LQDH vs. DFEN.DE
LQDH (iShares Interest Rate Hedged Corporate Bond ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - LQDH is a Corporate Bonds fund actively managed by iShares, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. LQDH is actively managed, while DFEN.DE is passively managed. Over the past 3 years, LQDH returned 8.07%/yr vs 40.69%/yr for DFEN.DE. At a 0.24 correlation, their price movements are largely independent. LQDH charges 0.25%/yr vs 0.55%/yr for DFEN.DE.
Performance
LQDH vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
LQDH is traded in USD, while DFEN.DE is traded in EUR. To make them comparable, the DFEN.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LQDH achieves a 2.17% return, which is significantly higher than DFEN.DE's -0.56% return.
LQDH
- 1D
- -0.02%
- 1M
- 0.58%
- YTD
- 2.17%
- 6M
- 2.64%
- 1Y
- 7.27%
- 3Y*
- 8.07%
- 5Y*
- 5.25%
- 10Y*
- 4.63%
DFEN.DE
- 1D
- 0.00%
- 1M
- -3.57%
- YTD
- -0.56%
- 6M
- 2.40%
- 1Y
- 11.36%
- 3Y*
- 40.69%
- 5Y*
- —
- 10Y*
- —
LQDH vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.17% | 7.00% | 7.43% | 8.85% |
DFEN.DE VanEck Defense UCITS ETF A | -0.56% | 70.20% | 43.28% | 24.17% |
Correlation
The correlation between LQDH and DFEN.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.24 |
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Return for Risk
LQDH vs. DFEN.DE — Risk / Return Rank
LQDH
DFEN.DE
LQDH vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) 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.
| LQDH | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.10 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 0.65 | +2.47 |
| Martin ratioReturn relative to average drawdown | 13.21 | 1.56 | +11.65 |
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
| LQDH | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 0.48 | +2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 1.90 | -1.32 |
Drawdowns
LQDH vs. DFEN.DE - Drawdown Comparison
The maximum LQDH drawdown since its inception was -24.63%, which is greater than DFEN.DE's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for LQDH and DFEN.DE.
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Drawdown Indicators
| LQDH | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.63% | -18.74% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -18.74% | +16.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -18.74% | +13.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.63% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -18.24% | +18.01% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -3.46% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 7.77% | -7.22% |
Volatility
LQDH vs. DFEN.DE - Volatility Comparison
The current volatility for iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is 0.47%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.52%. This indicates that LQDH experiences smaller price fluctuations and is considered to be less risky 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
| LQDH | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 7.52% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 19.72% | -17.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 25.31% | -22.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 21.73% | -17.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 21.73% | -15.29% |
LQDH vs. DFEN.DE - Expense Ratio Comparison
LQDH has a 0.25% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
LQDH vs. DFEN.DE - Dividend Comparison
LQDH's dividend yield for the trailing twelve months is around 5.96%, while DFEN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.96% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
LQDH and DFEN.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LQDH is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LQDH is cheaper with a 0.25% expense ratio, compared with 0.55% for DFEN.DE.
LQDH is categorized as Corporate Bonds, while DFEN.DE is Aerospace & Defense. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for LQDH and 0.55% for DFEN.DE.
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