VVGM.DE vs. DFEN.DE
VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, VVGM.DE returned 6.67% vs 12.18% for DFEN.DE. A 0.50 correlation means they provide meaningful diversification when combined. VVGM.DE charges 0.52%/yr vs 0.55%/yr for DFEN.DE.
Performance
VVGM.DE vs. DFEN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly lower than DFEN.DE's 4.02% return.
VVGM.DE
- 1D
- 0.63%
- 1M
- -0.91%
- YTD
- 0.57%
- 6M
- 0.63%
- 1Y
- 6.67%
- 3Y*
- 10.24%
- 5Y*
- 7.42%
- 10Y*
- —
DFEN.DE
- 1D
- 0.30%
- 1M
- -2.84%
- YTD
- 4.02%
- 6M
- 8.12%
- 1Y
- 12.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VVGM.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | 0.57% | 11.67% | 16.13% | 1.69% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between VVGM.DE and DFEN.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.50 |
The correlation between VVGM.DE and DFEN.DE has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VVGM.DE vs. DFEN.DE — Risk / Return Rank
VVGM.DE
DFEN.DE
VVGM.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.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.
| VVGM.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.75 | -0.07 |
| Martin ratioReturn relative to average drawdown | 2.16 | 1.81 | +0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VVGM.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.56 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.75 | -1.04 |
Drawdowns
VVGM.DE vs. DFEN.DE - Drawdown Comparison
The maximum VVGM.DE drawdown since its inception was -17.74%, roughly equal to the maximum DFEN.DE drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and DFEN.DE.
Loading charts...
Drawdown Indicators
| VVGM.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -18.60% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -18.60% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | — | — |
Current DrawdownCurrent decline from peak | -4.90% | -15.21% | +10.31% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.27% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 7.72% | -4.26% |
Volatility
VVGM.DE vs. DFEN.DE - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) is 4.13%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that VVGM.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.
Loading charts...
Volatility by Period
| VVGM.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 7.38% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 19.16% | -8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 24.79% | -12.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 21.47% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 21.47% | -7.75% |
VVGM.DE vs. DFEN.DE - Expense Ratio Comparison
VVGM.DE has a 0.52% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
VVGM.DE vs. DFEN.DE - Dividend Comparison
Neither VVGM.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
VVGM.DE and DFEN.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVGM.DE is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVGM.DE is cheaper with a 0.52% expense ratio, compared with 0.55% for DFEN.DE.
VVGM.DE is categorized as Global Equities, while DFEN.DE is Aerospace & Defense. VVGM.DE tracks Morningstar Global Wide Moat Focus, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.52% for VVGM.DE and 0.55% for DFEN.DE.
Find the right allocation for VVGM.DE and DFEN.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer