EWSP.L vs. WLDS.L

Last updated Jun 5, 2026

EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - EWSP.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Both are passively managed. Over the past 3 years, EWSP.L returned 12.30%/yr vs 15.03%/yr for WLDS.L. Their correlation of 0.86 suggests significant overlap in exposure. EWSP.L charges 0.20%/yr vs 0.35%/yr for WLDS.L.

Performance

EWSP.L vs. WLDS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EWSP.L achieves a 9.60% return, which is significantly lower than WLDS.L's 14.58% return.

EWSP.L

• 1D: 0.41%
• 1M: 4.78%
• YTD: 9.60%
• 6M: 10.10%
• 1Y: 21.05%
• 3Y*: 12.30%
• 5Y*: —
• 10Y*: —

WLDS.L

• 1D: 0.69%
• 1M: 4.25%
• YTD: 14.58%
• 6M: 14.95%
• 1Y: 33.75%
• 3Y*: 15.03%
• 5Y*: 8.23%
• 10Y*: —

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

EWSP.L vs. WLDS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc)	9.60%	3.96%	14.13%	7.72%	-1.67%
WLDS.L iShares MSCI World Small Cap UCITS ETF	14.58%	11.86%	8.58%	11.22%	-3.61%

Correlation

The correlation between EWSP.L and WLDS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022	0.86

The correlation between EWSP.L and WLDS.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

EWSP.L vs. WLDS.L - Sectors Allocation Comparison

Sectors	EWSP.L	WLDS.L
Technology	19.8%	15.2%
Financial Services	14.3%	13.3%
Industrials	14.2%	20.5%
Healthcare	11.2%	9.5%
Consumer Cyclical	9.9%	10.6%
Consumer Defensive	6.5%	3.9%
Real Estate	6.3%	8.0%
Utilities	5.8%	2.8%
Energy	4.2%	5.0%
Communication Services	4.0%	3.0%
Basic Materials	3.9%	8.2%

Return for Risk

EWSP.L vs. WLDS.L — Risk / Return Rank

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

EWSP.L

EWSP.L Risk / Return Rank: 67
EWSP.L Sharpe Ratio Rank: 66
EWSP.L Sortino Ratio Rank: 65
EWSP.L Omega Ratio Rank: 65
EWSP.L Calmar Ratio Rank: 74
EWSP.L Martin Ratio Rank: 65

WLDS.L

WLDS.L Risk / Return Rank: 83
WLDS.L Sharpe Ratio Rank: 83
WLDS.L Sortino Ratio Rank: 84
WLDS.L Omega Ratio Rank: 80
WLDS.L Calmar Ratio Rank: 83
WLDS.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.

EWSP.L vs. WLDS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.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.

	EWSP.L	WLDS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.67	-0.52
Sortino ratio: Return per unit of downside risk	2.97	3.75	-0.78
Omega ratio: Gain probability vs. loss probability	1.39	1.48	-0.09
Calmar ratio: Return relative to maximum drawdown	3.69	4.32	-0.63
Martin ratio: Return relative to average drawdown	11.84	16.35	-4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EWSP.L vs. WLDS.L - Sharpe Ratio Comparison

The current EWSP.L Sharpe Ratio is 2.16, which is comparable to the WLDS.L Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of EWSP.L and WLDS.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

	EWSP.L	WLDS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.67	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.56	+0.10

Drawdowns

EWSP.L vs. WLDS.L - Drawdown Comparison

The maximum EWSP.L drawdown since its inception was -19.59%, smaller than the maximum WLDS.L drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for EWSP.L and WLDS.L.

Drawdown Indicators

	EWSP.L	WLDS.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.59%	-33.26%	+13.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.68%	-7.78%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.59%	-21.55%	+1.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.68%	-6.36%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.06%	-0.29%

Volatility

EWSP.L vs. WLDS.L - Volatility Comparison

The current volatility for iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) is 1.96%, while iShares MSCI World Small Cap UCITS ETF (WLDS.L) has a volatility of 3.41%. This indicates that EWSP.L experiences smaller price fluctuations and is considered to be less risky than WLDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EWSP.L	WLDS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	3.41%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	6.50%	9.29%	-2.79%
Volatility (1Y) Calculated over the trailing 1-year period	9.72%	12.58%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	15.53%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.22%	17.29%	-4.07%

EWSP.L vs. WLDS.L - Expense Ratio Comparison

EWSP.L has a 0.20% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.

Dividends

EWSP.L vs. WLDS.L - Dividend Comparison

Neither EWSP.L nor WLDS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EWSP.L and WLDS.L in my portfolio?

EWSP.L and WLDS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EWSP.L or WLDS.L?

On fees, EWSP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EWSP.L or WLDS.L?

EWSP.L is cheaper with a 0.20% expense ratio, compared with 0.35% for WLDS.L.

What is the main difference between EWSP.L and WLDS.L?

EWSP.L is categorized as S&P 500, while WLDS.L is Small Cap Blend Equities. EWSP.L tracks S&P 500 Equal Weight Index, while WLDS.L tracks MSCI World Small Cap Inde. Their fees differ too: 0.20% for EWSP.L and 0.35% for WLDS.L.