SPLG.L vs. WRDA.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, SPLG.L returned 6.15% vs 22.06% for WRDA.L. At a 0.25 correlation, their price movements are largely independent.
Performance
SPLG.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than WRDA.L's 10.72% return.
SPLG.L
- 1D
- -0.07%
- 1M
- 1.73%
- 6M
- 5.03%
- YTD
- 6.03%
- 1Y
- 6.15%
- 3Y*
- 7.28%
- 5Y*
- 6.17%
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPLG.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 12.97% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between SPLG.L and WRDA.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.25 |
Over the past year, the correlation between SPLG.L and WRDA.L has dropped to 0.04 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
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Return for Risk
SPLG.L vs. WRDA.L — Risk / Return Rank
SPLG.L
WRDA.L
SPLG.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| SPLG.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.81 | +0.09 |
| Martin ratioReturn relative to average drawdown | 2.18 | 1.18 | +1.01 |
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Drawdowns
SPLG.L vs. WRDA.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, roughly equal to the maximum WRDA.L drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for SPLG.L and WRDA.L.
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Drawdown Indicators
| SPLG.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -27.39% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -27.39% | +19.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -15.98% | +13.10% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -8.18% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 18.75% | -15.54% |
Volatility
SPLG.L vs. WRDA.L - Volatility Comparison
Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) has a higher volatility of 3.50% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.72%. This indicates that SPLG.L's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLG.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.72% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.90% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 43.22% | -32.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 29.46% | -10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 29.46% | -6.97% |
Dividends
SPLG.L vs. WRDA.L - Dividend Comparison
Neither SPLG.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and WRDA.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLG.L tracks Invesco S&P 500 Low Volatility UCITS ETF Accumulation, while WRDA.L tracks MSCI World Index. They also come from different issuers: Invesco and UBS.
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