S7XE.DE vs. DFEN.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, S7XE.DE returned 36.30% vs 12.18% for DFEN.DE. At a 0.28 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.55%/yr for DFEN.DE.
Performance
S7XE.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly higher than DFEN.DE's 4.02% return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
DFEN.DE
- 1D
- 0.30%
- 1M
- -2.84%
- YTD
- 4.02%
- 6M
- 8.12%
- 1Y
- 12.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
S7XE.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 13.32% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between S7XE.DE and DFEN.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.28 |
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Return for Risk
S7XE.DE vs. DFEN.DE — Risk / Return Rank
S7XE.DE
DFEN.DE
S7XE.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) 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.
| S7XE.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 0.75 | +1.45 |
| Martin ratioReturn relative to average drawdown | 6.92 | 1.81 | +5.11 |
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
| S7XE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.56 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.75 | -1.52 |
Drawdowns
S7XE.DE vs. DFEN.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and DFEN.DE.
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Drawdown Indicators
| S7XE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -18.60% | -46.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -18.60% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -15.21% | +13.19% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -3.27% | -19.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 7.72% | -2.18% |
Volatility
S7XE.DE vs. DFEN.DE - Volatility Comparison
The current volatility for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) is 6.10%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that S7XE.DE experiences smaller price fluctuations and is considered to be less risky 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
| S7XE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 7.38% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 19.16% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 24.79% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 21.47% | +4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 21.47% | +7.19% |
S7XE.DE vs. DFEN.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
S7XE.DE vs. DFEN.DE - Dividend Comparison
Neither S7XE.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and DFEN.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for DFEN.DE.
S7XE.DE is categorized as Financials Equities, while DFEN.DE is Aerospace & Defense. S7XE.DE tracks EURO STOXX® Optimised Banks, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.30% for S7XE.DE and 0.55% for DFEN.DE.
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