WFIN.AS vs. IWVL.L
WFIN.AS (SPDR MSCI World Financials UCITS ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - WFIN.AS is a Financials Equities fund tracking the MSCI World/Financials NR USD, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, WFIN.AS returned 11.76%/yr vs 12.83%/yr for IWVL.L. A 0.75 correlation means they provide meaningful diversification when combined. WFIN.AS charges 0.30%/yr vs 0.25%/yr for IWVL.L.
Performance
WFIN.AS vs. IWVL.L - Performance Comparison
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Different Trading Currencies
WFIN.AS is traded in EUR, while IWVL.L is traded in USD. To make them comparable, the IWVL.L 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 IWVL.L's 36.91% return. Over the past 10 years, WFIN.AS has underperformed IWVL.L with an annualized return of 11.76%, while IWVL.L has yielded a comparatively higher 12.83% 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%
IWVL.L
- 1D
- 0.00%
- 1M
- 16.12%
- YTD
- 36.91%
- 6M
- 40.63%
- 1Y
- 64.73%
- 3Y*
- 27.16%
- 5Y*
- 17.55%
- 10Y*
- 12.83%
WFIN.AS vs. IWVL.L - 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% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 36.80% | 23.75% | 12.07% | 15.95% | -4.20% | 29.10% | -11.61% | 20.80% | -10.00% | 7.53% |
Correlation
The correlation between WFIN.AS and IWVL.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.75 |
The correlation between WFIN.AS and IWVL.L shifts across timeframes, from 0.59 (1 year) to 0.77 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
WFIN.AS vs. IWVL.L — Risk / Return Rank
WFIN.AS
IWVL.L
WFIN.AS vs. IWVL.L - 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 Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.
| WFIN.AS | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.64 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.78 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 9.33 | -8.27 |
| Martin ratioReturn relative to average drawdown | 3.27 | 37.50 | -34.24 |
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 | IWVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 4.26 | -3.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.18 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.77 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.66 | -0.47 |
Drawdowns
WFIN.AS vs. IWVL.L - Drawdown Comparison
The maximum WFIN.AS drawdown since its inception was -72.88%, which is greater than IWVL.L's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for WFIN.AS and IWVL.L.
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Drawdown Indicators
| WFIN.AS | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.88% | -35.49% | -37.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -6.91% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -19.52% | -16.98% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -19.52% | -16.98% | -2.54% |
Max Drawdown (10Y)Largest decline over 10 years | -42.00% | -35.49% | -6.51% |
Current DrawdownCurrent decline from peak | -2.75% | 0.00% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -18.72% | -5.87% | -12.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 1.72% | +1.40% |
Volatility
WFIN.AS vs. IWVL.L - Volatility Comparison
The current volatility for SPDR MSCI World Financials UCITS ETF (WFIN.AS) is 3.08%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.02%. This indicates that WFIN.AS experiences smaller price fluctuations and is considered to be less risky than IWVL.L 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 | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 6.02% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 12.53% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 15.14% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 14.87% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.44% | 16.61% | +2.83% |
WFIN.AS vs. IWVL.L - Expense Ratio Comparison
WFIN.AS has a 0.30% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
WFIN.AS vs. IWVL.L - Dividend Comparison
Neither WFIN.AS nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
WFIN.AS and IWVL.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for WFIN.AS.
WFIN.AS is categorized as Financials Equities, while IWVL.L is Global Equities. WFIN.AS tracks MSCI World/Financials NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WFIN.AS and 0.25% for IWVL.L.
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