WDSC.L vs. SWLD.L
WDSC.L (State Street SPDR MSCI World Small Cap UCITS ETF (Acc)) and SWLD.L (State Street SPDR MSCI World UCITS ETF) are both Global Equities funds from State Street - WDSC.L tracks the MSCI World Small Cap Index while SWLD.L tracks the MSCI World Index. Both are passively managed. Over the past 5 years, WDSC.L returned 6.70%/yr vs 11.03%/yr for SWLD.L. Their correlation of 0.82 means they have usually moved in the same direction. WDSC.L charges 0.45%/yr vs 0.12%/yr for SWLD.L.
Performance
WDSC.L vs. SWLD.L - Performance Comparison
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Different Trading Currencies
WDSC.L is traded in USD, while SWLD.L is traded in GBP. To make them comparable, the SWLD.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 SWLD.L's 8.75% 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%
SWLD.L
- 1D
- 0.60%
- 1M
- 1.21%
- 6M
- 5.56%
- YTD
- 8.75%
- 1Y
- 18.73%
- 3Y*
- 17.98%
- 5Y*
- 11.03%
- 10Y*
- —
- ALL TIME*
- 9.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.26M | $2.62M | $2.96M | |
| $949.95K | $851.82K | $604.30K |
WDSC.L vs. SWLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 9.40% |
SWLD.L State Street SPDR MSCI World UCITS ETF | 8.75% | 21.35% | 19.19% | 23.90% | -17.89% | 22.54% | 15.43% | -13.15% |
Correlation
The correlation between WDSC.L and SWLD.L is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.82 |
The correlation between WDSC.L and SWLD.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
WDSC.L vs. SWLD.L — Risk / Return Rank
WDSC.L
SWLD.L
WDSC.L vs. SWLD.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 MSCI World UCITS ETF (SWLD.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 | SWLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.18 | +0.26 |
| Martin ratioReturn relative to average drawdown | 8.74 | 9.19 | -0.45 |
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Drawdowns
WDSC.L vs. SWLD.L - Drawdown Comparison
The maximum WDSC.L drawdown since its inception was -41.19%, roughly equal to the maximum SWLD.L drawdown of -40.77%. Use the drawdown chart below to compare losses from any high point for WDSC.L and SWLD.L.
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Drawdown Indicators
| WDSC.L | SWLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.19% | -40.77% | -0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -8.57% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -20.33% | -18.97% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -26.17% | -4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.19% | — | — |
Current DrawdownCurrent decline from peak | -3.73% | -1.67% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -8.99% | +1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.03% | +0.59% |
Volatility
WDSC.L vs. SWLD.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 MSCI World UCITS ETF (SWLD.L) at 3.17%. This indicates that WDSC.L's price experiences larger fluctuations and is considered to be riskier than SWLD.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 | SWLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.17% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 9.07% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.67% | 11.71% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 20.50% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 22.24% | -3.71% |
WDSC.L vs. SWLD.L - Expense Ratio Comparison
WDSC.L has a 0.45% expense ratio, which is higher than SWLD.L's 0.12% expense ratio.
Dividends
WDSC.L vs. SWLD.L - Dividend Comparison
Neither WDSC.L nor SWLD.L has paid dividends to shareholders.
Frequently Asked Questions
WDSC.L and SWLD.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWLD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWLD.L is cheaper with a 0.12% expense ratio, compared with 0.45% for WDSC.L.
WDSC.L tracks MSCI World Small Cap Index, while SWLD.L tracks MSCI World Index. Their fees differ too: 0.45% for WDSC.L and 0.12% for SWLD.L.
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