WDEF.L vs. WDGF

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree Europe Defence UCITS ETF - EUR Acc EUR (WDEF.L) and WisdomTree Global Defense Fund (WDGF).

WDEF.L and WDGF 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. WDGF is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Global Defense Index. It was launched on Sep 10, 2025. Both WDEF.L and WDGF 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. WDGF - 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 WisdomTree Global Defense Fund (WDGF). The values are adjusted to include any dividend payments, if applicable.

WDEF.L vs. WDGF - Yearly Performance Comparison

	2026 (YTD)	2025
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	13.88%	-6.75%
WDGF WisdomTree Global Defense Fund	12.89%	-0.41%

Different Trading Currencies

WDEF.L is traded in EUR, while WDGF is traded in USD. To make them comparable, the WDGF 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 13.88% return, which is significantly higher than WDGF's 12.89% return.

WDEF.L

• 1D: 6.40%
• 1M: 24.64%
• YTD: 13.88%
• 6M: 1.45%
• 1Y: 28.91%
• 3Y*: 14.17%
• 5Y*: 9.60%
• 10Y*: —

WDGF

• 1D: 3.65%
• 1M: -4.19%
• YTD: 12.89%
• 6M: 6.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDEF.L vs. WDGF - Expense Ratio Comparison

WDEF.L has a 0.40% expense ratio, which is lower than WDGF's 0.45% expense ratio.

WDGF

WisdomTree Global Defense Fund

WDEF.L

WisdomTree Europe Defence UCITS ETF - EUR Acc EUR

Return for Risk

WDEF.L vs. WDGF — 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: 48
WDEF.L Sharpe Ratio Rank: 22
WDEF.L Sortino Ratio Rank: 39
WDEF.L Omega Ratio Rank: 52
WDEF.L Calmar Ratio Rank: 69
WDEF.L Martin Ratio Rank: 56

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. WDGF - 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 WisdomTree Global Defense Fund (WDGF). 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	WDGF	Difference
Sharpe ratio Return per unit of total volatility	0.38	—	—
Sortino ratio Return per unit of downside risk	1.16	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.85	—	—
Martin ratio Return relative to average drawdown	5.83	—	—
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	WDGF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.09	-0.68

Correlation

The correlation between WDEF.L and WDGF is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WDEF.L vs. WDGF - Dividend Comparison

WDEF.L has not paid dividends to shareholders, while WDGF's dividend yield for the trailing twelve months is around 0.04%.

	TTM	2025
WDEF.L WisdomTree Europe Defence UCITS ETF - EUR Acc EUR	0.00%	0.00%
WDGF WisdomTree Global Defense Fund	0.04%	0.05%

Drawdowns

WDEF.L vs. WDGF - Drawdown Comparison

The maximum WDEF.L drawdown since its inception was -35.48%, which is greater than WDGF's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for WDEF.L and WDGF.

Drawdown Indicators

	WDEF.L	WDGF	Difference
Max Drawdown Largest peak-to-trough decline	-35.48%	-13.29%	-22.19%
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	-3.95%	-5.88%	+1.93%
Average Drawdown Average peak-to-trough decline	-8.24%	-4.47%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	—	—

Volatility

Volatility by Period

	WDEF.L	WDGF	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	69.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.34%	21.89%	+53.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.79%	21.89%	+20.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.94%	21.89%	+20.05%