WDEP.L vs. OMXS.L
WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) and OMXS.L (iShares OMX Stockholm Capped UCITS ETF) are both Europe Equities funds - WDEP.L tracks the WisdomTree Europe Defence Index while OMXS.L tracks the MSCI Sweden NR SEK. Both are passively managed. Over the past year, WDEP.L returned -2.66% vs 27.12% for OMXS.L. At a 0.28 correlation, their price movements are largely independent. WDEP.L charges 0.45%/yr vs 0.10%/yr for OMXS.L.
Performance
WDEP.L vs. OMXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDEP.L achieves a -0.21% return, which is significantly lower than OMXS.L's 7.69% return.
WDEP.L
- 1D
- -1.09%
- 1M
- -3.26%
- YTD
- -0.21%
- 6M
- 3.94%
- 1Y
- -2.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OMXS.L
- 1D
- -1.18%
- 1M
- 1.26%
- YTD
- 7.69%
- 6M
- 11.57%
- 1Y
- 27.12%
- 3Y*
- 14.43%
- 5Y*
- 5.62%
- 10Y*
- —
WDEP.L vs. OMXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | -0.21% | 20.67% |
OMXS.L iShares OMX Stockholm Capped UCITS ETF | 7.69% | 13.60% |
Correlation
The correlation between WDEP.L and OMXS.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.28 |
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Return for Risk
WDEP.L vs. OMXS.L — Risk / Return Rank
WDEP.L
OMXS.L
WDEP.L vs. OMXS.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 OMX Stockholm Capped UCITS ETF (OMXS.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 | OMXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.93 | -2.07 |
| Martin ratioReturn relative to average drawdown | -0.32 | 6.96 | -7.28 |
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 | OMXS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 1.50 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.49 | +0.05 |
Drawdowns
WDEP.L vs. OMXS.L - Drawdown Comparison
The maximum WDEP.L drawdown since its inception was -19.56%, smaller than the maximum OMXS.L drawdown of -32.75%. Use the drawdown chart below to compare losses from any high point for WDEP.L and OMXS.L.
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Drawdown Indicators
| WDEP.L | OMXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -32.75% | +13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -13.98% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.75% | — |
Current DrawdownCurrent decline from peak | -15.83% | -3.93% | -11.90% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -8.64% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.37% | 3.89% | +4.48% |
Volatility
WDEP.L vs. OMXS.L - Volatility Comparison
WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a higher volatility of 10.30% compared to iShares OMX Stockholm Capped UCITS ETF (OMXS.L) at 6.51%. This indicates that WDEP.L's price experiences larger fluctuations and is considered to be riskier than OMXS.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 | OMXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | 6.51% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.17% | 15.07% | +7.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.59% | 17.97% | +10.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 20.80% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.11% | 20.15% | +9.96% |
WDEP.L vs. OMXS.L - Expense Ratio Comparison
WDEP.L has a 0.45% expense ratio, which is higher than OMXS.L's 0.10% expense ratio.
Dividends
WDEP.L vs. OMXS.L - Dividend Comparison
Neither WDEP.L nor OMXS.L has paid dividends to shareholders.
Frequently Asked Questions
WDEP.L and OMXS.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OMXS.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OMXS.L is cheaper with a 0.10% expense ratio, compared with 0.45% for WDEP.L.
WDEP.L tracks WisdomTree Europe Defence Index, while OMXS.L tracks MSCI Sweden NR SEK. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for WDEP.L and 0.10% for OMXS.L.
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