LRN vs. DFEN.DE

Last updated Jun 13, 2026

LRN (Stride, Inc.) is a stock, while DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Over the past 3 years, LRN returned 33.90%/yr vs 40.64%/yr for DFEN.DE. At a 0.20 correlation, their price movements are largely independent.

Performance

LRN vs. DFEN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Stride, Inc. (LRN) and VanEck Defense UCITS ETF A (DFEN.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LRN 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, LRN achieves a 50.49% return, which is significantly higher than DFEN.DE's 1.46% return.

LRN

• 1D: -1.77%
• 1M: 10.87%
• YTD: 50.49%
• 6M: 51.49%
• 1Y: -31.17%
• 3Y*: 33.90%
• 5Y*: 26.27%
• 10Y*: 23.80%

DFEN.DE

• 1D: 0.49%
• 1M: 1.00%
• YTD: 1.46%
• 6M: 2.92%
• 1Y: 13.94%
• 3Y*: 40.64%
• 5Y*: —
• 10Y*: —

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

LRN vs. DFEN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LRN Stride, Inc.	50.49%	-37.53%	75.05%	54.41%
DFEN.DE VanEck Defense UCITS ETF A	1.46%	70.20%	43.28%	24.17%

Correlation

The correlation between LRN and DFEN.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.20

Return for Risk

LRN vs. DFEN.DE — Risk / Return Rank

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

LRN

LRN Risk / Return Rank: 27
LRN Sharpe Ratio Rank: 22
LRN Sortino Ratio Rank: 30
LRN Omega Ratio Rank: 27
LRN Calmar Ratio Rank: 26
LRN Martin Ratio Rank: 29

DFEN.DE

DFEN.DE Risk / Return Rank: 19
DFEN.DE Sharpe Ratio Rank: 19
DFEN.DE Sortino Ratio Rank: 20
DFEN.DE Omega Ratio Rank: 19
DFEN.DE Calmar Ratio Rank: 20
DFEN.DE Martin Ratio Rank: 18

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.

LRN vs. DFEN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Stride, Inc. (LRN) 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.

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.

	LRN	DFEN.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	0.55	-1.02
Sortino ratio: Return per unit of downside risk	-0.10	0.95	-1.05
Omega ratio: Gain probability vs. loss probability	0.97	1.11	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.49	0.71	-1.20
Martin ratio: Return relative to average drawdown	-0.74	1.73	-2.48

LRN vs. DFEN.DE - Sharpe Ratio Comparison

The current LRN Sharpe Ratio is -0.47, which is lower than the DFEN.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of LRN and DFEN.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.

Drawdowns

LRN vs. DFEN.DE - Drawdown Comparison

The maximum LRN drawdown since its inception was -81.41%, which is greater than DFEN.DE's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for LRN and DFEN.DE.

Drawdown Indicators

	LRN	DFEN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-81.41%	-19.59%	-61.82%
Max Drawdown (1Y) Largest decline over 1 year	-64.07%	-19.59%	-44.48%
Max Drawdown (3Y) Largest decline over 3 years	-64.07%	-19.59%	-44.48%
Max Drawdown (5Y) Largest decline over 5 years	-64.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.07%	—	—
Current Drawdown Current decline from peak	-42.46%	-16.58%	-25.88%
Average Drawdown Average peak-to-trough decline	-36.27%	-3.51%	-32.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.11%	8.02%	+34.09%

Volatility

LRN vs. DFEN.DE - Volatility Comparison

Stride, Inc. (LRN) and VanEck Defense UCITS ETF A (DFEN.DE) have volatilities of 8.21% and 7.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LRN	DFEN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	7.93%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	24.17%	19.89%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	66.70%	25.41%	+41.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.40%	21.76%	+29.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.22%	21.76%	+27.46%

Dividends

LRN vs. DFEN.DE - Dividend Comparison

Neither LRN nor DFEN.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LRN and DFEN.DE in my portfolio?

LRN and DFEN.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.