IMIB.L vs. WDEP.L
IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - IMIB.L tracks the FTSE Italia AllShare TR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, IMIB.L returned 28.71% vs -0.69% for WDEP.L. At a 0.39 correlation, their price movements are largely independent. IMIB.L charges 0.35%/yr vs 0.45%/yr for WDEP.L.
Performance
IMIB.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IMIB.L achieves a 11.33% return, which is significantly higher than WDEP.L's 1.13% return.
IMIB.L
- 1D
- 0.02%
- 1M
- 2.98%
- YTD
- 11.33%
- 6M
- 14.60%
- 1Y
- 28.71%
- 3Y*
- 23.85%
- 5Y*
- 15.08%
- 10Y*
- 12.13%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMIB.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 11.33% | 21.78% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between IMIB.L and WDEP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.39 |
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Return for Risk
IMIB.L vs. WDEP.L — Risk / Return Rank
IMIB.L
WDEP.L
IMIB.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.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.
| IMIB.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.02 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -0.04 | +2.82 |
| Martin ratioReturn relative to average drawdown | 9.17 | -0.08 | +9.25 |
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
| IMIB.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.02 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.59 | -0.48 |
Drawdowns
IMIB.L vs. WDEP.L - Drawdown Comparison
The maximum IMIB.L drawdown since its inception was -65.01%, 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 IMIB.L and WDEP.L.
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Drawdown Indicators
| IMIB.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.01% | -19.56% | -45.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.28% | -19.56% | +9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.60% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -14.70% | +14.06% |
Average DrawdownAverage peak-to-trough decline | -31.09% | -6.15% | -24.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 8.32% | -5.20% |
Volatility
IMIB.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L) is 4.94%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that IMIB.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
| IMIB.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 10.28% | -5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 22.06% | -9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 28.59% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 30.09% | -11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 30.09% | -10.38% |
IMIB.L vs. WDEP.L - Expense Ratio Comparison
IMIB.L has a 0.35% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
IMIB.L vs. WDEP.L - Dividend Comparison
IMIB.L's dividend yield for the trailing twelve months is around 0.04%, while WDEP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMIB.L iShares FTSE MIB UCITS ETF EUR (Dist) | 0.04% | 0.04% | 0.05% | 0.04% | 0.04% | 0.03% | 0.01% | 0.03% | 0.03% | 0.02% | 0.03% | 0.02% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IMIB.L and WDEP.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IMIB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IMIB.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WDEP.L.
IMIB.L tracks FTSE Italia AllShare TR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.35% for IMIB.L and 0.45% for WDEP.L.
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