WDSC.L vs. ACWI.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and ACWI.L (SPDR MSCI ACWI UCITS ETF) are both Global Equities funds from State Street - WDSC.L tracks the MSCI World Small Cap Index while ACWI.L tracks the MSCI ACWI Index. Both are passively managed. Over the past 10 years, WDSC.L returned 9.63%/yr vs 12.07%/yr for ACWI.L. Their 0.66 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.40%/yr for ACWI.L.
Performance
WDSC.L vs. ACWI.L - Performance Comparison
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Different Trading Currencies
WDSC.L is traded in USD, while ACWI.L is traded in GBP. To make them comparable, the ACWI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDSC.L achieves a 11.81% return, which is significantly higher than ACWI.L's 9.42% return. Over the past 10 years, WDSC.L has underperformed ACWI.L with an annualized return of 9.63%, while ACWI.L has yielded a comparatively higher 12.07% annualized return.
WDSC.L
- 1D
- -0.99%
- 1M
- -2.65%
- 6M
- 4.90%
- YTD
- 11.81%
- 1Y
- 22.37%
- 3Y*
- 14.32%
- 5Y*
- 6.70%
- 10Y*
- 9.63%
- ALL TIME*
- 8.61%
ACWI.L
- 1D
- 0.39%
- 1M
- 0.22%
- 6M
- 5.37%
- YTD
- 9.42%
- 1Y
- 20.12%
- 3Y*
- 17.93%
- 5Y*
- 10.46%
- 10Y*
- 12.07%
- ALL TIME*
- 9.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ACWI.L SPDR MSCI ACWI UCITS ETF | $11.25M | $9.95M | $10.52M |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. ACWI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc) | 11.81% | 20.00% | 7.53% | 16.42% | -18.49% | 14.70% | 16.17% | 26.07% | -14.61% | 21.92% |
ACWI.L SPDR MSCI ACWI UCITS ETF | 9.42% | 22.95% | 17.67% | 21.68% | -18.36% | 19.08% | 15.36% | 27.53% | -9.91% | 23.52% |
Correlation
The correlation between WDSC.L and ACWI.L is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2013 | 0.66 |
The correlation between WDSC.L and ACWI.L shifts across timeframes, from 0.66 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WDSC.L vs. ACWI.L — Risk / Return Rank
WDSC.L
ACWI.L
WDSC.L vs. ACWI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) and SPDR MSCI ACWI UCITS ETF (ACWI.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.
| WDSC.L | ACWI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.20 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.74 | 9.01 | -0.28 |
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Drawdowns
WDSC.L vs. ACWI.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, which is greater than ACWI.L's maximum drawdown of -34.13%. Use the drawdown chart below to compare losses from any high point for WDSC.L and ACWI.L.
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Drawdown Indicators
| WDSC.L | ACWI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -34.13% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.09% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -19.12% | -1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -26.90% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -34.13% | -7.06% |
Current DrawdownCurrent decline from peak | -3.73% | -2.62% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -5.35% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.22% | +0.40% |
Volatility
WDSC.L vs. ACWI.L - Volatility Comparison
State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) has a higher volatility of 4.20% compared to SPDR MSCI ACWI UCITS ETF (ACWI.L) at 3.47%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than ACWI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDSC.L | ACWI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.47% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 10.00% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 12.49% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 20.57% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 19.09% | -0.56% |
WDSC.L vs. ACWI.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than ACWI.L's 0.40% expense ratio.
Dividends
WDSC.L vs. ACWI.L - Dividend Comparison
Neither WDSC.L nor ACWI.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and ACWI.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ACWI.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ACWI.L is cheaper with a 0.40% expense ratio, compared with 0.45% for WDSC.L.
WDSC.L tracks MSCI World Small Cap Index, while ACWI.L tracks MSCI ACWI Index. Their fees differ too: 0.45% for WDSC.L and 0.40% for ACWI.L.
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