SHEH vs. WLDR

Last updated Jul 30, 2026

SHEH (Shell plc ADRhedged ETF) and WLDR (Affinity World Leaders Equity ETF) are both exchange-traded funds - SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return, while WLDR is a Global Equities fund tracking the Thomson Reuters StarMine Affinity World Leaders Index. Both are passively managed. Over the past year, SHEH returned 23.86% vs 43.63% for WLDR. Their -0.07 correlation means they have often moved in opposite directions in the past. SHEH charges 0.19%/yr vs 0.67%/yr for WLDR.

Performance

SHEH vs. WLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Affinity World Leaders Equity ETF (WLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHEH achieves a 22.29% return, which is significantly lower than WLDR's 25.68% return.

SHEH

• 1D: 1.98%
• 1M: 13.74%
• 6M: 21.43%
• YTD: 22.29%
• 1Y: 23.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 28.80%

WLDR

• 1D: -1.62%
• 1M: -4.82%
• 6M: 18.25%
• YTD: 25.68%
• 1Y: 43.63%
• 3Y*: 28.47%
• 5Y*: 17.71%
• 10Y*: —
• ALL TIME*: 12.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SHEH Shell plc ADRhedged ETF	$470.58K	$486.89K	$265.20K
WLDR Affinity World Leaders Equity ETF	$1.08M	$961.59K	$652.95K

SHEH vs. WLDR - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	22.29%	12.63%
WLDR Affinity World Leaders Equity ETF	25.68%	39.98%

Correlation

The correlation between SHEH and WLDR is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.07

SHEH vs. WLDR - Sectors Allocation Comparison

Sectors	SHEH	WLDR
Energy	96.5%	3.7%
Basic Materials	-	2.6%
Communication Services	-	9.1%
Consumer Cyclical	-	7.2%
Consumer Defensive	-	6.7%
Financial Services	-	13.0%
Healthcare	-	8.2%
Industrials	-	7.8%
Real Estate	-	1.6%
Technology	-	37.8%
Utilities	-	2.5%

Return for Risk

SHEH vs. WLDR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SHEH

SHEH Risk / Return Rank: 45
SHEH Sharpe Ratio Rank: 49
SHEH Sortino Ratio Rank: 48
SHEH Omega Ratio Rank: 47
SHEH Calmar Ratio Rank: 41
SHEH Martin Ratio Rank: 38

WLDR

WLDR Risk / Return Rank: 93
WLDR Sharpe Ratio Rank: 94
WLDR Sortino Ratio Rank: 93
WLDR Omega Ratio Rank: 90
WLDR Calmar Ratio Rank: 94
WLDR Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SHEH vs. WLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Affinity World Leaders Equity ETF (WLDR). 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.

	SHEH	WLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.53	-1.38
Sortino ratio: Return per unit of downside risk	1.64	3.42	-1.78
Omega ratio: Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio: Return relative to maximum drawdown	1.37	4.95	-3.58
Martin ratio: Return relative to average drawdown	3.73	17.28	-13.54

SHEH vs. WLDR - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 1.15, which is lower than the WLDR Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of SHEH and WLDR, 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

SHEH vs. WLDR - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, smaller than the maximum WLDR drawdown of -44.69%. Use the drawdown chart below to compare losses from any high point for SHEH and WLDR.

Drawdown Indicators

	SHEH	WLDR	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-44.69%	+27.16%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-8.86%	-8.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.77%	—
Current Drawdown Current decline from peak	-5.72%	-5.43%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.14%	-8.53%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	2.53%	+3.88%

Volatility

SHEH vs. WLDR - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 6.94% compared to Affinity World Leaders Equity ETF (WLDR) at 6.44%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than WLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	WLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	6.44%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	14.62%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	17.36%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.54%	17.55%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	21.03%	-0.49%

SHEH vs. WLDR - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than WLDR's 0.67% expense ratio.

Dividends

SHEH vs. WLDR - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 1.90%, less than WLDR's 7.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SHEH Shell plc ADRhedged ETF	1.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WLDR Affinity World Leaders Equity ETF	7.40%	9.01%	13.99%	2.28%	2.10%	7.55%	1.80%	2.48%	2.82%

Frequently Asked Questions

Can I hold both SHEH and WLDR in my portfolio?

SHEH and WLDR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or WLDR?

SHEH has higher volatility (6.94%) compared to WLDR (6.44%). In terms of maximum drawdown, SHEH dropped -17.53% vs WLDR's -44.69%.

Which ETF is better, SHEH or WLDR?

On 1-year performance, WLDR leads with 43.63% vs 23.86% for SHEH. On fees, SHEH is cheaper at 0.19% per year. On volatility, WLDR has been the lower-risk option at 6.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or WLDR?

Over the 1-year period, WLDR has performed better with a 43.63% return vs 23.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or WLDR?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.67% for WLDR.

Which ETF pays a higher dividend yield, SHEH or WLDR?

WLDR has the higher dividend yield at 7.40%, compared with 1.90% for SHEH.

What is the main difference between SHEH and WLDR?

SHEH is categorized as Energy Equities, while WLDR is Global Equities. SHEH tracks Shell plc - Benchmark Price Return, while WLDR tracks Thomson Reuters StarMine Affinity World Leaders Index. They also come from different issuers: ADRhedged and Regents Park Funds. Their fees differ too: 0.19% for SHEH and 0.67% for WLDR.

Which has better risk-adjusted returns?

WLDR currently has the higher Sharpe Ratio (2.53 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.