VLED.DE vs. ED3F.DE
VLED.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - VLED.DE is a Europe Equities fund tracking the BNP Paribas Low Vol 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, VLED.DE returned 6.17% vs -1.88% for ED3F.DE. At a 0.26 correlation, their price movements are largely independent. VLED.DE charges 0.30%/yr vs 0.40%/yr for ED3F.DE.
Performance
VLED.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VLED.DE achieves a 4.74% return, which is significantly higher than ED3F.DE's 0.02% return.
VLED.DE
- 1D
- 0.71%
- 1M
- 0.89%
- YTD
- 4.74%
- 6M
- 6.73%
- 1Y
- 6.17%
- 3Y*
- 10.02%
- 5Y*
- 7.61%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VLED.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VLED.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.74% | 0.85% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between VLED.DE and ED3F.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.26 |
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Return for Risk
VLED.DE vs. ED3F.DE — Risk / Return Rank
VLED.DE
ED3F.DE
VLED.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLED.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.
| VLED.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.01 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.08 | +0.68 |
| Martin ratioReturn relative to average drawdown | 1.76 | -0.18 | +1.94 |
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
| VLED.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.06 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.15 | +0.43 |
Drawdowns
VLED.DE vs. ED3F.DE - Drawdown Comparison
The maximum VLED.DE drawdown since its inception was -32.22%, 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 VLED.DE and ED3F.DE.
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Drawdown Indicators
| VLED.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -23.91% | -8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -23.91% | +13.68% |
Max Drawdown (3Y)Largest decline over 3 years | -12.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.88% | — | — |
Current DrawdownCurrent decline from peak | -4.64% | -20.80% | +16.16% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -8.37% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 10.25% | -6.75% |
Volatility
VLED.DE vs. ED3F.DE - Volatility Comparison
The current volatility for BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLED.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 VLED.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
| VLED.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 | 9.70% | 22.80% | -13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 30.60% | -18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.30% | 30.42% | -18.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.50% | 30.42% | -16.92% |
VLED.DE vs. ED3F.DE - Expense Ratio Comparison
VLED.DE has a 0.30% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
VLED.DE vs. ED3F.DE - Dividend Comparison
VLED.DE's dividend yield for the trailing twelve months is around 2.68%, 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% |
VLED.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 2.68% | 2.94% | 2.30% | 2.02% | 2.83% | 1.82% | 2.68% | 3.20% | 3.74% |
Frequently Asked Questions
VLED.DE and ED3F.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VLED.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VLED.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for ED3F.DE.
VLED.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. VLED.DE tracks BNP Paribas Low Vol 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 VLED.DE and 0.40% for ED3F.DE.
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