WFIN.AS vs. IAI

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI World Financials UCITS ETF (WFIN.AS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI).

WFIN.AS and IAI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WFIN.AS is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Apr 29, 2016. IAI is a passively managed fund by iShares that tracks the performance of the DJ US Select / Investment Services. It was launched on May 1, 2006. Both WFIN.AS and IAI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

WFIN.AS vs. IAI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Financials UCITS ETF (WFIN.AS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). The values are adjusted to include any dividend payments, if applicable.

WFIN.AS vs. IAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFIN.AS SPDR MSCI World Financials UCITS ETF	-4.56%	14.32%	35.51%	11.89%	-4.62%	39.49%	-11.39%	27.43%	-12.91%	7.84%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	-6.29%	10.87%	43.24%	11.81%	-5.34%	50.99%	8.83%	27.07%	-5.22%	13.03%

Different Trading Currencies

WFIN.AS is traded in EUR, while IAI is traded in USD. To make them comparable, the IAI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WFIN.AS achieves a -4.56% return, which is significantly higher than IAI's -6.29% return. Over the past 10 years, WFIN.AS has underperformed IAI with an annualized return of 11.05%, while IAI has yielded a comparatively higher 17.54% annualized return.

WFIN.AS

• 1D: 2.25%
• 1M: -1.89%
• YTD: -4.56%
• 6M: 0.71%
• 1Y: 6.61%
• 3Y*: 19.65%
• 5Y*: 12.92%
• 10Y*: 11.05%

IAI

• 1D: 0.30%
• 1M: -2.74%
• YTD: -6.29%
• 6M: -3.24%
• 1Y: 10.77%
• 3Y*: 20.73%
• 5Y*: 14.20%
• 10Y*: 17.54%

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

WFIN.AS vs. IAI - Expense Ratio Comparison

WFIN.AS has a 0.30% expense ratio, which is lower than IAI's 0.41% expense ratio.

IAI

iShares U.S. Broker-Dealers & Securities Exchanges ETF

WFIN.AS

SPDR MSCI World Financials UCITS ETF

Return for Risk

WFIN.AS vs. IAI — Risk / Return Rank

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

WFIN.AS

WFIN.AS Risk / Return Rank: 40
WFIN.AS Sharpe Ratio Rank: 21
WFIN.AS Sortino Ratio Rank: 20
WFIN.AS Omega Ratio Rank: 21
WFIN.AS Calmar Ratio Rank: 74
WFIN.AS Martin Ratio Rank: 63

IAI

IAI Risk / Return Rank: 39
IAI Sharpe Ratio Rank: 39
IAI Sortino Ratio Rank: 40
IAI Omega Ratio Rank: 39
IAI Calmar Ratio Rank: 42
IAI Martin Ratio Rank: 37

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.

WFIN.AS vs. IAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Financials UCITS ETF (WFIN.AS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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.

	WFIN.AS	IAI	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.41	-0.05
Sortino ratio Return per unit of downside risk	0.60	0.71	-0.11
Omega ratio Gain probability vs. loss probability	1.09	1.10	-0.01
Calmar ratio Return relative to maximum drawdown	2.08	0.72	+1.37
Martin ratio Return relative to average drawdown	6.79	1.81	+4.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFIN.AS vs. IAI - Sharpe Ratio Comparison

The current WFIN.AS Sharpe Ratio is 0.37, which is comparable to the IAI Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of WFIN.AS and IAI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WFIN.AS	IAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.41	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.67	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.75	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.29	-0.11

Correlation

The correlation between WFIN.AS and IAI is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

WFIN.AS vs. IAI - Dividend Comparison

WFIN.AS has not paid dividends to shareholders, while IAI's dividend yield for the trailing twelve months is around 1.17%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WFIN.AS SPDR MSCI World Financials UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.17%	0.95%	1.05%	1.80%	2.14%	1.31%	1.55%	1.52%	1.58%	1.37%	1.49%	1.31%

Drawdowns

WFIN.AS vs. IAI - Drawdown Comparison

The maximum WFIN.AS drawdown since its inception was -72.88%, roughly equal to the maximum IAI drawdown of -73.59%. Use the drawdown chart below to compare losses from any high point for WFIN.AS and IAI.

Drawdown Indicators

	WFIN.AS	IAI	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-75.46%	+2.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.64%	-16.52%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	-19.52%	-28.84%	+9.32%
Max Drawdown (10Y) Largest decline over 10 years	-42.00%	-40.38%	-1.62%
Current Drawdown Current decline from peak	-6.68%	-13.06%	+6.38%
Average Drawdown Average peak-to-trough decline	-18.86%	-22.80%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	5.45%	-2.49%

Volatility

WFIN.AS vs. IAI - Volatility Comparison

SPDR MSCI World Financials UCITS ETF (WFIN.AS) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) have volatilities of 5.11% and 5.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFIN.AS	IAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	5.25%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	15.60%	-5.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.77%	26.18%	-8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	21.35%	-5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	23.48%	-3.32%