WTES.DE vs. EUDF.DE
WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both exchange-traded funds - WTES.DE is a Dividend fund tracking the WisdomTree Europe SmallCap Dividend UCITS Index Euro, while EUDF.DE is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, WTES.DE returned 11.03% vs -2.49% for EUDF.DE. At a 0.34 correlation, their price movements are largely independent. WTES.DE charges 0.38%/yr vs 0.40%/yr for EUDF.DE.
Performance
WTES.DE vs. EUDF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly higher than EUDF.DE's 0.42% return.
WTES.DE
- 1D
- -0.21%
- 1M
- 0.02%
- 6M
- 5.26%
- YTD
- 7.78%
- 1Y
- 11.03%
- 3Y*
- 12.58%
- 5Y*
- 5.87%
- 10Y*
- 7.78%
EUDF.DE
- 1D
- 0.00%
- 1M
- -1.31%
- 6M
- -14.25%
- YTD
- 0.42%
- 1Y
- -2.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTES.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.78% | 12.02% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 0.42% | 22.36% |
Correlation
The correlation between WTES.DE and EUDF.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2025 | 0.34 |
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Return for Risk
WTES.DE vs. EUDF.DE — Risk / Return Rank
WTES.DE
EUDF.DE
WTES.DE vs. EUDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) and WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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.
| WTES.DE | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.13 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.54 | -0.26 | +4.80 |
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Drawdowns
WTES.DE vs. EUDF.DE - Drawdown Comparison
The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than EUDF.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for WTES.DE and EUDF.DE.
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Drawdown Indicators
| WTES.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -19.51% | -24.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -19.51% | +11.17% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -15.80% | +14.96% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -7.13% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 9.51% | -6.85% |
Volatility
WTES.DE vs. EUDF.DE - Volatility Comparison
The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) is 2.81%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 8.72%. This indicates that WTES.DE experiences smaller price fluctuations and is considered to be less risky than EUDF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTES.DE | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 8.72% | -5.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 22.00% | -11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 28.99% | -16.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 30.55% | -14.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 30.55% | -14.41% |
WTES.DE vs. EUDF.DE - Expense Ratio Comparison
WTES.DE has a 0.38% expense ratio, which is lower than EUDF.DE's 0.40% expense ratio.
Dividends
WTES.DE vs. EUDF.DE - Dividend Comparison
WTES.DE's dividend yield for the trailing twelve months is around 3.82%, while EUDF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR 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% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.82% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
WTES.DE and EUDF.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTES.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTES.DE is cheaper with a 0.38% expense ratio, compared with 0.40% for EUDF.DE.
WTES.DE is categorized as Dividend, while EUDF.DE is Aerospace & Defense. WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). Their fees differ too: 0.38% for WTES.DE and 0.40% for EUDF.DE.
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