WDEP.L vs. CMB1.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past year, WDEP.L returned 0.28% vs 38.46% for CMB1.L. At a 0.37 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.33%/yr for CMB1.L.
Performance
WDEP.L vs. CMB1.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDEP.L achieves a -2.02% return, which is significantly lower than CMB1.L's 16.99% return.
WDEP.L
- 1D
- 0.00%
- 1M
- -4.91%
- YTD
- -2.02%
- 6M
- -1.77%
- 1Y
- 0.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CMB1.L
- 1D
- 0.03%
- 1M
- 3.29%
- YTD
- 16.99%
- 6M
- 17.62%
- 1Y
- 38.46%
- 3Y*
- 29.77%
- 5Y*
- 20.58%
- 10Y*
- 17.45%
WDEP.L vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -2.02% | 7.30% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 16.99% | 25.98% |
Correlation
The correlation between WDEP.L and CMB1.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.37 |
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Return for Risk
WDEP.L vs. CMB1.L — Risk / Return Rank
WDEP.L
CMB1.L
WDEP.L vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDEP.L | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.44 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.71 | -3.70 |
| Martin ratioReturn relative to average drawdown | 0.02 | 13.55 | -13.53 |
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Drawdowns
WDEP.L vs. CMB1.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -23.44%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for WDEP.L and CMB1.L.
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Drawdown Indicators
| WDEP.L | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -56.05% | +32.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -10.32% | -13.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.61% | — |
Current DrawdownCurrent decline from peak | -20.07% | -2.84% | -17.23% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -15.20% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 2.83% | +9.14% |
Volatility
WDEP.L vs. CMB1.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 7.74% compared to iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) at 3.96%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDEP.L | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 3.96% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 12.40% | +9.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.49% | 15.07% | +19.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.00% | 18.01% | +17.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 20.12% | +15.88% |
WDEP.L vs. CMB1.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than CMB1.L's 0.33% expense ratio.
Dividends
WDEP.L vs. CMB1.L - Dividend Comparison
Neither WDEP.L nor CMB1.L has paid dividends to shareholders.
Frequently Asked Questions
WDEP.L and CMB1.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMB1.L is cheaper with a 0.33% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDEP.L and 0.33% for CMB1.L.
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