WTES.DE vs. VDIV.DE

Last updated Jul 16, 2026

WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - WTES.DE is a Dividend fund tracking the WisdomTree Europe SmallCap Dividend UCITS Index Euro, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, WTES.DE returned 5.87%/yr vs 18.33%/yr for VDIV.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.38% expense ratio.

Performance

WTES.DE vs. VDIV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly lower than VDIV.DE's 13.82% 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%

VDIV.DE

• 1D: 0.28%
• 1M: 2.84%
• 6M: 11.38%
• YTD: 13.82%
• 1Y: 30.96%
• 3Y*: 21.44%
• 5Y*: 18.33%
• 10Y*: —

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

WTES.DE vs. VDIV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF	7.78%	17.37%	5.33%	10.89%	-15.66%	27.92%	-4.86%	31.22%	-1.16%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	13.82%	24.58%	15.66%	11.45%	15.47%	27.94%	-11.00%	23.04%	-2.35%

Correlation

The correlation between WTES.DE and VDIV.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 11, 2018	0.63

Over the past year, the correlation between WTES.DE and VDIV.DE has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

WTES.DE vs. VDIV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTES.DE

WTES.DE Risk / Return Rank: 32
WTES.DE Sharpe Ratio Rank: 31
WTES.DE Sortino Ratio Rank: 30
WTES.DE Omega Ratio Rank: 31
WTES.DE Calmar Ratio Rank: 34
WTES.DE Martin Ratio Rank: 36

VDIV.DE

VDIV.DE Risk / Return Rank: 96
VDIV.DE Sharpe Ratio Rank: 96
VDIV.DE Sortino Ratio Rank: 96
VDIV.DE Omega Ratio Rank: 95
VDIV.DE Calmar Ratio Rank: 97
VDIV.DE Martin Ratio Rank: 95

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.

WTES.DE vs. VDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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	VDIV.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.97	3.26	-2.29
Sortino ratio: Return per unit of downside risk	1.42	4.60	-3.18
Omega ratio: Gain probability vs. loss probability	1.18	1.62	-0.44
Calmar ratio: Return relative to maximum drawdown	1.44	8.37	-6.93
Martin ratio: Return relative to average drawdown	4.54	24.68	-20.14

WTES.DE vs. VDIV.DE - Sharpe Ratio Comparison

The current WTES.DE Sharpe Ratio is 0.97, which is lower than the VDIV.DE Sharpe Ratio of 3.26. The chart below compares the historical Sharpe Ratios of WTES.DE and VDIV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WTES.DE vs. VDIV.DE - Drawdown Comparison

The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than VDIV.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for WTES.DE and VDIV.DE.

Drawdown Indicators

	WTES.DE	VDIV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-36.13%	-8.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-3.68%	-4.66%
Max Drawdown (3Y) Largest decline over 3 years	-13.40%	-15.13%	+1.73%
Max Drawdown (5Y) Largest decline over 5 years	-26.53%	-15.13%	-11.40%
Max Drawdown (10Y) Largest decline over 10 years	-44.21%	—	—
Current Drawdown Current decline from peak	-0.84%	0.00%	-0.84%
Average Drawdown Average peak-to-trough decline	-7.48%	-4.18%	-3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.25%	+1.41%

Volatility

WTES.DE vs. VDIV.DE - Volatility Comparison

WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) has a higher volatility of 2.81% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.45%. This indicates that WTES.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTES.DE	VDIV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	2.45%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	7.07%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	9.49%	+2.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	11.93%	+3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	15.29%	+0.85%

WTES.DE vs. VDIV.DE - Expense Ratio Comparison

Both WTES.DE and VDIV.DE have an expense ratio of 0.38%.

Dividends

WTES.DE vs. VDIV.DE - Dividend Comparison

WTES.DE's dividend yield for the trailing twelve months is around 3.82%, more than VDIV.DE's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.08%	3.58%	4.19%	4.97%	4.56%	3.97%	4.11%	4.35%	0.91%	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

Can I hold both WTES.DE and VDIV.DE in my portfolio?

WTES.DE and VDIV.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTES.DE or VDIV.DE?

Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTES.DE or VDIV.DE?

WTES.DE and VDIV.DE have the same expense ratio: 0.38% per year.

What is the main difference between WTES.DE and VDIV.DE?

WTES.DE is categorized as Dividend, while VDIV.DE is Global Equities. WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: WisdomTree and VanEck.