CMU.L vs. WDEP.L
CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - CMU.L tracks the MSCI EMU NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, CMU.L returned 29.56% vs -2.61% for WDEP.L. At a 0.27 correlation, their price movements are largely independent. CMU.L charges 0.15%/yr vs 0.45%/yr for WDEP.L.
Performance
CMU.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, CMU.L achieves a 15.89% return, which is significantly higher than WDEP.L's 1.13% return.
CMU.L
- 1D
- 0.33%
- 1M
- 8.13%
- YTD
- 15.89%
- 6M
- 17.12%
- 1Y
- 29.56%
- 3Y*
- 16.11%
- 5Y*
- 10.52%
- 10Y*
- 10.79%
WDEP.L
- 1D
- 1.35%
- 1M
- -6.27%
- YTD
- 1.13%
- 6M
- 4.45%
- 1Y
- -2.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMU.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 15.89% | 16.25% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between CMU.L and WDEP.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.27 |
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Return for Risk
CMU.L vs. WDEP.L — Risk / Return Rank
CMU.L
WDEP.L
CMU.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.
| CMU.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.02 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | -0.04 | +2.61 |
| Martin ratioReturn relative to average drawdown | 9.67 | -0.08 | +9.75 |
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
| CMU.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | -0.02 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.59 | -0.10 |
Drawdowns
CMU.L vs. WDEP.L - Drawdown Comparison
The maximum CMU.L drawdown since its inception was -32.53%, 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 CMU.L and WDEP.L.
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Drawdown Indicators
| CMU.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.53% | -19.56% | -12.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -19.56% | +8.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.41% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -14.70% | +14.52% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -6.15% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 8.32% | -5.27% |
Volatility
CMU.L vs. WDEP.L - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) is 5.34%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that CMU.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
| CMU.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 10.28% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 22.06% | -9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 28.59% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 30.09% | -14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 30.09% | -13.31% |
CMU.L vs. WDEP.L - Expense Ratio Comparison
CMU.L has a 0.15% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
CMU.L vs. WDEP.L - Dividend Comparison
Neither CMU.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
CMU.L and WDEP.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMU.L is cheaper with a 0.15% expense ratio, compared with 0.45% for WDEP.L.
CMU.L tracks MSCI EMU NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.15% for CMU.L and 0.45% for WDEP.L.
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