XNAQ.L vs. DFNG.L
XNAQ.L (Xtrackers Nasdaq 100 UCITS ETF 1C) and DFNG.L (VanEck Defense ETF A USD Acc GBP) are both exchange-traded funds - XNAQ.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while DFNG.L is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry index. Both are passively managed. Over the past 3 years, XNAQ.L returned 23.76%/yr vs 37.60%/yr for DFNG.L. At a 0.44 correlation, their price movements are largely independent. XNAQ.L charges 0.20%/yr vs 0.55%/yr for DFNG.L.
Performance
XNAQ.L vs. DFNG.L - Performance Comparison
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Returns By Period
In the year-to-date period, XNAQ.L achieves a 17.14% return, which is significantly higher than DFNG.L's 1.28% return.
XNAQ.L
- 1D
- 2.42%
- 1M
- 0.57%
- YTD
- 17.14%
- 6M
- 17.33%
- 1Y
- 38.43%
- 3Y*
- 23.76%
- 5Y*
- 17.97%
- 10Y*
- —
DFNG.L
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 1.28%
- 6M
- 2.03%
- 1Y
- 12.40%
- 3Y*
- 37.60%
- 5Y*
- —
- 10Y*
- —
XNAQ.L vs. DFNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XNAQ.L Xtrackers Nasdaq 100 UCITS ETF 1C | 17.14% | 11.72% | 28.64% | 27.14% |
DFNG.L VanEck Defense ETF A USD Acc GBP | 1.28% | 56.54% | 46.20% | -1.18% |
Correlation
The correlation between XNAQ.L and DFNG.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2023 | 0.44 |
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Return for Risk
XNAQ.L vs. DFNG.L — Risk / Return Rank
XNAQ.L
DFNG.L
XNAQ.L vs. DFNG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) and VanEck Defense ETF A USD Acc GBP (DFNG.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.
| XNAQ.L | DFNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.12 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.74 | +2.66 |
| Martin ratioReturn relative to average drawdown | 9.85 | 1.83 | +8.02 |
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Drawdowns
XNAQ.L vs. DFNG.L - Drawdown Comparison
The maximum XNAQ.L drawdown since its inception was -34.26%, which is greater than DFNG.L's maximum drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for XNAQ.L and DFNG.L.
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Drawdown Indicators
| XNAQ.L | DFNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -22.59% | -11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -19.68% | +8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.55% | -19.68% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | — | — |
Current DrawdownCurrent decline from peak | -2.90% | -17.26% | +14.36% |
Average DrawdownAverage peak-to-trough decline | -13.67% | -4.98% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 7.94% | -4.14% |
Volatility
XNAQ.L vs. DFNG.L - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAQ.L) is 5.78%, while VanEck Defense ETF A USD Acc GBP (DFNG.L) has a volatility of 8.19%. This indicates that XNAQ.L experiences smaller price fluctuations and is considered to be less risky than DFNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNAQ.L | DFNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 8.19% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.20% | 19.02% | -7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 24.56% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 23.38% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.98% | 23.38% | +2.60% |
XNAQ.L vs. DFNG.L - Expense Ratio Comparison
XNAQ.L has a 0.20% expense ratio, which is lower than DFNG.L's 0.55% expense ratio.
Dividends
XNAQ.L vs. DFNG.L - Dividend Comparison
Neither XNAQ.L nor DFNG.L has paid dividends to shareholders.
Frequently Asked Questions
XNAQ.L and DFNG.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNAQ.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAQ.L is cheaper with a 0.20% expense ratio, compared with 0.55% for DFNG.L.
XNAQ.L is categorized as Nasdaq-100, while DFNG.L is Aerospace & Defense. XNAQ.L tracks Russell 1000 Growth TR USD, while DFNG.L tracks MarketVector Global Defense Industry index. They also come from different issuers: Xtrackers and VanEck. Their fees differ too: 0.20% for XNAQ.L and 0.55% for DFNG.L.
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