WPEA.PA vs. EUAD
WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both exchange-traded funds - WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Both are passively managed. Over the past year, WPEA.PA returned 23.62% vs -3.44% for EUAD. At a 0.33 correlation, their price movements are largely independent. WPEA.PA charges 0.25%/yr vs 0.50%/yr for EUAD.
Performance
WPEA.PA vs. EUAD - Performance Comparison
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Different Trading Currencies
WPEA.PA is traded in EUR, while EUAD is traded in USD. To make them comparable, the EUAD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WPEA.PA achieves a 11.02% return, which is significantly higher than EUAD's -2.32% return.
WPEA.PA
- 1D
- -0.06%
- 1M
- 4.84%
- YTD
- 11.02%
- 6M
- 11.28%
- 1Y
- 23.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUAD
- 1D
- 1.97%
- 1M
- -0.39%
- YTD
- -2.32%
- 6M
- 0.50%
- 1Y
- -3.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WPEA.PA vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 11.02% | 6.89% | 4.29% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -2.32% | 53.80% | 0.54% |
Correlation
The correlation between WPEA.PA and EUAD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | 0.33 |
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Return for Risk
WPEA.PA vs. EUAD — Risk / Return Rank
WPEA.PA
EUAD
WPEA.PA vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.
| WPEA.PA | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | -0.16 | +3.73 |
| Martin ratioReturn relative to average drawdown | 14.20 | -0.38 | +14.58 |
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
| WPEA.PA | EUAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | -0.12 | +2.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.02 | +0.01 |
Drawdowns
WPEA.PA vs. EUAD - Drawdown Comparison
The maximum WPEA.PA drawdown since its inception was -21.59%, roughly equal to the maximum EUAD drawdown of -21.92%. Use the drawdown chart below to compare losses from any high point for WPEA.PA and EUAD.
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Drawdown Indicators
| WPEA.PA | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.59% | -21.92% | +0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -21.92% | +15.39% |
Current DrawdownCurrent decline from peak | -0.37% | -15.50% | +15.13% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -5.59% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 8.99% | -7.34% |
Volatility
WPEA.PA vs. EUAD - Volatility Comparison
The current volatility for iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) is 2.59%, while Select STOXX Europe Aerospace & Defense ETF (EUAD) has a volatility of 10.64%. This indicates that WPEA.PA experiences smaller price fluctuations and is considered to be less risky than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPEA.PA | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 10.64% | -8.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 23.07% | -15.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 27.87% | -16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 28.73% | -14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 28.73% | -14.16% |
WPEA.PA vs. EUAD - Expense Ratio Comparison
WPEA.PA has a 0.25% expense ratio, which is lower than EUAD's 0.50% expense ratio.
Dividends
WPEA.PA vs. EUAD - Dividend Comparison
WPEA.PA has not paid dividends to shareholders, while EUAD's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.41% | 0.40% | 0.10% |
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WPEA.PA and EUAD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WPEA.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WPEA.PA is cheaper with a 0.25% expense ratio, compared with 0.50% for EUAD.
WPEA.PA is categorized as Global Equities, while EUAD is Aerospace & Defense. WPEA.PA tracks MSCI World NET TR EUR Index, while EUAD tracks STOXX Europe Total Market Aerospace & Defense Index. They also come from different issuers: iShares and Select Funds. Their fees differ too: 0.25% for WPEA.PA and 0.50% for EUAD.
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