LGWS.DE vs. ED3F.DE

Last updated Jun 5, 2026

LGWS.DE (Lyxor MSCI EMU Value UCITS ETF Dist) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - LGWS.DE is a Europe Equities fund tracking the MSCI EMU Value, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, LGWS.DE returned 21.46% vs -1.88% for ED3F.DE. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

LGWS.DE vs. ED3F.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor MSCI EMU Value UCITS ETF Dist (LGWS.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGWS.DE achieves a 7.09% return, which is significantly higher than ED3F.DE's 0.02% return.

LGWS.DE

• 1D: 0.43%
• 1M: 2.56%
• YTD: 7.09%
• 6M: 10.63%
• 1Y: 21.46%
• 3Y*: 18.49%
• 5Y*: 12.16%
• 10Y*: —

ED3F.DE

• 1D: -0.42%
• 1M: -8.21%
• YTD: 0.02%
• 6M: 4.46%
• 1Y: -1.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGWS.DE vs. ED3F.DE - Yearly Performance Comparison

	2026 (YTD)	2025
LGWS.DE Lyxor MSCI EMU Value UCITS ETF Dist	7.09%	12.70%
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.02%	4.82%

Correlation

The correlation between LGWS.DE and ED3F.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.21

Return for Risk

LGWS.DE vs. ED3F.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGWS.DE

LGWS.DE Risk / Return Rank: 48
LGWS.DE Sharpe Ratio Rank: 48
LGWS.DE Sortino Ratio Rank: 47
LGWS.DE Omega Ratio Rank: 47
LGWS.DE Calmar Ratio Rank: 49
LGWS.DE Martin Ratio Rank: 50

ED3F.DE

ED3F.DE Risk / Return Rank: 9
ED3F.DE Sharpe Ratio Rank: 8
ED3F.DE Sortino Ratio Rank: 9
ED3F.DE Omega Ratio Rank: 9
ED3F.DE Calmar Ratio Rank: 8
ED3F.DE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGWS.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI EMU Value UCITS ETF Dist (LGWS.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.

	LGWS.DE	ED3F.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	-0.06	+1.70
Sortino ratio: Return per unit of downside risk	2.29	0.13	+2.16
Omega ratio: Gain probability vs. loss probability	1.30	1.01	+0.28
Calmar ratio: Return relative to maximum drawdown	2.41	-0.08	+2.49
Martin ratio: Return relative to average drawdown	8.24	-0.18	+8.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGWS.DE vs. ED3F.DE - Sharpe Ratio Comparison

The current LGWS.DE Sharpe Ratio is 1.64, which is higher than the ED3F.DE Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of LGWS.DE and ED3F.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LGWS.DE	ED3F.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	-0.06	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.15	+0.31

Drawdowns

LGWS.DE vs. ED3F.DE - Drawdown Comparison

The maximum LGWS.DE drawdown since its inception was -41.73%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for LGWS.DE and ED3F.DE.

Drawdown Indicators

	LGWS.DE	ED3F.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.73%	-23.91%	-17.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-23.91%	+15.03%
Max Drawdown (3Y) Largest decline over 3 years	-14.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.84%	—	—
Current Drawdown Current decline from peak	-1.49%	-20.80%	+19.31%
Average Drawdown Average peak-to-trough decline	-6.96%	-8.37%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	10.25%	-7.65%

Volatility

LGWS.DE vs. ED3F.DE - Volatility Comparison

The current volatility for Lyxor MSCI EMU Value UCITS ETF Dist (LGWS.DE) is 3.59%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that LGWS.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGWS.DE	ED3F.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	10.58%	-6.99%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	22.80%	-12.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	30.60%	-17.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	30.42%	-14.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	30.42%	-12.49%

LGWS.DE vs. ED3F.DE - Expense Ratio Comparison

Both LGWS.DE and ED3F.DE have an expense ratio of 0.40%.

Dividends

LGWS.DE vs. ED3F.DE - Dividend Comparison

LGWS.DE's dividend yield for the trailing twelve months is around 3.07%, while ED3F.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGWS.DE Lyxor MSCI EMU Value UCITS ETF Dist	3.07%	3.29%	4.24%	0.00%	4.69%	2.83%	2.72%	4.37%	4.77%	0.38%

Frequently Asked Questions

Can I hold both LGWS.DE and ED3F.DE in my portfolio?

LGWS.DE and ED3F.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGWS.DE or ED3F.DE?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGWS.DE or ED3F.DE?

LGWS.DE and ED3F.DE have the same expense ratio: 0.40% per year.

What is the main difference between LGWS.DE and ED3F.DE?

LGWS.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. LGWS.DE tracks MSCI EMU Value, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Amundi and Global X.