KOD.L vs. DFNG.L
KOD.L (Kodal Minerals plc) is a stock, while DFNG.L (VanEck Defense UCITS ETF) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry index. Over the past 3 years, KOD.L returned -17.54%/yr vs 32.92%/yr for DFNG.L. At a 0.02 correlation, their price movements are largely independent.
Performance
KOD.L vs. DFNG.L - Performance Comparison
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Different Trading Currencies
KOD.L is traded in GBp, while DFNG.L is traded in GBP. To make them comparable, the DFNG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, KOD.L achieves a -9.09% return, which is significantly lower than DFNG.L's -5.38% return.
KOD.L
- 1D
- -3.07%
- 1M
- -6.25%
- 6M
- -41.18%
- YTD
- -9.09%
- 1Y
- -13.04%
- 3Y*
- -17.54%
- 5Y*
- -5.83%
- 10Y*
- 21.44%
- ALL TIME*
- -7.23%
DFNG.L
- 1D
- 0.00%
- 1M
- -6.15%
- 6M
- -22.20%
- YTD
- -5.38%
- 1Y
- -0.73%
- 3Y*
- 32.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.86%
KOD.L vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KOD.L Kodal Minerals plc | -9.09% | -27.47% | 22.97% | -5.85% |
DFNG.L VanEck Defense UCITS ETF | -5.38% | 56.54% | 46.20% | -1.18% |
Correlation
The correlation between KOD.L and DFNG.L is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.02 |
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Return for Risk
KOD.L vs. DFNG.L — Risk / Return Rank
KOD.L
DFNG.L
KOD.L vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kodal Minerals plc (KOD.L) and VanEck Defense UCITS ETF (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.
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.
| KOD.L | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.03 | -0.24 |
| Martin ratioReturn relative to average drawdown | -0.42 | -0.07 | -0.35 |
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Drawdowns
KOD.L vs. DFNG.L - Drawdown Comparison
The maximum KOD.L drawdown since its inception was -99.05%, which is greater than DFNG.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for KOD.L and DFNG.L.
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Drawdown Indicators
| KOD.L | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -24.31% | -74.74% |
Max Drawdown (1Y)Largest decline over 1 year | -48.21% | -24.31% | -23.90% |
Max Drawdown (3Y)Largest decline over 3 years | -64.89% | -24.31% | -40.58% |
Max Drawdown (5Y)Largest decline over 5 years | -72.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.13% | — | — |
Current DrawdownCurrent decline from peak | -88.57% | -22.70% | -65.87% |
Average DrawdownAverage peak-to-trough decline | -89.60% | -5.48% | -84.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.81% | 10.41% | +20.40% |
Volatility
KOD.L vs. DFNG.L - Volatility Comparison
Kodal Minerals plc (KOD.L) has a higher volatility of 9.61% compared to VanEck Defense UCITS ETF (DFNG.L) at 8.35%. This indicates that KOD.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
| KOD.L | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.61% | 8.35% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 19.42% | +27.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.37% | 25.59% | +47.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.54% | 23.62% | +53.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.71% | 23.62% | +84.09% |
Dividends
KOD.L vs. DFNG.L - Dividend Comparison
Neither KOD.L nor DFNG.L has paid dividends to shareholders.
Frequently Asked Questions
KOD.L and DFNG.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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