WNDU.L vs. IMID.L

Last updated Jun 5, 2026

WNDU.L (SPDR MSCI World Industrials UCITS ETF) and IMID.L (SPDR MSCI ACWI IMI) are both exchange-traded funds - WNDU.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while IMID.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, WNDU.L returned 11.43%/yr vs 10.97%/yr for IMID.L. Their correlation of 0.88 suggests significant overlap in exposure. WNDU.L charges 0.30%/yr vs 0.40%/yr for IMID.L.

Performance

WNDU.L vs. IMID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI World Industrials UCITS ETF (WNDU.L) and SPDR MSCI ACWI IMI (IMID.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WNDU.L achieves a 11.60% return, which is significantly lower than IMID.L's 12.35% return.

WNDU.L

• 1D: 0.27%
• 1M: -2.09%
• YTD: 11.60%
• 6M: 13.13%
• 1Y: 21.43%
• 3Y*: 21.53%
• 5Y*: 11.43%
• 10Y*: 12.33%

IMID.L

• 1D: 0.04%
• 1M: 2.74%
• YTD: 12.35%
• 6M: 13.42%
• 1Y: 29.62%
• 3Y*: 20.83%
• 5Y*: 10.97%
• 10Y*: —

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

WNDU.L vs. IMID.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WNDU.L SPDR MSCI World Industrials UCITS ETF	11.60%	24.98%	13.42%	22.92%	-12.69%	16.14%	11.74%	27.43%	-13.53%
IMID.L SPDR MSCI ACWI IMI	12.35%	22.16%	16.31%	21.65%	-17.64%	17.85%	16.14%	25.35%	-9.90%

Correlation

The correlation between WNDU.L and IMID.L is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 30, 2018	0.88

The correlation between WNDU.L and IMID.L has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

WNDU.L vs. IMID.L - Sectors Allocation Comparison

Sectors	WNDU.L	IMID.L
Industrials	95.1%	19.5%
Technology	3.5%	9.6%
Utilities	2.8%	3.3%
Communication Services	0.6%	3.1%
Consumer Cyclical	0.3%	9.7%
Financial Services	0.3%	13.0%
Consumer Defensive	0.1%	9.7%
Basic Materials	0.1%	8.2%
Energy	0.1%	1.6%
Real Estate	0.0%	8.0%
Healthcare	-	9.6%

Return for Risk

WNDU.L vs. IMID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WNDU.L

WNDU.L Risk / Return Rank: 41
WNDU.L Sharpe Ratio Rank: 39
WNDU.L Sortino Ratio Rank: 42
WNDU.L Omega Ratio Rank: 40
WNDU.L Calmar Ratio Rank: 39
WNDU.L Martin Ratio Rank: 45

IMID.L

IMID.L Risk / Return Rank: 75
IMID.L Sharpe Ratio Rank: 74
IMID.L Sortino Ratio Rank: 80
IMID.L Omega Ratio Rank: 75
IMID.L Calmar Ratio Rank: 70
IMID.L Martin Ratio Rank: 75

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.

WNDU.L vs. IMID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Industrials UCITS ETF (WNDU.L) and SPDR MSCI ACWI IMI (IMID.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.

	WNDU.L	IMID.L	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.37	-1.00
Sortino ratio: Return per unit of downside risk	2.10	3.52	-1.43
Omega ratio: Gain probability vs. loss probability	1.25	1.44	-0.19
Calmar ratio: Return relative to maximum drawdown	1.87	3.43	-1.56
Martin ratio: Return relative to average drawdown	7.31	14.20	-6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WNDU.L vs. IMID.L - Sharpe Ratio Comparison

The current WNDU.L Sharpe Ratio is 1.36, which is lower than the IMID.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of WNDU.L and IMID.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

	WNDU.L	IMID.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.37	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.71	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.56	+0.15

Drawdowns

WNDU.L vs. IMID.L - Drawdown Comparison

The maximum WNDU.L drawdown since its inception was -38.99%, roughly equal to the maximum IMID.L drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for WNDU.L and IMID.L.

Drawdown Indicators

	WNDU.L	IMID.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.99%	-39.56%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-8.69%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-15.33%	-17.21%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	-26.07%	-1.08%
Max Drawdown (10Y) Largest decline over 10 years	-38.99%	—	—
Current Drawdown Current decline from peak	-2.09%	-0.64%	-1.45%
Average Drawdown Average peak-to-trough decline	-5.35%	-5.40%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.11%	+0.86%

Volatility

WNDU.L vs. IMID.L - Volatility Comparison

SPDR MSCI World Industrials UCITS ETF (WNDU.L) has a higher volatility of 5.55% compared to SPDR MSCI ACWI IMI (IMID.L) at 3.74%. This indicates that WNDU.L's price experiences larger fluctuations and is considered to be riskier than IMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WNDU.L	IMID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	3.74%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	9.93%	+3.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	12.60%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	15.53%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	21.23%	-3.44%

WNDU.L vs. IMID.L - Expense Ratio Comparison

WNDU.L has a 0.30% expense ratio, which is lower than IMID.L's 0.40% expense ratio.

Dividends

WNDU.L vs. IMID.L - Dividend Comparison

Neither WNDU.L nor IMID.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WNDU.L and IMID.L in my portfolio?

WNDU.L and IMID.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WNDU.L or IMID.L?

On fees, WNDU.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WNDU.L or IMID.L?

WNDU.L is cheaper with a 0.30% expense ratio, compared with 0.40% for IMID.L.

What is the main difference between WNDU.L and IMID.L?

WNDU.L is categorized as Industrials Equities, while IMID.L is Global Equities. WNDU.L tracks MSCI World/Materials NR USD, while IMID.L tracks MSCI ACWI NR USD. Their fees differ too: 0.30% for WNDU.L and 0.40% for IMID.L.