IEFQ.L vs. WDEP.L
IEFQ.L (iShares Edge MSCIope Quality Factor UCITS) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - IEFQ.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IEFQ.L returned 9.60% vs -0.69% for WDEP.L. At a 0.32 correlation, their price movements are largely independent. IEFQ.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.
Performance
IEFQ.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFQ.L achieves a 3.66% return, which is significantly higher than WDEP.L's 1.13% return.
IEFQ.L
- 1D
- 0.91%
- 1M
- 1.52%
- YTD
- 3.66%
- 6M
- 4.93%
- 1Y
- 9.60%
- 3Y*
- 7.89%
- 5Y*
- 6.05%
- 10Y*
- 8.84%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEFQ.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEFQ.L iShares Edge MSCIope Quality Factor UCITS | 3.66% | 8.45% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between IEFQ.L and WDEP.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.32 |
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Return for Risk
IEFQ.L vs. WDEP.L — Risk / Return Rank
IEFQ.L
WDEP.L
IEFQ.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCIope Quality Factor UCITS (IEFQ.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.
| IEFQ.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.04 | +1.02 |
| Martin ratioReturn relative to average drawdown | 3.18 | -0.08 | +3.26 |
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
| IEFQ.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.02 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.59 | +0.01 |
Drawdowns
IEFQ.L vs. WDEP.L - Drawdown Comparison
The maximum IEFQ.L drawdown since its inception was -26.38%, 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 IEFQ.L and WDEP.L.
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Drawdown Indicators
| IEFQ.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.38% | -19.56% | -6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -19.56% | +9.89% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.38% | — | — |
Current DrawdownCurrent decline from peak | -3.33% | -14.70% | +11.37% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -6.15% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 8.32% | -5.30% |
Volatility
IEFQ.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCIope Quality Factor UCITS (IEFQ.L) is 3.63%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that IEFQ.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
| IEFQ.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 10.28% | -6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 22.06% | -12.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 28.59% | -17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 30.09% | -16.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 30.09% | -15.83% |
IEFQ.L vs. WDEP.L - Expense Ratio Comparison
IEFQ.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IEFQ.L vs. WDEP.L - Dividend Comparison
Neither IEFQ.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
IEFQ.L and WDEP.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFQ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFQ.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
IEFQ.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for IEFQ.L and 0.45% for WDEP.L.
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