KDEF vs. 4MMR.DE
KDEF (PLUS Korea Defense Industry Index ETF) and 4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) are both Aerospace & Defense funds. Over the past year, KDEF returned 40.06% vs 11.46% for 4MMR.DE. At a 0.36 correlation, their price movements are largely independent.
Performance
KDEF vs. 4MMR.DE - Performance Comparison
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Different Trading Currencies
KDEF is traded in USD, while 4MMR.DE is traded in EUR. To make them comparable, the 4MMR.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, KDEF achieves a 6.06% return, which is significantly higher than 4MMR.DE's -2.30% return.
KDEF
- 1D
- -2.40%
- 1M
- -26.87%
- YTD
- 6.06%
- 6M
- 18.05%
- 1Y
- 40.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4MMR.DE
- 1D
- -1.00%
- 1M
- -5.99%
- YTD
- -2.30%
- 6M
- 3.59%
- 1Y
- 11.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KDEF vs. 4MMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KDEF PLUS Korea Defense Industry Index ETF | 6.06% | 117.16% |
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -2.30% | 64.91% |
Correlation
The correlation between KDEF and 4MMR.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.36 |
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Return for Risk
KDEF vs. 4MMR.DE — Risk / Return Rank
KDEF
4MMR.DE
KDEF vs. 4MMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PLUS Korea Defense Industry Index ETF (KDEF) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.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.
| KDEF | 4MMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.57 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.15 | 1.54 | +2.61 |
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
| KDEF | 4MMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.51 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.90 | 1.75 | +0.16 |
Drawdowns
KDEF vs. 4MMR.DE - Drawdown Comparison
The maximum KDEF drawdown since its inception was -29.45%, which is greater than 4MMR.DE's maximum drawdown of -19.88%. Use the drawdown chart below to compare losses from any high point for KDEF and 4MMR.DE.
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Drawdown Indicators
| KDEF | 4MMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.45% | -19.88% | -9.57% |
Max Drawdown (1Y)Largest decline over 1 year | -29.45% | -19.88% | -9.57% |
Current DrawdownCurrent decline from peak | -29.45% | -18.41% | -11.04% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -4.25% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.69% | 7.42% | +2.27% |
Volatility
KDEF vs. 4MMR.DE - Volatility Comparison
PLUS Korea Defense Industry Index ETF (KDEF) has a higher volatility of 15.76% compared to Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) at 6.31%. This indicates that KDEF's price experiences larger fluctuations and is considered to be riskier than 4MMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KDEF | 4MMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.76% | 6.31% | +9.45% |
Volatility (6M)Calculated over the trailing 6-month period | 36.50% | 17.25% | +19.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.63% | 22.39% | +22.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.54% | 24.96% | +21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.54% | 24.96% | +21.58% |
Dividends
KDEF vs. 4MMR.DE - Dividend Comparison
KDEF's dividend yield for the trailing twelve months is around 6.48%, while 4MMR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | 0.00% | 0.00% |
KDEF PLUS Korea Defense Industry Index ETF | 6.48% | 5.06% |
Frequently Asked Questions
KDEF and 4MMR.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: PLUS and Global X.
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