WMIN.DE vs. DFEN.DE
WMIN.DE (VanEck S&P Global Mining UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - WMIN.DE is a Commodity Producers Equities fund tracking the S&P Global Mining Reduced Coal Index, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past 3 years, WMIN.DE returned 21.06%/yr vs 34.20%/yr for DFEN.DE. At a 0.29 correlation, their price movements are largely independent. WMIN.DE charges 0.50%/yr vs 0.55%/yr for DFEN.DE.
Performance
WMIN.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WMIN.DE achieves a 1.03% return, which is significantly higher than DFEN.DE's -3.41% return.
WMIN.DE
- 1D
- -0.81%
- 1M
- -12.51%
- 6M
- -10.19%
- YTD
- 1.03%
- 1Y
- 56.11%
- 3Y*
- 21.06%
- 5Y*
- 13.57%
- 10Y*
- —
DFEN.DE
- 1D
- -0.24%
- 1M
- -4.70%
- 6M
- -19.37%
- YTD
- -3.41%
- 1Y
- 3.74%
- 3Y*
- 34.20%
- 5Y*
- —
- 10Y*
- —
WMIN.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WMIN.DE VanEck S&P Global Mining UCITS ETF | 1.03% | 71.98% | -2.56% | -1.15% |
DFEN.DE VanEck Defense UCITS ETF A | -3.41% | 50.76% | 51.97% | 22.65% |
Correlation
The correlation between WMIN.DE and DFEN.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.29 |
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Return for Risk
WMIN.DE vs. DFEN.DE — Risk / Return Rank
WMIN.DE
DFEN.DE
WMIN.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (WMIN.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.
| WMIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.05 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 0.16 | +2.08 |
| Martin ratioReturn relative to average drawdown | 5.91 | 0.37 | +5.54 |
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Drawdowns
WMIN.DE vs. DFEN.DE - Drawdown Comparison
The maximum WMIN.DE drawdown since its inception was -38.93%, which is greater than DFEN.DE's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for WMIN.DE and DFEN.DE.
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Drawdown Indicators
| WMIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -23.39% | -15.54% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -23.39% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -23.39% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | — | — |
Current DrawdownCurrent decline from peak | -21.76% | -21.27% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -3.70% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 10.03% | -0.77% |
Volatility
WMIN.DE vs. DFEN.DE - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (WMIN.DE) has a higher volatility of 10.76% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 8.52%. This indicates that WMIN.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.
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Volatility by Period
| WMIN.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.76% | 8.52% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 29.68% | 18.86% | +10.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 25.75% | +9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 21.46% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.38% | 21.46% | +6.92% |
WMIN.DE vs. DFEN.DE - Expense Ratio Comparison
WMIN.DE has a 0.50% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
WMIN.DE vs. DFEN.DE - Dividend Comparison
Neither WMIN.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
WMIN.DE and DFEN.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WMIN.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WMIN.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for DFEN.DE.
WMIN.DE is categorized as Commodity Producers Equities, while DFEN.DE is Aerospace & Defense. WMIN.DE tracks S&P Global Mining Reduced Coal Index, while DFEN.DE tracks MarketVector Global Defense Industry Index. Their fees differ too: 0.50% for WMIN.DE and 0.55% for DFEN.DE.
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