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DFEP.L vs. IEDL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFEP.L vs. IEDL.L

Last updated Jun 5, 2026

DFEP.L (WisdomTree Europe SmallCap Dividend UCITS ETF Acc) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - DFEP.L tracks the MSCI Europe Small Cap NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, DFEP.L returned 5.60%/yr vs 14.62%/yr for IEDL.L. A 0.78 correlation means they provide meaningful diversification when combined. DFEP.L charges 0.38%/yr vs 0.25%/yr for IEDL.L.

Performance

DFEP.L vs. IEDL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DFEP.L is traded in GBp, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, DFEP.L achieves a 5.52% return, which is significantly lower than IEDL.L's 13.19% return.

DFEP.L

1D
0.38%
1M
2.08%
YTD
5.52%
6M
8.87%
1Y
14.29%
3Y*
11.59%
5Y*
5.60%
10Y*
—

IEDL.L

1D
0.03%
1M
4.86%
YTD
13.19%
6M
15.86%
1Y
36.33%
3Y*
21.75%
5Y*
14.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFEP.L vs. IEDL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DFEP.L
WisdomTree Europe SmallCap Dividend UCITS ETF Acc		5.52%23.13%0.87%8.16%-10.61%19.71%0.53%22.97%-15.10%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		13.19%42.22%5.44%11.24%1.22%19.20%-3.60%14.87%-10.37%

Correlation

The correlation between DFEP.L and IEDL.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.78

The correlation between DFEP.L and IEDL.L shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

DFEP.L vs. IEDL.L - Sectors Allocation Comparison

Sectors
DFEP.L
IEDL.L

Industrials

29.4%
17.0%

Consumer Cyclical

14.5%
6.2%

Financial Services

10.1%
22.6%

Technology

8.1%
12.2%

Real Estate

7.3%
0.6%

Basic Materials

6.7%
6.2%

Healthcare

6.2%
12.3%

Communication Services

5.4%
3.7%

Energy

5.3%
5.1%

Consumer Defensive

4.8%
8.6%

Utilities

2.4%
4.5%

Industrials

DFEP.L
29.4%
IEDL.L
17.0%

Consumer Cyclical

DFEP.L
14.5%
IEDL.L
6.2%

Financial Services

DFEP.L
10.1%
IEDL.L
22.6%

Technology

DFEP.L
8.1%
IEDL.L
12.2%

Real Estate

DFEP.L
7.3%
IEDL.L
0.6%

Basic Materials

DFEP.L
6.7%
IEDL.L
6.2%

Healthcare

DFEP.L
6.2%
IEDL.L
12.3%

Communication Services

DFEP.L
5.4%
IEDL.L
3.7%

Energy

DFEP.L
5.3%
IEDL.L
5.1%

Consumer Defensive

DFEP.L
4.8%
IEDL.L
8.6%

Utilities

DFEP.L
2.4%
IEDL.L
4.5%

Compare stocks, funds, or ETFs

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WisdomTree Europe SmallCap Dividend UCITS ETF Acc

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

Often compared with DFEP.L:
DFEP.L vs. DGSE.LDFEP.L vs. GGRG.LDFEP.L vs. XDEV.LDFEP.L vs. MOATDFEP.L vs. XDEQ.LDFEP.L vs. CSKR.LDFEP.L vs. GGRP.L
Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

DFEP.L vs. IEDL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFEP.L
DFEP.L Risk / Return Rank: 3232
Overall Rank
DFEP.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
DFEP.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
DFEP.L Omega Ratio Rank: 3333
Omega Ratio Rank
DFEP.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
DFEP.L Martin Ratio Rank: 3333
Martin Ratio Rank
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6868
Martin Ratio Rank
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.

DFEP.L vs. IEDL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

DFEP.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.14
2.68

-1.54

Sortino ratioReturn per unit of downside risk
1.66
3.61

-1.94

Omega ratioGain probability vs. loss probability

1.22

1.48

-0.27

Calmar ratioReturn relative to maximum drawdown

1.38

3.43

-2.05

Martin ratioReturn relative to average drawdown

4.81

12.68

-7.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFEP.L vs. IEDL.L - Sharpe Ratio Comparison

The current DFEP.L Sharpe Ratio is 1.14, which is lower than the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of DFEP.L and IEDL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DFEP.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

2.68

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.95

-0.62

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.59

-0.13

Drawdowns

DFEP.L vs. IEDL.L - Drawdown Comparison

The maximum DFEP.L drawdown since its inception was -38.39%, which is greater than IEDL.L's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for DFEP.L and IEDL.L.

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Drawdown Indicators

DFEP.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.39%

-34.37%

-4.02%

Max Drawdown (1Y)

Largest decline over 1 year

-10.34%

-10.54%

+0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-16.89%

-16.23%

-0.66%

Max Drawdown (5Y)

Largest decline over 5 years

-23.38%

-16.28%

-7.10%

Current Drawdown

Current decline from peak

-2.06%

-0.80%

-1.26%

Average Drawdown

Average peak-to-trough decline

-7.05%

-5.72%

-1.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.86%

+0.11%

Volatility

DFEP.L vs. IEDL.L - Volatility Comparison

The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF Acc (DFEP.L) is 3.55%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that DFEP.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DFEP.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

4.75%

-1.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.26%

11.06%

-0.80%

Volatility (1Y)

Calculated over the trailing 1-year period

12.50%

13.48%

-0.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.62%

15.30%

+1.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.23%

17.59%

-1.36%

DFEP.L vs. IEDL.L - Expense Ratio Comparison

DFEP.L has a 0.38% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.

Dividends

DFEP.L vs. IEDL.L - Dividend Comparison

DFEP.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
DFEP.L
WisdomTree Europe SmallCap Dividend UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%

Frequently Asked Questions

DFEP.L and IEDL.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.38% for DFEP.L.

DFEP.L tracks MSCI Europe Small Cap NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for DFEP.L and 0.25% for IEDL.L.

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