GLCR vs. OPPE

Last updated Jun 4, 2026

GLCR (GlacierShares Nasdaq Iceland ETF) and OPPE (WisdomTree European Opportunities Fund) are both Europe Equities funds - GLCR tracks the MarketVector Iceland Global Total Return Net Index while OPPE tracks the WisdomTree European Opportunities Index. Both are passively managed. Over the past year, GLCR returned -7.32% vs 28.81% for OPPE. A 0.53 correlation means they provide meaningful diversification when combined. GLCR charges 0.95%/yr vs 0.58%/yr for OPPE.

Performance

GLCR vs. OPPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GlacierShares Nasdaq Iceland ETF (GLCR) and WisdomTree European Opportunities Fund (OPPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLCR achieves a -10.49% return, which is significantly lower than OPPE's 12.95% return.

GLCR

• 1D: -0.67%
• 1M: -9.07%
• YTD: -10.49%
• 6M: -3.88%
• 1Y: -7.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

OPPE

• 1D: -0.60%
• 1M: 3.71%
• YTD: 12.95%
• 6M: 16.25%
• 1Y: 28.81%
• 3Y*: 23.31%
• 5Y*: 14.10%
• 10Y*: 12.39%

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

GLCR vs. OPPE - Yearly Performance Comparison

	2026 (YTD)	2025
GLCR GlacierShares Nasdaq Iceland ETF	-10.49%	8.04%
OPPE WisdomTree European Opportunities Fund	12.95%	22.66%

Correlation

The correlation between GLCR and OPPE is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.53

The correlation between GLCR and OPPE has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

GLCR vs. OPPE - Sectors Allocation Comparison

Sectors	GLCR	OPPE
Financial Services	32.2%	23.3%
Consumer Defensive	21.2%	4.6%
Healthcare	20.2%	4.8%
Real Estate	7.6%	1.4%
Industrials	6.0%	27.8%
Consumer Cyclical	5.8%	3.1%
Basic Materials	5.6%	10.6%
Communication Services	1.5%	1.6%
Energy	-	9.1%
Technology	-	7.2%
Utilities	-	6.6%

Return for Risk

GLCR vs. OPPE — Risk / Return Rank

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

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 5
GLCR Martin Ratio Rank: 3

OPPE

OPPE Risk / Return Rank: 64
OPPE Sharpe Ratio Rank: 62
OPPE Sortino Ratio Rank: 61
OPPE Omega Ratio Rank: 60
OPPE Calmar Ratio Rank: 66
OPPE Martin Ratio Rank: 68

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.

GLCR vs. OPPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GlacierShares Nasdaq Iceland ETF (GLCR) and WisdomTree European Opportunities Fund (OPPE). 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.

	GLCR	OPPE	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	2.09	-2.54
Sortino ratio: Return per unit of downside risk	-0.50	2.87	-3.37
Omega ratio: Gain probability vs. loss probability	0.94	1.37	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.44	3.28	-3.71
Martin ratio: Return relative to average drawdown	-1.22	12.49	-13.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLCR vs. OPPE - Sharpe Ratio Comparison

The current GLCR Sharpe Ratio is -0.45, which is lower than the OPPE Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of GLCR and OPPE, 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

	GLCR	OPPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	2.09	-2.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.65	-0.80

Drawdowns

GLCR vs. OPPE - Drawdown Comparison

The maximum GLCR drawdown since its inception was -16.79%, smaller than the maximum OPPE drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for GLCR and OPPE.

Drawdown Indicators

	GLCR	OPPE	Difference
Max Drawdown Largest peak-to-trough decline	-16.79%	-39.28%	+22.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.79%	-8.83%	-7.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.28%	—
Current Drawdown Current decline from peak	-16.79%	-0.60%	-16.19%
Average Drawdown Average peak-to-trough decline	-4.54%	-5.47%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	2.31%	+3.71%

Volatility

GLCR vs. OPPE - Volatility Comparison

GlacierShares Nasdaq Iceland ETF (GLCR) has a higher volatility of 7.93% compared to WisdomTree European Opportunities Fund (OPPE) at 5.49%. This indicates that GLCR's price experiences larger fluctuations and is considered to be riskier than OPPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLCR	OPPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	5.49%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	11.66%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	13.86%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	15.55%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	17.17%	+1.45%

GLCR vs. OPPE - Expense Ratio Comparison

GLCR has a 0.95% expense ratio, which is higher than OPPE's 0.58% expense ratio.

Dividends

GLCR vs. OPPE - Dividend Comparison

GLCR's dividend yield for the trailing twelve months is around 1.08%, less than OPPE's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLCR GlacierShares Nasdaq Iceland ETF	1.08%	0.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OPPE WisdomTree European Opportunities Fund	2.72%	2.95%	3.99%	3.53%	5.13%	2.39%	3.42%	3.08%	2.34%	1.46%	2.60%	4.39%

Frequently Asked Questions

Can I hold both GLCR and OPPE in my portfolio?

GLCR and OPPE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLCR or OPPE?

GLCR has higher volatility (7.93%) compared to OPPE (5.49%). In terms of maximum drawdown, GLCR dropped -16.79% vs OPPE's -39.28%.

Which ETF is better, GLCR or OPPE?

On 1-year performance, OPPE leads with 28.81% vs -7.32% for GLCR. On fees, OPPE is cheaper at 0.58% per year. On volatility, OPPE has been the lower-risk option at 5.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLCR or OPPE?

Over the 1-year period, OPPE has performed better with a 28.81% return vs -7.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLCR or OPPE?

OPPE is cheaper with a 0.58% expense ratio, compared with 0.95% for GLCR.

Which ETF pays a higher dividend yield, GLCR or OPPE?

OPPE has the higher dividend yield at 2.72%, compared with 1.08% for GLCR.

What is the main difference between GLCR and OPPE?

GLCR tracks MarketVector Iceland Global Total Return Net Index, while OPPE tracks WisdomTree European Opportunities Index. They also come from different issuers: Teucrium and WisdomTree. Their fees differ too: 0.95% for GLCR and 0.58% for OPPE.

Which has better risk-adjusted returns?

OPPE currently has the higher Sharpe Ratio (2.09 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.