WDFE.L vs. WFIN.L

Last updated Jul 16, 2026

WDFE.L (Invesco S&P World Financials ESG UCITS ETF Acc) and WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) are both Financials Equities funds - WDFE.L tracks the S&P World ESG Enhanced Financials Index while WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, WDFE.L returned 24.22%/yr vs 24.93%/yr for WFIN.L. With a 0.97 correlation, they move nearly in lockstep. WDFE.L charges 0.18%/yr vs 0.30%/yr for WFIN.L.

Performance

WDFE.L vs. WFIN.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 State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WDFE.L having a 8.88% return and WFIN.L slightly higher at 8.91%.

WDFE.L

• 1D: 1.33%
• 1M: 5.62%
• 6M: 9.64%
• YTD: 8.88%
• 1Y: 21.13%
• 3Y*: 24.22%
• 5Y*: —
• 10Y*: —

WFIN.L

• 1D: -0.27%
• 1M: 5.66%
• 6M: 9.60%
• YTD: 8.91%
• 1Y: 21.36%
• 3Y*: 24.93%
• 5Y*: 14.81%
• 10Y*: 13.34%

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

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

	2026 (YTD)	2025	2024	2023
WDFE.L Invesco S&P World Financials ESG UCITS ETF Acc	8.88%	27.03%	25.78%	17.26%
WFIN.L State Street SPDR MSCI World Financials UCITS ETF USD Acc	8.91%	29.17%	26.82%	17.09%

Correlation

The correlation between WDFE.L and WFIN.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023	0.97

The correlation between WDFE.L and WFIN.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

WDFE.L vs. WFIN.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: 48
WDFE.L Sharpe Ratio Rank: 50
WDFE.L Sortino Ratio Rank: 52
WDFE.L Omega Ratio Rank: 46
WDFE.L Calmar Ratio Rank: 45
WDFE.L Martin Ratio Rank: 48

WFIN.L

WFIN.L Risk / Return Rank: 52
WFIN.L Sharpe Ratio Rank: 54
WFIN.L Sortino Ratio Rank: 58
WFIN.L Omega Ratio Rank: 50
WFIN.L Calmar Ratio Rank: 48
WFIN.L Martin Ratio Rank: 49

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. WFIN.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 State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.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.

	WDFE.L	WFIN.L	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.50	-0.08
Sortino ratio: Return per unit of downside risk	2.12	2.25	-0.13
Omega ratio: Gain probability vs. loss probability	1.25	1.26	-0.01
Calmar ratio: Return relative to maximum drawdown	1.92	1.98	-0.06
Martin ratio: Return relative to average drawdown	6.52	6.54	-0.02

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

The current WDFE.L Sharpe Ratio is 1.42, which is comparable to the WFIN.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of WDFE.L and WFIN.L, 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

WDFE.L vs. WFIN.L - Drawdown Comparison

The maximum WDFE.L drawdown since its inception was -16.10%, smaller than the maximum WFIN.L drawdown of -72.88%. Use the drawdown chart below to compare losses from any high point for WDFE.L and WFIN.L.

Drawdown Indicators

	WDFE.L	WFIN.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.10%	-72.88%	+56.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-11.06%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-16.10%	-15.69%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.40%	—
Current Drawdown Current decline from peak	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-2.11%	-18.23%	+16.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.36%	-0.33%

Volatility

WDFE.L vs. WFIN.L - Volatility Comparison

Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) and State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) have volatilities of 3.92% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDFE.L	WFIN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.95%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.20%	11.95%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	14.60%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	17.85%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	18.87%	-3.60%

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

WDFE.L has a 0.18% expense ratio, which is lower than WFIN.L's 0.30% expense ratio.

Dividends

WDFE.L vs. WFIN.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WDFE.L and WFIN.L in my portfolio?

With a correlation of 0.96, WDFE.L and WFIN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WDFE.L or WFIN.L?

On fees, WDFE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDFE.L or WFIN.L?

WDFE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for WFIN.L.

What is the main difference between WDFE.L and WFIN.L?

WDFE.L tracks S&P World ESG Enhanced Financials Index, while WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.18% for WDFE.L and 0.30% for WFIN.L.