WFIN.L vs. S7XP.L

Last updated Jul 18, 2026

WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD (Acc)) and S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) are both Financials Equities funds - WFIN.L tracks the MSCI World Financials 35/20 Capped Index while S7XP.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, WFIN.L returned 13.38%/yr vs 17.31%/yr for S7XP.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

WFIN.L vs. S7XP.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 Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WFIN.L is traded in USD, while S7XP.L is traded in GBp. To make them comparable, the S7XP.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 8.69% return, which is significantly lower than S7XP.L's 12.10% return. Over the past 10 years, WFIN.L has underperformed S7XP.L with an annualized return of 13.38%, while S7XP.L has yielded a comparatively higher 17.31% annualized return.

WFIN.L

• 1D: -0.62%
• 1M: 3.52%
• 6M: 8.38%
• YTD: 8.69%
• 1Y: 20.65%
• 3Y*: 24.36%
• 5Y*: 14.77%
• 10Y*: 13.38%

S7XP.L

• 1D: -1.37%
• 1M: -0.02%
• 6M: 10.21%
• YTD: 12.10%
• 1Y: 45.86%
• 3Y*: 45.45%
• 5Y*: 32.35%
• 10Y*: 17.31%

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

WFIN.L vs. S7XP.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)	8.69%	29.17%	26.82%	16.20%	-9.85%	28.37%	-2.96%	24.94%	-17.34%	23.45%
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF	12.10%	109.46%	23.30%	32.88%	-4.70%	28.85%	-16.19%	15.09%	-34.83%	30.34%

Correlation

The correlation between WFIN.L and S7XP.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011	0.74

The correlation between WFIN.L and S7XP.L has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

WFIN.L vs. S7XP.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: 55
WFIN.L Sortino Ratio Rank: 58
WFIN.L Omega Ratio Rank: 50
WFIN.L Calmar Ratio Rank: 47
WFIN.L Martin Ratio Rank: 49

S7XP.L

S7XP.L Risk / Return Rank: 71
S7XP.L Sharpe Ratio Rank: 78
S7XP.L Sortino Ratio Rank: 74
S7XP.L Omega Ratio Rank: 70
S7XP.L Calmar Ratio Rank: 68
S7XP.L Martin Ratio Rank: 64

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. S7XP.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 Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.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	S7XP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.83	-0.42
Sortino ratio: Return per unit of downside risk	2.12	2.51	-0.39
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	1.86	2.37	-0.51
Martin ratio: Return relative to average drawdown	6.13	7.39	-1.26

WFIN.L vs. S7XP.L - Sharpe Ratio Comparison

The current WFIN.L Sharpe Ratio is 1.41, which is comparable to the S7XP.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of WFIN.L and S7XP.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. S7XP.L - Drawdown Comparison

The maximum WFIN.L drawdown since its inception was -72.88%, roughly equal to the maximum S7XP.L drawdown of -76.37%. Use the drawdown chart below to compare losses from any high point for WFIN.L and S7XP.L.

Drawdown Indicators

	WFIN.L	S7XP.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-76.37%	+3.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-19.25%	+8.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.69%	-20.05%	+4.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.48%	-43.31%	+15.83%
Max Drawdown (10Y) Largest decline over 10 years	-43.40%	-67.65%	+24.25%
Current Drawdown Current decline from peak	-0.62%	-2.44%	+1.82%
Average Drawdown Average peak-to-trough decline	-18.22%	-37.60%	+19.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	6.19%	-2.83%

Volatility

WFIN.L vs. S7XP.L - Volatility Comparison

The current volatility for State Street SPDR MSCI World Financials UCITS ETF USD (Acc) (WFIN.L) is 3.77%, while Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a volatility of 5.86%. This indicates that WFIN.L experiences smaller price fluctuations and is considered to be less risky than S7XP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFIN.L	S7XP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	5.86%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	11.97%	21.02%	-9.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	24.88%	-10.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	29.53%	-11.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	29.98%	-11.11%

WFIN.L vs. S7XP.L - Expense Ratio Comparison

Both WFIN.L and S7XP.L have an expense ratio of 0.30%.

Dividends

WFIN.L vs. S7XP.L - Dividend Comparison

Neither WFIN.L nor S7XP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WFIN.L and S7XP.L in my portfolio?

WFIN.L and S7XP.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WFIN.L or S7XP.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 S7XP.L?

WFIN.L and S7XP.L have the same expense ratio: 0.30% per year.

What is the main difference between WFIN.L and S7XP.L?

WFIN.L tracks MSCI World Financials 35/20 Capped Index, while S7XP.L tracks MSCI World/Financials NR USD. They also come from different issuers: State Street and Invesco.