WFIN.L vs. FNCW.L
WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) and FNCW.L (SPDR MSCI World 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 FNCW.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, WFIN.L returned 13.34%/yr vs 10.38%/yr for FNCW.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
WFIN.L vs. FNCW.L - Performance Comparison
Loading charts...
Different Trading Currencies
WFIN.L is traded in USD, while FNCW.L is traded in GBP. To make them comparable, the FNCW.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 FNCW.L's 9.62% return. Over the past 10 years, WFIN.L has outperformed FNCW.L with an annualized return of 13.34%, while FNCW.L has yielded a comparatively lower 10.38% annualized 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%
FNCW.L
- 1D
- 0.91%
- 1M
- 6.50%
- 6M
- 10.34%
- YTD
- 9.62%
- 1Y
- 22.59%
- 3Y*
- 25.48%
- 5Y*
- 7.97%
- 10Y*
- 10.38%
WFIN.L vs. FNCW.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% |
FNCW.L SPDR MSCI World Financials UCITS ETF | 9.62% | 29.48% | 26.60% | 15.73% | -33.29% | 26.73% | 0.14% | 30.57% | -21.66% | 34.31% |
Correlation
The correlation between WFIN.L and FNCW.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011 | 0.84 |
The correlation between WFIN.L and FNCW.L shifts across timeframes, from 0.81 (10 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WFIN.L vs. FNCW.L — Risk / Return Rank
WFIN.L
FNCW.L
WFIN.L vs. FNCW.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 World Financials UCITS ETF (FNCW.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 | FNCW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.97 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.54 | 6.61 | -0.07 |
Loading charts...
Drawdowns
WFIN.L vs. FNCW.L - Drawdown Comparison
The maximum WFIN.L drawdown since its inception was -72.88%, which is greater than FNCW.L's maximum drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for WFIN.L and FNCW.L.
Loading charts...
Drawdown Indicators
| WFIN.L | FNCW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.88% | -54.46% | -18.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -11.41% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.69% | -15.90% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -27.48% | -47.30% | +19.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.40% | -54.46% | +11.06% |
Current DrawdownCurrent decline from peak | -0.27% | 0.00% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -18.23% | -15.83% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 3.41% | -0.05% |
Volatility
WFIN.L vs. FNCW.L - Volatility Comparison
State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) has a higher volatility of 3.95% compared to SPDR MSCI World Financials UCITS ETF (FNCW.L) at 3.36%. This indicates that WFIN.L's price experiences larger fluctuations and is considered to be riskier than FNCW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WFIN.L | FNCW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 3.36% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.86% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 13.63% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 20.76% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 22.33% | -3.46% |
WFIN.L vs. FNCW.L - Expense Ratio Comparison
Both WFIN.L and FNCW.L have an expense ratio of 0.30%.
Dividends
WFIN.L vs. FNCW.L - Dividend Comparison
Neither WFIN.L nor FNCW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, WFIN.L and FNCW.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WFIN.L and FNCW.L have the same expense ratio: 0.30% per year.
WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc, while FNCW.L tracks MSCI World/Financials NR USD.
Find the right allocation for WFIN.L and FNCW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer