WENS.L vs. WLDS.L

Last updated Jun 5, 2026

WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) and WLDS.L (iShares MSCI World Small Cap UCITS ETF) are both exchange-traded funds - WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde. Both are passively managed. Over the past 3 years, WENS.L returned 13.87%/yr vs 15.03%/yr for WLDS.L. At a 0.30 correlation, their price movements are largely independent. WENS.L charges 0.25%/yr vs 0.35%/yr for WLDS.L.

Performance

WENS.L vs. WLDS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WENS.L achieves a 31.38% return, which is significantly higher than WLDS.L's 14.58% return.

WENS.L

• 1D: -0.43%
• 1M: -0.63%
• YTD: 31.38%
• 6M: 26.68%
• 1Y: 44.00%
• 3Y*: 13.87%
• 5Y*: —
• 10Y*: —

WLDS.L

• 1D: 0.69%
• 1M: 4.25%
• YTD: 14.58%
• 6M: 14.95%
• 1Y: 33.75%
• 3Y*: 15.03%
• 5Y*: 8.23%
• 10Y*: —

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

WENS.L vs. WLDS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	31.38%	3.24%	2.09%	-2.00%	17.73%
WLDS.L iShares MSCI World Small Cap UCITS ETF	14.58%	11.86%	8.58%	11.22%	5.57%

Correlation

The correlation between WENS.L and WLDS.L is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022	0.30

The correlation between WENS.L and WLDS.L shifts across timeframes, from -0.10 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

WENS.L vs. WLDS.L — Risk / Return Rank

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

WENS.L

WENS.L Risk / Return Rank: 59
WENS.L Sharpe Ratio Rank: 63
WENS.L Sortino Ratio Rank: 53
WENS.L Omega Ratio Rank: 62
WENS.L Calmar Ratio Rank: 61
WENS.L Martin Ratio Rank: 56

WLDS.L

WLDS.L Risk / Return Rank: 83
WLDS.L Sharpe Ratio Rank: 83
WLDS.L Sortino Ratio Rank: 84
WLDS.L Omega Ratio Rank: 80
WLDS.L Calmar Ratio Rank: 83
WLDS.L Martin Ratio Rank: 82

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.

WENS.L vs. WLDS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) and iShares MSCI World Small Cap UCITS ETF (WLDS.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.

	WENS.L	WLDS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.67	-0.61
Sortino ratio: Return per unit of downside risk	2.54	3.75	-1.21
Omega ratio: Gain probability vs. loss probability	1.37	1.48	-0.10
Calmar ratio: Return relative to maximum drawdown	2.99	4.32	-1.32
Martin ratio: Return relative to average drawdown	9.66	16.35	-6.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WENS.L vs. WLDS.L - Sharpe Ratio Comparison

The current WENS.L Sharpe Ratio is 2.06, which is comparable to the WLDS.L Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of WENS.L and WLDS.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.

Sharpe Ratios by Period

	WENS.L	WLDS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.67	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.56	+0.03

Drawdowns

WENS.L vs. WLDS.L - Drawdown Comparison

The maximum WENS.L drawdown since its inception was -22.49%, smaller than the maximum WLDS.L drawdown of -33.26%. Use the drawdown chart below to compare losses from any high point for WENS.L and WLDS.L.

Drawdown Indicators

	WENS.L	WLDS.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.49%	-33.26%	+10.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.63%	-7.78%	-6.85%
Max Drawdown (3Y) Largest decline over 3 years	-22.49%	-21.55%	-0.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.55%	—
Current Drawdown Current decline from peak	-7.62%	0.00%	-7.62%
Average Drawdown Average peak-to-trough decline	-9.15%	-6.36%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	2.06%	+2.48%

Volatility

WENS.L vs. WLDS.L - Volatility Comparison

iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a higher volatility of 7.96% compared to iShares MSCI World Small Cap UCITS ETF (WLDS.L) at 3.41%. This indicates that WENS.L's price experiences larger fluctuations and is considered to be riskier than WLDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WENS.L	WLDS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	3.41%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	9.29%	+8.90%
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	12.58%	+8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.49%	15.53%	+5.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	17.29%	+4.20%

WENS.L vs. WLDS.L - Expense Ratio Comparison

WENS.L has a 0.25% expense ratio, which is lower than WLDS.L's 0.35% expense ratio.

Dividends

WENS.L vs. WLDS.L - Dividend Comparison

Neither WENS.L nor WLDS.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	0.00%	0.00%	1.75%	3.61%	1.77%
WLDS.L iShares MSCI World Small Cap UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WENS.L and WLDS.L in my portfolio?

WENS.L and WLDS.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WENS.L or WLDS.L?

On fees, WENS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WENS.L or WLDS.L?

WENS.L is cheaper with a 0.25% expense ratio, compared with 0.35% for WLDS.L.

What is the main difference between WENS.L and WLDS.L?

WENS.L is categorized as Energy Equities, while WLDS.L is Small Cap Blend Equities. WENS.L tracks MSCI World/Energy NR USD, while WLDS.L tracks MSCI World Small Cap Inde. Their fees differ too: 0.25% for WENS.L and 0.35% for WLDS.L.