WDSC.L vs. SPYL.L

Last updated Jul 29, 2026

WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and SPYL.L (State Street SPDR S&P 500 UCITS ETF (Acc)) are both exchange-traded funds - WDSC.L is a Global Equities fund tracking the MSCI World Small Cap Index, while SPYL.L is a S&P 500 fund tracking the S&P 500. Both are passively managed. Over the past year, WDSC.L returned 22.37% vs 17.51% for SPYL.L. Their 0.77 correlation means they have sometimes moved together and sometimes differently. WDSC.L charges 0.45%/yr vs 0.03%/yr for SPYL.L.

Performance

WDSC.L vs. SPYL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) and State Street SPDR S&P 500 UCITS ETF (Acc) (SPYL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDSC.L achieves a 11.81% return, which is significantly higher than SPYL.L's 8.50% 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%

SPYL.L

• 1D: 0.55%
• 1M: 0.88%
• 6M: 6.98%
• YTD: 8.50%
• 1Y: 17.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPYL.L State Street SPDR S&P 500 UCITS ETF (Acc)	$16.46M	$18.12M	$19.72M
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc)	$949.95K	$851.82K	$604.30K

WDSC.L vs. SPYL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WDSC.L State Street SPDR MSCI World Small Cap UCITS ETF (Acc)	11.81%	20.00%	7.53%	21.44%
SPYL.L State Street SPDR S&P 500 UCITS ETF (Acc)	8.50%	17.38%	25.35%	14.40%

Correlation

The correlation between WDSC.L and SPYL.L is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.77

The correlation between WDSC.L and SPYL.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

Return for Risk

WDSC.L vs. SPYL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDSC.L

WDSC.L Risk / Return Rank: 66
WDSC.L Sharpe Ratio Rank: 63
WDSC.L Sortino Ratio Rank: 68
WDSC.L Omega Ratio Rank: 59
WDSC.L Calmar Ratio Rank: 69
WDSC.L Martin Ratio Rank: 71

SPYL.L

SPYL.L Risk / Return Rank: 64
SPYL.L Sharpe Ratio Rank: 62
SPYL.L Sortino Ratio Rank: 67
SPYL.L Omega Ratio Rank: 60
SPYL.L Calmar Ratio Rank: 61
SPYL.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WDSC.L vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF (Acc) (SPYL.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	SPYL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.45	+0.02
Sortino ratio: Return per unit of downside risk	2.21	2.18	+0.04
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	2.44	2.14	+0.30
Martin ratio: Return relative to average drawdown	8.74	8.50	+0.24

WDSC.L vs. SPYL.L - Sharpe Ratio Comparison

The current WDSC.L Sharpe Ratio is 1.46, which is comparable to the SPYL.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of WDSC.L and SPYL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WDSC.L vs. SPYL.L - Drawdown Comparison

The maximum WDSC.L drawdown since its inception was -41.19%, which is greater than SPYL.L's maximum drawdown of -20.80%. Use the drawdown chart below to compare losses from any high point for WDSC.L and SPYL.L.

Drawdown Indicators

	WDSC.L	SPYL.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.19%	-20.80%	-20.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-8.14%	-1.25%
Max Drawdown (3Y) Largest decline over 3 years	-20.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.19%	—	—
Current Drawdown Current decline from peak	-3.73%	-2.18%	-1.55%
Average Drawdown Average peak-to-trough decline	-7.09%	-1.79%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.05%	+0.57%

Volatility

WDSC.L vs. SPYL.L - Volatility Comparison

State Street SPDR MSCI World Small Cap UCITS ETF (Acc) (WDSC.L) has a higher volatility of 4.20% compared to State Street SPDR S&P 500 UCITS ETF (Acc) (SPYL.L) at 3.23%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than SPYL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDSC.L	SPYL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	3.23%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	12.34%	9.36%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	12.06%	+3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	24.44%	-5.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	24.44%	-5.91%

WDSC.L vs. SPYL.L - Expense Ratio Comparison

WDSC.L has a 0.45% expense ratio, which is higher than SPYL.L's 0.03% expense ratio.

Dividends

WDSC.L vs. SPYL.L - Dividend Comparison

Neither WDSC.L nor SPYL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WDSC.L and SPYL.L in my portfolio?

WDSC.L and SPYL.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDSC.L or SPYL.L?

On fees, SPYL.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDSC.L or SPYL.L?

SPYL.L is cheaper with a 0.03% expense ratio, compared with 0.45% for WDSC.L.

What is the main difference between WDSC.L and SPYL.L?

WDSC.L is categorized as Global Equities, while SPYL.L is S&P 500. WDSC.L tracks MSCI World Small Cap Index, while SPYL.L tracks S&P 500. Their fees differ too: 0.45% for WDSC.L and 0.03% for SPYL.L.