FSEU.L vs. WDEP.L
FSEU.L (iShares Edge MSCI Europe Multifactor UCITS) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - FSEU.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, FSEU.L returned 23.28% vs -0.69% for WDEP.L. At a 0.29 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
FSEU.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, FSEU.L achieves a 9.29% return, which is significantly higher than WDEP.L's 1.13% return.
FSEU.L
- 1D
- 0.52%
- 1M
- 1.83%
- YTD
- 9.29%
- 6M
- 12.30%
- 1Y
- 23.28%
- 3Y*
- 18.33%
- 5Y*
- 10.74%
- 10Y*
- 10.82%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSEU.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSEU.L iShares Edge MSCI Europe Multifactor UCITS | 9.29% | 17.85% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between FSEU.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
FSEU.L vs. WDEP.L — Risk / Return Rank
FSEU.L
WDEP.L
FSEU.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Multifactor UCITS (FSEU.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.
| FSEU.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.04 | +2.74 |
| Martin ratioReturn relative to average drawdown | 10.05 | -0.08 | +10.13 |
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
| FSEU.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | -0.02 | +2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.59 | +0.15 |
Drawdowns
FSEU.L vs. WDEP.L - Drawdown Comparison
The maximum FSEU.L drawdown since its inception was -29.40%, 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 FSEU.L and WDEP.L.
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Drawdown Indicators
| FSEU.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.40% | -19.56% | -9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -19.56% | +10.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.40% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -14.70% | +14.23% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -6.15% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 8.32% | -6.01% |
Volatility
FSEU.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) is 3.39%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that FSEU.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
| FSEU.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 10.28% | -6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 22.06% | -12.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 28.59% | -17.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 30.09% | -16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 30.09% | -15.44% |
FSEU.L vs. WDEP.L - Expense Ratio Comparison
Both FSEU.L and WDEP.L have an expense ratio of 0.45%.
Dividends
FSEU.L vs. WDEP.L - Dividend Comparison
Neither FSEU.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
FSEU.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.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FSEU.L and WDEP.L have the same expense ratio: 0.45% per year.
FSEU.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree.
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