CEUR.L vs. WDEP.L
CEUR.L (Amundi MSCI Europe) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - CEUR.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, CEUR.L returned 23.93% vs 0.28% for WDEP.L. At a 0.31 correlation, their price movements are largely independent. CEUR.L charges 0.05%/yr vs 0.45%/yr for WDEP.L.
Performance
CEUR.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, CEUR.L achieves a 9.44% return, which is significantly higher than WDEP.L's -2.02% return.
CEUR.L
- 1D
- 0.69%
- 1M
- 2.11%
- YTD
- 9.44%
- 6M
- 9.82%
- 1Y
- 23.93%
- 3Y*
- 15.54%
- 5Y*
- 9.72%
- 10Y*
- 8.58%
WDEP.L
- 1D
- 0.00%
- 1M
- -4.91%
- YTD
- -2.02%
- 6M
- -1.77%
- 1Y
- 0.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CEUR.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CEUR.L Amundi MSCI Europe | 9.44% | 13.67% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -2.02% | 7.30% |
Correlation
The correlation between CEUR.L and WDEP.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.31 |
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Return for Risk
CEUR.L vs. WDEP.L — Risk / Return Rank
CEUR.L
WDEP.L
CEUR.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.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.
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.
| CEUR.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.03 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 0.01 | +2.14 |
| Martin ratioReturn relative to average drawdown | 7.56 | 0.02 | +7.53 |
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Drawdowns
CEUR.L vs. WDEP.L - Drawdown Comparison
The maximum CEUR.L drawdown since its inception was -42.56%, which is greater than WDEP.L's maximum drawdown of -23.44%. Use the drawdown chart below to compare losses from any high point for CEUR.L and WDEP.L.
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Drawdown Indicators
| CEUR.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.56% | -23.44% | -19.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -23.44% | +12.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.11% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -20.07% | +19.94% |
Average DrawdownAverage peak-to-trough decline | -7.50% | -9.29% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 11.97% | -8.81% |
Volatility
CEUR.L vs. WDEP.L - Volatility Comparison
The current volatility for Amundi MSCI Europe (CEUR.L) is 3.02%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 7.74%. This indicates that CEUR.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.
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Volatility by Period
| CEUR.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 7.74% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 21.99% | -11.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 34.49% | -21.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 36.00% | -22.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 36.00% | -20.68% |
CEUR.L vs. WDEP.L - Expense Ratio Comparison
CEUR.L has a 0.05% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
CEUR.L vs. WDEP.L - Dividend Comparison
Neither CEUR.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
CEUR.L and WDEP.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.45% for WDEP.L.
CEUR.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.05% for CEUR.L and 0.45% for WDEP.L.
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