XHYA.DE vs. DFNS.L
XHYA.DE (Xtrackers EUR High Yield Corporate Bond UCITS ETF) and DFNS.L (VanEck Defense UCITS ETF) are both exchange-traded funds - XHYA.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while DFNS.L is a Aerospace & Defense fund tracking the MarketVector™ Global Defense Industry Index. Both are passively managed. Over the past 3 years, XHYA.DE returned 6.14%/yr vs 37.18%/yr for DFNS.L. At a 0.27 correlation, their price movements are largely independent. XHYA.DE charges 0.20%/yr vs 0.55%/yr for DFNS.L.
Performance
XHYA.DE vs. DFNS.L - Performance Comparison
Loading charts...
Different Trading Currencies
XHYA.DE is traded in EUR, while DFNS.L is traded in USD. To make them comparable, the DFNS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XHYA.DE achieves a 1.17% return, which is significantly lower than DFNS.L's 2.37% return.
XHYA.DE
- 1D
- 0.12%
- 1M
- 0.58%
- YTD
- 1.17%
- 6M
- 1.55%
- 1Y
- 3.24%
- 3Y*
- 6.14%
- 5Y*
- 2.67%
- 10Y*
- —
DFNS.L
- 1D
- 0.00%
- 1M
- 1.17%
- YTD
- 2.37%
- 6M
- 3.98%
- 1Y
- 13.01%
- 3Y*
- 37.18%
- 5Y*
- —
- 10Y*
- —
XHYA.DE vs. DFNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XHYA.DE Xtrackers EUR High Yield Corporate Bond UCITS ETF | 1.17% | 4.45% | 6.15% | 8.59% |
DFNS.L VanEck Defense UCITS ETF | 2.37% | 48.25% | 53.23% | 23.77% |
Correlation
The correlation between XHYA.DE and DFNS.L 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 | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.27 |
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
XHYA.DE vs. DFNS.L — Risk / Return Rank
XHYA.DE
DFNS.L
XHYA.DE vs. DFNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) and VanEck Defense UCITS ETF (DFNS.L). 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.
| XHYA.DE | DFNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.69 | +0.44 |
| Martin ratioReturn relative to average drawdown | 4.62 | 1.60 | +3.02 |
Loading charts...
Drawdowns
XHYA.DE vs. DFNS.L - Drawdown Comparison
The maximum XHYA.DE drawdown since its inception was -23.83%, which is greater than DFNS.L's maximum drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for XHYA.DE and DFNS.L.
Loading charts...
Drawdown Indicators
| XHYA.DE | DFNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.83% | -18.92% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -18.92% | +16.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -18.92% | +14.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.49% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -17.00% | +16.84% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -3.26% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 8.13% | -7.43% |
Volatility
XHYA.DE vs. DFNS.L - Volatility Comparison
The current volatility for Xtrackers EUR High Yield Corporate Bond UCITS ETF (XHYA.DE) is 1.00%, while VanEck Defense UCITS ETF (DFNS.L) has a volatility of 7.77%. This indicates that XHYA.DE experiences smaller price fluctuations and is considered to be less risky than DFNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHYA.DE | DFNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 7.77% | -6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 19.34% | -16.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 25.13% | -21.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.46% | 21.47% | -16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.54% | 21.47% | -14.93% |
XHYA.DE vs. DFNS.L - Expense Ratio Comparison
XHYA.DE has a 0.20% expense ratio, which is lower than DFNS.L's 0.55% expense ratio.
Dividends
XHYA.DE vs. DFNS.L - Dividend Comparison
Neither XHYA.DE nor DFNS.L has paid dividends to shareholders.
Frequently Asked Questions
XHYA.DE and DFNS.L 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.
On fees, XHYA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHYA.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for DFNS.L.
XHYA.DE is categorized as European High Yield Bonds, while DFNS.L is Aerospace & Defense. XHYA.DE tracks iBoxx® EUR Liquid High Yield, while DFNS.L tracks MarketVector™ Global Defense Industry Index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.20% for XHYA.DE and 0.55% for DFNS.L.
Find the right allocation for XHYA.DE and DFNS.L
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