REMX.L vs. DFNS.L
REMX.L (VanEck Rare Earth and Strategic Metals UCITS ETF) and DFNS.L (VanEck Defense UCITS ETF) are both exchange-traded funds - REMX.L is a Commodities fund tracking the VanEck Rare Earth and Strategic Metals UCITS ETF, while DFNS.L is a Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index. Both are passively managed. Over the past 3 years, REMX.L returned -3.25%/yr vs 35.29%/yr for DFNS.L. At a 0.30 correlation, their price movements are largely independent. REMX.L charges 0.59%/yr vs 0.55%/yr for DFNS.L.
Performance
REMX.L vs. DFNS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, REMX.L achieves a 2.13% return, which is significantly higher than DFNS.L's -5.22% return.
REMX.L
- 1D
- -1.68%
- 1M
- -23.14%
- 6M
- -17.06%
- YTD
- 2.13%
- 1Y
- 60.74%
- 3Y*
- -3.25%
- 5Y*
- —
- 10Y*
- —
DFNS.L
- 1D
- 0.00%
- 1M
- -5.79%
- 6M
- -20.35%
- YTD
- -5.22%
- 1Y
- 2.66%
- 3Y*
- 35.29%
- 5Y*
- —
- 10Y*
- —
REMX.L vs. DFNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
REMX.L VanEck Rare Earth and Strategic Metals UCITS ETF | 2.13% | 88.79% | -35.65% | -23.66% |
DFNS.L VanEck Defense UCITS ETF | -5.22% | 68.21% | 43.74% | 25.97% |
Correlation
The correlation between REMX.L and DFNS.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REMX.L vs. DFNS.L — Risk / Return Rank
REMX.L
DFNS.L
REMX.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 (REMX.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.
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.
| REMX.L | DFNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.11 | +1.82 |
| Martin ratioReturn relative to average drawdown | 5.64 | 0.26 | +5.38 |
Loading charts...
Drawdowns
REMX.L vs. DFNS.L - Drawdown Comparison
The maximum REMX.L drawdown since its inception was -73.21%, which is greater than DFNS.L's maximum drawdown of -25.29%. Use the drawdown chart below to compare losses from any high point for REMX.L and DFNS.L.
Loading charts...
Drawdown Indicators
| REMX.L | DFNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.21% | -25.29% | -47.92% |
Max Drawdown (1Y)Largest decline over 1 year | -31.73% | -25.29% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -60.69% | -25.29% | -35.40% |
Current DrawdownCurrent decline from peak | -39.14% | -22.48% | -16.66% |
Average DrawdownAverage peak-to-trough decline | -41.58% | -3.97% | -37.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 10.18% | +0.68% |
Volatility
REMX.L vs. DFNS.L - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF (REMX.L) has a higher volatility of 11.26% compared to VanEck Defense UCITS ETF (DFNS.L) at 8.92%. This indicates that REMX.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.
Loading charts...
Volatility by Period
| REMX.L | DFNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.26% | 8.92% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 34.16% | 19.77% | +14.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.91% | 25.92% | +20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.71% | 21.86% | +32.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.71% | 21.86% | +32.85% |
REMX.L vs. DFNS.L - Expense Ratio Comparison
REMX.L has a 0.59% expense ratio, which is higher than DFNS.L's 0.55% expense ratio.
Dividends
REMX.L vs. DFNS.L - Dividend Comparison
Neither REMX.L nor DFNS.L has paid dividends to shareholders.
Frequently Asked Questions
REMX.L and DFNS.L have a correlation of 0.34, 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 REMX.L.
REMX.L is categorized as Commodities, while DFNS.L is Aerospace & Defense. REMX.L tracks VanEck Rare Earth and Strategic Metals UCITS ETF, while DFNS.L tracks MarketVector™ Global Defense Industry Index. Their fees differ too: 0.59% for REMX.L and 0.55% for DFNS.L.
Find the right allocation for REMX.L and DFNS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer