IEFV.L vs. WDEP.L
IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - IEFV.L tracks the MSCI Europe Value NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IEFV.L returned 36.47% vs -0.69% for WDEP.L. At a 0.28 correlation, their price movements are largely independent. IEFV.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.
Performance
IEFV.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEFV.L achieves a 12.95% return, which is significantly higher than WDEP.L's 1.13% return.
IEFV.L
- 1D
- 0.27%
- 1M
- 5.00%
- YTD
- 12.95%
- 6M
- 16.06%
- 1Y
- 36.47%
- 3Y*
- 21.78%
- 5Y*
- 14.64%
- 10Y*
- 11.79%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEFV.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 12.95% | 25.69% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between IEFV.L and WDEP.L is 0.21, 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
IEFV.L vs. WDEP.L — Risk / Return Rank
IEFV.L
WDEP.L
IEFV.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.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.
| IEFV.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.52 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.02 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.04 | +3.47 |
| Martin ratioReturn relative to average drawdown | 12.64 | -0.08 | +12.72 |
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
| IEFV.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | -0.02 | +2.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.59 | +0.01 |
Drawdowns
IEFV.L vs. WDEP.L - Drawdown Comparison
The maximum IEFV.L drawdown since its inception was -34.64%, 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 IEFV.L and WDEP.L.
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Drawdown Indicators
| IEFV.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -19.56% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -19.56% | +8.99% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | -14.70% | +14.00% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -6.15% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 8.32% | -5.44% |
Volatility
IEFV.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) is 4.25%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that IEFV.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
| IEFV.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 10.28% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 22.06% | -11.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 28.59% | -15.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 30.09% | -15.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 30.09% | -13.39% |
IEFV.L vs. WDEP.L - Expense Ratio Comparison
IEFV.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IEFV.L vs. WDEP.L - Dividend Comparison
Neither IEFV.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
IEFV.L and WDEP.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
IEFV.L tracks MSCI Europe Value 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 IEFV.L and 0.45% for WDEP.L.
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