ARMY vs. WDEF.L

Last updated Jul 17, 2026

ARMY (HANetf Future of European Defence Screened UCITS ETF) and WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) are both Aerospace & Defense funds - ARMY tracks the VettaFi European Future of Defence Screened Index while WDEF.L tracks the WisdomTree Europe Defence UCITS Index. Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. ARMY charges 0.39%/yr vs 0.40%/yr for WDEF.L.

Performance

ARMY vs. WDEF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of European Defence Screened UCITS ETF (ARMY) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARMY

• 1D: -1.00%
• 1M: -5.27%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDEF.L

• 1D: -0.47%
• 1M: -2.83%
• 6M: -14.74%
• YTD: -0.84%
• 1Y: -2.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARMY vs. WDEF.L - Yearly Performance Comparison

	2026 (YTD)
ARMY HANetf Future of European Defence Screened UCITS ETF	-5.91%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	-5.08%

Correlation

The correlation between ARMY and WDEF.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.85

Return for Risk

ARMY vs. WDEF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARMY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WDEF.L

WDEF.L Risk / Return Rank: 9
WDEF.L Sharpe Ratio Rank: 9
WDEF.L Sortino Ratio Rank: 9
WDEF.L Omega Ratio Rank: 9
WDEF.L Calmar Ratio Rank: 8
WDEF.L Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARMY vs. WDEF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of European Defence Screened UCITS ETF (ARMY) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.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.

	ARMY	WDEF.L	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.07	—
Sortino ratio: Return per unit of downside risk	—	0.10	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.11	—
Martin ratio: Return relative to average drawdown	—	-0.23	—

Drawdowns

ARMY vs. WDEF.L - Drawdown Comparison

The maximum ARMY drawdown since its inception was -16.37%, smaller than the maximum WDEF.L drawdown of -19.53%. Use the drawdown chart below to compare losses from any high point for ARMY and WDEF.L.

Drawdown Indicators

	ARMY	WDEF.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.37%	-19.53%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.53%	—
Current Drawdown Current decline from peak	-13.76%	-16.36%	+2.60%
Average Drawdown Average peak-to-trough decline	-7.29%	-7.23%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.54%	—

Volatility

Volatility by Period

	ARMY	WDEF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.54%	28.87%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.54%	30.65%	+1.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.54%	30.65%	+1.89%

ARMY vs. WDEF.L - Expense Ratio Comparison

ARMY has a 0.39% expense ratio, which is lower than WDEF.L's 0.40% expense ratio.

Dividends

ARMY vs. WDEF.L - Dividend Comparison

Neither ARMY nor WDEF.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ARMY and WDEF.L in my portfolio?

ARMY and WDEF.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARMY or WDEF.L?

On fees, ARMY is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMY or WDEF.L?

ARMY is cheaper with a 0.39% expense ratio, compared with 0.40% for WDEF.L.

What is the main difference between ARMY and WDEF.L?

ARMY tracks VettaFi European Future of Defence Screened Index, while WDEF.L tracks WisdomTree Europe Defence UCITS Index. They also come from different issuers: HANetf and WisdomTree. Their fees differ too: 0.39% for ARMY and 0.40% for WDEF.L.