WTEE.DE vs. ESNB.DE
WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - WTEE.DE tracks the WisdomTree Europe Equity Income while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, WTEE.DE returned 13.28%/yr vs -1.86%/yr for ESNB.DE. At a 0.02 correlation, their price movements are largely independent. WTEE.DE charges 0.29%/yr vs 1.38%/yr for ESNB.DE.
Performance
WTEE.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEE.DE achieves a 17.18% return, which is significantly higher than ESNB.DE's -7.20% return.
WTEE.DE
- 1D
- 0.06%
- 1M
- 1.24%
- 6M
- 14.29%
- YTD
- 17.18%
- 1Y
- 29.64%
- 3Y*
- 18.21%
- 5Y*
- 13.28%
- 10Y*
- 8.75%
ESNB.DE
- 1D
- -0.13%
- 1M
- -0.70%
- 6M
- -5.93%
- YTD
- -7.20%
- 1Y
- -5.98%
- 3Y*
- -1.71%
- 5Y*
- -1.86%
- 10Y*
- —
WTEE.DE vs. ESNB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 17.18% | 28.57% | 2.22% | 15.07% | -0.07% | 18.86% | -18.42% | 21.73% | -7.69% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -7.20% | 0.82% | 0.78% | 2.90% | -8.70% | 5.74% | -3.42% | 5.43% | -7.45% |
Correlation
The correlation between WTEE.DE and ESNB.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.02 |
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Return for Risk
WTEE.DE vs. ESNB.DE — Risk / Return Rank
WTEE.DE
ESNB.DE
WTEE.DE vs. ESNB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.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.
| WTEE.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.91 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | -0.49 | +4.86 |
| Martin ratioReturn relative to average drawdown | 16.25 | -1.05 | +17.30 |
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Drawdowns
WTEE.DE vs. ESNB.DE - Drawdown Comparison
The maximum WTEE.DE drawdown since its inception was -39.64%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for WTEE.DE and ESNB.DE.
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Drawdown Indicators
| WTEE.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -22.77% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -10.40% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -12.60% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -15.85% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.87% | +13.87% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -8.44% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 4.88% | -3.06% |
Volatility
WTEE.DE vs. ESNB.DE - Volatility Comparison
WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and Expat Serbia BELEX15 UCITS ETF (ESNB.DE) have volatilities of 2.98% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEE.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 3.07% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 6.22% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 9.76% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 10.53% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 12.11% | +3.48% |
WTEE.DE vs. ESNB.DE - Expense Ratio Comparison
WTEE.DE has a 0.29% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
WTEE.DE vs. ESNB.DE - Dividend Comparison
WTEE.DE's dividend yield for the trailing twelve months is around 5.10%, while ESNB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 5.10% | 5.36% | 6.80% | 5.61% | 5.35% | 4.63% | 3.98% | 4.51% | 4.80% | 4.03% | 1.35% | 4.53% |
Frequently Asked Questions
WTEE.DE and ESNB.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 1.38% for ESNB.DE.
WTEE.DE tracks WisdomTree Europe Equity Income, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: WisdomTree and Expat. Their fees differ too: 0.29% for WTEE.DE and 1.38% for ESNB.DE.
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