WDSC.L vs. MVOL.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds - WDSC.L tracks the MSCI World Small Cap Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, WDSC.L returned 9.63%/yr vs 6.99%/yr for MVOL.L. Their 0.70 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.35%/yr for MVOL.L.
Performance
WDSC.L vs. MVOL.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDSC.L achieves a 11.81% return, which is significantly higher than MVOL.L's 4.84% return. Over the past 10 years, WDSC.L has outperformed MVOL.L with an annualized return of 9.63%, while MVOL.L has yielded a comparatively lower 6.99% 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%
MVOL.L
- 1D
- 1.49%
- 1M
- 4.29%
- 6M
- 4.05%
- YTD
- 4.84%
- 1Y
- 6.43%
- 3Y*
- 9.67%
- 5Y*
- 5.36%
- 10Y*
- 6.99%
- ALL TIME*
- 8.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.44M | $3.15M | $4.81M | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 4.84% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
Correlation
The correlation between WDSC.L and MVOL.L is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2013 | 0.70 |
Over the past year, the correlation between WDSC.L and MVOL.L has dropped to 0.38 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
WDSC.L vs. MVOL.L — Risk / Return Rank
WDSC.L
MVOL.L
WDSC.L vs. MVOL.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 (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.11 | +1.33 |
| Martin ratioReturn relative to average drawdown | 8.74 | 2.40 | +6.34 |
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Drawdowns
WDSC.L vs. MVOL.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for WDSC.L and MVOL.L.
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Drawdown Indicators
| WDSC.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -28.82% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -5.78% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -8.15% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -18.52% | -11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | -28.82% | -12.37% |
Current DrawdownCurrent decline from peak | -3.73% | 0.00% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -3.30% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.67% | -0.05% |
Volatility
WDSC.L vs. MVOL.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 (MVOL.L) at 2.97%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.97% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 6.34% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 8.11% | +7.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 10.69% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 11.64% | +6.89% |
WDSC.L vs. MVOL.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than MVOL.L's 0.35% expense ratio.
Dividends
WDSC.L vs. MVOL.L - Dividend Comparison
Neither WDSC.L nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and MVOL.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVOL.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVOL.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 MVOL.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 MVOL.L.
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