IEAC.AS vs. DFND.AS
IEAC.AS (iShares Core € Corp Bond UCITS ETF) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. IEAC.AS charges 0.20%/yr vs 0.35%/yr for DFND.AS.
Performance
IEAC.AS vs. DFND.AS - Performance Comparison
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Different Trading Currencies
IEAC.AS is traded in EUR, while DFND.AS is traded in USD. To make them comparable, the DFND.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.34%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.23%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
DFND.AS
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEAC.AS vs. DFND.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 5.46% |
DFND.AS iShares Global Aerospace & Defence UCITS ETF | 0.00% | 0.00% | 19.34% |
Correlation
The correlation between IEAC.AS and DFND.AS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2024 | 0.13 |
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Return for Risk
IEAC.AS vs. DFND.AS — Risk / Return Rank
IEAC.AS
DFND.AS
IEAC.AS vs. DFND.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). 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.
| IEAC.AS | DFND.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | — | — |
| Martin ratioReturn relative to average drawdown | 2.68 | — | — |
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
| IEAC.AS | DFND.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | — | — |
Drawdowns
IEAC.AS vs. DFND.AS - Drawdown Comparison
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Drawdown Indicators
| IEAC.AS | DFND.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.26% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | — | — |
Average DrawdownAverage peak-to-trough decline | -2.73% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | — | — |
Volatility
IEAC.AS vs. DFND.AS - Volatility Comparison
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Volatility by Period
| IEAC.AS | DFND.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | — | — |
IEAC.AS vs. DFND.AS - Expense Ratio Comparison
IEAC.AS has a 0.20% expense ratio, which is lower than DFND.AS's 0.35% expense ratio.
Dividends
IEAC.AS vs. DFND.AS - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.33%, while DFND.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFND.AS iShares Global Aerospace & Defence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
IEAC.AS and DFND.AS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEAC.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEAC.AS is cheaper with a 0.20% expense ratio, compared with 0.35% for DFND.AS.
IEAC.AS is categorized as Corporate Bonds, while DFND.AS is Industrials Equities. IEAC.AS tracks Bloomberg Euro Corporate Bond Index, while DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Their fees differ too: 0.20% for IEAC.AS and 0.35% for DFND.AS.
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