WTEF.DE vs. ETLS.DE
WTEF.DE (WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - WTEF.DE tracks the WisdomTree US Efficient Core UCITS while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past year, WTEF.DE returned 21.82% vs 25.37% for ETLS.DE. Their correlation of 0.82 suggests significant overlap in exposure. WTEF.DE charges 0.20%/yr vs 0.05%/yr for ETLS.DE.
Performance
WTEF.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEF.DE achieves a 9.49% return, which is significantly lower than ETLS.DE's 11.28% return.
WTEF.DE
- 1D
- -0.22%
- 1M
- 4.75%
- YTD
- 9.49%
- 6M
- 9.49%
- 1Y
- 21.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLS.DE
- 1D
- -0.11%
- 1M
- 4.61%
- YTD
- 11.28%
- 6M
- 10.60%
- 1Y
- 25.37%
- 3Y*
- 19.26%
- 5Y*
- 14.64%
- 10Y*
- —
WTEF.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTEF.DE WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc | 9.49% | 3.44% | 28.84% | 6.12% |
ETLS.DE L&G US Equity UCITS ETF | 11.28% | 5.06% | 32.53% | 5.17% |
Correlation
The correlation between WTEF.DE and ETLS.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2023 | 0.82 |
The correlation between WTEF.DE and ETLS.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
WTEF.DE vs. ETLS.DE — Risk / Return Rank
WTEF.DE
ETLS.DE
WTEF.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.DE) and L&G US Equity UCITS ETF (ETLS.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.
| WTEF.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.37 | -0.81 |
| Martin ratioReturn relative to average drawdown | 8.75 | 12.00 | -3.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WTEF.DE | ETLS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.21 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.98 | +0.22 |
Drawdowns
WTEF.DE vs. ETLS.DE - Drawdown Comparison
The maximum WTEF.DE drawdown since its inception was -22.39%, smaller than the maximum ETLS.DE drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for WTEF.DE and ETLS.DE.
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Drawdown Indicators
| WTEF.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.39% | -33.98% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -7.57% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.68% | — |
Current DrawdownCurrent decline from peak | -0.52% | -0.45% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -4.63% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.13% | +0.38% |
Volatility
WTEF.DE vs. ETLS.DE - Volatility Comparison
WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.DE) has a higher volatility of 3.73% compared to L&G US Equity UCITS ETF (ETLS.DE) at 2.76%. This indicates that WTEF.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEF.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 2.76% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 7.67% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 11.54% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 15.45% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 17.17% | -2.19% |
WTEF.DE vs. ETLS.DE - Expense Ratio Comparison
WTEF.DE has a 0.20% expense ratio, which is higher than ETLS.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WTEF.DE vs. ETLS.DE - Dividend Comparison
Neither WTEF.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEF.DE and ETLS.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for WTEF.DE.
WTEF.DE tracks WisdomTree US Efficient Core UCITS, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: WisdomTree and Legal & General. Their fees differ too: 0.20% for WTEF.DE and 0.05% for ETLS.DE.
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