WDEP.L vs. IEFV.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and IEFV.L (iShares Edge MSCI Europe Value Factor UCITS ETF) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while IEFV.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past year, WDEP.L returned 0.28% vs 38.77% for IEFV.L. At a 0.27 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.25%/yr for IEFV.L.
Performance
WDEP.L vs. IEFV.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 IEFV.L's 14.64% return.
WDEP.L
- 1D
- 0.00%
- 1M
- -4.91%
- YTD
- -2.02%
- 6M
- -1.77%
- 1Y
- 0.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IEFV.L
- 1D
- 1.36%
- 1M
- 1.12%
- YTD
- 14.64%
- 6M
- 15.38%
- 1Y
- 38.77%
- 3Y*
- 22.78%
- 5Y*
- 15.04%
- 10Y*
- 12.59%
WDEP.L vs. IEFV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -2.02% | 7.30% |
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF | 14.64% | 22.89% |
Correlation
The correlation between WDEP.L and IEFV.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.27 |
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Return for Risk
WDEP.L vs. IEFV.L — Risk / Return Rank
WDEP.L
IEFV.L
WDEP.L vs. IEFV.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 (IEFV.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 | IEFV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.53 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.65 | -3.64 |
| Martin ratioReturn relative to average drawdown | 0.02 | 13.42 | -13.40 |
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Drawdowns
WDEP.L vs. IEFV.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -23.44%, smaller than the maximum IEFV.L drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for WDEP.L and IEFV.L.
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Drawdown Indicators
| WDEP.L | IEFV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -34.64% | +11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -10.57% | -12.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.64% | — |
Current DrawdownCurrent decline from peak | -20.07% | 0.00% | -20.07% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -6.18% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 2.88% | +9.09% |
Volatility
WDEP.L vs. IEFV.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 7.74% compared to iShares Edge MSCI Europe Value Factor UCITS ETF (IEFV.L) at 3.84%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than IEFV.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 | IEFV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 3.84% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 11.09% | +10.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.49% | 13.43% | +21.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.00% | 17.10% | +18.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 17.58% | +18.42% |
WDEP.L vs. IEFV.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than IEFV.L's 0.25% expense ratio.
Dividends
WDEP.L vs. IEFV.L - Dividend Comparison
Neither WDEP.L nor IEFV.L has paid dividends to shareholders.
Frequently Asked Questions
WDEP.L and IEFV.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEFV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEFV.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while IEFV.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 IEFV.L.
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