HSEP.L vs. WDEP.L
HSEP.L (HSBC Europe Sustainable Equity UCITS ETF EUR) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - HSEP.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, HSEP.L returned 22.82% vs -0.69% for WDEP.L. At a 0.28 correlation, their price movements are largely independent. HSEP.L charges 0.15%/yr vs 0.45%/yr for WDEP.L.
Performance
HSEP.L vs. WDEP.L - Performance Comparison
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Different Trading Currencies
HSEP.L is traded in GBP, while WDEP.L is traded in GBp. To make them comparable, the WDEP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSEP.L achieves a 10.84% return, which is significantly higher than WDEP.L's 1.13% return.
HSEP.L
- 1D
- -0.04%
- 1M
- 5.24%
- YTD
- 10.84%
- 6M
- 13.51%
- 1Y
- 22.82%
- 3Y*
- 15.06%
- 5Y*
- 9.61%
- 10Y*
- —
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSEP.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HSEP.L HSBC Europe Sustainable Equity UCITS ETF EUR | 10.84% | 16.11% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between HSEP.L and WDEP.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.28 |
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Return for Risk
HSEP.L vs. WDEP.L — Risk / Return Rank
HSEP.L
WDEP.L
HSEP.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.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.
| HSEP.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | -0.04 | +2.00 |
| Martin ratioReturn relative to average drawdown | 7.14 | -0.08 | +7.22 |
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
| HSEP.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | -0.02 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.59 | +0.18 |
Drawdowns
HSEP.L vs. WDEP.L - Drawdown Comparison
The maximum HSEP.L drawdown since its inception was -17.96%, smaller than the maximum WDEP.L drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for HSEP.L and WDEP.L.
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Drawdown Indicators
| HSEP.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -19.56% | +1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -19.56% | +7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -11.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -14.70% | +13.76% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -6.15% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 8.32% | -5.13% |
Volatility
HSEP.L vs. WDEP.L - Volatility Comparison
The current volatility for HSBC Europe Sustainable Equity UCITS ETF EUR (HSEP.L) is 4.61%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that HSEP.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
| HSEP.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 10.28% | -5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 22.06% | -10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.15% | 28.59% | -15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 30.09% | -15.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 30.09% | -15.57% |
HSEP.L vs. WDEP.L - Expense Ratio Comparison
HSEP.L has a 0.15% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
HSEP.L vs. WDEP.L - Dividend Comparison
Neither HSEP.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
HSEP.L and WDEP.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSEP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSEP.L is cheaper with a 0.15% expense ratio, compared with 0.45% for WDEP.L.
HSEP.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: HSBC and WisdomTree. Their fees differ too: 0.15% for HSEP.L and 0.45% for WDEP.L.
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