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WDEP.L vs. IMIB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WDEP.L vs. IMIB.L

Last updated Jun 26, 2026

WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and IMIB.L (iShares FTSE MIB UCITS ETF EUR (Dist)) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while IMIB.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past year, WDEP.L returned 0.28% vs 38.30% for IMIB.L. At a 0.38 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.35%/yr for IMIB.L.

Performance

WDEP.L vs. IMIB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) and iShares FTSE MIB UCITS ETF EUR (Dist) (IMIB.L). The values are adjusted to include any dividend payments, if applicable.

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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 IMIB.L's 16.85% return.

WDEP.L

1D
0.00%
1M
-4.91%
YTD
-2.02%
6M
-1.77%
1Y
0.28%
3Y*
—
5Y*
—
10Y*
—

IMIB.L

1D
0.06%
1M
3.20%
YTD
16.85%
6M
17.51%
1Y
38.30%
3Y*
29.66%
5Y*
20.48%
10Y*
17.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WDEP.L vs. IMIB.L - Yearly Performance Comparison

2026 (YTD)2025
WDEP.L
WisdomTree Europe Defence UCITS ETF EUR Accumulating		-2.02%7.30%
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		16.85%25.88%

Correlation

The correlation between WDEP.L and IMIB.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

0.38

Compare stocks, funds, or ETFs

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WisdomTree Europe Defence UCITS ETF EUR Accumulating

iShares FTSE MIB UCITS ETF EUR (Dist)

Often compared with WDEP.L:
WDEP.L vs. DFNG.LWDEP.L vs. MVED.LWDEP.L vs. LCPE.LWDEP.L vs. CS1.LWDEP.L vs. MIVO.LWDEP.L vs. DFND.ASWDEP.L vs. SPOL.L
Often compared with IMIB.L:
IMIB.L vs. ESIF.LIMIB.L vs. SPMOIMIB.L vs. X7PP.LIMIB.L vs. VOOIMIB.L vs. BNKE.LIMIB.L vs. PSRE.LIMIB.L vs. EEIP.L

Return for Risk

WDEP.L vs. IMIB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WDEP.L
WDEP.L Risk / Return Rank: 99
Overall Rank
WDEP.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
WDEP.L Sortino Ratio Rank: 99
Sortino Ratio Rank
WDEP.L Omega Ratio Rank: 99
Omega Ratio Rank
WDEP.L Calmar Ratio Rank: 99
Calmar Ratio Rank
WDEP.L Martin Ratio Rank: 99
Martin Ratio Rank
IMIB.L
IMIB.L Risk / Return Rank: 8484
Overall Rank
IMIB.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IMIB.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
IMIB.L Omega Ratio Rank: 8585
Omega Ratio Rank
IMIB.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IMIB.L Martin Ratio Rank: 7979
Martin Ratio Rank
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.

WDEP.L vs. IMIB.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 EUR (Dist) (IMIB.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.LIMIB.LDifference
Sharpe ratioReturn per unit of total volatility
0.01
2.53

-2.53

Sortino ratioReturn per unit of downside risk
0.26
3.41

-3.15

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

13.54

-13.51

WDEP.L vs. IMIB.L - Sharpe Ratio Comparison

The current WDEP.L Sharpe Ratio is 0.01, which is lower than the IMIB.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of WDEP.L and IMIB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WDEP.L vs. IMIB.L - Drawdown Comparison

The maximum WDEP.L drawdown since its inception was -23.44%, smaller than the maximum IMIB.L drawdown of -70.29%. Use the drawdown chart below to compare losses from any high point for WDEP.L and IMIB.L.

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Drawdown Indicators

WDEP.LIMIB.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.44%

-70.29%

+46.85%

Max Drawdown (1Y)

Largest decline over 1 year

-23.44%

-10.28%

-13.16%

Max Drawdown (3Y)

Largest decline over 3 years

—

-15.58%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.06%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.68%

—

Current Drawdown

Current decline from peak

-20.07%

-2.80%

-17.27%

Average Drawdown

Average peak-to-trough decline

-9.29%

-32.96%

+23.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.97%

2.82%

+9.15%

Volatility

WDEP.L vs. IMIB.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 EUR (Dist) (IMIB.L) at 4.03%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than IMIB.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.LIMIB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.74%

4.03%

+3.71%

Volatility (6M)

Calculated over the trailing 6-month period

21.99%

12.33%

+9.66%

Volatility (1Y)

Calculated over the trailing 1-year period

34.49%

15.06%

+19.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.00%

17.94%

+18.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

36.00%

19.35%

+16.65%

WDEP.L vs. IMIB.L - Expense Ratio Comparison

WDEP.L has a 0.45% expense ratio, which is higher than IMIB.L's 0.35% expense ratio.

Dividends

WDEP.L vs. IMIB.L - Dividend Comparison

WDEP.L has not paid dividends to shareholders, while IMIB.L's dividend yield for the trailing twelve months is around 3.75%.

PositionTTM20252024202320222021202020192018201720162015
IMIB.L
iShares FTSE MIB UCITS ETF EUR (Dist)		3.75%3.83%4.53%3.77%3.90%3.15%1.44%3.41%3.25%2.29%2.82%2.15%
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%0.00%0.00%0.00%

Frequently Asked Questions

WDEP.L and IMIB.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, IMIB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IMIB.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WDEP.L.

WDEP.L tracks WisdomTree Europe Defence Index, while IMIB.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 0.35% for IMIB.L.

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