IEQD.L vs. WDEP.L
IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - IEQD.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IEQD.L returned 6.61% vs -3.29% for WDEP.L. At a 0.34 correlation, their price movements are largely independent. IEQD.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.
Performance
IEQD.L vs. WDEP.L - Performance Comparison
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Different Trading Currencies
IEQD.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, IEQD.L achieves a 4.24% return, which is significantly higher than WDEP.L's 2.04% return.
IEQD.L
- 1D
- 0.53%
- 1M
- 1.23%
- YTD
- 4.24%
- 6M
- 5.85%
- 1Y
- 6.61%
- 3Y*
- 7.76%
- 5Y*
- 5.90%
- 10Y*
- —
WDEP.L
- 1D
- 1.26%
- 1M
- -3.56%
- YTD
- 2.04%
- 6M
- 5.40%
- 1Y
- -3.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEQD.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IEQD.L iShares Edge MSCI Europe Quality Factor UCITS Dist | 4.24% | 4.81% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 2.04% | 16.13% |
Correlation
The correlation between IEQD.L and WDEP.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.34 |
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Return for Risk
IEQD.L vs. WDEP.L — Risk / Return Rank
IEQD.L
WDEP.L
IEQD.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.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.
| IEQD.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.00 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.17 | +0.94 |
| Martin ratioReturn relative to average drawdown | 2.08 | -0.38 | +2.46 |
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
| IEQD.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | -0.11 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.49 | +0.05 |
Drawdowns
IEQD.L vs. WDEP.L - Drawdown Comparison
The maximum IEQD.L drawdown since its inception was -33.13%, 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 IEQD.L and WDEP.L.
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Drawdown Indicators
| IEQD.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -19.55% | -13.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -19.55% | +11.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -1.91% | -13.92% | +12.01% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -6.59% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 8.31% | -5.14% |
Volatility
IEQD.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) is 3.95%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.37%. This indicates that IEQD.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
| IEQD.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 10.37% | -6.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 22.43% | -13.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 28.83% | -17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 30.51% | -16.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 30.51% | -15.17% |
IEQD.L vs. WDEP.L - Expense Ratio Comparison
IEQD.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IEQD.L vs. WDEP.L - Dividend Comparison
IEQD.L's dividend yield for the trailing twelve months is around 2.09%, while WDEP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEQD.L iShares Edge MSCI Europe Quality Factor UCITS Dist | 2.09% | 2.18% | 2.37% | 2.74% | 2.69% | 1.96% | 2.21% | 2.89% | 2.93% |
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
IEQD.L and WDEP.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEQD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEQD.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
IEQD.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 IEQD.L and 0.45% for WDEP.L.
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