WOSC.L vs. ERN1.L
WOSC.L (SPDR MSCI World Small Cap UCITS ETF) and ERN1.L (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - WOSC.L is a Global Equities fund tracking the MSCI ACWI SMID NR USD, while ERN1.L is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past 10 years, WOSC.L returned 10.99%/yr vs 7.19%/yr for ERN1.L. At a 0.08 correlation, their price movements are largely independent. WOSC.L charges 0.45%/yr vs 0.09%/yr for ERN1.L.
Performance
WOSC.L vs. ERN1.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WOSC.L achieves a 13.56% return, which is significantly higher than ERN1.L's -0.83% return. Over the past 10 years, WOSC.L has outperformed ERN1.L with an annualized return of 10.99%, while ERN1.L has yielded a comparatively lower 7.19% annualized return.
WOSC.L
- 1D
- -0.23%
- 1M
- 4.77%
- YTD
- 13.56%
- 6M
- 14.73%
- 1Y
- 33.01%
- 3Y*
- 14.72%
- 5Y*
- 7.89%
- 10Y*
- 10.99%
ERN1.L
- 1D
- 0.06%
- 1M
- 0.28%
- YTD
- -0.83%
- 6M
- -1.94%
- 1Y
- 1.46%
- 3Y*
- 20.64%
- 5Y*
- 12.05%
- 10Y*
- 7.19%
WOSC.L vs. ERN1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WOSC.L SPDR MSCI World Small Cap UCITS ETF | 13.56% | 11.76% | 9.41% | 9.96% | -8.76% | 16.26% | 12.23% | 22.09% | -9.72% | 11.06% |
ERN1.L iShares € Ultrashort Bond UCITS ETF | -0.83% | 5.12% | -4.27% | 72.37% | 5.26% | -6.83% | 5.64% | -4.76% | 0.45% | 3.37% |
Correlation
The correlation between WOSC.L and ERN1.L 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013 | 0.08 |
The correlation between WOSC.L and ERN1.L shifts across timeframes, from -0.02 (3 years) to 0.12 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WOSC.L vs. ERN1.L — Risk / Return Rank
WOSC.L
ERN1.L
WOSC.L vs. ERN1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Small Cap UCITS ETF (WOSC.L) and iShares € Ultrashort Bond UCITS ETF (ERN1.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.
| WOSC.L | ERN1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.06 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 0.43 | +3.77 |
| Martin ratioReturn relative to average drawdown | 16.10 | 0.84 | +15.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WOSC.L | ERN1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.58 | 0.33 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.36 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.30 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.40 | +0.14 |
Drawdowns
WOSC.L vs. ERN1.L - Drawdown Comparison
The maximum WOSC.L drawdown since its inception was -36.13%, which is greater than ERN1.L's maximum drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for WOSC.L and ERN1.L.
Loading charts...
Drawdown Indicators
| WOSC.L | ERN1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -11.79% | -24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -3.41% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.43% | -6.78% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.43% | -6.78% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | -11.79% | -24.34% |
Current DrawdownCurrent decline from peak | -0.42% | -2.79% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -4.52% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.74% | +0.30% |
Volatility
WOSC.L vs. ERN1.L - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (WOSC.L) has a higher volatility of 3.56% compared to iShares € Ultrashort Bond UCITS ETF (ERN1.L) at 1.19%. This indicates that WOSC.L's price experiences larger fluctuations and is considered to be riskier than ERN1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WOSC.L | ERN1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 1.19% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 2.95% | +6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 4.35% | +8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 33.29% | -17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 24.28% | -3.40% |
WOSC.L vs. ERN1.L - Expense Ratio Comparison
WOSC.L has a 0.45% expense ratio, which is higher than ERN1.L's 0.09% expense ratio.
Dividends
WOSC.L vs. ERN1.L - Dividend Comparison
Neither WOSC.L nor ERN1.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERN1.L iShares € Ultrashort Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 41.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.00% | 13.08% |
WOSC.L SPDR 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% | 0.00% | 0.00% |
Frequently Asked Questions
WOSC.L and ERN1.L 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.
On fees, ERN1.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERN1.L is cheaper with a 0.09% expense ratio, compared with 0.45% for WOSC.L.
WOSC.L is categorized as Global Equities, while ERN1.L is Ultrashort Bond. WOSC.L tracks MSCI ACWI SMID NR USD, while ERN1.L tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for WOSC.L and 0.09% for ERN1.L.
Find the right allocation for WOSC.L and ERN1.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