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WLDS.L vs. SWSBX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WLDS.L vs. SWSBX

Last updated Jun 21, 2026

WLDS.L (iShares MSCI World Small Cap UCITS ETF) and SWSBX (Schwab Short-Term Bond Index Fund) are both funds - WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde, while SWSBX is a Short-Term Bond fund tracking the Bloomberg US Government/Credit 1-5 Year Index. Both are passively managed. Over the past 5 years, WLDS.L returned 8.69%/yr vs 2.19%/yr for SWSBX. At a 0.02 correlation, their price movements are largely independent. WLDS.L charges 0.35%/yr vs 0.06%/yr for SWSBX.

Performance

WLDS.L vs. SWSBX - 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 Schwab Short-Term Bond Index Fund (SWSBX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WLDS.L is traded in GBP, while SWSBX is traded in USD. To make them comparable, the SWSBX 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 17.04% return, which is significantly higher than SWSBX's 2.13% return.

WLDS.L

1D
0.13%
1M
5.61%
YTD
17.04%
6M
16.18%
1Y
35.51%
3Y*
15.93%
5Y*
8.69%
10Y*
—

SWSBX

1D
0.70%
1M
1.91%
YTD
2.13%
6M
1.75%
1Y
5.18%
3Y*
3.18%
5Y*
2.19%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WLDS.L vs. SWSBX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
WLDS.L
iShares MSCI World Small Cap UCITS ETF		17.04%11.75%8.63%11.26%-8.89%16.71%12.54%20.41%-31.05%
SWSBX
Schwab Short-Term Bond Index Fund		2.13%-1.49%5.22%-1.25%5.30%-0.34%1.40%0.96%14.07%

Correlation

The correlation between WLDS.L and SWSBX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

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

0.04

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

-0.04

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2018

0.02

Compare stocks, funds, or ETFs

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iShares MSCI World Small Cap UCITS ETF

Schwab Short-Term Bond Index Fund

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. XRSG.L
Often compared with SWSBX:
SWSBX vs. SWAGXSWSBX vs. SGOVSWSBX vs. SWRSXSWSBX vs. BNDWSWSBX vs. GSSRXSWSBX vs. LALDXSWSBX vs. FZOMX

Return for Risk

WLDS.L vs. SWSBX — 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: 8888
Overall Rank
WLDS.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
WLDS.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
WLDS.L Omega Ratio Rank: 8787
Omega Ratio Rank
WLDS.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
WLDS.L Martin Ratio Rank: 8686
Martin Ratio Rank
SWSBX
SWSBX Risk / Return Rank: 4040
Overall Rank
SWSBX Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
SWSBX Sortino Ratio Rank: 4747
Sortino Ratio Rank
SWSBX Omega Ratio Rank: 4343
Omega Ratio Rank
SWSBX Calmar Ratio Rank: 4040
Calmar Ratio Rank
SWSBX Martin Ratio Rank: 3333
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. SWSBX - 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 Schwab Short-Term Bond Index Fund (SWSBX). 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.

WLDS.LSWSBXDifference
Sharpe ratioReturn per unit of total volatility
2.84
0.83

+2.01

Sortino ratioReturn per unit of downside risk
3.99
1.24

+2.76

Omega ratioGain probability vs. loss probability

1.51

1.15

+0.36

Calmar ratioReturn relative to maximum drawdown

4.62

0.94

+3.68

Martin ratioReturn relative to average drawdown

17.43

2.57

+14.86

WLDS.L vs. SWSBX - Sharpe Ratio Comparison

The current WLDS.L Sharpe Ratio is 2.84, which is higher than the SWSBX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of WLDS.L and SWSBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WLDS.L vs. SWSBX - Drawdown Comparison

The maximum WLDS.L drawdown since its inception was -43.18%, which is greater than SWSBX's maximum drawdown of -16.76%. Use the drawdown chart below to compare losses from any high point for WLDS.L and SWSBX.

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Drawdown Indicators

WLDS.LSWSBXDifference

Max Drawdown

Largest peak-to-trough decline

-43.18%

-16.76%

-26.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.86%

-5.44%

-2.42%

Max Drawdown (3Y)

Largest decline over 3 years

-21.53%

-8.51%

-13.02%

Max Drawdown (5Y)

Largest decline over 5 years

-21.53%

-16.15%

-5.38%

Current Drawdown

Current decline from peak

0.00%

-6.37%

+6.37%

Average Drawdown

Average peak-to-trough decline

-12.25%

-8.78%

-3.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

1.99%

+0.10%

Volatility

WLDS.L vs. SWSBX - Volatility Comparison

iShares MSCI World Small Cap UCITS ETF (WLDS.L) has a higher volatility of 3.56% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 1.13%. This indicates that WLDS.L's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WLDS.LSWSBXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.56%

1.13%

+2.43%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

4.79%

+4.89%

Volatility (1Y)

Calculated over the trailing 1-year period

12.87%

6.18%

+6.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.30%

8.14%

+12.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.43%

8.42%

+14.01%

WLDS.L vs. SWSBX - Expense Ratio Comparison

WLDS.L has a 0.35% expense ratio, which is higher than SWSBX's 0.06% expense ratio.

Dividends

WLDS.L vs. SWSBX - Dividend Comparison

WLDS.L has not paid dividends to shareholders, while SWSBX's dividend yield for the trailing twelve months is around 4.14%.

PositionTTM202520242023202220212020201920182017
SWSBX
Schwab Short-Term Bond Index Fund		4.14%4.09%3.66%2.36%1.11%0.97%1.82%2.41%2.12%1.56%
WLDS.L
iShares MSCI World Small Cap UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

WLDS.L and SWSBX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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