CUKS.L vs. WDEP.L
CUKS.L (iShares MSCI UK Small Cap UCITS ETF (Acc)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - CUKS.L tracks the FTSE Small Cap Ex Invest Trust TR GBP while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, CUKS.L returned 10.62% vs -0.69% for WDEP.L. At a 0.32 correlation, their price movements are largely independent. CUKS.L charges 0.58%/yr vs 0.45%/yr for WDEP.L.
Performance
CUKS.L vs. WDEP.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CUKS.L achieves a 3.10% return, which is significantly higher than WDEP.L's 1.13% return.
CUKS.L
- 1D
- 0.83%
- 1M
- 3.18%
- YTD
- 3.10%
- 6M
- 5.37%
- 1Y
- 10.62%
- 3Y*
- 9.93%
- 5Y*
- 1.23%
- 10Y*
- 4.74%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CUKS.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CUKS.L iShares MSCI UK Small Cap UCITS ETF (Acc) | 3.10% | 18.01% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between CUKS.L and WDEP.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.32 |
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
CUKS.L vs. WDEP.L — Risk / Return Rank
CUKS.L
WDEP.L
CUKS.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.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.
| CUKS.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | -0.04 | +0.90 |
| Martin ratioReturn relative to average drawdown | 2.79 | -0.08 | +2.87 |
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
| CUKS.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | -0.02 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.59 | -0.12 |
Drawdowns
CUKS.L vs. WDEP.L - Drawdown Comparison
The maximum CUKS.L drawdown since its inception was -42.42%, 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 CUKS.L and WDEP.L.
Loading charts...
Drawdown Indicators
| CUKS.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.42% | -19.56% | -22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -19.56% | +7.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | -14.70% | +11.07% |
Average DrawdownAverage peak-to-trough decline | -9.28% | -6.15% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 8.32% | -4.52% |
Volatility
CUKS.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.L) is 4.14%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that CUKS.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
| CUKS.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 10.28% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 22.06% | -10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 28.59% | -15.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 30.09% | -14.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 30.09% | -13.07% |
CUKS.L vs. WDEP.L - Expense Ratio Comparison
CUKS.L has a 0.58% expense ratio, which is higher than WDEP.L's 0.45% expense ratio.
Dividends
CUKS.L vs. WDEP.L - Dividend Comparison
Neither CUKS.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
CUKS.L and WDEP.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEP.L is cheaper with a 0.45% expense ratio, compared with 0.58% for CUKS.L.
CUKS.L tracks FTSE Small Cap Ex Invest Trust TR GBP, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.58% for CUKS.L and 0.45% for WDEP.L.
Find the right allocation for CUKS.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