WDEP.L vs. JRDE.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past year, WDEP.L returned 0.28% vs 70.58% for JRDE.L. At a 0.29 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.25%/yr for JRDE.L.
Performance
WDEP.L vs. JRDE.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 JRDE.L's 9.68% return.
WDEP.L
- 1D
- 0.00%
- 1M
- -4.91%
- YTD
- -2.02%
- 6M
- -1.77%
- 1Y
- 0.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JRDE.L
- 1D
- 0.80%
- 1M
- 2.70%
- YTD
- 9.68%
- 6M
- 10.16%
- 1Y
- 70.58%
- 3Y*
- 27.65%
- 5Y*
- —
- 10Y*
- —
WDEP.L vs. JRDE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -2.02% | 7.30% |
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 9.68% | 54.55% |
Correlation
The correlation between WDEP.L and JRDE.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.29 |
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Return for Risk
WDEP.L vs. JRDE.L — Risk / Return Rank
WDEP.L
JRDE.L
WDEP.L vs. JRDE.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 JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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 | JRDE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -6.95 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.97 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 6.42 | -6.41 |
| Martin ratioReturn relative to average drawdown | 0.02 | 22.32 | -22.29 |
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Drawdowns
WDEP.L vs. JRDE.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -23.44%, roughly equal to the maximum JRDE.L drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for WDEP.L and JRDE.L.
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Drawdown Indicators
| WDEP.L | JRDE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -24.20% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -10.94% | -12.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.84% | — |
Current DrawdownCurrent decline from peak | -20.07% | -0.11% | -19.96% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -7.30% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 3.15% | +8.82% |
Volatility
WDEP.L vs. JRDE.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 7.74% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 2.96%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than JRDE.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 | JRDE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 2.96% | +4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 10.42% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.49% | 38.77% | -4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.00% | 22.84% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 22.84% | +13.16% |
WDEP.L vs. JRDE.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than JRDE.L's 0.25% expense ratio.
Dividends
WDEP.L vs. JRDE.L - Dividend Comparison
WDEP.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 26.01% | 28.15% | 2.68% | 1.11% | 2.99% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDEP.L and JRDE.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRDE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRDE.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.45% for WDEP.L and 0.25% for JRDE.L.
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