WLDS.L vs. RTYS.L

Last updated Jun 5, 2026

WLDS.L (iShares MSCI World Small Cap UCITS ETF) and RTYS.L (Invesco Russell 2000 UCITS ETF) are both Small Cap Blend Equities funds - WLDS.L tracks the MSCI World Small Cap Inde while RTYS.L tracks the Russell 2000 TR USD. Both are passively managed. Over the past 5 years, WLDS.L returned 8.23%/yr vs 7.34%/yr for RTYS.L. Their correlation of 0.91 suggests significant overlap in exposure. WLDS.L charges 0.35%/yr vs 0.25%/yr for RTYS.L.

Performance

WLDS.L vs. RTYS.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 Invesco Russell 2000 UCITS ETF (RTYS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WLDS.L is traded in GBP, while RTYS.L is traded in USD. To make them comparable, the RTYS.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 lower than RTYS.L's 18.32% 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*: —

RTYS.L

• 1D: 1.12%
• 1M: 4.38%
• YTD: 18.32%
• 6M: 15.75%
• 1Y: 42.51%
• 3Y*: 15.73%
• 5Y*: 7.34%
• 10Y*: 11.48%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
RTYS.L Invesco Russell 2000 UCITS ETF	18.32%	4.49%	12.01%	12.96%	-11.62%	15.05%	16.37%	19.87%	-2.28%

Correlation

The correlation between WLDS.L and RTYS.L is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018	0.91

The correlation between WLDS.L and RTYS.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

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

Sectors	WLDS.L	RTYS.L
Industrials	20.5%	17.7%
Technology	15.2%	17.0%
Financial Services	13.3%	15.8%
Consumer Cyclical	10.6%	8.4%
Healthcare	9.5%	16.5%
Basic Materials	8.2%	4.8%
Real Estate	8.0%	6.1%
Energy	5.0%	6.1%
Consumer Defensive	3.9%	2.4%
Communication Services	3.0%	2.4%
Utilities	2.8%	2.9%

Return for Risk

WLDS.L vs. RTYS.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: 83
WLDS.L Sharpe Ratio Rank: 83
WLDS.L Sortino Ratio Rank: 84
WLDS.L Omega Ratio Rank: 80
WLDS.L Calmar Ratio Rank: 83
WLDS.L Martin Ratio Rank: 82

RTYS.L

RTYS.L Risk / Return Rank: 69
RTYS.L Sharpe Ratio Rank: 67
RTYS.L Sortino Ratio Rank: 69
RTYS.L Omega Ratio Rank: 62
RTYS.L Calmar Ratio Rank: 77
RTYS.L Martin Ratio Rank: 69

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. RTYS.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 Invesco Russell 2000 UCITS ETF (RTYS.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.L	RTYS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	2.32	+0.35
Sortino ratio: Return per unit of downside risk	3.75	3.11	+0.64
Omega ratio: Gain probability vs. loss probability	1.48	1.39	+0.09
Calmar ratio: Return relative to maximum drawdown	4.32	4.75	-0.43
Martin ratio: Return relative to average drawdown	16.35	14.08	+2.27
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. RTYS.L - Sharpe Ratio Comparison

The current WLDS.L Sharpe Ratio is 2.67, which is comparable to the RTYS.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of WLDS.L and RTYS.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.

Sharpe Ratios by Period

	WLDS.L	RTYS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	2.32	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.35	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.63	-0.07

Drawdowns

WLDS.L vs. RTYS.L - Drawdown Comparison

The maximum WLDS.L drawdown since its inception was -33.26%, smaller than the maximum RTYS.L drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for WLDS.L and RTYS.L.

Drawdown Indicators

	WLDS.L	RTYS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-35.47%	+2.21%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-8.92%	+1.14%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-30.13%	+8.58%
Max Drawdown (5Y) Largest decline over 5 years	-21.55%	-30.13%	+8.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.47%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.36%	-8.04%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.01%	-0.95%

Volatility

WLDS.L vs. RTYS.L - Volatility Comparison

The current volatility for iShares MSCI World Small Cap UCITS ETF (WLDS.L) is 3.41%, while Invesco Russell 2000 UCITS ETF (RTYS.L) has a volatility of 6.05%. This indicates that WLDS.L experiences smaller price fluctuations and is considered to be less risky than RTYS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLDS.L	RTYS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	6.05%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	13.15%	-3.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	18.21%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	21.20%	-5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	21.72%	-4.43%

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

WLDS.L has a 0.35% expense ratio, which is higher than RTYS.L's 0.25% expense ratio.

Dividends

WLDS.L vs. RTYS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WLDS.L and RTYS.L in my portfolio?

With a correlation of 0.91, WLDS.L and RTYS.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.

Which ETF is better, WLDS.L or RTYS.L?

On fees, RTYS.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WLDS.L or RTYS.L?

RTYS.L is cheaper with a 0.25% expense ratio, compared with 0.35% for WLDS.L.

What is the main difference between WLDS.L and RTYS.L?

WLDS.L tracks MSCI World Small Cap Inde, while RTYS.L tracks Russell 2000 TR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.35% for WLDS.L and 0.25% for RTYS.L.