WFIN.AS vs. IAU
WFIN.AS (SPDR MSCI World Financials UCITS ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - WFIN.AS is a Financials Equities fund tracking the MSCI World/Financials NR USD, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, WFIN.AS returned 11.76%/yr vs 13.07%/yr for IAU. At a correlation of -0.09, they often move in opposite directions. WFIN.AS charges 0.30%/yr vs 0.25%/yr for IAU.
Performance
WFIN.AS vs. IAU - Performance Comparison
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Different Trading Currencies
WFIN.AS is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU 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 -0.53% return, which is significantly lower than IAU's 4.22% return. Over the past 10 years, WFIN.AS has underperformed IAU with an annualized return of 11.76%, while IAU has yielded a comparatively higher 13.07% annualized return.
WFIN.AS
- 1D
- -1.10%
- 1M
- 0.74%
- YTD
- -0.53%
- 6M
- 3.66%
- 1Y
- 10.32%
- 3Y*
- 19.91%
- 5Y*
- 12.40%
- 10Y*
- 11.76%
IAU
- 1D
- -0.77%
- 1M
- -0.92%
- YTD
- 4.22%
- 6M
- 6.08%
- 1Y
- 29.57%
- 3Y*
- 27.81%
- 5Y*
- 19.44%
- 10Y*
- 13.07%
WFIN.AS vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFIN.AS SPDR MSCI World Financials UCITS ETF | -0.53% | 14.32% | 35.51% | 11.89% | -4.62% | 39.49% | -11.39% | 27.43% | -12.91% | 7.84% |
IAU iShares Gold Trust | 4.22% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.85% | -0.97% |
Correlation
The correlation between WFIN.AS and IAU is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | -0.09 |
The correlation between WFIN.AS and IAU shifts across timeframes, from -0.09 (all time) to 0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WFIN.AS vs. IAU — Risk / Return Rank
WFIN.AS
IAU
WFIN.AS vs. IAU - 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 Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.73 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.27 | 4.18 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WFIN.AS | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.19 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.17 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.88 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.66 | -0.47 |
Drawdowns
WFIN.AS vs. IAU - Drawdown Comparison
The maximum WFIN.AS drawdown since its inception was -72.88%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for WFIN.AS and IAU.
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Drawdown Indicators
| WFIN.AS | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.88% | -37.42% | -35.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -17.12% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -17.12% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -17.12% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.00% | -18.61% | -23.39% |
Current DrawdownCurrent decline from peak | -2.75% | -16.13% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -12.01% | -6.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 7.08% | -3.96% |
Volatility
WFIN.AS vs. IAU - Volatility Comparison
The current volatility for SPDR MSCI World Financials UCITS ETF (WFIN.AS) is 3.08%, while iShares Gold Trust (IAU) has a volatility of 4.72%. This indicates that WFIN.AS experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFIN.AS | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.72% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 21.69% | -12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 25.00% | -12.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 16.64% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 14.86% | +4.58% |
WFIN.AS vs. IAU - Expense Ratio Comparison
WFIN.AS has a 0.30% expense ratio, which is higher than IAU's 0.25% expense ratio.
Dividends
WFIN.AS vs. IAU - Dividend Comparison
Neither WFIN.AS nor IAU has paid dividends to shareholders.
Frequently Asked Questions
WFIN.AS and IAU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IAU is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IAU is cheaper with a 0.25% expense ratio, compared with 0.30% for WFIN.AS.
WFIN.AS is categorized as Financials Equities, while IAU is Gold. WFIN.AS tracks MSCI World/Financials NR USD, while IAU tracks LBMA Gold Price. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WFIN.AS and 0.25% for IAU.
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