REGB.L vs. DFNS.L
REGB.L (VanEck Rare Earth and Strategic Metals UCITS ETF A) and DFNS.L (VanEck Defense UCITS ETF) are both exchange-traded funds - REGB.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while DFNS.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 39.35%/yr for DFNS.L. At a 0.25 correlation, their price movements are largely independent. REGB.L charges 0.59%/yr vs 0.55%/yr for DFNS.L.
Performance
REGB.L vs. DFNS.L - Performance Comparison
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Different Trading Currencies
REGB.L is traded in GBP, while DFNS.L is traded in USD. To make them comparable, the DFNS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, REGB.L achieves a 31.29% return, which is significantly higher than DFNS.L's 3.81% return.
REGB.L
- 1D
- -1.86%
- 1M
- -6.24%
- YTD
- 31.29%
- 6M
- 38.96%
- 1Y
- 162.45%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
DFNS.L
- 1D
- 0.49%
- 1M
- -3.47%
- YTD
- 3.81%
- 6M
- 6.00%
- 1Y
- 17.26%
- 3Y*
- 39.35%
- 5Y*
- —
- 10Y*
- —
REGB.L vs. DFNS.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% |
DFNS.L VanEck Defense UCITS ETF | 3.81% | 56.23% | 46.26% | 23.06% |
Correlation
The correlation between REGB.L and DFNS.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2023 | 0.25 |
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Return for Risk
REGB.L vs. DFNS.L — Risk / Return Rank
REGB.L
DFNS.L
REGB.L vs. DFNS.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 UCITS ETF (DFNS.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 | DFNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.13 | +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 | DFNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.58 | 0.70 | +2.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 1.92 | -1.90 |
Drawdowns
REGB.L vs. DFNS.L - Drawdown Comparison
The maximum REGB.L drawdown since its inception was -72.41%, which is greater than DFNS.L's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for REGB.L and DFNS.L.
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Drawdown Indicators
| REGB.L | DFNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.41% | -18.58% | -53.83% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -18.58% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -60.97% | -18.58% | -42.39% |
Current DrawdownCurrent decline from peak | -23.30% | -15.40% | -7.90% |
Average DrawdownAverage peak-to-trough decline | -40.12% | -3.20% | -36.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 7.53% | +0.26% |
Volatility
REGB.L vs. DFNS.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 UCITS ETF (DFNS.L) at 8.01%. This indicates that REGB.L's price experiences larger fluctuations and is considered to be riskier than DFNS.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 | DFNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.31% | 8.01% | +5.30% |
Volatility (6M)Calculated over the trailing 6-month period | 31.52% | 18.97% | +12.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.11% | 24.46% | +20.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.61% | 20.96% | +23.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.61% | 20.96% | +23.65% |
REGB.L vs. DFNS.L - Expense Ratio Comparison
REGB.L has a 0.59% expense ratio, which is higher than DFNS.L's 0.55% expense ratio.
Dividends
REGB.L vs. DFNS.L - Dividend Comparison
Neither REGB.L nor DFNS.L has paid dividends to shareholders.
Frequently Asked Questions
REGB.L and DFNS.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DFNS.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DFNS.L is cheaper with a 0.55% expense ratio, compared with 0.59% for REGB.L.
REGB.L is categorized as Precious Metals, while DFNS.L is Aerospace & Defense. REGB.L tracks EMIX Global Mining Global Gold TR USD, while DFNS.L tracks MarketVector™ Global Defense Industry Index. Their fees differ too: 0.59% for REGB.L and 0.55% for DFNS.L.
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