WREE.L vs. H2O.DE
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) is Rare Earth & Strategic Metals fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while H2O.DE (Enapter AG) is a stock. Over the past year, WREE.L returned 90.87% vs -50.92% for H2O.DE. At a correlation of -0.05, they often move in opposite directions.
Performance
WREE.L vs. H2O.DE - Performance Comparison
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Different Trading Currencies
WREE.L is traded in GBp, while H2O.DE is traded in EUR. To make them comparable, the H2O.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 7.84% return, which is significantly higher than H2O.DE's -18.85% return.
WREE.L
- 1D
- 0.00%
- 1M
- -14.93%
- YTD
- 7.84%
- 6M
- 16.54%
- 1Y
- 90.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
H2O.DE
- 1D
- -0.02%
- 1M
- 4.21%
- YTD
- -18.85%
- 6M
- -29.87%
- 1Y
- -50.92%
- 3Y*
- -51.87%
- 5Y*
- -44.63%
- 10Y*
- —
WREE.L vs. H2O.DE - 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% |
H2O.DE Enapter AG | -18.85% | -57.56% | -21.84% |
Correlation
The correlation between WREE.L and H2O.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2024 | -0.05 |
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Return for Risk
WREE.L vs. H2O.DE — Risk / Return Rank
WREE.L
H2O.DE
WREE.L vs. H2O.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 Enapter AG (H2O.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 | H2O.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.91 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | -0.77 | +4.09 |
| Martin ratioReturn relative to average drawdown | 7.72 | -1.17 | +8.89 |
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Drawdowns
WREE.L vs. H2O.DE - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, smaller than the maximum H2O.DE drawdown of -97.81%. Use the drawdown chart below to compare losses from any high point for WREE.L and H2O.DE.
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Drawdown Indicators
| WREE.L | H2O.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -97.81% | +70.31% |
Max Drawdown (1Y)Largest decline over 1 year | -26.87% | -63.62% | +36.75% |
Max Drawdown (3Y)Largest decline over 3 years | — | -91.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.23% | — |
Current DrawdownCurrent decline from peak | -19.29% | -97.28% | +77.99% |
Average DrawdownAverage peak-to-trough decline | -10.25% | -66.84% | +56.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.56% | 41.98% | -30.42% |
Volatility
WREE.L vs. H2O.DE - Volatility Comparison
The current volatility for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) is 12.90%, while Enapter AG (H2O.DE) has a volatility of 16.54%. This indicates that WREE.L experiences smaller price fluctuations and is considered to be less risky than H2O.DE 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 | H2O.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 16.54% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 42.27% | -11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.33% | 77.06% | -20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5,411.89% | 60.70% | +5,351.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5,411.89% | 7,401.01% | -1,989.12% |
Dividends
WREE.L vs. H2O.DE - Dividend Comparison
Neither WREE.L nor H2O.DE has paid dividends to shareholders.
Frequently Asked Questions
WREE.L and H2O.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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