation between IDFN.L and ARMY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.64

Return for Risk

IDFN.L vs. ARMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDFN.L

IDFN.L Risk / Return Rank: 85
IDFN.L Sharpe Ratio Rank: 88
IDFN.L Sortino Ratio Rank: 85
IDFN.L Omega Ratio Rank: 76
IDFN.L Calmar Ratio Rank: 90
IDFN.L Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDFN.L vs. ARMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Defence Innovation UCITS ETF Acc (IDFN.L) and HANetf Future of European Defence Screened UCITS ETF (ARMY). 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.

	IDFN.L	ARMY	Difference
Sharpe ratio: Return per unit of total volatility	2.92	—	—
Sortino ratio: Return per unit of downside risk	3.79	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	5.65	—	—
Martin ratio: Return relative to average drawdown	16.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IDFN.L	ARMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.43	-0.31	+2.74

Drawdowns

IDFN.L vs. ARMY - Drawdown Comparison

The maximum IDFN.L drawdown since its inception was -13.71%, roughly equal to the maximum ARMY drawdown of -14.11%. Use the drawdown chart below to compare losses from any high point for IDFN.L and ARMY.

Drawdown Indicators

	IDFN.L	ARMY	Difference
Max Drawdown Largest peak-to-trough decline	-13.71%	-14.11%	+0.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.39%	—	—
Current Drawdown Current decline from peak	-5.01%	-9.85%	+4.84%
Average Drawdown Average peak-to-trough decline	-2.99%	-5.71%	+2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	—	—

Volatility

Volatility by Period

	IDFN.L	ARMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.94%	34.74%	-8.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.89%	34.74%	-7.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	34.74%	-7.85%

IDFN.L vs. ARMY - Expense Ratio Comparison

IDFN.L has a 0.35% expense ratio, which is lower than ARMY's 0.39% expense ratio.

Dividends

IDFN.L vs. ARMY - Dividend Comparison

Neither IDFN.L nor ARMY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IDFN.L and ARMY in my portfolio?

IDFN.L and ARMY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDFN.L or ARMY?

On fees, IDFN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDFN.L or ARMY?

IDFN.L is cheaper with a 0.35% expense ratio, compared with 0.39% for ARMY.

What is the main difference between IDFN.L and ARMY?

IDFN.L tracks S&P Kensho Global Future Defense Index, while ARMY tracks VettaFi European Future of Defence Screened Index. They also come from different issuers: Invesco and HANetf. Their fees differ too: 0.35% for IDFN.L and 0.39% for ARMY.