WF1E.DE vs. XLF

Last updated Jun 5, 2026

WF1E.DE (Invesco S&P World Financials ESG UCITS ETF Acc) and XLF (State Street Financial Select Sector SPDR ETF) are both Financials Equities funds - WF1E.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Financials while XLF tracks the Financial Select Sector Index. Both are passively managed. Over the past 3 years, WF1E.DE returned 20.18%/yr vs 15.53%/yr for XLF. A 0.59 correlation means they provide meaningful diversification when combined. WF1E.DE charges 0.18%/yr vs 0.08%/yr for XLF.

Performance

WF1E.DE vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) and State Street Financial Select Sector SPDR ETF (XLF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WF1E.DE is traded in EUR, while XLF is traded in USD. To make them comparable, the XLF values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WF1E.DE achieves a 1.34% return, which is significantly higher than XLF's -2.13% return.

WF1E.DE

• 1D: 1.98%
• 1M: 1.45%
• YTD: 1.34%
• 6M: 5.57%
• 1Y: 10.72%
• 3Y*: 20.18%
• 5Y*: —
• 10Y*: —

XLF

• 1D: 1.01%
• 1M: 2.88%
• YTD: -2.13%
• 6M: -0.70%
• 1Y: 4.16%
• 3Y*: 15.53%
• 5Y*: 9.39%
• 10Y*: 12.49%

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

WF1E.DE vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WF1E.DE Invesco S&P World Financials ESG UCITS ETF Acc	1.34%	13.85%	32.68%	14.22%
XLF State Street Financial Select Sector SPDR ETF	-2.13%	1.27%	39.17%	13.51%

Correlation

The correlation between WF1E.DE and XLF is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.59

The correlation between WF1E.DE and XLF has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

WF1E.DE vs. XLF — Risk / Return Rank

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

WF1E.DE

WF1E.DE Risk / Return Rank: 25
WF1E.DE Sharpe Ratio Rank: 24
WF1E.DE Sortino Ratio Rank: 24
WF1E.DE Omega Ratio Rank: 22
WF1E.DE Calmar Ratio Rank: 26
WF1E.DE Martin Ratio Rank: 27

XLF

XLF Risk / Return Rank: 14
XLF Sharpe Ratio Rank: 14
XLF Sortino Ratio Rank: 14
XLF Omega Ratio Rank: 14
XLF Calmar Ratio Rank: 13
XLF Martin Ratio Rank: 13

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.

WF1E.DE vs. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) and State Street Financial Select Sector SPDR ETF (XLF). 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.

	WF1E.DE	XLF	Difference
Sharpe ratio: Return per unit of total volatility	0.84	0.27	+0.56
Sortino ratio: Return per unit of downside risk	1.26	0.45	+0.81
Omega ratio: Gain probability vs. loss probability	1.15	1.06	+0.09
Calmar ratio: Return relative to maximum drawdown	1.19	0.31	+0.88
Martin ratio: Return relative to average drawdown	3.65	0.74	+2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WF1E.DE vs. XLF - Sharpe Ratio Comparison

The current WF1E.DE Sharpe Ratio is 0.84, which is higher than the XLF Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of WF1E.DE and XLF, 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

	WF1E.DE	XLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.27	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.22	+1.12

Drawdowns

WF1E.DE vs. XLF - Drawdown Comparison

The maximum WF1E.DE drawdown since its inception was -19.97%, smaller than the maximum XLF drawdown of -79.76%. Use the drawdown chart below to compare losses from any high point for WF1E.DE and XLF.

Drawdown Indicators

	WF1E.DE	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-19.97%	-79.76%	+59.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-13.46%	+4.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.97%	-20.87%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.37%	—
Current Drawdown Current decline from peak	-0.87%	-8.01%	+7.14%
Average Drawdown Average peak-to-trough decline	-2.63%	-21.77%	+19.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	5.62%	-2.70%

Volatility

WF1E.DE vs. XLF - Volatility Comparison

The current volatility for Invesco S&P World Financials ESG UCITS ETF Acc (WF1E.DE) is 3.46%, while State Street Financial Select Sector SPDR ETF (XLF) has a volatility of 4.12%. This indicates that WF1E.DE experiences smaller price fluctuations and is considered to be less risky than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WF1E.DE	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	4.12%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	11.41%	-1.95%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	15.26%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	18.60%	-4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.49%	22.67%	-8.18%

WF1E.DE vs. XLF - Expense Ratio Comparison

WF1E.DE has a 0.18% expense ratio, which is higher than XLF's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

WF1E.DE vs. XLF - Dividend Comparison

WF1E.DE has not paid dividends to shareholders, while XLF's dividend yield for the trailing twelve months is around 1.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WF1E.DE Invesco S&P World Financials ESG UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLF State Street Financial Select Sector SPDR ETF	1.52%	1.31%	1.42%	1.71%	2.04%	1.63%	2.03%	1.87%	2.08%	1.48%	21.10%	1.95%

Frequently Asked Questions

Can I hold both WF1E.DE and XLF in my portfolio?

WF1E.DE and XLF have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WF1E.DE or XLF?

On fees, XLF is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WF1E.DE or XLF?

XLF is cheaper with a 0.08% expense ratio, compared with 0.18% for WF1E.DE.

What is the main difference between WF1E.DE and XLF?

WF1E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Financials, while XLF tracks Financial Select Sector Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.18% for WF1E.DE and 0.08% for XLF.