WDEP.L vs. MVEU.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past year, WDEP.L returned 0.28% vs 11.85% for MVEU.L. At a 0.33 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.25%/yr for MVEU.L.
Performance
WDEP.L vs. MVEU.L - Performance Comparison
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Different Trading Currencies
WDEP.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.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 -2.02% return, which is significantly lower than MVEU.L's 6.38% return.
WDEP.L
- 1D
- 0.00%
- 1M
- -4.91%
- YTD
- -2.02%
- 6M
- -1.77%
- 1Y
- 0.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVEU.L
- 1D
- 0.26%
- 1M
- 0.18%
- YTD
- 6.38%
- 6M
- 6.68%
- 1Y
- 11.85%
- 3Y*
- 11.79%
- 5Y*
- 7.21%
- 10Y*
- 8.04%
WDEP.L vs. MVEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -2.02% | 7.30% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 6.38% | 7.80% |
Correlation
The correlation between WDEP.L and MVEU.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.33 |
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Return for Risk
WDEP.L vs. MVEU.L — Risk / Return Rank
WDEP.L
MVEU.L
WDEP.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.42 | -1.41 |
| Martin ratioReturn relative to average drawdown | 0.02 | 4.19 | -4.17 |
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Drawdowns
WDEP.L vs. MVEU.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -23.44%, roughly equal to the maximum MVEU.L drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for WDEP.L and MVEU.L.
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Drawdown Indicators
| WDEP.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.44% | -23.74% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -8.32% | -15.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.74% | — |
Current DrawdownCurrent decline from peak | -20.07% | -3.10% | -16.97% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -3.52% | -5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.97% | 2.82% | +9.15% |
Volatility
WDEP.L vs. MVEU.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 Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 1.93% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 21.99% | 7.32% | +14.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.49% | 8.92% | +25.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.00% | 11.28% | +24.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.00% | 12.62% | +23.38% |
WDEP.L vs. MVEU.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.
Dividends
WDEP.L vs. MVEU.L - Dividend Comparison
Neither WDEP.L nor MVEU.L has paid dividends to shareholders.
Frequently Asked Questions
WDEP.L and MVEU.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEU.L is cheaper with a 0.25% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDEP.L and 0.25% for MVEU.L.
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