WDEP.L vs. IEDL.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past year, WDEP.L returned -0.69% vs 36.33% for IEDL.L. At a 0.29 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.25%/yr for IEDL.L.
Performance
WDEP.L vs. IEDL.L - Performance Comparison
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Different Trading Currencies
WDEP.L is traded in GBp, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDEP.L achieves a 1.13% return, which is significantly lower than IEDL.L's 13.19% return.
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEDL.L
- 1D
- 0.03%
- 1M
- 4.86%
- YTD
- 13.19%
- 6M
- 15.86%
- 1Y
- 36.33%
- 3Y*
- 21.75%
- 5Y*
- 14.62%
- 10Y*
- —
WDEP.L vs. IEDL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 13.19% | 25.46% |
Correlation
The correlation between WDEP.L and IEDL.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.29 |
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Return for Risk
WDEP.L vs. IEDL.L — Risk / Return Rank
WDEP.L
IEDL.L
WDEP.L vs. IEDL.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 Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.
| WDEP.L | IEDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.48 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.43 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.08 | 12.68 | -12.77 |
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
| WDEP.L | IEDL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.68 | -2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.59 | 0.00 |
Drawdowns
WDEP.L vs. IEDL.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -19.56%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for WDEP.L and IEDL.L.
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Drawdown Indicators
| WDEP.L | IEDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -34.37% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -10.54% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.28% | — |
Current DrawdownCurrent decline from peak | -14.70% | -0.80% | -13.90% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -5.72% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 2.86% | +5.46% |
Volatility
WDEP.L vs. IEDL.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 10.28% compared to iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) at 4.75%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than IEDL.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 | IEDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.28% | 4.75% | +5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 11.06% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.59% | 13.48% | +15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.09% | 15.30% | +14.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.09% | 17.59% | +12.50% |
WDEP.L vs. IEDL.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than IEDL.L's 0.25% expense ratio.
Dividends
WDEP.L vs. IEDL.L - Dividend Comparison
WDEP.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 3.01% | 3.44% | 4.22% | 4.76% | 4.23% | 3.56% | 2.32% | 3.86% | 3.19% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDEP.L and IEDL.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDEP.L and 0.25% for IEDL.L.
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