XUEK.L vs. WDEP.L
XUEK.L (Xtrackers S&P Europe ex UK UCITS ETF) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - XUEK.L tracks the MSCI Europe Ex UK NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, XUEK.L returned 15.69% vs -0.69% for WDEP.L. At a 0.36 correlation, their price movements are largely independent. XUEK.L charges 0.09%/yr vs 0.45%/yr for WDEP.L.
Performance
XUEK.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XUEK.L achieves a 5.66% return, which is significantly higher than WDEP.L's 1.13% return.
XUEK.L
- 1D
- 0.80%
- 1M
- 3.49%
- YTD
- 5.66%
- 6M
- 7.69%
- 1Y
- 15.69%
- 3Y*
- 11.05%
- 5Y*
- 6.75%
- 10Y*
- —
WDEP.L
- 1D
- 1.35%
- 1M
- -3.38%
- YTD
- 1.13%
- 6M
- 4.34%
- 1Y
- -0.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XUEK.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XUEK.L Xtrackers S&P Europe ex UK UCITS ETF | 5.66% | 12.81% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between XUEK.L and WDEP.L 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 13, 2025 | 0.36 |
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Return for Risk
XUEK.L vs. WDEP.L — Risk / Return Rank
XUEK.L
WDEP.L
XUEK.L vs. WDEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.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.
| XUEK.L | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.02 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.04 | +1.47 |
| Martin ratioReturn relative to average drawdown | 4.99 | -0.08 | +5.07 |
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
| XUEK.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | -0.02 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.59 | -0.05 |
Drawdowns
XUEK.L vs. WDEP.L - Drawdown Comparison
The maximum XUEK.L drawdown since its inception was -27.36%, 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 XUEK.L and WDEP.L.
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Drawdown Indicators
| XUEK.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -19.56% | -7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.88% | -19.56% | +8.68% |
Max Drawdown (3Y)Largest decline over 3 years | -13.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.76% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -14.70% | +13.69% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -6.15% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 8.32% | -5.18% |
Volatility
XUEK.L vs. WDEP.L - Volatility Comparison
The current volatility for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.L) is 3.83%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that XUEK.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
| XUEK.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 10.28% | -6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 22.06% | -11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 28.59% | -15.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 30.09% | -15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 30.09% | -13.72% |
XUEK.L vs. WDEP.L - Expense Ratio Comparison
XUEK.L has a 0.09% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
XUEK.L vs. WDEP.L - Dividend Comparison
XUEK.L's dividend yield for the trailing twelve months is around 0.02%, while WDEP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEK.L Xtrackers S&P Europe ex UK UCITS ETF | 0.02% | 0.02% | 0.03% | 0.03% | 0.05% | 0.01% | 0.03% |
Frequently Asked Questions
XUEK.L and WDEP.L 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, XUEK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUEK.L is cheaper with a 0.09% expense ratio, compared with 0.45% for WDEP.L.
XUEK.L tracks MSCI Europe Ex UK NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Xtrackers and WisdomTree. Their fees differ too: 0.09% for XUEK.L and 0.45% for WDEP.L.
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