LBRE.DE vs. DFEN.DE
LBRE.DE (Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - LBRE.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Basic Resources, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, LBRE.DE returned 81.06% vs 14.03% for DFEN.DE. At a 0.23 correlation, their price movements are largely independent. LBRE.DE charges 0.30%/yr vs 0.55%/yr for DFEN.DE.
Performance
LBRE.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LBRE.DE achieves a 32.03% return, which is significantly higher than DFEN.DE's 4.02% return.
LBRE.DE
- 1D
- -0.97%
- 1M
- 10.22%
- YTD
- 32.03%
- 6M
- 41.45%
- 1Y
- 81.06%
- 3Y*
- 19.81%
- 5Y*
- 11.64%
- 10Y*
- 16.21%
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LBRE.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LBRE.DE Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc | 32.03% | 33.09% | -8.87% | 4.46% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between LBRE.DE and DFEN.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.23 |
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Return for Risk
LBRE.DE vs. DFEN.DE — Risk / Return Rank
LBRE.DE
DFEN.DE
LBRE.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.DE) and VanEck Defense UCITS ETF A (DFEN.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.
| LBRE.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.11 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.71 | 0.75 | +3.96 |
| Martin ratioReturn relative to average drawdown | 18.65 | 1.81 | +16.84 |
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
| LBRE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.15 | 0.56 | +2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.75 | -1.58 |
Drawdowns
LBRE.DE vs. DFEN.DE - Drawdown Comparison
The maximum LBRE.DE drawdown since its inception was -74.21%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for LBRE.DE and DFEN.DE.
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Drawdown Indicators
| LBRE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.21% | -18.60% | -55.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -18.60% | +1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -15.21% | +12.35% |
Average DrawdownAverage peak-to-trough decline | -31.35% | -3.27% | -28.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 7.72% | -3.46% |
Volatility
LBRE.DE vs. DFEN.DE - Volatility Comparison
Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.DE) has a higher volatility of 9.86% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.38%. This indicates that LBRE.DE's price experiences larger fluctuations and is considered to be riskier than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBRE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 7.38% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 21.55% | 19.16% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.64% | 24.79% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.23% | 21.47% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 21.47% | +7.20% |
LBRE.DE vs. DFEN.DE - Expense Ratio Comparison
LBRE.DE has a 0.30% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
LBRE.DE vs. DFEN.DE - Dividend Comparison
Neither LBRE.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
LBRE.DE and DFEN.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LBRE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBRE.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for DFEN.DE.
LBRE.DE is categorized as Industrials Equities, while DFEN.DE is Aerospace & Defense. LBRE.DE tracks STOXX® Europe 600 Basic Resources, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.30% for LBRE.DE and 0.55% for DFEN.DE.
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