GXLF.L vs. WFIN.L

Last updated Jul 16, 2026

GXLF.L (SPDR S&P US Financials Select Sector UCITS ETF) and WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) are both Financials Equities funds from State Street - GXLF.L tracks the MSCI World/Financials NR USD while WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc. Both are passively managed. Over the past 10 years, GXLF.L returned 9.90%/yr vs 13.14%/yr for WFIN.L. A 0.68 correlation means they provide meaningful diversification when combined. GXLF.L charges 0.15%/yr vs 0.30%/yr for WFIN.L.

Performance

GXLF.L vs. WFIN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GXLF.L is traded in GBP, while WFIN.L is traded in USD. To make them comparable, the WFIN.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GXLF.L achieves a 3.49% return, which is significantly lower than WFIN.L's 8.76% return. Over the past 10 years, GXLF.L has underperformed WFIN.L with an annualized return of 9.90%, while WFIN.L has yielded a comparatively higher 13.14% annualized return.

GXLF.L

• 1D: 0.00%
• 1M: 5.52%
• 6M: 5.78%
• YTD: 3.49%
• 1Y: 10.02%
• 3Y*: 18.80%
• 5Y*: 4.60%
• 10Y*: 9.90%

WFIN.L

• 1D: 0.00%
• 1M: 5.02%
• 6M: 9.23%
• YTD: 8.76%
• 1Y: 20.40%
• 3Y*: 23.63%
• 5Y*: 15.27%
• 10Y*: 13.14%

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

GXLF.L vs. WFIN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXLF.L SPDR S&P US Financials Select Sector UCITS ETF	3.49%	7.31%	32.20%	6.05%	-26.15%	34.39%	-2.17%	31.42%	-13.35%	21.63%
WFIN.L State Street SPDR MSCI World Financials UCITS ETF USD Acc	8.76%	19.97%	29.04%	10.39%	0.87%	29.59%	-5.81%	20.19%	-12.43%	12.77%

Correlation

The correlation between GXLF.L and WFIN.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 (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015	0.68

The correlation between GXLF.L and WFIN.L shifts across timeframes, from 0.67 (10 years) to 0.84 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GXLF.L vs. WFIN.L — Risk / Return Rank

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

GXLF.L

GXLF.L Risk / Return Rank: 22
GXLF.L Sharpe Ratio Rank: 23
GXLF.L Sortino Ratio Rank: 22
GXLF.L Omega Ratio Rank: 22
GXLF.L Calmar Ratio Rank: 21
GXLF.L Martin Ratio Rank: 20

WFIN.L

WFIN.L Risk / Return Rank: 52
WFIN.L Sharpe Ratio Rank: 54
WFIN.L Sortino Ratio Rank: 58
WFIN.L Omega Ratio Rank: 50
WFIN.L Calmar Ratio Rank: 48
WFIN.L Martin Ratio Rank: 49

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.

GXLF.L vs. WFIN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.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.

	GXLF.L	WFIN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.70	1.49	-0.79
Sortino ratio: Return per unit of downside risk	1.06	2.14	-1.08
Omega ratio: Gain probability vs. loss probability	1.13	1.26	-0.13
Calmar ratio: Return relative to maximum drawdown	0.79	2.15	-1.36
Martin ratio: Return relative to average drawdown	1.82	6.83	-5.01

GXLF.L vs. WFIN.L - Sharpe Ratio Comparison

The current GXLF.L Sharpe Ratio is 0.70, which is lower than the WFIN.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of GXLF.L and WFIN.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

GXLF.L vs. WFIN.L - Drawdown Comparison

The maximum GXLF.L drawdown since its inception was -42.92%, smaller than the maximum WFIN.L drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for GXLF.L and WFIN.L.

Drawdown Indicators

	GXLF.L	WFIN.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.92%	-61.54%	+18.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-9.90%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-18.21%	-16.14%	-2.07%
Max Drawdown (5Y) Largest decline over 5 years	-39.50%	-16.17%	-23.33%
Max Drawdown (10Y) Largest decline over 10 years	-42.92%	-35.39%	-7.53%
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-11.77%	-10.55%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	3.12%	+2.41%

Volatility

GXLF.L vs. WFIN.L - Volatility Comparison

SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) have volatilities of 3.64% and 3.67%, 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

	GXLF.L	WFIN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.67%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	11.66%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	14.30%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	16.58%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.93%	18.14%	+4.79%

GXLF.L vs. WFIN.L - Expense Ratio Comparison

GXLF.L has a 0.15% expense ratio, which is lower than WFIN.L's 0.30% expense ratio.

Dividends

GXLF.L vs. WFIN.L - Dividend Comparison

Neither GXLF.L nor WFIN.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXLF.L and WFIN.L in my portfolio?

GXLF.L and WFIN.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, GXLF.L or WFIN.L?

On fees, GXLF.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLF.L or WFIN.L?

GXLF.L is cheaper with a 0.15% expense ratio, compared with 0.30% for WFIN.L.

What is the main difference between GXLF.L and WFIN.L?

GXLF.L tracks MSCI World/Financials NR USD, while WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc. Their fees differ too: 0.15% for GXLF.L and 0.30% for WFIN.L.