PLMR vs. DFEN.DE
PLMR (Palomar Holdings, 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, PLMR returned 25.45%/yr vs 40.64%/yr for DFEN.DE. At a 0.17 correlation, their price movements are largely independent.
Performance
PLMR vs. DFEN.DE - Performance Comparison
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Different Trading Currencies
PLMR 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, PLMR achieves a -14.77% return, which is significantly lower than DFEN.DE's 1.46% return.
PLMR
- 1D
- -0.26%
- 1M
- 6.19%
- YTD
- -14.77%
- 6M
- -9.27%
- 1Y
- -28.70%
- 3Y*
- 25.45%
- 5Y*
- 8.52%
- 10Y*
- —
DFEN.DE
- 1D
- 0.49%
- 1M
- 1.00%
- YTD
- 1.46%
- 6M
- 2.92%
- 1Y
- 13.94%
- 3Y*
- 40.64%
- 5Y*
- —
- 10Y*
- —
PLMR vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PLMR Palomar Holdings, Inc. | -14.77% | 27.63% | 90.25% | 4.32% |
DFEN.DE VanEck Defense UCITS ETF A | 1.46% | 70.20% | 43.28% | 24.17% |
Correlation
The correlation between PLMR and DFEN.DE is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.17 |
The correlation between PLMR and DFEN.DE shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PLMR vs. DFEN.DE — Risk / Return Rank
PLMR
DFEN.DE
PLMR vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palomar Holdings, Inc. (PLMR) 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.
| PLMR | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.11 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.71 | -1.48 |
| Martin ratioReturn relative to average drawdown | -1.19 | 1.73 | -2.92 |
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Drawdowns
PLMR vs. DFEN.DE - Drawdown Comparison
The maximum PLMR drawdown since its inception was -62.86%, 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 PLMR and DFEN.DE.
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Drawdown Indicators
| PLMR | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.86% | -19.59% | -43.27% |
Max Drawdown (1Y)Largest decline over 1 year | -37.51% | -19.59% | -17.92% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -19.59% | -22.68% |
Max Drawdown (5Y)Largest decline over 5 years | -53.81% | — | — |
Current DrawdownCurrent decline from peak | -34.62% | -16.58% | -18.04% |
Average DrawdownAverage peak-to-trough decline | -28.81% | -3.51% | -25.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.17% | 8.02% | +16.15% |
Volatility
PLMR vs. DFEN.DE - Volatility Comparison
Palomar Holdings, Inc. (PLMR) has a higher volatility of 11.03% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.93%. This indicates that PLMR'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
| PLMR | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 7.93% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 23.78% | 19.89% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.57% | 25.41% | +11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.68% | 21.76% | +20.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.88% | 21.76% | +26.12% |
Dividends
PLMR vs. DFEN.DE - Dividend Comparison
Neither PLMR nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
PLMR and DFEN.DE have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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