WREE.L vs. IWDE.L

Last updated Jun 5, 2026

WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) are both exchange-traded funds - WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while IWDE.L is a Global Equities fund tracking the MSCI World 100% Hedged to EUR Index. Both are passively managed. Over the past year, WREE.L returned 112.06% vs 27.14% for IWDE.L. At a 0.47 correlation, their price movements are largely independent. WREE.L charges 0.50%/yr vs 0.55%/yr for IWDE.L.

Performance

WREE.L vs. IWDE.L - 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 iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WREE.L is traded in GBp, while IWDE.L is traded in EUR. To make them comparable, the IWDE.L 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 16.75% return, which is significantly higher than IWDE.L's 8.31% return.

WREE.L

• 1D: -1.12%
• 1M: -7.90%
• YTD: 16.75%
• 6M: 26.79%
• 1Y: 112.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWDE.L

• 1D: 0.22%
• 1M: 4.54%
• YTD: 8.31%
• 6M: 8.86%
• 1Y: 27.14%
• 3Y*: 18.58%
• 5Y*: 10.74%
• 10Y*: 12.32%

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

WREE.L vs. IWDE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc	16.75%	100.33%	-10.09%
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc)	8.31%	22.62%	7.41%

Correlation

The correlation between WREE.L and IWDE.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024	0.47

Return for Risk

WREE.L vs. IWDE.L — 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: 82
WREE.L Sharpe Ratio Rank: 90
WREE.L Sortino Ratio Rank: 76
WREE.L Omega Ratio Rank: 75
WREE.L Calmar Ratio Rank: 87
WREE.L Martin Ratio Rank: 83

IWDE.L

IWDE.L Risk / Return Rank: 66
IWDE.L Sharpe Ratio Rank: 64
IWDE.L Sortino Ratio Rank: 68
IWDE.L Omega Ratio Rank: 66
IWDE.L Calmar Ratio Rank: 62
IWDE.L Martin Ratio Rank: 71

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. IWDE.L - 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 World EUR Hedged UCITS ETF (Acc) (IWDE.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.

	WREE.L	IWDE.L	Difference
Sharpe ratio: Return per unit of total volatility	3.03	2.39	+0.64
Sortino ratio: Return per unit of downside risk	3.38	3.42	-0.05
Omega ratio: Gain probability vs. loss probability	1.44	1.43	+0.01
Calmar ratio: Return relative to maximum drawdown	4.84	3.26	+1.58
Martin ratio: Return relative to average drawdown	16.54	13.52	+3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WREE.L vs. IWDE.L - Sharpe Ratio Comparison

The current WREE.L Sharpe Ratio is 3.03, which is comparable to the IWDE.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of WREE.L and IWDE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WREE.L	IWDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.03	2.39	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	0.66	+0.70

Drawdowns

WREE.L vs. IWDE.L - Drawdown Comparison

The maximum WREE.L drawdown since its inception was -27.50%, roughly equal to the maximum IWDE.L drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for WREE.L and IWDE.L.

Drawdown Indicators

	WREE.L	IWDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.50%	-26.24%	-1.26%
Max Drawdown (1Y) Largest decline over 1 year	-23.01%	-8.28%	-14.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.24%	—
Current Drawdown Current decline from peak	-12.62%	-0.17%	-12.45%
Average Drawdown Average peak-to-trough decline	-8.58%	-5.05%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.75%	2.00%	+4.75%

Volatility

WREE.L vs. IWDE.L - Volatility Comparison

WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) has a higher volatility of 13.81% compared to iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) at 3.34%. This indicates that WREE.L's price experiences larger fluctuations and is considered to be riskier than IWDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WREE.L	IWDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.81%	3.34%	+10.47%
Volatility (6M) Calculated over the trailing 6-month period	29.92%	8.63%	+21.29%
Volatility (1Y) Calculated over the trailing 1-year period	36.84%	11.32%	+25.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.41%	14.87%	+15.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.41%	15.63%	+14.78%

WREE.L vs. IWDE.L - Expense Ratio Comparison

WREE.L has a 0.50% expense ratio, which is lower than IWDE.L's 0.55% expense ratio.

Dividends

WREE.L vs. IWDE.L - Dividend Comparison

Neither WREE.L nor IWDE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

WREE.L and IWDE.L have a correlation of 0.45, 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 IWDE.L?

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.

Which ETF is cheaper, WREE.L or IWDE.L?

WREE.L is cheaper with a 0.50% expense ratio, compared with 0.55% for IWDE.L.

What is the main difference between WREE.L and IWDE.L?

WREE.L is categorized as Commodity Producers Equities, while IWDE.L is Global Equities. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while IWDE.L tracks MSCI World 100% Hedged to EUR Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.50% for WREE.L and 0.55% for IWDE.L.