PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WLDS.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WLDS.L vs. IWDA.L

Last updated Jun 5, 2026

WLDS.L (iShares MSCI World Small Cap UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, WLDS.L returned 8.23%/yr vs 13.06%/yr for IWDA.L. Their correlation of 0.82 suggests significant overlap in exposure. WLDS.L charges 0.35%/yr vs 0.20%/yr for IWDA.L.

Performance

WLDS.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Small Cap UCITS ETF (WLDS.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

WLDS.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, WLDS.L achieves a 14.58% return, which is significantly higher than IWDA.L's 10.28% return.

WLDS.L

1D
0.69%
1M
4.25%
YTD
14.58%
6M
14.95%
1Y
33.75%
3Y*
15.03%
5Y*
8.23%
10Y*
—

IWDA.L

1D
0.10%
1M
5.02%
YTD
10.28%
6M
10.21%
1Y
27.20%
3Y*
17.74%
5Y*
13.06%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WLDS.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WLDS.L
iShares MSCI World Small Cap UCITS ETF		14.58%11.86%8.58%11.22%-8.89%16.71%12.54%20.41%-4.07%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.28%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%2.11%

Correlation

The correlation between WLDS.L and IWDA.L is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2018

0.82

The correlation between WLDS.L and IWDA.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

WLDS.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
WLDS.L
IWDA.L

Industrials

20.5%
9.7%

Technology

15.2%
32.9%

Financial Services

13.3%
14.9%

Consumer Cyclical

10.6%
8.8%

Healthcare

9.5%
8.6%

Basic Materials

8.2%
2.8%

Real Estate

8.0%
1.2%

Energy

5.0%
3.9%

Consumer Defensive

3.9%
4.8%

Communication Services

3.0%
9.3%

Utilities

2.8%
2.4%

Industrials

WLDS.L
20.5%
IWDA.L
9.7%

Technology

WLDS.L
15.2%
IWDA.L
32.9%

Financial Services

WLDS.L
13.3%
IWDA.L
14.9%

Consumer Cyclical

WLDS.L
10.6%
IWDA.L
8.8%

Healthcare

WLDS.L
9.5%
IWDA.L
8.6%

Basic Materials

WLDS.L
8.2%
IWDA.L
2.8%

Real Estate

WLDS.L
8.0%
IWDA.L
1.2%

Energy

WLDS.L
5.0%
IWDA.L
3.9%

Consumer Defensive

WLDS.L
3.9%
IWDA.L
4.8%

Communication Services

WLDS.L
3.0%
IWDA.L
9.3%

Utilities

WLDS.L
2.8%
IWDA.L
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Small Cap UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with WLDS.L:
WLDS.L vs. WOSC.LWLDS.L vs. AVSG.LWLDS.L vs. URTHWLDS.L vs. EQGB.LWLDS.L vs. EXUS.LWLDS.L vs. VUAA.LWLDS.L vs. IYW
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

WLDS.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WLDS.L
WLDS.L Risk / Return Rank: 8383
Overall Rank
WLDS.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
WLDS.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
WLDS.L Omega Ratio Rank: 8080
Omega Ratio Rank
WLDS.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
WLDS.L Martin Ratio Rank: 8282
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
Martin Ratio Rank
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.

WLDS.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small Cap UCITS ETF (WLDS.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

WLDS.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.67
2.33

+0.34

Sortino ratioReturn per unit of downside risk
3.75
3.24

+0.50

Omega ratioGain probability vs. loss probability

1.48

1.44

+0.04

Calmar ratioReturn relative to maximum drawdown

4.32

4.25

+0.07

Martin ratioReturn relative to average drawdown

16.35

16.00

+0.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WLDS.L vs. IWDA.L - Sharpe Ratio Comparison

The current WLDS.L Sharpe Ratio is 2.67, which is comparable to the IWDA.L Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of WLDS.L and IWDA.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.

Loading charts...

Sharpe Ratios by Period

WLDS.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.67

2.33

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.90

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.86

-0.30

Drawdowns

WLDS.L vs. IWDA.L - Drawdown Comparison

The maximum WLDS.L drawdown since its inception was -33.26%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for WLDS.L and IWDA.L.

Loading charts...

Drawdown Indicators

WLDS.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.26%

-26.18%

-7.08%

Max Drawdown (1Y)

Largest decline over 1 year

-7.78%

-6.37%

-1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-21.55%

-18.91%

-2.64%

Max Drawdown (5Y)

Largest decline over 5 years

-21.55%

-18.91%

-2.64%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.18%

—

Current Drawdown

Current decline from peak

0.00%

-0.07%

+0.07%

Average Drawdown

Average peak-to-trough decline

-6.36%

-3.39%

-2.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

1.70%

+0.36%

Volatility

WLDS.L vs. IWDA.L - Volatility Comparison

iShares MSCI World Small Cap UCITS ETF (WLDS.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 3.41% and 3.39%, 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.

Loading charts...

Volatility by Period

WLDS.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.41%

3.39%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.29%

8.83%

+0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

12.58%

11.60%

+0.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.53%

14.49%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.29%

15.51%

+1.78%

WLDS.L vs. IWDA.L - Expense Ratio Comparison

WLDS.L has a 0.35% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

WLDS.L vs. IWDA.L - Dividend Comparison

Neither WLDS.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

WLDS.L and IWDA.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for WLDS.L.

WLDS.L is categorized as Small Cap Blend Equities, while IWDA.L is Global Equities. WLDS.L tracks MSCI World Small Cap Inde, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.35% for WLDS.L and 0.20% for IWDA.L.

Portfolio Optimizer

Find the right allocation for WLDS.L and IWDA.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