ED3F.DE vs. WTEE.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while WTEE.DE is a Europe Equities fund tracking the WisdomTree Europe Equity Income. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 25.85% for WTEE.DE. At a 0.20 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.29%/yr for WTEE.DE.
Performance
ED3F.DE vs. WTEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.02% return, which is significantly lower than WTEE.DE's 13.70% return.
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
ED3F.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 10.92% |
Correlation
The correlation between ED3F.DE and WTEE.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.20 |
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Return for Risk
ED3F.DE vs. WTEE.DE — Risk / Return Rank
ED3F.DE
WTEE.DE
ED3F.DE vs. WTEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.DE). 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.
| ED3F.DE | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.43 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.80 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.18 | 14.72 | -14.90 |
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
| ED3F.DE | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 2.35 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 1.08 | -0.93 |
Drawdowns
ED3F.DE vs. WTEE.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and WTEE.DE.
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Drawdown Indicators
| ED3F.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -16.45% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -6.78% | -17.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.45% | — |
Current DrawdownCurrent decline from peak | -20.80% | -1.96% | -18.84% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -2.65% | -5.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.25% | 1.75% | +8.50% |
Volatility
ED3F.DE vs. WTEE.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.58% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED3F.DE | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 3.73% | +6.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 8.73% | +14.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 10.94% | +19.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.42% | 14.50% | +15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.42% | 14.99% | +15.43% |
ED3F.DE vs. WTEE.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
ED3F.DE vs. WTEE.DE - Dividend Comparison
ED3F.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
Frequently Asked Questions
ED3F.DE and WTEE.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while WTEE.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.40% for ED3F.DE and 0.29% for WTEE.DE.
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