WFIN.L vs. FINW.L

Last updated Jul 16, 2026

WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) and FINW.L (Lyxor MSCI World Financials TR UCITS) are both Financials Equities funds - WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc while FINW.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, WFIN.L returned 13.34%/yr vs 13.39%/yr for FINW.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

WFIN.L vs. FINW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) and Lyxor MSCI World Financials TR UCITS (FINW.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with WFIN.L having a 8.91% return and FINW.L slightly higher at 9.31%. Both investments have delivered pretty close results over the past 10 years, with WFIN.L having a 13.34% annualized return and FINW.L not far ahead at 13.39%.

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%

FINW.L

• 1D: 0.48%
• 1M: 5.93%
• 6M: 9.89%
• YTD: 9.31%
• 1Y: 22.12%
• 3Y*: 25.16%
• 5Y*: 14.86%
• 10Y*: 13.39%

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

WFIN.L vs. FINW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	-17.34%	23.45%
FINW.L Lyxor MSCI World Financials TR UCITS	9.31%	29.01%	26.29%	16.30%	-9.86%	28.60%	-2.86%	25.05%	-17.56%	23.46%

Correlation

The correlation between WFIN.L and FINW.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 23, 2010	0.93

The correlation between WFIN.L and FINW.L has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.

Return for Risk

WFIN.L vs. FINW.L — Risk / Return Rank

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

WFIN.L

WFIN.L Risk / Return Rank: 52
WFIN.L Sharpe Ratio Rank: 54
WFIN.L Sortino Ratio Rank: 58
WFIN.L Omega Ratio Rank: 50
WFIN.L Calmar Ratio Rank: 48
WFIN.L Martin Ratio Rank: 49

FINW.L

FINW.L Risk / Return Rank: 52
FINW.L Sharpe Ratio Rank: 55
FINW.L Sortino Ratio Rank: 59
FINW.L Omega Ratio Rank: 51
FINW.L Calmar Ratio Rank: 48
FINW.L Martin Ratio Rank: 49

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.L vs. FINW.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 Lyxor MSCI World Financials TR UCITS (FINW.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	FINW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.53	-0.02
Sortino ratio: Return per unit of downside risk	2.25	2.27	-0.02
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.98	2.01	-0.02
Martin ratio: Return relative to average drawdown	6.54	6.69	-0.16

WFIN.L vs. FINW.L - Sharpe Ratio Comparison

The current WFIN.L Sharpe Ratio is 1.50, which is comparable to the FINW.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of WFIN.L and FINW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WFIN.L vs. FINW.L - Drawdown Comparison

The maximum WFIN.L drawdown since its inception was -72.88%, which is greater than FINW.L's maximum drawdown of -43.64%. Use the drawdown chart below to compare losses from any high point for WFIN.L and FINW.L.

Drawdown Indicators

	WFIN.L	FINW.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-43.64%	-29.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-10.98%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-15.69%	-15.81%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	-27.48%	-27.31%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	-43.40%	-43.64%	+0.24%
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-18.23%	-8.12%	-10.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.30%	+0.06%

Volatility

WFIN.L vs. FINW.L - Volatility Comparison

State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) and Lyxor MSCI World Financials TR UCITS (FINW.L) have volatilities of 3.95% and 3.89%, 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.L	FINW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.89%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	11.79%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	14.47%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	17.84%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	18.96%	-0.09%

WFIN.L vs. FINW.L - Expense Ratio Comparison

Both WFIN.L and FINW.L have an expense ratio of 0.30%.

Dividends

WFIN.L vs. FINW.L - Dividend Comparison

Neither WFIN.L nor FINW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WFIN.L and FINW.L in my portfolio?

With a correlation of 0.98, WFIN.L and FINW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, WFIN.L or FINW.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WFIN.L or FINW.L?

WFIN.L and FINW.L have the same expense ratio: 0.30% per year.

What is the main difference between WFIN.L and FINW.L?

WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc, while FINW.L tracks MSCI World/Financials NR USD. They also come from different issuers: State Street and Amundi.