L6EW.L vs. WDEP.L
L6EW.L (Ossiam Stoxx Europe 600 Equal Weight NR UCITS) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - L6EW.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, L6EW.L returned 15.30% vs -0.69% for WDEP.L. At a 0.30 correlation, their price movements are largely independent. L6EW.L charges 0.35%/yr vs 0.45%/yr for WDEP.L.
Performance
L6EW.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, L6EW.L achieves a 4.68% return, which is significantly higher than WDEP.L's 1.13% return.
L6EW.L
- 1D
- 0.54%
- 1M
- 2.62%
- YTD
- 4.68%
- 6M
- 7.10%
- 1Y
- 15.30%
- 3Y*
- 11.36%
- 5Y*
- 5.20%
- 10Y*
- 8.40%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
L6EW.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
L6EW.L Ossiam Stoxx Europe 600 Equal Weight NR UCITS | 4.68% | 15.48% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between L6EW.L and WDEP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.30 |
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Return for Risk
L6EW.L vs. WDEP.L — Risk / Return Rank
L6EW.L
WDEP.L
L6EW.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.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.
| L6EW.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.02 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.04 | +1.37 |
| Martin ratioReturn relative to average drawdown | 4.76 | -0.08 | +4.84 |
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
| L6EW.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | -0.02 | +1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.59 | +0.02 |
Drawdowns
L6EW.L vs. WDEP.L - Drawdown Comparison
The maximum L6EW.L drawdown since its inception was -30.88%, 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 L6EW.L and WDEP.L.
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Drawdown Indicators
| L6EW.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.88% | -19.56% | -11.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -19.56% | +8.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.88% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -14.70% | +12.78% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -6.15% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 8.32% | -5.11% |
Volatility
L6EW.L vs. WDEP.L - Volatility Comparison
The current volatility for Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L) is 4.00%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that L6EW.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
| L6EW.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 10.28% | -6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 22.06% | -11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 28.59% | -16.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 30.09% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.61% | 30.09% | -14.48% |
L6EW.L vs. WDEP.L - Expense Ratio Comparison
L6EW.L has a 0.35% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
L6EW.L vs. WDEP.L - Dividend Comparison
Neither L6EW.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
L6EW.L and WDEP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L6EW.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L6EW.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WDEP.L.
L6EW.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Natixis and WisdomTree. Their fees differ too: 0.35% for L6EW.L and 0.45% for WDEP.L.
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