VIGB.DE vs. DFEN.DE
VIGB.DE (VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - VIGB.DE is a European Government Bonds fund tracking the iBoxx® EUR Liquid Sovereigns Capped 1-5, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, VIGB.DE returned 0.07% vs 14.03% for DFEN.DE. At a 0.00 correlation, their price movements are largely independent. VIGB.DE charges 0.15%/yr vs 0.55%/yr for DFEN.DE.
Performance
VIGB.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VIGB.DE achieves a -0.33% return, which is significantly lower than DFEN.DE's 4.02% return.
VIGB.DE
- 1D
- 0.03%
- 1M
- 0.47%
- YTD
- -0.33%
- 6M
- -0.97%
- 1Y
- 0.07%
- 3Y*
- 2.16%
- 5Y*
- -0.69%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VIGB.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | -0.33% | 2.05% | 1.72% | 3.76% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between VIGB.DE and DFEN.DE is 0.06, 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.00 |
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Return for Risk
VIGB.DE vs. DFEN.DE — Risk / Return Rank
VIGB.DE
DFEN.DE
VIGB.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.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.
| VIGB.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 0.75 | -0.73 |
| Martin ratioReturn relative to average drawdown | 0.07 | 1.81 | -1.74 |
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
| VIGB.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.56 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 1.75 | -2.00 |
Drawdowns
VIGB.DE vs. DFEN.DE - Drawdown Comparison
The maximum VIGB.DE drawdown since its inception was -13.23%, smaller than the maximum DFEN.DE drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for VIGB.DE and DFEN.DE.
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Drawdown Indicators
| VIGB.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.23% | -18.60% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -18.60% | +15.86% |
Max Drawdown (3Y)Largest decline over 3 years | -2.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.82% | — | — |
Current DrawdownCurrent decline from peak | -5.45% | -15.21% | +9.76% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -3.27% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 7.72% | -6.71% |
Volatility
VIGB.DE vs. DFEN.DE - Volatility Comparison
The current volatility for VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF (VIGB.DE) is 0.74%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that VIGB.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
| VIGB.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 7.38% | -6.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 19.16% | -15.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 24.79% | -20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 21.47% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.02% | 21.47% | -18.45% |
VIGB.DE vs. DFEN.DE - Expense Ratio Comparison
VIGB.DE has a 0.15% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
VIGB.DE vs. DFEN.DE - Dividend Comparison
VIGB.DE's dividend yield for the trailing twelve months is around 1.06%, 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% |
VIGB.DE VanEck iBoxx EUR Sovereign Capped AAA-AA 1-5 UCITS ETF | 1.06% | 0.63% | 1.43% | 0.96% | 0.66% | 1.92% | 1.90% | 2.52% |
Frequently Asked Questions
VIGB.DE and DFEN.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VIGB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VIGB.DE is cheaper with a 0.15% expense ratio, compared with 0.55% for DFEN.DE.
VIGB.DE is categorized as European Government Bonds, while DFEN.DE is Aerospace & Defense. VIGB.DE tracks iBoxx® EUR Liquid Sovereigns Capped 1-5, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.15% for VIGB.DE and 0.55% for DFEN.DE.
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