LEMV.L vs. WDEP.L
LEMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - LEMV.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, LEMV.L returned 6.56% vs -2.66% for WDEP.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.
Performance
LEMV.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, LEMV.L achieves a 3.75% return, which is significantly higher than WDEP.L's -0.21% return.
LEMV.L
- 1D
- -0.21%
- 1M
- -1.62%
- YTD
- 3.75%
- 6M
- 5.46%
- 1Y
- 6.56%
- 3Y*
- 11.10%
- 5Y*
- 6.86%
- 10Y*
- 7.82%
WDEP.L
- 1D
- -1.09%
- 1M
- -3.26%
- YTD
- -0.21%
- 6M
- 3.94%
- 1Y
- -2.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LEMV.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LEMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR) | 3.75% | 7.45% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -0.21% | 20.67% |
Correlation
The correlation between LEMV.L and WDEP.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.31 |
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Return for Risk
LEMV.L vs. WDEP.L — Risk / Return Rank
LEMV.L
WDEP.L
LEMV.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.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.
| LEMV.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.14 | +0.85 |
| Martin ratioReturn relative to average drawdown | 2.43 | -0.32 | +2.75 |
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
| LEMV.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | -0.09 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.55 | +0.14 |
Drawdowns
LEMV.L vs. WDEP.L - Drawdown Comparison
The maximum LEMV.L drawdown since its inception was -23.95%, 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 LEMV.L and WDEP.L.
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Drawdown Indicators
| LEMV.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -19.56% | -4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.17% | -19.56% | +10.39% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -23.95% | — | — |
Current DrawdownCurrent decline from peak | -3.90% | -15.83% | +11.93% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -6.13% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 8.37% | -5.68% |
Volatility
LEMV.L vs. WDEP.L - Volatility Comparison
The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) is 2.82%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.30%. This indicates that LEMV.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
| LEMV.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 10.30% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 22.17% | -13.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 28.59% | -18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.80% | 30.11% | -18.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.49% | 30.11% | -17.62% |
LEMV.L vs. WDEP.L - Expense Ratio Comparison
Both LEMV.L and WDEP.L have an expense ratio of 0.45%.
Dividends
LEMV.L vs. WDEP.L - Dividend Comparison
Neither LEMV.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
LEMV.L and WDEP.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LEMV.L and WDEP.L have the same expense ratio: 0.45% per year.
LEMV.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Natixis and WisdomTree.
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