EUFM.L vs. WDEP.L
EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - EUFM.L tracks the MSCI EMU NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, EUFM.L returned 16.80% vs -0.69% for WDEP.L. At a 0.41 correlation, their price movements are largely independent. EUFM.L charges 0.34%/yr vs 0.45%/yr for WDEP.L.
Performance
EUFM.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, EUFM.L achieves a 6.74% return, which is significantly higher than WDEP.L's 1.13% return.
EUFM.L
- 1D
- 0.21%
- 1M
- 2.81%
- YTD
- 6.74%
- 6M
- 8.89%
- 1Y
- 16.80%
- 3Y*
- 15.42%
- 5Y*
- 9.69%
- 10Y*
- —
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUFM.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 6.74% | 16.62% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between EUFM.L and WDEP.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.41 |
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Return for Risk
EUFM.L vs. WDEP.L — Risk / Return Rank
EUFM.L
WDEP.L
EUFM.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.
| EUFM.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.02 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | -0.04 | +1.61 |
| Martin ratioReturn relative to average drawdown | 5.69 | -0.08 | +5.77 |
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
| EUFM.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | -0.02 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.59 | -0.06 |
Drawdowns
EUFM.L vs. WDEP.L - Drawdown Comparison
The maximum EUFM.L drawdown since its inception was -30.14%, 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 EUFM.L and WDEP.L.
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Drawdown Indicators
| EUFM.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.14% | -19.56% | -10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -19.56% | +8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -11.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -14.70% | +13.63% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -6.15% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 8.32% | -5.37% |
Volatility
EUFM.L vs. WDEP.L - Volatility Comparison
The current volatility for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) is 4.00%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that EUFM.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
| EUFM.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 10.28% | -6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 22.06% | -11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 28.59% | -16.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 30.09% | -15.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 30.09% | -13.96% |
EUFM.L vs. WDEP.L - Expense Ratio Comparison
EUFM.L has a 0.34% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
EUFM.L vs. WDEP.L - Dividend Comparison
Neither EUFM.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
EUFM.L and WDEP.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUFM.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUFM.L is cheaper with a 0.34% expense ratio, compared with 0.45% for WDEP.L.
EUFM.L tracks MSCI EMU NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for EUFM.L and 0.45% for WDEP.L.
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