CSTP.L vs. WCOS.L

Last updated Jul 16, 2026

CSTP.L (State Street SPDR MSCI Europe Consumer Staples UCITS ETF) and WCOS.L (SPDR MSCI World Consumer Staples UCITS ETF) are both Consumer Staples Equities funds from State Street - CSTP.L tracks the MSCI Europe Consumer Staples 35/20 Capped Index while WCOS.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, CSTP.L returned 3.40%/yr vs 5.23%/yr for WCOS.L. A 0.73 correlation means they provide meaningful diversification when combined. CSTP.L charges 0.18%/yr vs 0.30%/yr for WCOS.L.

Performance

CSTP.L vs. WCOS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSTP.L is traded in EUR, while WCOS.L is traded in USD. To make them comparable, the WCOS.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSTP.L achieves a 5.36% return, which is significantly lower than WCOS.L's 9.31% return. Over the past 10 years, CSTP.L has underperformed WCOS.L with an annualized return of 3.40%, while WCOS.L has yielded a comparatively higher 5.23% annualized return.

CSTP.L

• 1D: -0.25%
• 1M: 2.98%
• 6M: 4.61%
• YTD: 5.36%
• 1Y: 8.01%
• 3Y*: 2.42%
• 5Y*: 1.70%
• 10Y*: 3.40%

WCOS.L

• 1D: -0.32%
• 1M: 0.61%
• 6M: 4.69%
• YTD: 9.31%
• 1Y: 8.65%
• 3Y*: 5.51%
• 5Y*: 5.20%
• 10Y*: 5.23%

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

CSTP.L vs. WCOS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSTP.L State Street SPDR MSCI Europe Consumer Staples UCITS ETF	5.36%	7.15%	-2.37%	0.68%	-7.88%	20.24%	-3.25%	24.69%	-8.97%	9.14%
WCOS.L SPDR MSCI World Consumer Staples UCITS ETF	9.31%	-4.36%	12.93%	-1.12%	0.62%	21.25%	-1.28%	25.22%	-5.97%	2.92%

Correlation

The correlation between CSTP.L and WCOS.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	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.73

The correlation between CSTP.L and WCOS.L has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

Return for Risk

CSTP.L vs. WCOS.L — Risk / Return Rank

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

CSTP.L

CSTP.L Risk / Return Rank: 19
CSTP.L Sharpe Ratio Rank: 20
CSTP.L Sortino Ratio Rank: 20
CSTP.L Omega Ratio Rank: 19
CSTP.L Calmar Ratio Rank: 18
CSTP.L Martin Ratio Rank: 17

WCOS.L

WCOS.L Risk / Return Rank: 19
WCOS.L Sharpe Ratio Rank: 20
WCOS.L Sortino Ratio Rank: 19
WCOS.L Omega Ratio Rank: 18
WCOS.L Calmar Ratio Rank: 20
WCOS.L Martin Ratio Rank: 18

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.

CSTP.L vs. WCOS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and SPDR MSCI World Consumer Staples UCITS ETF (WCOS.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.

	CSTP.L	WCOS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.64	-0.06
Sortino ratio: Return per unit of downside risk	0.94	1.00	-0.07
Omega ratio: Gain probability vs. loss probability	1.11	1.12	0.00
Calmar ratio: Return relative to maximum drawdown	0.63	0.98	-0.35
Martin ratio: Return relative to average drawdown	1.35	2.09	-0.73

CSTP.L vs. WCOS.L - Sharpe Ratio Comparison

The current CSTP.L Sharpe Ratio is 0.57, which is comparable to the WCOS.L Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of CSTP.L and WCOS.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.

Drawdowns

CSTP.L vs. WCOS.L - Drawdown Comparison

The maximum CSTP.L drawdown since its inception was -25.28%, which is greater than WCOS.L's maximum drawdown of -22.94%. Use the drawdown chart below to compare losses from any high point for CSTP.L and WCOS.L.

Drawdown Indicators

	CSTP.L	WCOS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-22.94%	-2.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-8.80%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-12.58%	-12.03%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-14.78%	-12.36%	-2.42%
Max Drawdown (10Y) Largest decline over 10 years	-25.28%	-22.94%	-2.34%
Current Drawdown Current decline from peak	-4.79%	-3.64%	-1.15%
Average Drawdown Average peak-to-trough decline	-6.23%	-4.07%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	4.14%	+1.75%

Volatility

CSTP.L vs. WCOS.L - Volatility Comparison

State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and SPDR MSCI World Consumer Staples UCITS ETF (WCOS.L) have volatilities of 5.16% and 4.97%, 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.

Volatility by Period

	CSTP.L	WCOS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	4.97%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	11.18%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	13.48%	+0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.66%	12.21%	+0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.27%	13.00%	+0.27%

CSTP.L vs. WCOS.L - Expense Ratio Comparison

CSTP.L has a 0.18% expense ratio, which is lower than WCOS.L's 0.30% expense ratio.

Dividends

CSTP.L vs. WCOS.L - Dividend Comparison

Neither CSTP.L nor WCOS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSTP.L and WCOS.L in my portfolio?

CSTP.L and WCOS.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.

Which ETF is better, CSTP.L or WCOS.L?

On fees, CSTP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSTP.L or WCOS.L?

CSTP.L is cheaper with a 0.18% expense ratio, compared with 0.30% for WCOS.L.

What is the main difference between CSTP.L and WCOS.L?

CSTP.L tracks MSCI Europe Consumer Staples 35/20 Capped Index, while WCOS.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.18% for CSTP.L and 0.30% for WCOS.L.