INPP.L vs. WLDS.L
INPP.L (International Public Partnership) is a stock, while WLDS.L (iShares MSCI World Small Cap UCITS ETF) is Small Cap Blend Equities fund tracking the MSCI World Small Cap Index. Over the past 5 years, INPP.L returned 2.99%/yr vs 8.17%/yr for WLDS.L. At a 0.27 correlation, their price movements are largely independent.
Performance
INPP.L vs. WLDS.L - Performance Comparison
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Different Trading Currencies
INPP.L is traded in GBp, while WLDS.L is traded in GBP. To make them comparable, the WLDS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, INPP.L achieves a 16.88% return, which is significantly higher than WLDS.L's 14.52% return.
INPP.L
- 1D
- 0.28%
- 1M
- 0.85%
- 6M
- 13.09%
- YTD
- 16.88%
- 1Y
- 22.38%
- 3Y*
- 8.57%
- 5Y*
- 2.99%
- 10Y*
- 4.47%
- ALL TIME*
- 7.30%
WLDS.L
- 1D
- 0.91%
- 1M
- -2.15%
- 6M
- 8.87%
- YTD
- 14.52%
- 1Y
- 25.49%
- 3Y*
- 13.69%
- 5Y*
- 8.17%
- 10Y*
- —
- ALL TIME*
- 5.30%
INPP.L vs. WLDS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INPP.L International Public Partnership | 16.88% | 10.96% | -5.78% | -3.94% | -6.43% | 4.41% | 6.91% | 13.86% | 14.97% |
WLDS.L iShares MSCI World Small Cap UCITS ETF | 14.52% | 11.75% | 8.63% | 11.26% | -8.89% | 16.71% | 12.54% | 20.41% | -31.05% |
Correlation
The correlation between INPP.L and WLDS.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.27 |
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Return for Risk
INPP.L vs. WLDS.L — Risk / Return Rank
INPP.L
WLDS.L
INPP.L vs. WLDS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Public Partnership (INPP.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.
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.
| INPP.L | WLDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.23 | -0.30 |
| Martin ratioReturn relative to average drawdown | 8.87 | 11.58 | -2.71 |
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Drawdowns
INPP.L vs. WLDS.L - Drawdown Comparison
The maximum INPP.L drawdown since its inception was -27.01%, smaller than the maximum WLDS.L drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for INPP.L and WLDS.L.
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Drawdown Indicators
| INPP.L | WLDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.01% | -43.18% | +16.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -7.86% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -21.53% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.01% | -21.53% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -27.01% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -3.01% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -12.14% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.20% | +0.32% |
Volatility
INPP.L vs. WLDS.L - Volatility Comparison
The current volatility for International Public Partnership (INPP.L) is 2.96%, while iShares MSCI World Small Cap UCITS ETF (WLDS.L) has a volatility of 4.34%. This indicates that INPP.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.
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Volatility by Period
| INPP.L | WLDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 4.34% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 10.16% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 13.12% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 20.31% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 22.36% | -5.44% |
Dividends
INPP.L vs. WLDS.L - Dividend Comparison
INPP.L's dividend yield for the trailing twelve months is around 6.06%, while WLDS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INPP.L International Public Partnership | 6.06% | 6.77% | 6.81% | 5.77% | 5.04% | 4.40% | 4.28% | 4.26% | 4.52% | 4.31% | 4.29% | 4.61% |
WLDS.L iShares MSCI World Small Cap 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% |
Frequently Asked Questions
INPP.L and WLDS.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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