GOGB.L vs. WDEF.L
Compare and contrast key facts about VanEck Morningstar Global Wide Moat UCITS ETF (GOGB.L) and WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L).
GOGB.L and WDEF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOGB.L is a passively managed fund by VanEck that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 7, 2020. WDEF.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Defence UCITS Index. It was launched on Mar 4, 2025. Both GOGB.L and WDEF.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GOGB.L vs. WDEF.L - Performance Comparison
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GOGB.L vs. WDEF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOGB.L VanEck Morningstar Global Wide Moat UCITS ETF | -2.27% | 16.93% | 11.23% | 4.82% | -0.76% | 16.28% | 7.72% |
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR | -13.73% | 32.72% | -6.71% | 18.06% | -15.48% | 18.49% | 10.17% |
Different Trading Currencies
GOGB.L is traded in GBP, while WDEF.L is traded in EUR. To make them comparable, the WDEF.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GOGB.L achieves a -2.27% return, which is significantly higher than WDEF.L's -13.73% return.
GOGB.L
- 1D
- -0.06%
- 1M
- -2.98%
- YTD
- -2.27%
- 6M
- -1.90%
- 1Y
- 10.49%
- 3Y*
- 9.44%
- 5Y*
- 7.86%
- 10Y*
- —
WDEF.L
- 1D
- -0.63%
- 1M
- -1.86%
- YTD
- -13.73%
- 6M
- -24.57%
- 1Y
- 4.40%
- 3Y*
- 3.71%
- 5Y*
- 4.17%
- 10Y*
- —
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GOGB.L vs. WDEF.L - Expense Ratio Comparison
GOGB.L has a 0.52% expense ratio, which is higher than WDEF.L's 0.40% expense ratio.
Return for Risk
GOGB.L vs. WDEF.L — Risk / Return Rank
GOGB.L
WDEF.L
GOGB.L vs. WDEF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (GOGB.L) 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.
| GOGB.L | WDEF.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.06 | +0.73 |
Sortino ratioReturn per unit of downside risk | 1.12 | 0.68 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.25 | +1.03 |
Martin ratioReturn relative to average drawdown | 5.35 | 0.86 | +4.49 |
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
| GOGB.L | WDEF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.06 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.13 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.25 | +0.46 |
Correlation
The correlation between GOGB.L and WDEF.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GOGB.L vs. WDEF.L - Dividend Comparison
Neither GOGB.L nor WDEF.L has paid dividends to shareholders.
Drawdowns
GOGB.L vs. WDEF.L - Drawdown Comparison
The maximum GOGB.L drawdown since its inception was -13.86%, smaller than the maximum WDEF.L drawdown of -29.77%. Use the drawdown chart below to compare losses from any high point for GOGB.L and WDEF.L.
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Drawdown Indicators
| GOGB.L | WDEF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.86% | -35.48% | +21.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -29.43% | +18.54% |
Max Drawdown (5Y)Largest decline over 5 years | -13.86% | -30.24% | +16.38% |
Current DrawdownCurrent decline from peak | -7.14% | -27.28% | +20.14% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -8.30% | +5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 8.85% | -6.26% |
Volatility
GOGB.L vs. WDEF.L - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF (GOGB.L) is 5.23%, while WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) has a volatility of 42.85%. This indicates that GOGB.L 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
| GOGB.L | WDEF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 42.85% | -37.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 72.04% | -63.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 77.35% | -63.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 43.84% | -31.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 42.49% | -29.52% |