ROBO.AS vs. WSML
ROBO.AS (L&G ROBO Global Robotics and Automation UCITS ETF) and WSML (iShares MSCI World Small-Cap ETF) are both exchange-traded funds - ROBO.AS is a Robotics fund tracking the ROBO Global Robotics and Automation Index, while WSML is a Global Equities fund tracking the MSCI World Small Cap Index. Both are passively managed. Over the past year, ROBO.AS returned 28.96% vs 26.42% for WSML. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
ROBO.AS vs. WSML - Performance Comparison
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Different Trading Currencies
ROBO.AS is traded in EUR, while WSML is traded in USD. To make them comparable, the WSML values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROBO.AS achieves a 14.93% return, which is significantly lower than WSML's 16.44% return.
ROBO.AS
- 1D
- 0.00%
- 1M
- -9.34%
- 6M
- 8.00%
- YTD
- 14.93%
- 1Y
- 28.96%
- 3Y*
- 9.13%
- 5Y*
- 4.72%
- 10Y*
- —
- ALL TIME*
- 9.56%
WSML
- 1D
- -0.38%
- 1M
- -1.74%
- 6M
- 8.18%
- YTD
- 16.44%
- 1Y
- 26.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 30.68%
ROBO.AS vs. WSML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ROBO.AS L&G ROBO Global Robotics and Automation UCITS ETF | 14.93% | 25.38% |
WSML iShares MSCI World Small-Cap ETF | 16.44% | 21.45% |
Correlation
The correlation between ROBO.AS and WSML is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.55 |
The correlation between ROBO.AS and WSML has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
ROBO.AS vs. WSML — Risk / Return Rank
ROBO.AS
WSML
ROBO.AS vs. WSML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) and iShares MSCI World Small-Cap ETF (WSML). 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.
| ROBO.AS | WSML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.06 | -0.95 |
| Martin ratioReturn relative to average drawdown | 6.59 | 12.69 | -6.10 |
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Drawdowns
ROBO.AS vs. WSML - Drawdown Comparison
The maximum ROBO.AS drawdown since its inception was -36.38%, which is greater than WSML's maximum drawdown of -8.69%. Use the drawdown chart below to compare losses from any high point for ROBO.AS and WSML.
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Drawdown Indicators
| ROBO.AS | WSML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -8.69% | -27.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -8.69% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.38% | — | — |
Current DrawdownCurrent decline from peak | -12.36% | -3.12% | -9.24% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -1.35% | -10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 2.09% | +2.29% |
Volatility
ROBO.AS vs. WSML - Volatility Comparison
L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) has a higher volatility of 10.27% compared to iShares MSCI World Small-Cap ETF (WSML) at 3.41%. This indicates that ROBO.AS's price experiences larger fluctuations and is considered to be riskier than WSML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROBO.AS | WSML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 3.41% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 10.88% | +8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 14.33% | +10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 17.60% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 17.60% | +4.05% |
Dividends
ROBO.AS vs. WSML - Dividend Comparison
ROBO.AS has not paid dividends to shareholders, while WSML's dividend yield for the trailing twelve months is around 2.85%.
| Position | TTM | 2025 |
|---|---|---|
ROBO.AS L&G ROBO Global Robotics and Automation UCITS ETF | 0.00% | 0.00% |
WSML iShares MSCI World Small-Cap ETF | 2.85% | 2.53% |
Frequently Asked Questions
ROBO.AS and WSML have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROBO.AS is categorized as Robotics, while WSML is Global Equities. ROBO.AS tracks ROBO Global Robotics and Automation Index, while WSML tracks MSCI World Small Cap Index. They also come from different issuers: Legal & General and iShares.
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