WFIN.L vs. XLFQ.L

Last updated Jul 16, 2026

WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) and XLFQ.L (Invesco US Financials Sector UCITS ETF) are both Financials Equities funds - WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc while XLFQ.L tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, WFIN.L returned 13.34%/yr vs 13.30%/yr for XLFQ.L. Their correlation of 0.81 suggests significant overlap in exposure. WFIN.L charges 0.30%/yr vs 0.14%/yr for XLFQ.L.

Performance

WFIN.L vs. XLFQ.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 US Financials Sector UCITS ETF (XLFQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WFIN.L is traded in USD, while XLFQ.L is traded in GBp. To make them comparable, the XLFQ.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 higher than XLFQ.L's 3.97% return. Both investments have delivered pretty close results over the past 10 years, with WFIN.L having a 13.34% annualized return and XLFQ.L not far behind at 13.30%.

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%

XLFQ.L

• 1D: 0.94%
• 1M: 6.11%
• 6M: 6.25%
• YTD: 3.97%
• 1Y: 10.99%
• 3Y*: 20.03%
• 5Y*: 10.95%
• 10Y*: 13.30%

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

WFIN.L vs. XLFQ.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%
XLFQ.L Invesco US Financials Sector UCITS ETF	3.97%	15.15%	29.95%	11.72%	-11.04%	36.65%	-3.70%	32.26%	-14.64%	22.52%

Correlation

The correlation between WFIN.L and XLFQ.L is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009	0.81

The correlation between WFIN.L and XLFQ.L has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

WFIN.L vs. XLFQ.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

XLFQ.L

XLFQ.L Risk / Return Rank: 21
XLFQ.L Sharpe Ratio Rank: 23
XLFQ.L Sortino Ratio Rank: 22
XLFQ.L Omega Ratio Rank: 21
XLFQ.L Calmar Ratio Rank: 20
XLFQ.L Martin Ratio Rank: 19

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. XLFQ.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 US Financials Sector UCITS ETF (XLFQ.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	XLFQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.50	0.78	+0.73
Sortino ratio: Return per unit of downside risk	2.25	1.21	+1.03
Omega ratio: Gain probability vs. loss probability	1.26	1.14	+0.12
Calmar ratio: Return relative to maximum drawdown	1.98	0.77	+1.22
Martin ratio: Return relative to average drawdown	6.54	1.89	+4.65

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

The current WFIN.L Sharpe Ratio is 1.50, which is higher than the XLFQ.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of WFIN.L and XLFQ.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. XLFQ.L - Drawdown Comparison

The maximum WFIN.L drawdown since its inception was -72.88%, which is greater than XLFQ.L's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for WFIN.L and XLFQ.L.

Drawdown Indicators

	WFIN.L	XLFQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.88%	-42.38%	-30.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-14.29%	+3.23%
Max Drawdown (3Y) Largest decline over 3 years	-15.69%	-18.97%	+3.28%
Max Drawdown (5Y) Largest decline over 5 years	-27.48%	-26.74%	-0.74%
Max Drawdown (10Y) Largest decline over 10 years	-43.40%	-42.38%	-1.02%
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-18.23%	-12.42%	-5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	5.80%	-2.44%

Volatility

WFIN.L vs. XLFQ.L - Volatility Comparison

State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) has a higher volatility of 3.95% compared to Invesco US Financials Sector UCITS ETF (XLFQ.L) at 3.74%. This indicates that WFIN.L's price experiences larger fluctuations and is considered to be riskier than XLFQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFIN.L	XLFQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.74%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	10.58%	+1.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	14.14%	+0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	23.21%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	22.99%	-4.12%

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

WFIN.L has a 0.30% expense ratio, which is higher than XLFQ.L's 0.14% expense ratio.

Dividends

WFIN.L vs. XLFQ.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

WFIN.L and XLFQ.L have a correlation of 0.85, 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 XLFQ.L?

On fees, XLFQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XLFQ.L is cheaper with a 0.14% expense ratio, compared with 0.30% for WFIN.L.

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

WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc, while XLFQ.L tracks MSCI World/Financials NR USD. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for WFIN.L and 0.14% for XLFQ.L.