WDEF.L vs. DFEU.L

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L).

WDEF.L and DFEU.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WDEF.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Defence UCITS Index. It was launched on Mar 4, 2025. DFEU.L is a passively managed fund by iShares that tracks the performance of the STOXX Europe Targeted Defence Index. It was launched on May 23, 2025. Both WDEF.L and DFEU.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WDEF.L vs. DFEU.L - Performance Comparison

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

WDEF.L vs. DFEU.L - Yearly Performance Comparison

	2026 (YTD)	2025
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	7.03%	-2.53%
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating	8.62%	-15.55%

Different Trading Currencies

WDEF.L is traded in EUR, while DFEU.L is traded in GBP. To make them comparable, the DFEU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WDEF.L achieves a 7.03% return, which is significantly lower than DFEU.L's 8.62% return.

WDEF.L

• 1D: 2.46%
• 1M: -6.69%
• YTD: 7.03%
• 6M: -5.34%
• 1Y: 24.01%
• 3Y*: 11.83%
• 5Y*: 8.24%
• 10Y*: —

DFEU.L

• 1D: 2.40%
• 1M: -5.78%
• YTD: 8.62%
• 6M: -5.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDEF.L vs. DFEU.L - Expense Ratio Comparison

WDEF.L has a 0.40% expense ratio, which is higher than DFEU.L's 0.35% expense ratio.

WDEF.L

WisdomTree Europe Defence UCITS ETF - EUR Acc EUR

DFEU.L

iShares Europe Defence UCITS ETF EUR Accumulating

Return for Risk

WDEF.L vs. DFEU.L — Risk / Return Rank

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

WDEF.L

WDEF.L Risk / Return Rank: 42
WDEF.L Sharpe Ratio Rank: 21
WDEF.L Sortino Ratio Rank: 39
WDEF.L Omega Ratio Rank: 52
WDEF.L Calmar Ratio Rank: 53
WDEF.L Martin Ratio Rank: 45

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.

WDEF.L vs. DFEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.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.

	WDEF.L	DFEU.L	Difference
Sharpe ratio Return per unit of total volatility	0.31	—	—
Sortino ratio Return per unit of downside risk	1.07	—	—
Omega ratio Gain probability vs. loss probability	1.19	—	—
Calmar ratio Return relative to maximum drawdown	1.28	—	—
Martin ratio Return relative to average drawdown	4.05	—	—
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

	WDEF.L	DFEU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	-0.35	+0.73

Correlation

The correlation between WDEF.L and DFEU.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WDEF.L vs. DFEU.L - Dividend Comparison

Neither WDEF.L nor DFEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

WDEF.L vs. DFEU.L - Drawdown Comparison

The maximum WDEF.L drawdown since its inception was -35.48%, which is greater than DFEU.L's maximum drawdown of -22.57%. Use the drawdown chart below to compare losses from any high point for WDEF.L and DFEU.L.

Drawdown Indicators

	WDEF.L	DFEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-20.99%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-25.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.24%	—	—
Current Drawdown Current decline from peak	-9.72%	-9.54%	-0.18%
Average Drawdown Average peak-to-trough decline	-8.24%	-9.89%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.17%	—	—

Volatility

Volatility by Period

	WDEF.L	DFEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	68.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.09%	31.78%	+43.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.69%	31.78%	+10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.85%	31.78%	+10.07%