OM3X.DE vs. ED3F.DE
OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - OM3X.DE is a Europe Equities fund tracking the OMX Stockholm Benchmark Cap, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, OM3X.DE returned 21.25% vs -5.04% for ED3F.DE. At a 0.21 correlation, their price movements are largely independent. OM3X.DE charges 0.10%/yr vs 0.40%/yr for ED3F.DE.
Performance
OM3X.DE vs. ED3F.DE - Performance Comparison
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Different Trading Currencies
OM3X.DE is traded in SEK, while ED3F.DE is traded in EUR. To make them comparable, the ED3F.DE values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, OM3X.DE achieves a 9.44% return, which is significantly higher than ED3F.DE's 0.80% return.
OM3X.DE
- 1D
- 0.38%
- 1M
- -0.04%
- YTD
- 9.44%
- 6M
- 10.91%
- 1Y
- 21.25%
- 3Y*
- 12.08%
- 5Y*
- 7.19%
- 10Y*
- —
ED3F.DE
- 1D
- -0.67%
- 1M
- -8.21%
- YTD
- 0.80%
- 6M
- 4.17%
- 1Y
- -5.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3X.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 9.44% | 11.98% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.80% | 4.16% |
Correlation
The correlation between OM3X.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 |
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Return for Risk
OM3X.DE vs. ED3F.DE — Risk / Return Rank
OM3X.DE
ED3F.DE
OM3X.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OM3X.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.
| OM3X.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.01 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.10 | +2.04 |
| Martin ratioReturn relative to average drawdown | 7.36 | -0.22 | +7.58 |
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
| OM3X.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | -0.08 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.16 | +0.45 |
Drawdowns
OM3X.DE vs. ED3F.DE - Drawdown Comparison
The maximum OM3X.DE drawdown since its inception was -32.86%, which is greater than ED3F.DE's maximum drawdown of -21.99%. Use the drawdown chart below to compare losses from any high point for OM3X.DE and ED3F.DE.
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Drawdown Indicators
| OM3X.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.86% | -21.99% | -10.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -21.99% | +10.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.41% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -19.51% | +17.94% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -8.17% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 10.17% | -7.22% |
Volatility
OM3X.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) is 4.70%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 9.69%. This indicates that OM3X.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.
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Volatility by Period
| OM3X.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 9.69% | -4.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 21.59% | -9.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 29.58% | -14.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 29.53% | -12.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 29.53% | -12.04% |
OM3X.DE vs. ED3F.DE - Expense Ratio Comparison
OM3X.DE has a 0.10% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
OM3X.DE vs. ED3F.DE - Dividend Comparison
Neither OM3X.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
OM3X.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.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for ED3F.DE.
OM3X.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. OM3X.DE tracks OMX Stockholm Benchmark Cap, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.10% for OM3X.DE and 0.40% for ED3F.DE.
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