BNKS.L vs. WFIN.L
BNKS.L (iShares S&P U.S. Banks) and WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) are both Financials Equities funds - BNKS.L tracks the MSCI World/Financials NR USD while WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc. Both are passively managed. Over the past 5 years, BNKS.L returned 8.52%/yr vs 14.81%/yr for WFIN.L. Their correlation of 0.85 suggests significant overlap in exposure. BNKS.L charges 0.35%/yr vs 0.30%/yr for WFIN.L.
Performance
BNKS.L vs. WFIN.L - Performance Comparison
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Returns By Period
In the year-to-date period, BNKS.L achieves a 13.36% return, which is significantly higher than WFIN.L's 8.91% return.
BNKS.L
- 1D
- 0.81%
- 1M
- 4.92%
- 6M
- 13.65%
- YTD
- 13.36%
- 1Y
- 26.48%
- 3Y*
- 27.77%
- 5Y*
- 8.52%
- 10Y*
- —
WFIN.L
- 1D
- -0.27%
- 1M
- 5.66%
- 6M
- 9.60%
- YTD
- 8.91%
- 1Y
- 21.36%
- 3Y*
- 24.93%
- 5Y*
- 14.81%
- 10Y*
- 13.34%
BNKS.L vs. WFIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BNKS.L iShares S&P U.S. Banks | 13.36% | 20.47% | 27.74% | -3.09% | -18.79% | 39.71% | -11.77% | 33.02% | -23.57% |
WFIN.L State Street SPDR MSCI World Financials UCITS ETF USD Acc | 8.91% | 29.17% | 26.82% | 16.20% | -9.85% | 28.37% | -2.96% | 24.94% | -16.77% |
Correlation
The correlation between BNKS.L and WFIN.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | 0.85 |
The correlation between BNKS.L and WFIN.L has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
BNKS.L vs. WFIN.L — Risk / Return Rank
BNKS.L
WFIN.L
BNKS.L vs. WFIN.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 State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.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.
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.
| BNKS.L | WFIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.98 | -0.42 |
| Martin ratioReturn relative to average drawdown | 4.30 | 6.54 | -2.23 |
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Drawdowns
BNKS.L vs. WFIN.L - Drawdown Comparison
The maximum BNKS.L drawdown since its inception was -51.35%, smaller than the maximum WFIN.L drawdown of -72.88%. Use the drawdown chart below to compare losses from any high point for BNKS.L and WFIN.L.
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Drawdown Indicators
| BNKS.L | WFIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.35% | -72.88% | +21.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -11.06% | -5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -28.47% | -15.69% | -12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -50.15% | -27.48% | -22.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.40% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -17.10% | -18.23% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 3.36% | +2.78% |
Volatility
BNKS.L vs. WFIN.L - Volatility Comparison
iShares S&P U.S. Banks (BNKS.L) has a higher volatility of 5.62% compared to State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) at 3.95%. This indicates that BNKS.L's price experiences larger fluctuations and is considered to be riskier than WFIN.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 | WFIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 3.95% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.10% | 11.95% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 14.60% | +6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 17.85% | +9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.64% | 18.87% | +11.77% |
BNKS.L vs. WFIN.L - Expense Ratio Comparison
BNKS.L has a 0.35% expense ratio, which is higher than WFIN.L's 0.30% expense ratio.
Dividends
BNKS.L vs. WFIN.L - Dividend Comparison
Neither BNKS.L nor WFIN.L has paid dividends to shareholders.
Frequently Asked Questions
BNKS.L and WFIN.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WFIN.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WFIN.L is cheaper with a 0.30% expense ratio, compared with 0.35% for BNKS.L.
BNKS.L tracks MSCI World/Financials NR USD, while WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for BNKS.L and 0.30% for WFIN.L.
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