XUEK.DE vs. ED3F.DE
XUEK.DE (Xtrackers S&P Europe ex UK UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - XUEK.DE is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, XUEK.DE returned 15.44% vs -4.47% for ED3F.DE. At a 0.31 correlation, their price movements are largely independent. XUEK.DE charges 0.09%/yr vs 0.40%/yr for ED3F.DE.
Performance
XUEK.DE vs. ED3F.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUEK.DE achieves a 7.14% return, which is significantly higher than ED3F.DE's 0.02% return.
XUEK.DE
- 1D
- 0.60%
- 1M
- 1.36%
- YTD
- 7.14%
- 6M
- 9.35%
- 1Y
- 15.44%
- 3Y*
- 13.91%
- 5Y*
- 9.45%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUEK.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 7.14% | 8.05% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between XUEK.DE and ED3F.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.31 |
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Return for Risk
XUEK.DE vs. ED3F.DE — Risk / Return Rank
XUEK.DE
ED3F.DE
XUEK.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.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.
| XUEK.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.08 | +1.65 |
| Martin ratioReturn relative to average drawdown | 5.68 | -0.18 | +5.86 |
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
| XUEK.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -0.06 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.15 | +0.51 |
Drawdowns
XUEK.DE vs. ED3F.DE - Drawdown Comparison
The maximum XUEK.DE drawdown since its inception was -34.81%, 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 XUEK.DE and ED3F.DE.
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Drawdown Indicators
| XUEK.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -23.91% | -10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -23.91% | +14.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -20.80% | +19.59% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -8.37% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 10.25% | -7.52% |
Volatility
XUEK.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) is 4.19%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that XUEK.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
| XUEK.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 10.58% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 22.80% | -11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 30.60% | -17.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 30.42% | -15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 30.42% | -13.61% |
XUEK.DE vs. ED3F.DE - Expense Ratio Comparison
XUEK.DE has a 0.09% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
XUEK.DE vs. ED3F.DE - Dividend Comparison
XUEK.DE's dividend yield for the trailing twelve months is around 2.31%, while ED3F.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 2.31% | 2.41% | 2.80% | 2.57% | 4.73% | 1.40% | 2.54% |
Frequently Asked Questions
XUEK.DE and ED3F.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUEK.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEK.DE is cheaper with a 0.09% expense ratio, compared with 0.40% for ED3F.DE.
XUEK.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. XUEK.DE tracks MSCI Europe Ex UK NR EUR, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Xtrackers and Global X. Their fees differ too: 0.09% for XUEK.DE and 0.40% for ED3F.DE.
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