WDSC.L vs. SMH.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - WDSC.L is a Global Equities fund tracking the MSCI World Small Cap Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, WDSC.L returned 6.70%/yr vs 31.81%/yr for SMH.L. Their 0.67 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.35%/yr for SMH.L.
Performance
WDSC.L vs. SMH.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 lower than SMH.L's 59.30% 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%
SMH.L
- 1D
- -1.69%
- 1M
- -15.53%
- 6M
- 36.96%
- YTD
- 59.30%
- 1Y
- 104.72%
- 3Y*
- 48.96%
- 5Y*
- 31.81%
- 10Y*
- —
- ALL TIME*
- 32.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $37.20M | $42.02M | $56.61M | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc) | 11.81% | 20.00% | 7.53% | 16.42% | -18.49% | 14.70% | 8.09% |
SMH.L VanEck Semiconductor UCITS ETF | 59.30% | 49.20% | 24.11% | 75.94% | -35.54% | 42.75% | 4.36% |
Correlation
The correlation between WDSC.L and SMH.L is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.67 |
The correlation between WDSC.L and SMH.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
WDSC.L vs. SMH.L — Risk / Return Rank
WDSC.L
SMH.L
WDSC.L vs. SMH.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 VanEck Semiconductor UCITS ETF (SMH.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 | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 5.08 | -2.64 |
| Martin ratioReturn relative to average drawdown | 8.74 | 19.79 | -11.05 |
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Drawdowns
WDSC.L vs. SMH.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for WDSC.L and SMH.L.
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Drawdown Indicators
| WDSC.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -45.38% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -20.49% | +11.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -36.25% | +15.92% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -45.38% | +14.88% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -20.49% | +16.76% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -11.15% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 5.27% | -2.65% |
Volatility
WDSC.L vs. SMH.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) is 4.20%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.96%. This indicates that WDSC.L experiences smaller price fluctuations and is considered to be less risky than SMH.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 | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 16.96% | -12.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 31.88% | -19.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 37.85% | -22.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 33.75% | -15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 33.07% | -14.54% |
WDSC.L vs. SMH.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than SMH.L's 0.35% expense ratio.
Dividends
WDSC.L vs. SMH.L - Dividend Comparison
Neither WDSC.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and SMH.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMH.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMH.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WDSC.L.
WDSC.L is categorized as Global Equities, while SMH.L is Semiconductors. WDSC.L tracks MSCI World Small Cap Index, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.45% for WDSC.L and 0.35% for SMH.L.
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