WFIN.L vs. FNCE.L
WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) and FNCE.L (SPDR MSCI Europe Financials UCITS ETF) are both Financials Equities funds from State Street - WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc while FNCE.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, WFIN.L returned 13.34%/yr vs 12.85%/yr for FNCE.L. A 0.79 correlation means they provide meaningful diversification when combined. WFIN.L charges 0.30%/yr vs 0.18%/yr for FNCE.L.
Performance
WFIN.L vs. FNCE.L - Performance Comparison
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Different Trading Currencies
WFIN.L is traded in USD, while FNCE.L is traded in GBP. To make them comparable, the FNCE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WFIN.L achieves a 8.91% return, which is significantly lower than FNCE.L's 11.69% return. Both investments have delivered pretty close results over the past 10 years, with WFIN.L having a 13.34% annualized return and FNCE.L not far behind at 12.85%.
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%
FNCE.L
- 1D
- 0.00%
- 1M
- 5.20%
- 6M
- 11.27%
- YTD
- 11.69%
- 1Y
- 34.11%
- 3Y*
- 33.37%
- 5Y*
- 18.52%
- 10Y*
- 12.85%
WFIN.L vs. FNCE.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% |
FNCE.L SPDR MSCI Europe Financials UCITS ETF | 11.69% | 66.18% | 18.28% | 25.14% | -22.45% | 27.82% | -13.03% | 27.61% | -23.60% | 22.82% |
Correlation
The correlation between WFIN.L and FNCE.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.79 |
The correlation between WFIN.L and FNCE.L has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
WFIN.L vs. FNCE.L — Risk / Return Rank
WFIN.L
FNCE.L
WFIN.L vs. FNCE.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 SPDR MSCI Europe Financials UCITS ETF (FNCE.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 | FNCE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.47 | -0.49 |
| Martin ratioReturn relative to average drawdown | 6.54 | 8.39 | -1.85 |
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Drawdowns
WFIN.L vs. FNCE.L - Drawdown Comparison
The maximum WFIN.L drawdown since its inception was -72.88%, which is greater than FNCE.L's maximum drawdown of -57.90%. Use the drawdown chart below to compare losses from any high point for WFIN.L and FNCE.L.
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Drawdown Indicators
| WFIN.L | FNCE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.88% | -57.90% | -14.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -13.85% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -16.43% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -44.89% | +17.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.40% | -55.31% | +11.91% |
Current DrawdownCurrent decline from peak | -0.27% | -0.26% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -18.23% | -18.31% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 4.08% | -0.72% |
Volatility
WFIN.L vs. FNCE.L - Volatility Comparison
The current volatility for State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) is 3.95%, while SPDR MSCI Europe Financials UCITS ETF (FNCE.L) has a volatility of 4.68%. This indicates that WFIN.L experiences smaller price fluctuations and is considered to be less risky than FNCE.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 | FNCE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 4.68% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 16.41% | -4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 19.37% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 22.87% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 24.31% | -5.44% |
WFIN.L vs. FNCE.L - Expense Ratio Comparison
WFIN.L has a 0.30% expense ratio, which is higher than FNCE.L's 0.18% expense ratio.
Dividends
WFIN.L vs. FNCE.L - Dividend Comparison
Neither WFIN.L nor FNCE.L has paid dividends to shareholders.
Frequently Asked Questions
WFIN.L and FNCE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FNCE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FNCE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for WFIN.L.
WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc, while FNCE.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.30% for WFIN.L and 0.18% for FNCE.L.
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