WREE.L vs. EL4A.DE

Last updated Jun 16, 2026

WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and EL4A.DE (Deka DAX UCITS ETF) are both exchange-traded funds - WREE.L is a Rare Earth & Strategic Metals fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while EL4A.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past year, WREE.L returned 102.97% vs 6.97% for EL4A.DE. At a 0.42 correlation, their price movements are largely independent. WREE.L charges 0.50%/yr vs 0.15%/yr for EL4A.DE.

Performance

WREE.L vs. EL4A.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and Deka DAX UCITS ETF (EL4A.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WREE.L is traded in GBp, while EL4A.DE is traded in EUR. To make them comparable, the EL4A.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, WREE.L achieves a 14.68% return, which is significantly higher than EL4A.DE's 0.21% return.

WREE.L

• 1D: 0.00%
• 1M: -5.46%
• YTD: 14.68%
• 6M: 23.09%
• 1Y: 102.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EL4A.DE

• 1D: 1.22%
• 1M: 2.92%
• YTD: 0.21%
• 6M: 0.93%
• 1Y: 6.97%
• 3Y*: 14.91%
• 5Y*: 9.21%
• 10Y*: 10.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WREE.L vs. EL4A.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc	14.68%	100.33%	7,349.36%
EL4A.DE Deka DAX UCITS ETF	0.21%	28.94%	7.56%

Correlation

The correlation between WREE.L and EL4A.DE 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 Apr 22, 2024	0.42

Return for Risk

WREE.L vs. EL4A.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WREE.L

WREE.L Risk / Return Rank: 63
WREE.L Sharpe Ratio Rank: 58
WREE.L Sortino Ratio Rank: 54
WREE.L Omega Ratio Rank: 72
WREE.L Calmar Ratio Rank: 79
WREE.L Martin Ratio Rank: 55

EL4A.DE

EL4A.DE Risk / Return Rank: 14
EL4A.DE Sharpe Ratio Rank: 14
EL4A.DE Sortino Ratio Rank: 13
EL4A.DE Omega Ratio Rank: 13
EL4A.DE Calmar Ratio Rank: 14
EL4A.DE Martin Ratio Rank: 15

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.

WREE.L vs. EL4A.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) and Deka DAX UCITS ETF (EL4A.DE). 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.

	WREE.L	EL4A.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.82	0.44	+1.38
Sortino ratio: Return per unit of downside risk	2.41	0.73	+1.67
Omega ratio: Gain probability vs. loss probability	1.39	1.09	+0.31
Calmar ratio: Return relative to maximum drawdown	3.83	0.55	+3.28
Martin ratio: Return relative to average drawdown	8.91	1.73	+7.17

WREE.L vs. EL4A.DE - Sharpe Ratio Comparison

The current WREE.L Sharpe Ratio is 1.82, which is higher than the EL4A.DE Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of WREE.L and EL4A.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WREE.L vs. EL4A.DE - Drawdown Comparison

The maximum WREE.L drawdown since its inception was -27.50%, smaller than the maximum EL4A.DE drawdown of -41.42%. Use the drawdown chart below to compare losses from any high point for WREE.L and EL4A.DE.

Drawdown Indicators

	WREE.L	EL4A.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.50%	-41.42%	+13.92%
Max Drawdown (1Y) Largest decline over 1 year	-26.87%	-12.68%	-14.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.44%	—
Current Drawdown Current decline from peak	-14.17%	-3.22%	-10.95%
Average Drawdown Average peak-to-trough decline	-10.25%	-8.24%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	4.01%	+7.55%

Volatility

WREE.L vs. EL4A.DE - Volatility Comparison

WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) has a higher volatility of 14.40% compared to Deka DAX UCITS ETF (EL4A.DE) at 4.19%. This indicates that WREE.L's price experiences larger fluctuations and is considered to be riskier than EL4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WREE.L	EL4A.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.40%	4.19%	+10.21%
Volatility (6M) Calculated over the trailing 6-month period	31.32%	13.01%	+18.31%
Volatility (1Y) Calculated over the trailing 1-year period	56.75%	15.89%	+40.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5,406.88%	17.30%	+5,389.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5,406.88%	18.16%	+5,388.72%

WREE.L vs. EL4A.DE - Expense Ratio Comparison

WREE.L has a 0.50% expense ratio, which is higher than EL4A.DE's 0.15% expense ratio.

Dividends

WREE.L vs. EL4A.DE - Dividend Comparison

Neither WREE.L nor EL4A.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4A.DE Deka DAX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.65%	0.56%	0.65%	0.60%
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc	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

Can I hold both WREE.L and EL4A.DE in my portfolio?

WREE.L and EL4A.DE 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.

Which ETF is better, WREE.L or EL4A.DE?

On fees, EL4A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WREE.L or EL4A.DE?

EL4A.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for WREE.L.

What is the main difference between WREE.L and EL4A.DE?

WREE.L is categorized as Rare Earth & Strategic Metals, while EL4A.DE is Europe Equities. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while EL4A.DE tracks DAX®. They also come from different issuers: WisdomTree and Deka. Their fees differ too: 0.50% for WREE.L and 0.15% for EL4A.DE.