WTES.DE vs. WTEU.DE

Last updated Jul 16, 2026

WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and WTEU.DE (WisdomTree US Equity Income UCITS ETF) are both Dividend funds from WisdomTree - WTES.DE tracks the WisdomTree Europe SmallCap Dividend UCITS Index Euro while WTEU.DE tracks the WisdomTree US Equity Income UCITS Index. Both are passively managed. Over the past 10 years, WTES.DE returned 7.78%/yr vs 7.94%/yr for WTEU.DE. At a 0.48 correlation, their price movements are largely independent. WTES.DE charges 0.38%/yr vs 0.29%/yr for WTEU.DE.

Performance

WTES.DE vs. WTEU.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 WisdomTree US Equity Income UCITS ETF (WTEU.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 WTEU.DE's 14.83% return. Both investments have delivered pretty close results over the past 10 years, with WTES.DE having a 7.78% annualized return and WTEU.DE not far ahead at 7.94%.

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%

WTEU.DE

• 1D: -0.60%
• 1M: 3.45%
• 6M: 11.01%
• YTD: 14.83%
• 1Y: 24.32%
• 3Y*: 15.10%
• 5Y*: 11.50%
• 10Y*: 7.94%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF	7.78%	17.37%	5.33%	10.89%	-15.66%	27.92%	-4.86%	31.22%	-18.52%	16.96%
WTEU.DE WisdomTree US Equity Income UCITS ETF	14.83%	-0.26%	22.63%	-3.52%	13.33%	34.75%	-14.99%	23.58%	-4.25%	-2.38%

Correlation

The correlation between WTES.DE and WTEU.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.48

The correlation between WTES.DE and WTEU.DE shifts across timeframes, from 0.36 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WTES.DE vs. WTEU.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

WTEU.DE

WTEU.DE Risk / Return Rank: 87
WTEU.DE Sharpe Ratio Rank: 88
WTEU.DE Sortino Ratio Rank: 89
WTEU.DE Omega Ratio Rank: 83
WTEU.DE Calmar Ratio Rank: 90
WTEU.DE Martin Ratio Rank: 86

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. WTEU.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 US Equity Income UCITS ETF (WTEU.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	WTEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.31	-1.34
Sortino ratio: Return per unit of downside risk	1.42	3.34	-1.92
Omega ratio: Gain probability vs. loss probability	1.18	1.39	-0.21
Calmar ratio: Return relative to maximum drawdown	1.44	4.32	-2.88
Martin ratio: Return relative to average drawdown	4.54	14.20	-9.66

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

The current WTES.DE Sharpe Ratio is 0.97, which is lower than the WTEU.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of WTES.DE and WTEU.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. WTEU.DE - Drawdown Comparison

The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than WTEU.DE's maximum drawdown of -36.46%. Use the drawdown chart below to compare losses from any high point for WTES.DE and WTEU.DE.

Drawdown Indicators

	WTES.DE	WTEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.21%	-36.46%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-5.97%	-2.37%
Max Drawdown (3Y) Largest decline over 3 years	-13.40%	-20.72%	+7.32%
Max Drawdown (5Y) Largest decline over 5 years	-26.53%	-20.72%	-5.81%
Max Drawdown (10Y) Largest decline over 10 years	-44.21%	-36.46%	-7.75%
Current Drawdown Current decline from peak	-0.84%	-0.79%	-0.05%
Average Drawdown Average peak-to-trough decline	-7.48%	-7.96%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.82%	+0.84%

Volatility

WTES.DE vs. WTEU.DE - Volatility Comparison

The current volatility for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) is 2.81%, while WisdomTree US Equity Income UCITS ETF (WTEU.DE) has a volatility of 3.07%. This indicates that WTES.DE experiences smaller price fluctuations and is considered to be less risky than WTEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTES.DE	WTEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	3.07%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	8.36%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.41%	11.27%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	14.54%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	17.52%	-1.38%

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

WTES.DE has a 0.38% expense ratio, which is higher than WTEU.DE's 0.29% expense ratio.

Dividends

WTES.DE vs. WTEU.DE - Dividend Comparison

WTES.DE's dividend yield for the trailing twelve months is around 3.82%, more than WTEU.DE's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WTEU.DE WisdomTree US Equity Income UCITS ETF	2.58%	2.96%	2.85%	3.48%	2.97%	2.78%	3.82%	2.20%	3.11%	2.77%	2.66%	2.47%

Frequently Asked Questions

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

WTES.DE and WTEU.DE have a correlation of 0.36, 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 WTEU.DE?

On fees, WTEU.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WTEU.DE is cheaper with a 0.29% expense ratio, compared with 0.38% for WTES.DE.

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

WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while WTEU.DE tracks WisdomTree US Equity Income UCITS Index. Their fees differ too: 0.38% for WTES.DE and 0.29% for WTEU.DE.