BNKS.L vs. WDFE.L
BNKS.L (iShares S&P U.S. Banks) and WDFE.L (Invesco S&P World Financials ESG UCITS ETF Acc) are both Financials Equities funds - BNKS.L tracks the MSCI World/Financials NR USD while WDFE.L tracks the S&P World ESG Enhanced Financials Index. Both are passively managed. Over the past 3 years, BNKS.L returned 26.30%/yr vs 23.42%/yr for WDFE.L. A 0.70 correlation means they provide meaningful diversification when combined. BNKS.L charges 0.35%/yr vs 0.18%/yr for WDFE.L.
Performance
BNKS.L vs. WDFE.L - Performance Comparison
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Returns By Period
In the year-to-date period, BNKS.L achieves a 3.61% return, which is significantly higher than WDFE.L's 0.50% return.
BNKS.L
- 1D
- 3.49%
- 1M
- 0.99%
- YTD
- 3.61%
- 6M
- 7.51%
- 1Y
- 27.90%
- 3Y*
- 26.30%
- 5Y*
- 4.76%
- 10Y*
- —
WDFE.L
- 1D
- 1.84%
- 1M
- 1.65%
- YTD
- 0.50%
- 6M
- 5.55%
- 1Y
- 12.27%
- 3Y*
- 23.42%
- 5Y*
- —
- 10Y*
- —
BNKS.L vs. WDFE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKS.L iShares S&P U.S. Banks | 3.61% | 20.45% | 28.55% | 20.33% |
WDFE.L Invesco S&P World Financials ESG UCITS ETF Acc | 0.50% | 27.03% | 25.78% | 15.69% |
Correlation
The correlation between BNKS.L and WDFE.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.70 |
The correlation between BNKS.L and WDFE.L has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
BNKS.L vs. WDFE.L — Risk / Return Rank
BNKS.L
WDFE.L
BNKS.L vs. WDFE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P U.S. Banks (BNKS.L) and Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.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.
| BNKS.L | WDFE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.19 | +0.45 |
| Martin ratioReturn relative to average drawdown | 4.55 | 4.02 | +0.53 |
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
| BNKS.L | WDFE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.88 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.42 | -1.22 |
Drawdowns
BNKS.L vs. WDFE.L - Drawdown Comparison
The maximum BNKS.L drawdown since its inception was -51.35%, which is greater than WDFE.L's maximum drawdown of -16.10%. Use the drawdown chart below to compare losses from any high point for BNKS.L and WDFE.L.
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Drawdown Indicators
| BNKS.L | WDFE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.35% | -16.10% | -35.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -10.26% | -6.62% |
Max Drawdown (3Y)Largest decline over 3 years | -28.47% | -16.10% | -12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -50.15% | — | — |
Current DrawdownCurrent decline from peak | -5.58% | -1.16% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -17.75% | -2.17% | -15.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.12% | 3.04% | +3.08% |
Volatility
BNKS.L vs. WDFE.L - Volatility Comparison
iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 6.48% compared to Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) at 3.75%. This indicates that BNKS.L's price experiences larger fluctuations and is considered to be riskier than WDFE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKS.L | WDFE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.48% | 3.75% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 10.83% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.82% | 13.84% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.66% | 15.35% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 15.35% | +16.16% |
BNKS.L vs. WDFE.L - Expense Ratio Comparison
BNKS.L has a 0.35% expense ratio, which is higher than WDFE.L's 0.18% expense ratio.
Dividends
BNKS.L vs. WDFE.L - Dividend Comparison
Neither BNKS.L nor WDFE.L has paid dividends to shareholders.
Frequently Asked Questions
BNKS.L and WDFE.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDFE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDFE.L is cheaper with a 0.18% expense ratio, compared with 0.35% for BNKS.L.
BNKS.L tracks MSCI World/Financials NR USD, while WDFE.L tracks S&P World ESG Enhanced Financials Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for BNKS.L and 0.18% for WDFE.L.
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