CEU1.L vs. WDEP.L
CEU1.L (iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - CEU1.L tracks the MSCI EMU NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, CEU1.L returned 21.06% vs -0.69% for WDEP.L. At a 0.39 correlation, their price movements are largely independent. CEU1.L charges 0.12%/yr vs 0.45%/yr for WDEP.L.
Performance
CEU1.L vs. WDEP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEU1.L achieves a 7.95% return, which is significantly higher than WDEP.L's 1.13% return.
CEU1.L
- 1D
- 0.41%
- 1M
- 4.87%
- YTD
- 7.95%
- 6M
- 9.61%
- 1Y
- 21.06%
- 3Y*
- 16.19%
- 5Y*
- 10.72%
- 10Y*
- 11.08%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEU1.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CEU1.L iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) | 7.95% | 17.74% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between CEU1.L and WDEP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.39 |
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
CEU1.L vs. WDEP.L — Risk / Return Rank
CEU1.L
WDEP.L
CEU1.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) and WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.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.
| CEU1.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.02 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | -0.04 | +1.95 |
| Martin ratioReturn relative to average drawdown | 6.78 | -0.08 | +6.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CEU1.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | -0.02 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.59 | -0.08 |
Drawdowns
CEU1.L vs. WDEP.L - Drawdown Comparison
The maximum CEU1.L drawdown since its inception was -31.47%, which is greater than WDEP.L's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for CEU1.L and WDEP.L.
Loading charts...
Drawdown Indicators
| CEU1.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.47% | -19.56% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -19.56% | +8.63% |
Max Drawdown (3Y)Largest decline over 3 years | -13.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.39% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -14.70% | +14.60% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -6.15% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 8.32% | -5.22% |
Volatility
CEU1.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares VII plc -iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEU1.L) is 4.55%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that CEU1.L experiences smaller price fluctuations and is considered to be less risky than WDEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEU1.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 10.28% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.48% | 22.06% | -10.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.89% | 28.59% | -14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 30.09% | -13.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 30.09% | -13.32% |
CEU1.L vs. WDEP.L - Expense Ratio Comparison
CEU1.L has a 0.12% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
CEU1.L vs. WDEP.L - Dividend Comparison
Neither CEU1.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
CEU1.L and WDEP.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEU1.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEU1.L is cheaper with a 0.12% expense ratio, compared with 0.45% for WDEP.L.
CEU1.L tracks MSCI EMU NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.12% for CEU1.L and 0.45% for WDEP.L.
Find the right allocation for CEU1.L and WDEP.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