WDSC.L vs. MINV.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) are both Global Equities funds - WDSC.L tracks the MSCI World Small Cap Index while MINV.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, WDSC.L returned 9.63%/yr vs 7.02%/yr for MINV.L. Their 0.60 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.35%/yr for MINV.L.
Performance
WDSC.L vs. MINV.L - Performance Comparison
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Different Trading Currencies
WDSC.L is traded in USD, while MINV.L is traded in GBp. To make them comparable, the MINV.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 MINV.L's 4.79% return. Over the past 10 years, WDSC.L has outperformed MINV.L with an annualized return of 9.63%, while MINV.L has yielded a comparatively lower 7.02% 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%
MINV.L
- 1D
- 1.49%
- 1M
- 4.37%
- 6M
- 3.44%
- YTD
- 4.79%
- 1Y
- 6.66%
- 3Y*
- 9.68%
- 5Y*
- 5.37%
- 10Y*
- 7.02%
- ALL TIME*
- 4.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.02M | $877.54K | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. MINV.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% |
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF | 4.79% | 11.17% | 10.98% | 6.85% | -9.59% | 14.93% | 1.99% | 23.61% | -2.67% | 17.19% |
Correlation
The correlation between WDSC.L and MINV.L is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2013 | 0.60 |
Over the past year, the correlation between WDSC.L and MINV.L has dropped to 0.27 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
WDSC.L vs. MINV.L — Risk / Return Rank
WDSC.L
MINV.L
WDSC.L vs. MINV.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 iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.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 | MINV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.09 | +1.34 |
| Martin ratioReturn relative to average drawdown | 8.74 | 2.44 | +6.30 |
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Drawdowns
WDSC.L vs. MINV.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, roughly equal to the maximum MINV.L drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for WDSC.L and MINV.L.
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Drawdown Indicators
| WDSC.L | MINV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -39.54% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -6.06% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -19.10% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -19.14% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -28.90% | -12.29% |
Current DrawdownCurrent decline from peak | -3.73% | -0.08% | -3.65% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -9.71% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.73% | -0.11% |
Volatility
WDSC.L vs. MINV.L - Volatility Comparison
State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) has a higher volatility of 4.20% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) at 2.44%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than MINV.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 | MINV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.44% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 6.18% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 8.06% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 17.60% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 15.51% | +3.02% |
WDSC.L vs. MINV.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than MINV.L's 0.35% expense ratio.
Dividends
WDSC.L vs. MINV.L - Dividend Comparison
Neither WDSC.L nor MINV.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and MINV.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MINV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MINV.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WDSC.L.
WDSC.L tracks MSCI World Small Cap Index, while MINV.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for WDSC.L and 0.35% for MINV.L.
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