VALD.DE vs. ED3F.DE
VALD.DE (BNP Paribas Easy ESG Value Europe UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - VALD.DE is a Europe Equities fund tracking the BNP Paribas Value Europe ESG, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, VALD.DE returned 18.73% vs -1.88% for ED3F.DE. At a 0.22 correlation, their price movements are largely independent. VALD.DE charges 0.30%/yr vs 0.40%/yr for ED3F.DE.
Performance
VALD.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VALD.DE achieves a 10.40% return, which is significantly higher than ED3F.DE's 0.02% return.
VALD.DE
- 1D
- 0.88%
- 1M
- 1.88%
- YTD
- 10.40%
- 6M
- 13.48%
- 1Y
- 18.73%
- 3Y*
- 16.67%
- 5Y*
- 7.81%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VALD.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 10.40% | 7.89% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between VALD.DE and ED3F.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.22 |
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Return for Risk
VALD.DE vs. ED3F.DE — Risk / Return Rank
VALD.DE
ED3F.DE
VALD.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.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.
| VALD.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.01 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | -0.08 | +2.55 |
| Martin ratioReturn relative to average drawdown | 8.35 | -0.18 | +8.53 |
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
| VALD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | -0.06 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.15 | +0.24 |
Drawdowns
VALD.DE vs. ED3F.DE - Drawdown Comparison
The maximum VALD.DE drawdown since its inception was -41.02%, 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 VALD.DE and ED3F.DE.
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Drawdown Indicators
| VALD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -23.91% | -17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -23.91% | +16.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | — | — |
Current DrawdownCurrent decline from peak | -0.96% | -20.80% | +19.84% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -8.37% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 10.25% | -8.01% |
Volatility
VALD.DE vs. ED3F.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Value Europe UCITS ETF (VALD.DE) is 3.80%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that VALD.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
| VALD.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 10.58% | -6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 22.80% | -13.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 30.60% | -19.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 30.42% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 30.42% | -14.53% |
VALD.DE vs. ED3F.DE - Expense Ratio Comparison
VALD.DE has a 0.30% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
VALD.DE vs. ED3F.DE - Dividend Comparison
VALD.DE's dividend yield for the trailing twelve months is around 3.00%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VALD.DE BNP Paribas Easy ESG Value Europe UCITS ETF | 3.00% | 3.36% | 3.35% | 3.36% | 3.99% | 2.17% | 5.02% | 4.92% | 4.84% |
Frequently Asked Questions
VALD.DE and ED3F.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALD.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALD.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.
VALD.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. VALD.DE tracks BNP Paribas Value Europe ESG, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: BNP Paribas and Global X. Their fees differ too: 0.30% for VALD.DE and 0.40% for ED3F.DE.
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