VWCE.DE vs. WSML.L
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index while WSML.L tracks the MSCI World Small Cap Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 7.98%/yr for WSML.L. Their correlation of 0.81 suggests significant overlap in exposure. VWCE.DE charges 0.19%/yr vs 0.35%/yr for WSML.L.
Performance
VWCE.DE vs. WSML.L - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while WSML.L is traded in USD. To make them comparable, the WSML.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly lower than WSML.L's 16.75% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
WSML.L
- 1D
- 2.94%
- 1M
- 3.36%
- YTD
- 16.75%
- 6M
- 16.68%
- 1Y
- 31.95%
- 3Y*
- 14.13%
- 5Y*
- 7.98%
- 10Y*
- —
VWCE.DE vs. WSML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
WSML.L iShares MSCI World Small Cap UCITS ETF USD (Acc) | 16.75% | 5.71% | 14.46% | 13.60% | -13.57% | 23.85% | 6.89% | 6.56% |
Correlation
The correlation between VWCE.DE and WSML.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.81 |
The correlation between VWCE.DE and WSML.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. WSML.L — Risk / Return Rank
VWCE.DE
WSML.L
VWCE.DE vs. WSML.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.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.
| VWCE.DE | WSML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 4.47 | -0.56 |
| Martin ratioReturn relative to average drawdown | 16.07 | 16.53 | -0.46 |
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Drawdowns
VWCE.DE vs. WSML.L - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum WSML.L drawdown of -40.19%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and WSML.L.
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Drawdown Indicators
| VWCE.DE | WSML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -40.19% | +6.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.06% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -23.31% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -23.31% | +2.24% |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -6.99% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.91% | -0.31% |
Volatility
VWCE.DE vs. WSML.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) has a volatility of 4.46%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than WSML.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCE.DE | WSML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.46% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 11.19% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 14.80% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 17.51% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.89% | -2.73% |
VWCE.DE vs. WSML.L - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than WSML.L's 0.35% expense ratio.
Dividends
VWCE.DE vs. WSML.L - Dividend Comparison
Neither VWCE.DE nor WSML.L has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and WSML.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.35% for WSML.L.
VWCE.DE tracks FTSE All-World Index, while WSML.L tracks MSCI World Small Cap Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.35% for WSML.L.
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