UPGR vs. XDEF

Last updated Jun 4, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and XDEF (Xtrackers Europe Defense Technologies ETF) are both exchange-traded funds - UPGR is a Energy Equities fund tracking the Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while XDEF is a Aerospace & Defense fund tracking the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.

Performance

UPGR vs. XDEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers Europe Defense Technologies ETF (XDEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPGR

• 1D: -2.52%
• 1M: 12.74%
• YTD: 22.11%
• 6M: 20.09%
• 1Y: 71.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDEF

• 1D: -2.06%
• 1M: -2.01%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPGR vs. XDEF - Yearly Performance Comparison

	2026 (YTD)
UPGR Xtrackers US Green Infrastructure Select Equity ETF	18.10%
XDEF Xtrackers Europe Defense Technologies ETF	-99.17%

Correlation

The correlation between UPGR and XDEF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.34

Return for Risk

UPGR vs. XDEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UPGR

UPGR Risk / Return Rank: 68
UPGR Sharpe Ratio Rank: 73
UPGR Sortino Ratio Rank: 66
UPGR Omega Ratio Rank: 59
UPGR Calmar Ratio Rank: 82
UPGR Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UPGR vs. XDEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Xtrackers Europe Defense Technologies ETF (XDEF). 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.

	UPGR	XDEF	Difference
Sharpe ratio Return per unit of total volatility	2.37	—	—
Sortino ratio Return per unit of downside risk	3.04	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	4.34	—	—
Martin ratio Return relative to average drawdown	10.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UPGR	XDEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.64	+0.85

Drawdowns

UPGR vs. XDEF - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, smaller than the maximum XDEF drawdown of -99.30%. Use the drawdown chart below to compare losses from any high point for UPGR and XDEF.

Drawdown Indicators

	UPGR	XDEF	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-99.30%	+52.70%
Max Drawdown (1Y) Largest decline over 1 year	-16.55%	—	—
Current Drawdown Current decline from peak	-2.52%	-99.26%	+96.74%
Average Drawdown Average peak-to-trough decline	-20.53%	-70.45%	+49.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.73%	—	—

Volatility

Volatility by Period

	UPGR	XDEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.33%	157.63%	-127.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.51%	157.63%	-127.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.51%	157.63%	-127.12%

UPGR vs. XDEF - Expense Ratio Comparison

Both UPGR and XDEF have an expense ratio of 0.35%.

Dividends

UPGR vs. XDEF - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.27%, while XDEF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.27%	0.39%	1.16%	0.32%
XDEF Xtrackers Europe Defense Technologies ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPGR and XDEF in my portfolio?

UPGR and XDEF 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.

Which ETF is better, UPGR or XDEF?

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPGR or XDEF?

UPGR and XDEF have the same expense ratio: 0.35% per year.

Which ETF pays a higher dividend yield, UPGR or XDEF?

UPGR has the higher dividend yield at 0.27%, compared with 0.00% for XDEF.

What is the main difference between UPGR and XDEF?

UPGR is categorized as Energy Equities, while XDEF is Aerospace & Defense. UPGR tracks Solactive United States Green Infrastructure ESG Screened Index - Benchmark TR Gross, while XDEF tracks STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index.