FNCW.L vs. VUSA.L
Compare and contrast key facts about SPDR MSCI World Financials UCITS ETF (FNCW.L) and Vanguard S&P 500 UCITS ETF (VUSA.L).
FNCW.L and VUSA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNCW.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Apr 29, 2016. VUSA.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both FNCW.L and VUSA.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
FNCW.L vs. VUSA.L - Performance Comparison
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FNCW.L vs. VUSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNCW.L SPDR MSCI World Financials UCITS ETF | -4.66% | 20.39% | 28.76% | 9.92% | -0.09% |
VUSA.L Vanguard S&P 500 UCITS ETF | -3.13% | 9.39% | 27.33% | 19.81% | -7.76% |
Returns By Period
In the year-to-date period, FNCW.L achieves a -4.66% return, which is significantly lower than VUSA.L's -3.13% return.
FNCW.L
- 1D
- 1.81%
- 1M
- -2.16%
- YTD
- -4.66%
- 6M
- 0.80%
- 1Y
- 11.12%
- 3Y*
- 19.33%
- 5Y*
- —
- 10Y*
- —
VUSA.L
- 1D
- 1.52%
- 1M
- -3.31%
- YTD
- -3.13%
- 6M
- 0.16%
- 1Y
- 14.71%
- 3Y*
- 15.77%
- 5Y*
- 12.63%
- 10Y*
- 14.61%
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FNCW.L vs. VUSA.L - Expense Ratio Comparison
FNCW.L has a 0.30% expense ratio, which is higher than VUSA.L's 0.07% expense ratio.
Return for Risk
FNCW.L vs. VUSA.L — Risk / Return Rank
FNCW.L
VUSA.L
FNCW.L vs. VUSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Financials UCITS ETF (FNCW.L) and Vanguard S&P 500 UCITS ETF (VUSA.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.
| FNCW.L | VUSA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.96 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.40 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.06 | -0.90 |
Martin ratioReturn relative to average drawdown | 3.76 | 7.07 | -3.31 |
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 | VUSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.96 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.00 | -0.14 |
Correlation
The correlation between FNCW.L and VUSA.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNCW.L vs. VUSA.L - Dividend Comparison
FNCW.L has not paid dividends to shareholders, while VUSA.L's dividend yield for the trailing twelve months is around 0.99%.
| 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% |
VUSA.L Vanguard S&P 500 UCITS ETF | 0.99% | 0.95% | 1.00% | 1.24% | 1.41% | 1.04% | 1.44% | 1.50% | 1.72% | 1.61% | 1.58% | 1.73% |
Drawdowns
FNCW.L vs. VUSA.L - Drawdown Comparison
The maximum FNCW.L drawdown since its inception was -16.31%, smaller than the maximum VUSA.L drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for FNCW.L and VUSA.L.
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Drawdown Indicators
| FNCW.L | VUSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.31% | -25.47% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.05% | -10.49% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.47% | — |
Current DrawdownCurrent decline from peak | -6.14% | -4.76% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.22% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.07% | +0.88% |
Volatility
FNCW.L vs. VUSA.L - Volatility Comparison
SPDR MSCI World Financials UCITS ETF (FNCW.L) has a higher volatility of 5.14% compared to Vanguard S&P 500 UCITS ETF (VUSA.L) at 3.74%. This indicates that FNCW.L's price experiences larger fluctuations and is considered to be riskier than VUSA.L 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 | VUSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 3.74% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 8.25% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 15.31% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 14.37% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 15.67% | -0.55% |