EGRW.L vs. WDEF.L

Last updated Jun 5, 2026

EGRW.L (WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR) and WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) are both exchange-traded funds - EGRW.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while WDEF.L is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index. Both are passively managed. Over the past 5 years, EGRW.L returned 4.03%/yr vs 5.41%/yr for WDEF.L. At a 0.29 correlation, their price movements are largely independent. EGRW.L charges 0.29%/yr vs 0.40%/yr for WDEF.L.

Performance

EGRW.L vs. WDEF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGRW.L achieves a 6.24% return, which is significantly higher than WDEF.L's 2.01% return.

EGRW.L

• 1D: 0.10%
• 1M: 2.42%
• YTD: 6.24%
• 6M: 7.76%
• 1Y: 9.78%
• 3Y*: 7.16%
• 5Y*: 4.03%
• 10Y*: —

WDEF.L

• 1D: 1.13%
• 1M: -6.48%
• YTD: 2.01%
• 6M: 5.25%
• 1Y: -5.16%
• 3Y*: 9.62%
• 5Y*: 5.41%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EGRW.L vs. WDEF.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR	6.24%	13.09%	-2.45%	20.16%	-19.52%	24.63%	6.48%	32.60%	-14.26%	2.49%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	2.01%	26.22%	-2.46%	20.25%	-19.48%	26.65%	3.41%	37.42%	-17.34%	3.31%

Correlation

The correlation between EGRW.L and WDEF.L 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 (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017	0.29

The correlation between EGRW.L and WDEF.L shifts across timeframes, from 0.21 (1 year) to 0.35 (3 years), reflecting how their relationship changes across market environments.

EGRW.L vs. WDEF.L - Sectors Allocation Comparison

Sectors	EGRW.L	WDEF.L
Industrials	24.4%	89.7%
Consumer Cyclical	23.1%	-
Financial Services	17.0%	-
Technology	9.6%	3.2%
Communication Services	9.3%	0.4%
Healthcare	2.9%	0.1%
Basic Materials	2.7%	-
Energy	1.2%	-
Consumer Defensive	0.9%	-
Real Estate	0.3%	-
Utilities	0.2%	-

Return for Risk

EGRW.L vs. WDEF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EGRW.L

EGRW.L Risk / Return Rank: 21
EGRW.L Sharpe Ratio Rank: 20
EGRW.L Sortino Ratio Rank: 21
EGRW.L Omega Ratio Rank: 20
EGRW.L Calmar Ratio Rank: 21
EGRW.L Martin Ratio Rank: 23

WDEF.L

WDEF.L Risk / Return Rank: 11
WDEF.L Sharpe Ratio Rank: 9
WDEF.L Sortino Ratio Rank: 13
WDEF.L Omega Ratio Rank: 16
WDEF.L Calmar Ratio Rank: 8
WDEF.L Martin Ratio Rank: 8

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.

EGRW.L vs. WDEF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.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.

	EGRW.L	WDEF.L	Difference
Sharpe ratio: Return per unit of total volatility	0.65	-0.05	+0.69
Sortino ratio: Return per unit of downside risk	1.09	0.51	+0.57
Omega ratio: Gain probability vs. loss probability	1.13	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	0.94	-0.13	+1.07
Martin ratio: Return relative to average drawdown	2.82	-0.35	+3.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGRW.L vs. WDEF.L - Sharpe Ratio Comparison

The current EGRW.L Sharpe Ratio is 0.65, which is higher than the WDEF.L Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of EGRW.L and WDEF.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.

Sharpe Ratios by Period

	EGRW.L	WDEF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	-0.05	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.16	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.34	+0.24

Drawdowns

EGRW.L vs. WDEF.L - Drawdown Comparison

The maximum EGRW.L drawdown since its inception was -31.84%, smaller than the maximum WDEF.L drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for EGRW.L and WDEF.L.

Drawdown Indicators

	EGRW.L	WDEF.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.84%	-35.48%	+3.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-25.81%	+14.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-25.81%	+9.56%
Max Drawdown (5Y) Largest decline over 5 years	-30.05%	-30.24%	+0.19%
Current Drawdown Current decline from peak	-0.67%	-13.96%	+13.29%
Average Drawdown Average peak-to-trough decline	-6.30%	-8.35%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.68%	9.15%	-5.47%

Volatility

EGRW.L vs. WDEF.L - Volatility Comparison

The current volatility for WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L) is 5.36%, while WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) has a volatility of 10.36%. This indicates that EGRW.L experiences smaller price fluctuations and is considered to be less risky than WDEF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGRW.L	WDEF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	10.36%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	64.29%	-50.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.41%	73.61%	-57.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.11%	42.70%	-21.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.26%	41.64%	-16.38%

EGRW.L vs. WDEF.L - Expense Ratio Comparison

EGRW.L has a 0.29% expense ratio, which is lower than WDEF.L's 0.40% expense ratio.

Dividends

EGRW.L vs. WDEF.L - Dividend Comparison

EGRW.L's dividend yield for the trailing twelve months is around 2.09%, while WDEF.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR	2.09%	2.15%	2.28%	2.00%	2.30%	1.72%	1.04%	1.61%	1.94%	1.37%
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EGRW.L and WDEF.L in my portfolio?

EGRW.L and WDEF.L 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.

Which ETF is better, EGRW.L or WDEF.L?

On fees, EGRW.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EGRW.L or WDEF.L?

EGRW.L is cheaper with a 0.29% expense ratio, compared with 0.40% for WDEF.L.

What is the main difference between EGRW.L and WDEF.L?

EGRW.L is categorized as Europe Equities, while WDEF.L is Aerospace & Defense. EGRW.L tracks MSCI EMU NR EUR, while WDEF.L tracks WisdomTree Europe Defence UCITS Index. Their fees differ too: 0.29% for EGRW.L and 0.40% for WDEF.L.