VH2.DE vs. DFEN.DE

Last updated Jun 13, 2026

VH2.DE (Friedrich Vorwerk Group SE) is a stock, while DFEN.DE (VanEck Defense UCITS ETF A) is Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Over the past 3 years, VH2.DE returned 81.64%/yr vs 37.43%/yr for DFEN.DE. At a 0.24 correlation, their price movements are largely independent.

Performance

VH2.DE vs. DFEN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Friedrich Vorwerk Group SE (VH2.DE) and VanEck Defense UCITS ETF A (DFEN.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VH2.DE achieves a -18.84% return, which is significantly lower than DFEN.DE's 3.04% return.

VH2.DE

• 1D: 6.71%
• 1M: -11.59%
• YTD: -18.84%
• 6M: -18.24%
• 1Y: 12.57%
• 3Y*: 81.64%
• 5Y*: 10.33%
• 10Y*: —

DFEN.DE

• 1D: 0.60%
• 1M: 2.28%
• YTD: 3.04%
• 6M: 4.46%
• 1Y: 14.07%
• 3Y*: 37.43%
• 5Y*: —
• 10Y*: —

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

VH2.DE vs. DFEN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VH2.DE Friedrich Vorwerk Group SE	-18.84%	200.72%	77.44%	45.45%
DFEN.DE VanEck Defense UCITS ETF A	3.04%	50.76%	51.97%	22.65%

Correlation

The correlation between VH2.DE and DFEN.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023	0.24

Return for Risk

VH2.DE vs. DFEN.DE — Risk / Return Rank

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

VH2.DE

VH2.DE Risk / Return Rank: 50
VH2.DE Sharpe Ratio Rank: 51
VH2.DE Sortino Ratio Rank: 50
VH2.DE Omega Ratio Rank: 48
VH2.DE Calmar Ratio Rank: 50
VH2.DE Martin Ratio Rank: 49

DFEN.DE

DFEN.DE Risk / Return Rank: 19
DFEN.DE Sharpe Ratio Rank: 19
DFEN.DE Sortino Ratio Rank: 20
DFEN.DE Omega Ratio Rank: 19
DFEN.DE Calmar Ratio Rank: 20
DFEN.DE Martin Ratio Rank: 18

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.

VH2.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Friedrich Vorwerk Group SE (VH2.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VH2.DE	DFEN.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.56	-0.34
Sortino ratio: Return per unit of downside risk	0.77	0.97	-0.20
Omega ratio: Gain probability vs. loss probability	1.09	1.11	-0.02
Calmar ratio: Return relative to maximum drawdown	0.27	0.74	-0.47
Martin ratio: Return relative to average drawdown	0.58	1.72	-1.15

VH2.DE vs. DFEN.DE - Sharpe Ratio Comparison

The current VH2.DE Sharpe Ratio is 0.22, which is lower than the DFEN.DE Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of VH2.DE and DFEN.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VH2.DE vs. DFEN.DE - Drawdown Comparison

The maximum VH2.DE drawdown since its inception was -82.66%, which is greater than DFEN.DE's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for VH2.DE and DFEN.DE.

Drawdown Indicators

	VH2.DE	DFEN.DE	Difference
Max Drawdown Largest peak-to-trough decline	-82.66%	-18.88%	-63.78%
Max Drawdown (1Y) Largest decline over 1 year	-45.85%	-18.88%	-26.97%
Max Drawdown (3Y) Largest decline over 3 years	-45.85%	-18.88%	-26.97%
Max Drawdown (5Y) Largest decline over 5 years	-81.44%	—	—
Current Drawdown Current decline from peak	-37.57%	-16.01%	-21.56%
Average Drawdown Average peak-to-trough decline	-44.01%	-3.25%	-40.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.75%	8.15%	+13.60%

Volatility

VH2.DE vs. DFEN.DE - Volatility Comparison

Friedrich Vorwerk Group SE (VH2.DE) has a higher volatility of 15.89% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.34%. This indicates that VH2.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.

Volatility by Period

	VH2.DE	DFEN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.89%	7.34%	+8.55%
Volatility (6M) Calculated over the trailing 6-month period	40.29%	19.34%	+20.95%
Volatility (1Y) Calculated over the trailing 1-year period	57.29%	25.01%	+32.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.61%	21.22%	+31.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.88%	21.22%	+30.66%

Dividends

VH2.DE vs. DFEN.DE - Dividend Comparison

VH2.DE's dividend yield for the trailing twelve months is around 1.69%, while DFEN.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DFEN.DE VanEck Defense UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%
VH2.DE Friedrich Vorwerk Group SE	1.69%	0.37%	0.44%	0.77%	0.91%

Frequently Asked Questions

Can I hold both VH2.DE and DFEN.DE in my portfolio?

VH2.DE and DFEN.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.