WREE.L vs. EZA
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and EZA (iShares MSCI South Africa ETF) are both exchange-traded funds - WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while EZA is a Emerging Markets Equities fund tracking the MSCI South Africa Index. Both are passively managed. Over the past year, WREE.L returned 89.23% vs 32.37% for EZA. A 0.52 correlation means they provide meaningful diversification when combined. WREE.L charges 0.50%/yr vs 0.59%/yr for EZA.
Performance
WREE.L vs. EZA - Performance Comparison
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Different Trading Currencies
WREE.L is traded in GBp, while EZA is traded in USD. To make them comparable, the EZA 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 7.84% return, which is significantly higher than EZA's -2.31% return.
WREE.L
- 1D
- 0.00%
- 1M
- -17.91%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 89.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZA
- 1D
- 0.98%
- 1M
- -4.68%
- YTD
- -2.31%
- 6M
- 2.51%
- 1Y
- 32.37%
- 3Y*
- 20.97%
- 5Y*
- 10.64%
- 10Y*
- 8.68%
WREE.L vs. EZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 7.84% | 100.33% | 7,349.36% |
EZA iShares MSCI South Africa ETF | -2.31% | 62.72% | 15.29% |
Correlation
The correlation between WREE.L and EZA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | 0.52 |
The correlation between WREE.L and EZA has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
WREE.L vs. EZA — Risk / Return Rank
WREE.L
EZA
WREE.L vs. EZA - 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 iShares MSCI South Africa ETF (EZA). 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 | EZA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 1.44 | +1.88 |
| Martin ratioReturn relative to average drawdown | 7.72 | 3.78 | +3.94 |
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Drawdowns
WREE.L vs. EZA - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, smaller than the maximum EZA drawdown of -54.38%. Use the drawdown chart below to compare losses from any high point for WREE.L and EZA.
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Drawdown Indicators
| WREE.L | EZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -54.38% | +26.88% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -22.51% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.90% | — |
Current DrawdownCurrent decline from peak | -19.29% | -17.58% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -14.35% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 8.59% | +2.97% |
Volatility
WREE.L vs. EZA - Volatility Comparison
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) has a higher volatility of 12.90% compared to iShares MSCI South Africa ETF (EZA) at 10.43%. This indicates that WREE.L's price experiences larger fluctuations and is considered to be riskier than EZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WREE.L | EZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 10.43% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 24.70% | +6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 29.13% | +27.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,411.89% | 25.57% | +5,386.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,411.89% | 29.10% | +5,382.79% |
WREE.L vs. EZA - Expense Ratio Comparison
WREE.L has a 0.50% expense ratio, which is lower than EZA's 0.59% expense ratio.
Dividends
WREE.L vs. EZA - Dividend Comparison
WREE.L has not paid dividends to shareholders, while EZA's dividend yield for the trailing twelve months is around 6.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 6.34% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
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
WREE.L and EZA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WREE.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WREE.L is cheaper with a 0.50% expense ratio, compared with 0.59% for EZA.
WREE.L is categorized as Commodity Producers Equities, while EZA is Emerging Markets Equities. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while EZA tracks MSCI South Africa Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.50% for WREE.L and 0.59% for EZA.
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