SXRD.DE vs. ED3F.DE
SXRD.DE (iShares MSCI UK Small Cap UCITS ETF (Acc)) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - SXRD.DE is a Europe Equities fund tracking the MSCI UK Small Cap, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, SXRD.DE returned 7.66% vs -4.47% for ED3F.DE. At a 0.30 correlation, their price movements are largely independent. SXRD.DE charges 0.58%/yr vs 0.40%/yr for ED3F.DE.
Performance
SXRD.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRD.DE achieves a 3.78% return, which is significantly higher than ED3F.DE's 0.02% return.
SXRD.DE
- 1D
- 0.80%
- 1M
- 0.85%
- YTD
- 3.78%
- 6M
- 6.49%
- 1Y
- 7.66%
- 3Y*
- 9.84%
- 5Y*
- 1.10%
- 10Y*
- 3.75%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SXRD.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SXRD.DE iShares MSCI UK Small Cap UCITS ETF (Acc) | 3.78% | 5.18% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between SXRD.DE and ED3F.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.30 |
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Return for Risk
SXRD.DE vs. ED3F.DE — Risk / Return Rank
SXRD.DE
ED3F.DE
SXRD.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK Small Cap UCITS ETF (Acc) (SXRD.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| SXRD.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.08 | +0.73 |
| Martin ratioReturn relative to average drawdown | 2.10 | -0.18 | +2.28 |
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
| SXRD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | -0.06 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.15 | +0.31 |
Drawdowns
SXRD.DE vs. ED3F.DE - Drawdown Comparison
The maximum SXRD.DE drawdown since its inception was -47.59%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SXRD.DE and ED3F.DE.
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Drawdown Indicators
| SXRD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.59% | -23.91% | -23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -23.91% | +12.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.59% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -20.80% | +18.26% |
Average DrawdownAverage peak-to-trough decline | -10.21% | -8.37% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 10.25% | -6.61% |
Volatility
SXRD.DE vs. ED3F.DE - Volatility Comparison
The current volatility for iShares MSCI UK Small Cap UCITS ETF (Acc) (SXRD.DE) is 5.06%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that SXRD.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 10.58% | -5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 22.80% | -10.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 30.60% | -15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 30.42% | -12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 30.42% | -10.54% |
SXRD.DE vs. ED3F.DE - Expense Ratio Comparison
SXRD.DE has a 0.58% expense ratio, which is higher than ED3F.DE's 0.40% expense ratio.
Dividends
SXRD.DE vs. ED3F.DE - Dividend Comparison
Neither SXRD.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRD.DE and ED3F.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ED3F.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ED3F.DE is cheaper with a 0.40% expense ratio, compared with 0.58% for SXRD.DE.
SXRD.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. SXRD.DE tracks MSCI UK Small Cap, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.58% for SXRD.DE and 0.40% for ED3F.DE.
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