CLOA.DE vs. WOSC.L

Last updated Jun 5, 2026

CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and WOSC.L (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while WOSC.L is a Global Equities fund tracking the MSCI ACWI SMID NR USD. Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 30.06% for WOSC.L. At a correlation of -0.02, they often move in opposite directions. CLOA.DE charges 0.25%/yr vs 0.45%/yr for WOSC.L.

Performance

CLOA.DE vs. WOSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and SPDR MSCI World Small Cap UCITS ETF (WOSC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CLOA.DE is traded in EUR, while WOSC.L is traded in GBP. To make them comparable, the WOSC.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than WOSC.L's 15.27% return.

CLOA.DE

• 1D: 0.11%
• 1M: 0.39%
• YTD: 1.37%
• 6M: 1.66%
• 1Y: 3.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WOSC.L

• 1D: 0.52%
• 1M: 3.96%
• YTD: 15.27%
• 6M: 15.83%
• 1Y: 30.06%
• 3Y*: 14.71%
• 5Y*: 7.88%
• 10Y*: 9.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLOA.DE vs. WOSC.L - Yearly Performance Comparison

	2026 (YTD)	2025
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc	1.37%	2.88%
WOSC.L SPDR MSCI World Small Cap UCITS ETF	15.27%	3.65%

Correlation

The correlation between CLOA.DE and WOSC.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	-0.02

Return for Risk

CLOA.DE vs. WOSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLOA.DE

CLOA.DE Risk / Return Rank: 91
CLOA.DE Sharpe Ratio Rank: 83
CLOA.DE Sortino Ratio Rank: 90
CLOA.DE Omega Ratio Rank: 89
CLOA.DE Calmar Ratio Rank: 97
CLOA.DE Martin Ratio Rank: 96

WOSC.L

WOSC.L Risk / Return Rank: 82
WOSC.L Sharpe Ratio Rank: 82
WOSC.L Sortino Ratio Rank: 83
WOSC.L Omega Ratio Rank: 80
WOSC.L Calmar Ratio Rank: 82
WOSC.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLOA.DE vs. WOSC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and SPDR MSCI World Small Cap UCITS ETF (WOSC.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.

	CLOA.DE	WOSC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.68	2.23	+0.45
Sortino ratio: Return per unit of downside risk	4.08	3.19	+0.89
Omega ratio: Gain probability vs. loss probability	1.55	1.40	+0.15
Calmar ratio: Return relative to maximum drawdown	11.09	4.29	+6.80
Martin ratio: Return relative to average drawdown	35.06	15.70	+19.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLOA.DE vs. WOSC.L - Sharpe Ratio Comparison

The current CLOA.DE Sharpe Ratio is 2.68, which is comparable to the WOSC.L Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of CLOA.DE and WOSC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLOA.DE	WOSC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.23	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.31	0.50	+1.81

Drawdowns

CLOA.DE vs. WOSC.L - Drawdown Comparison

The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum WOSC.L drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and WOSC.L.

Drawdown Indicators

	CLOA.DE	WOSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.49%	-41.85%	+41.36%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-6.98%	+6.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.85%	—
Current Drawdown Current decline from peak	-0.02%	0.00%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.09%	-6.34%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	1.91%	-1.81%

Volatility

CLOA.DE vs. WOSC.L - Volatility Comparison

The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while SPDR MSCI World Small Cap UCITS ETF (WOSC.L) has a volatility of 3.32%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than WOSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLOA.DE	WOSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	3.32%	-2.89%
Volatility (6M) Calculated over the trailing 6-month period	0.95%	9.49%	-8.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.30%	13.44%	-12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.42%	16.55%	-15.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.42%	21.62%	-20.20%

CLOA.DE vs. WOSC.L - Expense Ratio Comparison

CLOA.DE has a 0.25% expense ratio, which is lower than WOSC.L's 0.45% expense ratio.

Dividends

CLOA.DE vs. WOSC.L - Dividend Comparison

Neither CLOA.DE nor WOSC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLOA.DE and WOSC.L in my portfolio?

CLOA.DE and WOSC.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOA.DE or WOSC.L?

On fees, CLOA.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOA.DE or WOSC.L?

CLOA.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for WOSC.L.

What is the main difference between CLOA.DE and WOSC.L?

CLOA.DE is categorized as CLO, while WOSC.L is Global Equities. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while WOSC.L tracks MSCI ACWI SMID NR USD. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.25% for CLOA.DE and 0.45% for WOSC.L.