ESRG.L vs. WDEP.L
ESRG.L (Amundi Index MSCI Europe SRI PAB UCITS ETF DR (C)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - ESRG.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, ESRG.L returned 5.78% vs -0.69% for WDEP.L. At a 0.29 correlation, their price movements are largely independent. ESRG.L charges 0.18%/yr vs 0.45%/yr for WDEP.L.
Performance
ESRG.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESRG.L achieves a 4.74% return, which is significantly higher than WDEP.L's 1.13% return.
ESRG.L
- 1D
- -0.67%
- 1M
- 3.13%
- YTD
- 4.74%
- 6M
- 5.87%
- 1Y
- 5.78%
- 3Y*
- 7.17%
- 5Y*
- 5.55%
- 10Y*
- —
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESRG.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESRG.L Amundi Index MSCI Europe SRI PAB UCITS ETF DR (C) | 4.74% | 4.77% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between ESRG.L and WDEP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.29 |
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Return for Risk
ESRG.L vs. WDEP.L — Risk / Return Rank
ESRG.L
WDEP.L
ESRG.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Europe SRI PAB UCITS ETF DR (C) (ESRG.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.
| ESRG.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.02 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | -0.04 | +0.63 |
| Martin ratioReturn relative to average drawdown | 1.82 | -0.08 | +1.90 |
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
| ESRG.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | -0.02 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.59 | -0.14 |
Drawdowns
ESRG.L vs. WDEP.L - Drawdown Comparison
The maximum ESRG.L drawdown since its inception was -24.73%, 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 ESRG.L and WDEP.L.
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Drawdown Indicators
| ESRG.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.73% | -19.56% | -5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -19.56% | +8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -14.70% | +13.91% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -6.15% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 8.32% | -4.62% |
Volatility
ESRG.L vs. WDEP.L - Volatility Comparison
The current volatility for Amundi Index MSCI Europe SRI PAB UCITS ETF DR (C) (ESRG.L) is 3.92%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that ESRG.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.
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Volatility by Period
| ESRG.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 10.28% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.71% | 22.06% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 28.59% | -15.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 30.09% | -15.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 30.09% | -14.21% |
ESRG.L vs. WDEP.L - Expense Ratio Comparison
ESRG.L has a 0.18% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
ESRG.L vs. WDEP.L - Dividend Comparison
Neither ESRG.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
ESRG.L and WDEP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESRG.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESRG.L is cheaper with a 0.18% expense ratio, compared with 0.45% for WDEP.L.
ESRG.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.18% for ESRG.L and 0.45% for WDEP.L.
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