BHMG.L vs. WLDS.L
BHMG.L (BH Macro Limited) is a stock, while WLDS.L (iShares MSCI World Small Cap UCITS ETF) is Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Over the past 5 years, BHMG.L returned 5.30%/yr vs 8.23%/yr for WLDS.L. At a 0.07 correlation, their price movements are largely independent.
Performance
BHMG.L vs. WLDS.L - Performance Comparison
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Different Trading Currencies
BHMG.L is traded in GBp, while WLDS.L is traded in GBP. To make them comparable, the WLDS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHMG.L achieves a 9.02% return, which is significantly lower than WLDS.L's 14.58% return.
BHMG.L
- 1D
- 0.58%
- 1M
- 2.11%
- YTD
- 9.02%
- 6M
- 8.48%
- 1Y
- 9.30%
- 3Y*
- 2.75%
- 5Y*
- 5.30%
- 10Y*
- 8.44%
WLDS.L
- 1D
- 0.69%
- 1M
- 2.74%
- YTD
- 14.58%
- 6M
- 14.35%
- 1Y
- 33.64%
- 3Y*
- 15.03%
- 5Y*
- 8.23%
- 10Y*
- —
BHMG.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 9.02% | -1.72% | 10.63% | -18.26% | 20.05% | 6.25% | 34.87% | 10.36% | 18.61% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 14.58% | 11.86% | 8.58% | 11.22% | -8.89% | 16.71% | 12.54% | 20.41% | -4.07% |
Correlation
The correlation between BHMG.L and WLDS.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.07 |
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Return for Risk
BHMG.L vs. WLDS.L — Risk / Return Rank
BHMG.L
WLDS.L
BHMG.L vs. WLDS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.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.
| BHMG.L | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.48 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 4.32 | -3.14 |
| Martin ratioReturn relative to average drawdown | 3.38 | 16.35 | -12.97 |
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
| BHMG.L | WLDS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.67 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.53 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Drawdowns
BHMG.L vs. WLDS.L - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -35.94%, which is greater than WLDS.L's maximum drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for BHMG.L and WLDS.L.
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Drawdown Indicators
| BHMG.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.94% | -33.26% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -7.78% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -21.55% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -35.94% | -21.55% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | — | — |
Current DrawdownCurrent decline from peak | -15.04% | 0.00% | -15.04% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -6.36% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.06% | +0.56% |
Volatility
BHMG.L vs. WLDS.L - Volatility Comparison
BH Macro Limited (BHMG.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.L) have volatilities of 3.57% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHMG.L | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.41% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 9.29% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 12.58% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 15.53% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 17.29% | -0.68% |
Dividends
BHMG.L vs. WLDS.L - Dividend Comparison
Neither BHMG.L nor WLDS.L has paid dividends to shareholders.
Frequently Asked Questions
BHMG.L and WLDS.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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