IEFS.L vs. WDEP.L
IEFS.L (iShares Edge MSCI Europe Size Factor UCITS ETF) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - IEFS.L tracks the MSCI Europe SMID NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IEFS.L returned 16.22% vs -2.66% for WDEP.L. At a 0.36 correlation, their price movements are largely independent. IEFS.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.
Performance
IEFS.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFS.L achieves a 5.78% return, which is significantly higher than WDEP.L's -0.21% return.
IEFS.L
- 1D
- -0.28%
- 1M
- 1.57%
- YTD
- 5.78%
- 6M
- 8.60%
- 1Y
- 16.22%
- 3Y*
- 12.43%
- 5Y*
- 5.82%
- 10Y*
- 8.37%
WDEP.L
- 1D
- -1.09%
- 1M
- -3.26%
- YTD
- -0.21%
- 6M
- 3.94%
- 1Y
- -2.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEFS.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEFS.L iShares Edge MSCI Europe Size Factor UCITS ETF | 5.78% | 16.47% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -0.21% | 20.67% |
Correlation
The correlation between IEFS.L and WDEP.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.36 |
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Return for Risk
IEFS.L vs. WDEP.L — Risk / Return Rank
IEFS.L
WDEP.L
IEFS.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.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.
| IEFS.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.01 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.14 | +1.77 |
| Martin ratioReturn relative to average drawdown | 5.83 | -0.32 | +6.14 |
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
| IEFS.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | -0.09 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.02 |
Drawdowns
IEFS.L vs. WDEP.L - Drawdown Comparison
The maximum IEFS.L drawdown since its inception was -31.02%, 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 IEFS.L and WDEP.L.
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Drawdown Indicators
| IEFS.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -19.56% | -11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -19.56% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -11.84% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.02% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -15.83% | +13.43% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.13% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 8.37% | -5.59% |
Volatility
IEFS.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Size Factor UCITS ETF (IEFS.L) is 3.78%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.30%. This indicates that IEFS.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
| IEFS.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 10.30% | -6.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 22.17% | -12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 28.59% | -16.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 30.11% | -15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 30.11% | -14.52% |
IEFS.L vs. WDEP.L - Expense Ratio Comparison
IEFS.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IEFS.L vs. WDEP.L - Dividend Comparison
Neither IEFS.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
IEFS.L and WDEP.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFS.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
IEFS.L tracks MSCI Europe SMID 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 IEFS.L and 0.45% for WDEP.L.
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