REGB.L vs. DFNG.L
REGB.L (VanEck Rare Earth and Strategic Metals UCITS ETF A) and DFNG.L (VanEck Defense ETF A USD Acc GBP) are both exchange-traded funds - REGB.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index. Both are passively managed. Over the past 3 years, REGB.L returned 3.20%/yr vs 39.23%/yr for DFNG.L. At a 0.24 correlation, their price movements are largely independent. REGB.L charges 0.59%/yr vs 0.55%/yr for DFNG.L.
Performance
REGB.L vs. DFNG.L - Performance Comparison
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Returns By Period
In the year-to-date period, REGB.L achieves a 31.29% return, which is significantly higher than DFNG.L's 3.59% return.
REGB.L
- 1D
- -1.86%
- 1M
- -6.24%
- YTD
- 31.29%
- 6M
- 38.96%
- 1Y
- 162.45%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
DFNG.L
- 1D
- 0.47%
- 1M
- -3.43%
- YTD
- 3.59%
- 6M
- 5.95%
- 1Y
- 17.04%
- 3Y*
- 39.23%
- 5Y*
- —
- 10Y*
- —
REGB.L vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
REGB.L VanEck Rare Earth and Strategic Metals UCITS ETF A | 31.29% | 75.67% | -34.55% | -22.81% |
DFNG.L VanEck Defense ETF A USD Acc GBP | 3.59% | 56.54% | 46.20% | 22.89% |
Correlation
The correlation between REGB.L and DFNG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.24 |
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Return for Risk
REGB.L vs. DFNG.L — Risk / Return Rank
REGB.L
DFNG.L
REGB.L vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) and VanEck Defense ETF A USD Acc GBP (DFNG.L). 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.
| REGB.L | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.14 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 7.71 | 0.92 | +6.79 |
| Martin ratioReturn relative to average drawdown | 20.77 | 2.28 | +18.49 |
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
| REGB.L | DFNG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.58 | 0.70 | +2.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 1.97 | -1.96 |
Drawdowns
REGB.L vs. DFNG.L - Drawdown Comparison
The maximum REGB.L drawdown since its inception was -72.41%, which is greater than DFNG.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for REGB.L and DFNG.L.
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Drawdown Indicators
| REGB.L | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.41% | -18.38% | -54.03% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -18.38% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -60.97% | -18.38% | -42.59% |
Current DrawdownCurrent decline from peak | -23.30% | -15.37% | -7.93% |
Average DrawdownAverage peak-to-trough decline | -40.12% | -3.13% | -36.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 7.46% | +0.33% |
Volatility
REGB.L vs. DFNG.L - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) has a higher volatility of 13.31% compared to VanEck Defense ETF A USD Acc GBP (DFNG.L) at 7.88%. This indicates that REGB.L's price experiences larger fluctuations and is considered to be riskier than DFNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REGB.L | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 7.88% | +5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 31.52% | 18.71% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 24.17% | +20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.61% | 20.38% | +24.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.61% | 20.38% | +24.23% |
REGB.L vs. DFNG.L - Expense Ratio Comparison
REGB.L has a 0.59% expense ratio, which is higher than DFNG.L's 0.55% expense ratio.
Dividends
REGB.L vs. DFNG.L - Dividend Comparison
Neither REGB.L nor DFNG.L has paid dividends to shareholders.
Frequently Asked Questions
REGB.L and DFNG.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFNG.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFNG.L is cheaper with a 0.55% expense ratio, compared with 0.59% for REGB.L.
REGB.L is categorized as Precious Metals, while DFNG.L is Aerospace & Defense. REGB.L tracks EMIX Global Mining Global Gold TR USD, while DFNG.L tracks MarketVector Global Defense Industry index. Their fees differ too: 0.59% for REGB.L and 0.55% for DFNG.L.
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