WDEE.DE vs. WRNW.DE
WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) and WRNW.DE (WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc) are both Energy Equities funds - WDEE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy while WRNW.DE tracks the WisdomTree Renewable Energy. Both are passively managed. Over the past year, WDEE.DE returned 38.58% vs 106.88% for WRNW.DE. At a 0.17 correlation, their price movements are largely independent. WDEE.DE charges 0.18%/yr vs 0.45%/yr for WRNW.DE.
Performance
WDEE.DE vs. WRNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WDEE.DE achieves a 33.31% return, which is significantly higher than WRNW.DE's 30.17% return.
WDEE.DE
- 1D
- 2.19%
- 1M
- -0.24%
- YTD
- 33.31%
- 6M
- 28.72%
- 1Y
- 38.58%
- 3Y*
- 16.13%
- 5Y*
- —
- 10Y*
- —
WRNW.DE
- 1D
- -2.37%
- 1M
- 4.66%
- YTD
- 30.17%
- 6M
- 30.34%
- 1Y
- 106.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDEE.DE vs. WRNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc | 33.31% | -2.96% | 9.29% | 10.27% |
WRNW.DE WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc | 30.17% | 51.49% | -23.68% | -12.62% |
Correlation
The correlation between WDEE.DE and WRNW.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2023 | 0.17 |
The correlation between WDEE.DE and WRNW.DE shifts across timeframes, from -0.08 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WDEE.DE vs. WRNW.DE — Risk / Return Rank
WDEE.DE
WRNW.DE
WDEE.DE vs. WRNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) and WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE). 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.
| WDEE.DE | WRNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 7.07 | -4.13 |
| Martin ratioReturn relative to average drawdown | 9.51 | 23.97 | -14.46 |
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
| WDEE.DE | WRNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 3.54 | -1.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.37 | +0.33 |
Drawdowns
WDEE.DE vs. WRNW.DE - Drawdown Comparison
The maximum WDEE.DE drawdown since its inception was -23.77%, smaller than the maximum WRNW.DE drawdown of -49.14%. Use the drawdown chart below to compare losses from any high point for WDEE.DE and WRNW.DE.
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Drawdown Indicators
| WDEE.DE | WRNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -49.14% | +25.37% |
Max Drawdown (1Y)Largest decline over 1 year | -12.42% | -15.04% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | — | — |
Current DrawdownCurrent decline from peak | -4.37% | -4.04% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -20.88% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 4.44% | -0.59% |
Volatility
WDEE.DE vs. WRNW.DE - Volatility Comparison
The current volatility for Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) is 7.54%, while WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc (WRNW.DE) has a volatility of 10.28%. This indicates that WDEE.DE experiences smaller price fluctuations and is considered to be less risky than WRNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDEE.DE | WRNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 10.28% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.53% | 19.33% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 30.01% | -9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 26.02% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.94% | 26.02% | -6.08% |
WDEE.DE vs. WRNW.DE - Expense Ratio Comparison
WDEE.DE has a 0.18% expense ratio, which is lower than WRNW.DE's 0.45% expense ratio.
Dividends
WDEE.DE vs. WRNW.DE - Dividend Comparison
Neither WDEE.DE nor WRNW.DE has paid dividends to shareholders.
Frequently Asked Questions
WDEE.DE and WRNW.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDEE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDEE.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for WRNW.DE.
WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy, while WRNW.DE tracks WisdomTree Renewable Energy. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.18% for WDEE.DE and 0.45% for WRNW.DE.
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