BRIP.L vs. WMAT.L
Compare and contrast key facts about Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) and SPDR MSCI World Materials UCITS ETF (WMAT.L).
BRIP.L and WMAT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BRIP.L is a passively managed fund by Global X that tracks the performance of the Mirae Asset European Infrastructure Development Index. It was launched on Sep 3, 2024. WMAT.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Materials NR USD. It was launched on Apr 29, 2016. Both BRIP.L and WMAT.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BRIP.L vs. WMAT.L - Performance Comparison
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BRIP.L vs. WMAT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BRIP.L Global X European Infrastructure Development UCITS ETF EUR Accumulating | 5.03% | 33.47% | -3.56% |
WMAT.L SPDR MSCI World Materials UCITS ETF | 9.25% | 17.36% | -1.74% |
Different Trading Currencies
BRIP.L is traded in GBP, while WMAT.L is traded in USD. To make them comparable, the WMAT.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BRIP.L achieves a 5.03% return, which is significantly lower than WMAT.L's 9.25% return.
BRIP.L
- 1D
- 1.60%
- 1M
- -7.18%
- YTD
- 5.03%
- 6M
- 6.78%
- 1Y
- 22.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WMAT.L
- 1D
- 0.59%
- 1M
- -8.68%
- YTD
- 9.25%
- 6M
- 16.01%
- 1Y
- 27.85%
- 3Y*
- 8.87%
- 5Y*
- 8.39%
- 10Y*
- —
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BRIP.L vs. WMAT.L - Expense Ratio Comparison
BRIP.L has a 0.47% expense ratio, which is higher than WMAT.L's 0.30% expense ratio.
Return for Risk
BRIP.L vs. WMAT.L — Risk / Return Rank
BRIP.L
WMAT.L
BRIP.L vs. WMAT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) and SPDR MSCI World Materials UCITS ETF (WMAT.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.
| BRIP.L | WMAT.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.55 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.06 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.81 | +0.28 |
Martin ratioReturn relative to average drawdown | 6.85 | 7.78 | -0.93 |
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
| BRIP.L | WMAT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.55 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.65 | +0.79 |
Correlation
The correlation between BRIP.L and WMAT.L is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BRIP.L vs. WMAT.L - Dividend Comparison
Neither BRIP.L nor WMAT.L has paid dividends to shareholders.
Drawdowns
BRIP.L vs. WMAT.L - Drawdown Comparison
The maximum BRIP.L drawdown since its inception was -10.38%, smaller than the maximum WMAT.L drawdown of -28.93%. Use the drawdown chart below to compare losses from any high point for BRIP.L and WMAT.L.
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Drawdown Indicators
| BRIP.L | WMAT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.38% | -38.35% | +27.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -15.51% | +5.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.08% | — |
Current DrawdownCurrent decline from peak | -7.18% | -10.45% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -7.24% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.77% | -0.61% |
Volatility
BRIP.L vs. WMAT.L - Volatility Comparison
The current volatility for Global X European Infrastructure Development UCITS ETF EUR Accumulating (BRIP.L) is 7.48%, while SPDR MSCI World Materials UCITS ETF (WMAT.L) has a volatility of 9.45%. This indicates that BRIP.L experiences smaller price fluctuations and is considered to be less risky than WMAT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIP.L | WMAT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 9.45% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.08% | 14.21% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 17.90% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 16.83% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 17.95% | -3.28% |