JEDG.L vs. DFNG.L
JEDG.L (VanEck Space Innovators UCITS ETF) and DFNG.L (VanEck Defense ETF A USD Acc GBP) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index. Both are passively managed. Over the past 3 years, JEDG.L returned 65.85%/yr vs 39.23%/yr for DFNG.L. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
JEDG.L vs. DFNG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEDG.L achieves a 74.89% return, which is significantly higher than DFNG.L's 3.59% return.
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
DFNG.L
- 1D
- 0.47%
- 1M
- -3.43%
- YTD
- 3.59%
- 6M
- 5.95%
- 1Y
- 17.04%
- 3Y*
- 39.23%
- 5Y*
- —
- 10Y*
- —
JEDG.L vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 4.55% |
DFNG.L VanEck Defense ETF A USD Acc GBP | 3.59% | 56.54% | 46.20% | 22.89% |
Correlation
The correlation between JEDG.L and DFNG.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.49 |
The correlation between JEDG.L and DFNG.L has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
JEDG.L vs. DFNG.L — Risk / Return Rank
JEDG.L
DFNG.L
JEDG.L vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.L) and VanEck Defense ETF A USD Acc GBP (DFNG.L). 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.
| JEDG.L | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.07 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.14 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 0.92 | +8.26 |
| Martin ratioReturn relative to average drawdown | 30.71 | 2.28 | +28.43 |
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
| JEDG.L | DFNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.77 | 0.70 | +4.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 1.97 | -0.62 |
Drawdowns
JEDG.L vs. DFNG.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, which is greater than DFNG.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for JEDG.L and DFNG.L.
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Drawdown Indicators
| JEDG.L | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -18.38% | -8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -18.38% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -18.38% | -8.42% |
Current DrawdownCurrent decline from peak | -13.90% | -15.37% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -3.13% | -5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 7.46% | -0.59% |
Volatility
JEDG.L vs. DFNG.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 18.94% compared to VanEck Defense ETF A USD Acc GBP (DFNG.L) at 7.88%. This indicates that JEDG.L's price experiences larger fluctuations and is considered to be riskier than DFNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEDG.L | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 7.88% | +11.06% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 18.71% | +15.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.16% | 24.17% | +19.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 20.38% | +12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 20.38% | +12.74% |
JEDG.L vs. DFNG.L - Expense Ratio Comparison
Both JEDG.L and DFNG.L have an expense ratio of 0.55%.
Dividends
JEDG.L vs. DFNG.L - Dividend Comparison
Neither JEDG.L nor DFNG.L has paid dividends to shareholders.
Frequently Asked Questions
JEDG.L and DFNG.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JEDG.L and DFNG.L have the same expense ratio: 0.55% per year.
JEDG.L is categorized as Industrials Equities, while DFNG.L is Aerospace & Defense. JEDG.L tracks MSCI World/Materials NR USD, while DFNG.L tracks MarketVector Global Defense Industry index.
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