V0IH.DE vs. DFEN.DE
V0IH.DE (VanEck Oil Services UCITS ETF A) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - V0IH.DE is a Energy Equities fund tracking the MarketVector US Listed Oil Services 10% Capped, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, V0IH.DE returned 95.72% vs 12.18% for DFEN.DE. At a 0.24 correlation, their price movements are largely independent. V0IH.DE charges 0.35%/yr vs 0.55%/yr for DFEN.DE.
Performance
V0IH.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V0IH.DE achieves a 55.27% return, which is significantly higher than DFEN.DE's 4.02% return.
V0IH.DE
- 1D
- 0.53%
- 1M
- 1.36%
- YTD
- 55.27%
- 6M
- 44.59%
- 1Y
- 95.72%
- 3Y*
- 18.80%
- 5Y*
- —
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -2.84%
- YTD
- 4.02%
- 6M
- 8.12%
- 1Y
- 12.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
V0IH.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
V0IH.DE VanEck Oil Services UCITS ETF A | 55.27% | -0.77% | -6.42% | 14.67% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between V0IH.DE and DFEN.DE is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.24 |
The correlation between V0IH.DE and DFEN.DE shifts across timeframes, from 0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
V0IH.DE vs. DFEN.DE — Risk / Return Rank
V0IH.DE
DFEN.DE
V0IH.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Oil Services UCITS ETF A (V0IH.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.
| V0IH.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.11 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 10.49 | 0.75 | +9.74 |
| Martin ratioReturn relative to average drawdown | 24.98 | 1.81 | +23.16 |
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
| V0IH.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.30 | 0.56 | +2.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.75 | -1.19 |
Drawdowns
V0IH.DE vs. DFEN.DE - Drawdown Comparison
The maximum V0IH.DE drawdown since its inception was -44.39%, 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 V0IH.DE and DFEN.DE.
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Drawdown Indicators
| V0IH.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.39% | -18.60% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -18.60% | +9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -44.39% | — | — |
Current DrawdownCurrent decline from peak | -3.97% | -15.21% | +11.24% |
Average DrawdownAverage peak-to-trough decline | -15.06% | -3.27% | -11.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 7.72% | -3.90% |
Volatility
V0IH.DE vs. DFEN.DE - Volatility Comparison
VanEck Oil Services UCITS ETF A (V0IH.DE) has a higher volatility of 8.79% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.38%. This indicates that V0IH.DE's price experiences larger fluctuations and is considered to be riskier 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
| V0IH.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 7.38% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 19.16% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.00% | 24.79% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.69% | 21.47% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.69% | 21.47% | +8.22% |
V0IH.DE vs. DFEN.DE - Expense Ratio Comparison
V0IH.DE has a 0.35% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
V0IH.DE vs. DFEN.DE - Dividend Comparison
Neither V0IH.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
V0IH.DE and DFEN.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V0IH.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V0IH.DE is cheaper with a 0.35% expense ratio, compared with 0.55% for DFEN.DE.
V0IH.DE is categorized as Energy Equities, while DFEN.DE is Aerospace & Defense. V0IH.DE tracks MarketVector US Listed Oil Services 10% Capped, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.35% for V0IH.DE and 0.55% for DFEN.DE.
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