IEMD.L vs. WDEP.L
IEMD.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - IEMD.L is a Momentum fund tracking the MSCI Europe Momentum Index, while WDEP.L is a Europe Equities fund tracking the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IEMD.L returned 17.49% vs -3.29% for WDEP.L. A 0.54 correlation means they provide meaningful diversification when combined. IEMD.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.
Performance
IEMD.L vs. WDEP.L - Performance Comparison
Loading charts...
Different Trading Currencies
IEMD.L is traded in EUR, while WDEP.L is traded in GBp. To make them comparable, the WDEP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEMD.L achieves a 8.04% return, which is significantly higher than WDEP.L's 2.04% return.
IEMD.L
- 1D
- -0.30%
- 1M
- 2.61%
- YTD
- 8.04%
- 6M
- 11.36%
- 1Y
- 17.49%
- 3Y*
- 20.17%
- 5Y*
- 11.34%
- 10Y*
- —
WDEP.L
- 1D
- 1.26%
- 1M
- -3.56%
- YTD
- 2.04%
- 6M
- 5.40%
- 1Y
- -3.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEMD.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) | 8.04% | 16.52% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 2.04% | 16.13% |
Correlation
The correlation between IEMD.L and WDEP.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.54 |
The correlation between IEMD.L and WDEP.L has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEMD.L vs. WDEP.L — Risk / Return Rank
IEMD.L
WDEP.L
IEMD.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.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.
| IEMD.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.17 | +1.68 |
| Martin ratioReturn relative to average drawdown | 5.57 | -0.38 | +5.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IEMD.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -0.11 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.49 | +0.22 |
Drawdowns
IEMD.L vs. WDEP.L - Drawdown Comparison
The maximum IEMD.L drawdown since its inception was -30.77%, which is greater than WDEP.L's maximum drawdown of -19.55%. Use the drawdown chart below to compare losses from any high point for IEMD.L and WDEP.L.
Loading charts...
Drawdown Indicators
| IEMD.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.77% | -19.55% | -11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -19.55% | +8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.73% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -13.92% | +12.92% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -6.59% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 8.31% | -5.18% |
Volatility
IEMD.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) (IEMD.L) is 4.68%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.37%. This indicates that IEMD.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.
Loading charts...
Volatility by Period
| IEMD.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 10.37% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 22.43% | -8.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.56% | 28.83% | -12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.11% | 30.51% | -14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 30.51% | -13.69% |
IEMD.L vs. WDEP.L - Expense Ratio Comparison
IEMD.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IEMD.L vs. WDEP.L - Dividend Comparison
IEMD.L's dividend yield for the trailing twelve months is around 1.71%, while WDEP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEMD.L iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist) | 1.71% | 1.85% | 2.70% | 2.78% | 2.90% | 1.77% | 1.36% | 2.00% | 2.51% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEMD.L and WDEP.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEMD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEMD.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
IEMD.L is categorized as Momentum, while WDEP.L is Europe Equities. IEMD.L tracks MSCI Europe Momentum Index, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for IEMD.L and 0.45% for WDEP.L.
Find the right allocation for IEMD.L and WDEP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer