ESIN.DE vs. WDEF.L
ESIN.DE (iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)) and WDEF.L (WisdomTree Europe Defence UCITS ETF - EUR Acc EUR) are both exchange-traded funds - ESIN.DE is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while WDEF.L is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index. Both are passively managed. Over the past 5 years, ESIN.DE returned 12.86%/yr vs 5.41%/yr for WDEF.L. A 0.62 correlation means they provide meaningful diversification when combined. ESIN.DE charges 0.18%/yr vs 0.40%/yr for WDEF.L.
Performance
ESIN.DE vs. WDEF.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESIN.DE achieves a 8.75% return, which is significantly higher than WDEF.L's 2.01% return.
ESIN.DE
- 1D
- 0.51%
- 1M
- 0.39%
- YTD
- 8.75%
- 6M
- 11.05%
- 1Y
- 15.27%
- 3Y*
- 19.52%
- 5Y*
- 12.86%
- 10Y*
- —
WDEF.L
- 1D
- 1.13%
- 1M
- -3.76%
- YTD
- 2.01%
- 6M
- 5.19%
- 1Y
- -3.39%
- 3Y*
- 9.62%
- 5Y*
- 5.41%
- 10Y*
- —
ESIN.DE vs. WDEF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESIN.DE iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) | 8.75% | 25.30% | 14.45% | 26.98% | -16.86% | 13.86% |
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR | 2.01% | 26.22% | -2.46% | 20.25% | -19.48% | 9.94% |
Correlation
The correlation between ESIN.DE and WDEF.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 19, 2021 | 0.62 |
The correlation between ESIN.DE and WDEF.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
ESIN.DE vs. WDEF.L — Risk / Return Rank
ESIN.DE
WDEF.L
ESIN.DE vs. WDEF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE) 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.
| ESIN.DE | WDEF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | -0.13 | +1.29 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.35 | +4.56 |
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
| ESIN.DE | WDEF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | -0.05 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.16 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.34 | +0.36 |
Drawdowns
ESIN.DE vs. WDEF.L - Drawdown Comparison
The maximum ESIN.DE drawdown since its inception was -29.12%, smaller than the maximum WDEF.L drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for ESIN.DE and WDEF.L.
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Drawdown Indicators
| ESIN.DE | WDEF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.12% | -35.48% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -25.81% | +12.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -25.81% | +7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -30.24% | +1.12% |
Current DrawdownCurrent decline from peak | -2.69% | -13.96% | +11.27% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -8.35% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 9.15% | -5.54% |
Volatility
ESIN.DE vs. WDEF.L - Volatility Comparison
The current volatility for iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE) is 6.37%, while WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) has a volatility of 10.36%. This indicates that ESIN.DE 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.
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Volatility by Period
| ESIN.DE | WDEF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 10.36% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 64.29% | -47.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 73.61% | -54.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 42.70% | -23.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 41.64% | -22.83% |
ESIN.DE vs. WDEF.L - Expense Ratio Comparison
ESIN.DE has a 0.18% expense ratio, which is lower than WDEF.L's 0.40% expense ratio.
Dividends
ESIN.DE vs. WDEF.L - Dividend Comparison
Neither ESIN.DE nor WDEF.L has paid dividends to shareholders.
Frequently Asked Questions
ESIN.DE and WDEF.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIN.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for WDEF.L.
ESIN.DE is categorized as Industrials Equities, while WDEF.L is Aerospace & Defense. ESIN.DE tracks MSCI World/Materials NR USD, while WDEF.L tracks WisdomTree Europe Defence UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for ESIN.DE and 0.40% for WDEF.L.
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