WFIN.L vs. BNKS.L
WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) and BNKS.L (iShares S&P U.S. Banks) are both Financials Equities funds - WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc while BNKS.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, WFIN.L returned 14.81%/yr vs 8.52%/yr for BNKS.L. Their correlation of 0.85 suggests significant overlap in exposure. WFIN.L charges 0.30%/yr vs 0.35%/yr for BNKS.L.
Performance
WFIN.L vs. BNKS.L - Performance Comparison
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Returns By Period
In the year-to-date period, WFIN.L achieves a 8.91% return, which is significantly lower than BNKS.L's 13.36% return.
WFIN.L
- 1D
- -0.27%
- 1M
- 5.66%
- 6M
- 9.60%
- YTD
- 8.91%
- 1Y
- 21.36%
- 3Y*
- 24.93%
- 5Y*
- 14.81%
- 10Y*
- 13.34%
BNKS.L
- 1D
- 0.81%
- 1M
- 4.92%
- 6M
- 13.65%
- YTD
- 13.36%
- 1Y
- 26.48%
- 3Y*
- 27.77%
- 5Y*
- 8.52%
- 10Y*
- —
WFIN.L vs. BNKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WFIN.L State Street SPDR MSCI World Financials UCITS ETF USD Acc | 8.91% | 29.17% | 26.82% | 16.20% | -9.85% | 28.37% | -2.96% | 24.94% | -16.77% |
BNKS.L iShares S&P U.S. Banks | 13.36% | 20.47% | 27.74% | -3.09% | -18.79% | 39.71% | -11.77% | 33.02% | -23.57% |
Correlation
The correlation between WFIN.L and BNKS.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | 0.85 |
The correlation between WFIN.L and BNKS.L has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
WFIN.L vs. BNKS.L — Risk / Return Rank
WFIN.L
BNKS.L
WFIN.L vs. BNKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) and iShares S&P U.S. Banks (BNKS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WFIN.L | BNKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.56 | +0.42 |
| Martin ratioReturn relative to average drawdown | 6.54 | 4.30 | +2.23 |
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Drawdowns
WFIN.L vs. BNKS.L - Drawdown Comparison
The maximum WFIN.L drawdown since its inception was -72.88%, which is greater than BNKS.L's maximum drawdown of -51.35%. Use the drawdown chart below to compare losses from any high point for WFIN.L and BNKS.L.
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Drawdown Indicators
| WFIN.L | BNKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.88% | -51.35% | -21.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -16.90% | +5.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -28.47% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -50.15% | +22.67% |
Max Drawdown (10Y)Largest decline over 10 years | -43.40% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -18.23% | -17.10% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 6.14% | -2.78% |
Volatility
WFIN.L vs. BNKS.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) is 3.95%, while iShares S&P U.S. Banks (BNKS.L) has a volatility of 5.62%. This indicates that WFIN.L experiences smaller price fluctuations and is considered to be less risky than BNKS.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.L | BNKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 5.62% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 16.10% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 20.77% | -6.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 27.79% | -9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 30.64% | -11.77% |
WFIN.L vs. BNKS.L - Expense Ratio Comparison
WFIN.L has a 0.30% expense ratio, which is lower than BNKS.L's 0.35% expense ratio.
Dividends
WFIN.L vs. BNKS.L - Dividend Comparison
Neither WFIN.L nor BNKS.L has paid dividends to shareholders.
Frequently Asked Questions
WFIN.L and BNKS.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WFIN.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WFIN.L is cheaper with a 0.30% expense ratio, compared with 0.35% for BNKS.L.
WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc, while BNKS.L tracks MSCI World/Financials NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WFIN.L and 0.35% for BNKS.L.
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