WDSC.L vs. FGBL.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - WDSC.L is a Global Equities fund tracking the MSCI World Small Cap Index, while FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 10 years, WDSC.L returned 9.63%/yr vs 9.60%/yr for FGBL.L. Their 0.72 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.60%/yr for FGBL.L.
Performance
WDSC.L vs. FGBL.L - Performance Comparison
Loading charts...
Different Trading Currencies
WDSC.L is traded in USD, while FGBL.L is traded in GBp. To make them comparable, the FGBL.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 lower than FGBL.L's 16.50% return. Both investments have delivered pretty close results over the past 10 years, with WDSC.L having a 9.63% annualized return and FGBL.L not far behind at 9.60%.
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%
FGBL.L
- 1D
- 0.99%
- 1M
- 6.45%
- 6M
- 9.84%
- YTD
- 16.50%
- 1Y
- 31.39%
- 3Y*
- 20.88%
- 5Y*
- 12.98%
- 10Y*
- 9.60%
- ALL TIME*
- 4.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $453.82K | $288.86K | $134.87K | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. FGBL.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% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 16.50% | 40.36% | 4.45% | 17.02% | -7.46% | 9.79% | -6.04% | 15.46% | -11.25% | 22.54% |
Correlation
The correlation between WDSC.L and FGBL.L is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.72 |
The correlation between WDSC.L and FGBL.L shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDSC.L vs. FGBL.L — Risk / Return Rank
WDSC.L
FGBL.L
WDSC.L vs. FGBL.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 First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.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 | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 4.14 | -1.70 |
| Martin ratioReturn relative to average drawdown | 8.74 | 14.54 | -5.80 |
Loading charts...
Drawdowns
WDSC.L vs. FGBL.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, smaller than the maximum FGBL.L drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for WDSC.L and FGBL.L.
Loading charts...
Drawdown Indicators
| WDSC.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -45.40% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -7.55% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -13.56% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -26.59% | -3.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -39.54% | -1.65% |
Current DrawdownCurrent decline from peak | -3.73% | 0.00% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -16.21% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.15% | +0.47% |
Volatility
WDSC.L vs. FGBL.L - Volatility Comparison
State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) has a higher volatility of 4.20% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.78%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than FGBL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WDSC.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.78% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 8.73% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 11.21% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 14.67% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 15.65% | +2.88% |
WDSC.L vs. FGBL.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
WDSC.L vs. FGBL.L - Dividend Comparison
Neither WDSC.L nor FGBL.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and FGBL.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDSC.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDSC.L is cheaper with a 0.45% expense ratio, compared with 0.60% for FGBL.L.
WDSC.L is categorized as Global Equities, while FGBL.L is Dividend. WDSC.L tracks MSCI World Small Cap Index, while FGBL.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.45% for WDSC.L and 0.60% for FGBL.L.
Find the right allocation for WDSC.L and FGBL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer