OMXS.L vs. WDEP.L
OMXS.L (iShares OMX Stockholm Capped UCITS ETF) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - OMXS.L tracks the MSCI Sweden NR SEK while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, OMXS.L returned 25.52% vs -0.69% for WDEP.L. At a 0.28 correlation, their price movements are largely independent. OMXS.L charges 0.10%/yr vs 0.45%/yr for WDEP.L.
Performance
OMXS.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, OMXS.L achieves a 7.63% return, which is significantly higher than WDEP.L's 1.13% return.
OMXS.L
- 1D
- -0.06%
- 1M
- 2.48%
- YTD
- 7.63%
- 6M
- 11.31%
- 1Y
- 25.52%
- 3Y*
- 14.59%
- 5Y*
- 5.61%
- 10Y*
- —
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OMXS.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OMXS.L iShares OMX Stockholm Capped UCITS ETF | 7.63% | 13.60% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between OMXS.L and WDEP.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.28 |
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Return for Risk
OMXS.L vs. WDEP.L — Risk / Return Rank
OMXS.L
WDEP.L
OMXS.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares OMX Stockholm Capped UCITS ETF (OMXS.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.
| OMXS.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.02 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.04 | +1.85 |
| Martin ratioReturn relative to average drawdown | 6.54 | -0.08 | +6.62 |
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
| OMXS.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | -0.02 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.59 | -0.10 |
Drawdowns
OMXS.L vs. WDEP.L - Drawdown Comparison
The maximum OMXS.L drawdown since its inception was -32.75%, 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 OMXS.L and WDEP.L.
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Drawdown Indicators
| OMXS.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.75% | -19.56% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.98% | -19.56% | +5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.75% | — | — |
Current DrawdownCurrent decline from peak | -3.99% | -14.70% | +10.71% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -6.15% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 8.32% | -4.43% |
Volatility
OMXS.L vs. WDEP.L - Volatility Comparison
The current volatility for iShares OMX Stockholm Capped UCITS ETF (OMXS.L) is 6.36%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that OMXS.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
| OMXS.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 10.28% | -3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 15.07% | 22.06% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.95% | 28.59% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 30.09% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.15% | 30.09% | -9.94% |
OMXS.L vs. WDEP.L - Expense Ratio Comparison
OMXS.L has a 0.10% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
OMXS.L vs. WDEP.L - Dividend Comparison
Neither OMXS.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
OMXS.L and WDEP.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OMXS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OMXS.L is cheaper with a 0.10% expense ratio, compared with 0.45% for WDEP.L.
OMXS.L tracks MSCI Sweden NR SEK, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for OMXS.L and 0.45% for WDEP.L.
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