MVEU.L vs. WDEP.L

Last updated Jun 6, 2026

MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - MVEU.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. MVEU.L charges 0.25%/yr vs 0.45%/yr for WDEP.L.

Performance

MVEU.L vs. WDEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) and WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MVEU.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

MVEU.L

• 1D: 0.44%
• 1M: 0.22%
• YTD: 6.31%
• 6M: 7.60%
• 1Y: 5.80%
• 3Y*: 10.44%
• 5Y*: 7.49%
• 10Y*: 6.63%

WDEP.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MVEU.L vs. WDEP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVEU.L

MVEU.L Risk / Return Rank: 21
MVEU.L Sharpe Ratio Rank: 21
MVEU.L Sortino Ratio Rank: 20
MVEU.L Omega Ratio Rank: 20
MVEU.L Calmar Ratio Rank: 20
MVEU.L Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVEU.L vs. WDEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

	MVEU.L	WDEP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.67	—	—
Sortino ratio: Return per unit of downside risk	0.98	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.82	—	—
Martin ratio: Return relative to average drawdown	2.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVEU.L	WDEP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	—	—

Drawdowns

Drawdown Indicators

	MVEU.L	WDEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.51%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.56%	—	—
Current Drawdown Current decline from peak	-2.64%	—	—
Average Drawdown Average peak-to-trough decline	-4.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	—	—

Volatility

Volatility by Period

	MVEU.L	WDEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.59%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.06%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	—	—

MVEU.L vs. WDEP.L - Expense Ratio Comparison

MVEU.L has a 0.25% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.

Dividends

MVEU.L vs. WDEP.L - Dividend Comparison

Neither MVEU.L nor WDEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, MVEU.L or WDEP.L?

On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MVEU.L or WDEP.L?

MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.

What is the main difference between MVEU.L and WDEP.L?

MVEU.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 MVEU.L and 0.45% for WDEP.L.