TSWE.DE vs. DFEN.DE
TSWE.DE (VanEck Sustainable World Equal Weight UCITS ETF A) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - TSWE.DE is a Global Equities fund tracking the Solactive Sustainable World Equity, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, TSWE.DE returned 25.79% vs 14.03% for DFEN.DE. At a 0.50 correlation, their price movements are largely independent. TSWE.DE charges 0.20%/yr vs 0.55%/yr for DFEN.DE.
Performance
TSWE.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TSWE.DE achieves a 13.30% return, which is significantly higher than DFEN.DE's 4.02% return.
TSWE.DE
- 1D
- -0.01%
- 1M
- 6.60%
- YTD
- 13.30%
- 6M
- 15.30%
- 1Y
- 25.79%
- 3Y*
- 17.12%
- 5Y*
- 11.66%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSWE.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 13.30% | 13.87% | 16.42% | 5.73% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between TSWE.DE and DFEN.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.50 |
The correlation between TSWE.DE and DFEN.DE shifts across timeframes, from 0.36 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TSWE.DE vs. DFEN.DE — Risk / Return Rank
TSWE.DE
DFEN.DE
TSWE.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.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.
| TSWE.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.11 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 0.75 | +2.45 |
| Martin ratioReturn relative to average drawdown | 12.60 | 1.81 | +10.79 |
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
| TSWE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.56 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.75 | -0.93 |
Drawdowns
TSWE.DE vs. DFEN.DE - Drawdown Comparison
The maximum TSWE.DE drawdown since its inception was -33.61%, 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 TSWE.DE and DFEN.DE.
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Drawdown Indicators
| TSWE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -18.60% | -15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -18.60% | +10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -15.21% | +15.10% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.27% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 7.72% | -5.68% |
Volatility
TSWE.DE vs. DFEN.DE - Volatility Comparison
The current volatility for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) is 3.04%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that TSWE.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
| TSWE.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 7.38% | -4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 19.16% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 24.79% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 21.47% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 21.47% | -5.58% |
TSWE.DE vs. DFEN.DE - Expense Ratio Comparison
TSWE.DE has a 0.20% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
TSWE.DE vs. DFEN.DE - Dividend Comparison
TSWE.DE's dividend yield for the trailing twelve months is around 1.83%, while DFEN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DFEN.DE VanEck Defense UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 1.83% | 1.94% | 2.19% | 2.22% | 2.37% | 1.63% | 1.87% | 2.32% |
Frequently Asked Questions
TSWE.DE and DFEN.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSWE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSWE.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for DFEN.DE.
TSWE.DE is categorized as Global Equities, while DFEN.DE is Aerospace & Defense. TSWE.DE tracks Solactive Sustainable World Equity, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.20% for TSWE.DE and 0.55% for DFEN.DE.
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