FNCW.L vs. V
FNCW.L (SPDR MSCI World Financials UCITS ETF) is Financials Equities fund tracking the MSCI World/Financials NR USD, while V (Visa Inc.) is a stock. Over the past 3 years, FNCW.L returned 20.93%/yr vs 10.20%/yr for V. At a 0.38 correlation, their price movements are largely independent.
Performance
FNCW.L vs. V - Performance Comparison
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Different Trading Currencies
FNCW.L is traded in GBP, while V is traded in USD. To make them comparable, the V values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FNCW.L achieves a 0.43% return, which is significantly higher than V's -7.96% return.
FNCW.L
- 1D
- 1.91%
- 1M
- 2.90%
- YTD
- 0.43%
- 6M
- 3.68%
- 1Y
- 15.52%
- 3Y*
- 20.93%
- 5Y*
- —
- 10Y*
- —
V
- 1D
- 2.49%
- 1M
- 0.55%
- YTD
- -7.96%
- 6M
- -2.39%
- 1Y
- -11.46%
- 3Y*
- 10.20%
- 5Y*
- 8.79%
- 10Y*
- 16.47%
FNCW.L vs. V - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNCW.L SPDR MSCI World Financials UCITS ETF | 0.43% | 20.39% | 28.76% | 9.92% | -0.09% |
V Visa Inc. | -7.96% | 3.80% | 24.46% | 19.99% | -0.50% |
Correlation
The correlation between FNCW.L and V is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.38 |
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Return for Risk
FNCW.L vs. V — Risk / Return Rank
FNCW.L
V
FNCW.L vs. V - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Financials UCITS ETF (FNCW.L) and Visa Inc. (V). 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.
| FNCW.L | V | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.93 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.62 | +2.23 |
| Martin ratioReturn relative to average drawdown | 5.15 | -1.12 | +6.27 |
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
| FNCW.L | V | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | -0.50 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.79 | +0.13 |
Drawdowns
FNCW.L vs. V - Drawdown Comparison
The maximum FNCW.L drawdown since its inception was -16.31%, smaller than the maximum V drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for FNCW.L and V.
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Drawdown Indicators
| FNCW.L | V | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.31% | -35.88% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -18.64% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -22.15% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -1.13% | -16.48% | +15.35% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -6.93% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 10.28% | -7.28% |
Volatility
FNCW.L vs. V - Volatility Comparison
The current volatility for SPDR MSCI World Financials UCITS ETF (FNCW.L) is 3.46%, while Visa Inc. (V) has a volatility of 6.05%. This indicates that FNCW.L experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNCW.L | V | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 6.05% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 17.99% | -8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 22.85% | -10.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 22.34% | -7.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 24.56% | -9.54% |
Dividends
FNCW.L vs. V - Dividend Comparison
FNCW.L has not paid dividends to shareholders, while V's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNCW.L SPDR MSCI World Financials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
V Visa Inc. | 0.81% | 0.70% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% |
Frequently Asked Questions
FNCW.L and V have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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