WLDS.L vs. XDEV.L

Last updated Jun 14, 2026

WLDS.L (iShares MSCI World Small Cap UCITS ETF) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both exchange-traded funds - WLDS.L is a Small Cap Blend Equities fund tracking the MSCI World Small Cap Inde, while XDEV.L is a Global Equities fund tracking the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, WLDS.L returned 8.13%/yr vs 17.37%/yr for XDEV.L. Their correlation of 0.81 suggests significant overlap in exposure. WLDS.L charges 0.35%/yr vs 0.25%/yr for XDEV.L.

Performance

WLDS.L vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WLDS.L is traded in GBP, while XDEV.L is traded in GBp. To make them comparable, the XDEV.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 15.41% return, which is significantly lower than XDEV.L's 33.62% return.

WLDS.L

• 1D: 2.23%
• 1M: 3.04%
• YTD: 15.41%
• 6M: 14.39%
• 1Y: 34.08%
• 3Y*: 14.50%
• 5Y*: 8.13%
• 10Y*: —

XDEV.L

• 1D: 2.93%
• 1M: 5.21%
• YTD: 33.62%
• 6M: 34.40%
• 1Y: 65.03%
• 3Y*: 25.79%
• 5Y*: 17.37%
• 10Y*: 13.61%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WLDS.L iShares MSCI World Small Cap UCITS ETF	15.41%	11.75%	8.63%	11.26%	-8.89%	16.71%	12.54%	20.41%	-31.05%
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C	33.62%	30.51%	6.79%	13.25%	1.01%	21.67%	-6.88%	14.56%	-1.16%

Correlation

The correlation between WLDS.L and XDEV.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.81

The correlation between WLDS.L and XDEV.L has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

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

Sectors	WLDS.L	XDEV.L
Industrials	19.7%	11.4%
Technology	16.0%	33.9%
Financial Services	13.2%	14.8%
Consumer Cyclical	10.6%	7.9%
Healthcare	10.0%	8.8%
Real Estate	8.0%	1.8%
Basic Materials	8.0%	3.0%
Energy	4.8%	3.8%
Consumer Defensive	3.8%	4.5%
Communication Services	3.2%	7.5%
Utilities	2.7%	2.6%

Return for Risk

WLDS.L vs. XDEV.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: 87
WLDS.L Sharpe Ratio Rank: 89
WLDS.L Sortino Ratio Rank: 90
WLDS.L Omega Ratio Rank: 86
WLDS.L Calmar Ratio Rank: 86
WLDS.L Martin Ratio Rank: 86

XDEV.L

XDEV.L Risk / Return Rank: 97
XDEV.L Sharpe Ratio Rank: 98
XDEV.L Sortino Ratio Rank: 97
XDEV.L Omega Ratio Rank: 97
XDEV.L Calmar Ratio Rank: 97
XDEV.L Martin Ratio Rank: 96

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. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

	WLDS.L	XDEV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.58	4.59	-2.01
Sortino ratio: Return per unit of downside risk	3.66	6.18	-2.52
Omega ratio: Gain probability vs. loss probability	1.46	1.86	-0.41
Calmar ratio: Return relative to maximum drawdown	4.23	9.23	-5.00
Martin ratio: Return relative to average drawdown	15.95	34.04	-18.10

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

The current WLDS.L Sharpe Ratio is 2.58, which is lower than the XDEV.L Sharpe Ratio of 4.59. The chart below compares the historical Sharpe Ratios of WLDS.L and XDEV.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

WLDS.L vs. XDEV.L - Drawdown Comparison

The maximum WLDS.L drawdown since its inception was -43.18%, smaller than the maximum XDEV.L drawdown of -45.89%. Use the drawdown chart below to compare losses from any high point for WLDS.L and XDEV.L.

Drawdown Indicators

	WLDS.L	XDEV.L	Difference
Max Drawdown Largest peak-to-trough decline	-43.18%	-45.89%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.86%	-6.92%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-21.53%	-19.90%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	-19.90%	-1.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.20%	—
Current Drawdown Current decline from peak	0.00%	-1.55%	+1.55%
Average Drawdown Average peak-to-trough decline	-12.28%	-15.37%	+3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.88%	+0.21%

Volatility

WLDS.L vs. XDEV.L - Volatility Comparison

The current volatility for iShares MSCI World Small Cap UCITS ETF (WLDS.L) is 4.13%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 6.29%. This indicates that WLDS.L experiences smaller price fluctuations and is considered to be less risky than XDEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WLDS.L	XDEV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	6.29%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	11.62%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	13.92%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	18.96%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.45%	20.98%	+1.47%

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

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

Dividends

WLDS.L vs. XDEV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

WLDS.L and XDEV.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XDEV.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 XDEV.L?

XDEV.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 XDEV.L?

WLDS.L is categorized as Small Cap Blend Equities, while XDEV.L is Global Equities. WLDS.L tracks MSCI World Small Cap Inde, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.35% for WLDS.L and 0.25% for XDEV.L.