WDFE.L vs. BNKS.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) and iShares S&P U.S. Banks (BNKS.L).

WDFE.L and BNKS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WDFE.L is a passively managed fund by Invesco that tracks the performance of the S&P World ESG Enhanced Financials Index. It was launched on Apr 12, 2023. BNKS.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on May 22, 2018. Both WDFE.L and BNKS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WDFE.L vs. BNKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) and iShares S&P U.S. Banks (BNKS.L). The values are adjusted to include any dividend payments, if applicable.

WDFE.L vs. BNKS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WDFE.L Invesco S&P World Financials ESG UCITS ETF Acc	-4.97%	27.03%	25.78%	15.69%
BNKS.L iShares S&P U.S. Banks	-2.97%	20.45%	28.55%	20.33%

Returns By Period

In the year-to-date period, WDFE.L achieves a -4.97% return, which is significantly lower than BNKS.L's -2.97% return.

WDFE.L

• 1D: 2.82%
• 1M: -2.38%
• YTD: -4.97%
• 6M: 0.94%
• 1Y: 13.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BNKS.L

• 1D: 3.24%
• 1M: -1.45%
• YTD: -2.97%
• 6M: 4.50%
• 1Y: 23.60%
• 3Y*: 22.08%
• 5Y*: 5.16%
• 10Y*: —

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

WDFE.L vs. BNKS.L - Expense Ratio Comparison

WDFE.L has a 0.18% expense ratio, which is lower than BNKS.L's 0.35% expense ratio.

BNKS.L

iShares S&P U.S. Banks

WDFE.L

Invesco S&P World Financials ESG UCITS ETF Acc

Return for Risk

WDFE.L vs. BNKS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDFE.L

WDFE.L Risk / Return Rank: 36
WDFE.L Sharpe Ratio Rank: 36
WDFE.L Sortino Ratio Rank: 35
WDFE.L Omega Ratio Rank: 36
WDFE.L Calmar Ratio Rank: 38
WDFE.L Martin Ratio Rank: 37

BNKS.L

BNKS.L Risk / Return Rank: 46
BNKS.L Sharpe Ratio Rank: 48
BNKS.L Sortino Ratio Rank: 46
BNKS.L Omega Ratio Rank: 46
BNKS.L Calmar Ratio Rank: 49
BNKS.L Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WDFE.L vs. BNKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) and iShares S&P U.S. Banks (BNKS.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.

	WDFE.L	BNKS.L	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.92	-0.18
Sortino ratio Return per unit of downside risk	1.09	1.32	-0.23
Omega ratio Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio Return relative to maximum drawdown	1.16	1.35	-0.19
Martin ratio Return relative to average drawdown	4.10	4.23	-0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDFE.L vs. BNKS.L - Sharpe Ratio Comparison

The current WDFE.L Sharpe Ratio is 0.74, which is comparable to the BNKS.L Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of WDFE.L and BNKS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WDFE.L	BNKS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.92	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	0.17	+1.19

Correlation

The correlation between WDFE.L and BNKS.L is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WDFE.L vs. BNKS.L - Dividend Comparison

Neither WDFE.L nor BNKS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

WDFE.L vs. BNKS.L - Drawdown Comparison

The maximum WDFE.L drawdown since its inception was -16.10%, smaller than the maximum BNKS.L drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for WDFE.L and BNKS.L.

Drawdown Indicators

	WDFE.L	BNKS.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.10%	-51.35%	+35.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	-17.07%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-50.15%	—
Current Drawdown Current decline from peak	-6.54%	-11.58%	+5.04%
Average Drawdown Average peak-to-trough decline	-2.16%	-17.98%	+15.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	5.39%	-2.26%

Volatility

WDFE.L vs. BNKS.L - Volatility Comparison

The current volatility for Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) is 6.05%, while iShares S&P U.S. Banks (BNKS.L) has a volatility of 7.60%. This indicates that WDFE.L experiences smaller price fluctuations and is considered to be less risky than BNKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDFE.L	BNKS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	7.60%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	10.26%	15.44%	-5.18%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	25.55%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.37%	27.75%	-12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	31.71%	-16.34%