XDN0.L vs. WDEP.L
XDN0.L (Xtrackers MSCI Nordic UCITS ETF 1D) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - XDN0.L tracks the MSCI Nordic Countries NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, XDN0.L returned 14.86% vs -0.69% for WDEP.L. At a 0.34 correlation, their price movements are largely independent. XDN0.L charges 0.30%/yr vs 0.45%/yr for WDEP.L.
Performance
XDN0.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XDN0.L achieves a 8.04% return, which is significantly higher than WDEP.L's 1.13% return.
XDN0.L
- 1D
- 0.61%
- 1M
- 3.13%
- YTD
- 8.04%
- 6M
- 11.88%
- 1Y
- 14.86%
- 3Y*
- 8.57%
- 5Y*
- 5.77%
- 10Y*
- 9.93%
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDN0.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XDN0.L Xtrackers MSCI Nordic UCITS ETF 1D | 8.04% | 7.42% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between XDN0.L and WDEP.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.34 |
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Return for Risk
XDN0.L vs. WDEP.L — Risk / Return Rank
XDN0.L
WDEP.L
XDN0.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L). 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.
| XDN0.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.04 | +1.63 |
| Martin ratioReturn relative to average drawdown | 4.52 | -0.08 | +4.60 |
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
| XDN0.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | -0.02 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.59 | +0.05 |
Drawdowns
XDN0.L vs. WDEP.L - Drawdown Comparison
The maximum XDN0.L drawdown since its inception was -24.85%, which is greater than WDEP.L's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for XDN0.L and WDEP.L.
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Drawdown Indicators
| XDN0.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.85% | -19.56% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -19.56% | +10.21% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -14.70% | +13.85% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -6.15% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 8.32% | -5.02% |
Volatility
XDN0.L vs. WDEP.L - Volatility Comparison
The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) is 4.07%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that XDN0.L experiences smaller price fluctuations and is considered to be less risky than WDEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDN0.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 10.28% | -6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 22.06% | -10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 28.59% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 30.09% | -12.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 30.09% | -11.84% |
XDN0.L vs. WDEP.L - Expense Ratio Comparison
XDN0.L has a 0.30% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
XDN0.L vs. WDEP.L - Dividend Comparison
XDN0.L's dividend yield for the trailing twelve months is around 2.49%, while WDEP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDN0.L Xtrackers MSCI Nordic UCITS ETF 1D | 2.49% | 2.80% | 2.83% | 2.51% | 4.53% | 1.09% | 4.82% | 4.18% | 1.05% | 2.34% | 1.52% |
Frequently Asked Questions
XDN0.L and WDEP.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDN0.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDN0.L is cheaper with a 0.30% expense ratio, compared with 0.45% for WDEP.L.
XDN0.L tracks MSCI Nordic Countries NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.30% for XDN0.L and 0.45% for WDEP.L.
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