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WOSC.L vs. GBDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WOSC.L vs. GBDV.L

Last updated Jun 5, 2026

WOSC.L (SPDR MSCI World Small Cap UCITS ETF) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both Global Equities funds from State Street - WOSC.L tracks the MSCI ACWI SMID NR USD while GBDV.L tracks the S&P Global Dividend Aristocrats index. Both are passively managed. Over the past 10 years, WOSC.L returned 10.89%/yr vs 7.98%/yr for GBDV.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

WOSC.L vs. GBDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI World Small Cap UCITS ETF (WOSC.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WOSC.L achieves a 14.25% return, which is significantly higher than GBDV.L's 7.03% return. Over the past 10 years, WOSC.L has outperformed GBDV.L with an annualized return of 10.89%, while GBDV.L has yielded a comparatively lower 7.98% annualized return.

WOSC.L

1D
0.61%
1M
4.16%
YTD
14.25%
6M
14.68%
1Y
33.55%
3Y*
14.89%
5Y*
8.02%
10Y*
10.89%

GBDV.L

1D
0.56%
1M
0.73%
YTD
7.03%
6M
7.39%
1Y
19.22%
3Y*
12.48%
5Y*
7.43%
10Y*
7.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WOSC.L vs. GBDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WOSC.L
SPDR MSCI World Small Cap UCITS ETF		14.25%11.76%9.41%9.96%-8.76%16.26%12.23%22.09%-9.72%11.06%
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		7.03%10.06%9.77%1.90%5.38%17.41%-11.68%16.85%-2.63%9.30%

Correlation

The correlation between WOSC.L and GBDV.L is 0.59, 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

0.59

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

0.69

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

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Dec 6, 2013

0.77

The correlation between WOSC.L and GBDV.L shifts across timeframes, from 0.59 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

WOSC.L vs. GBDV.L - Sectors Allocation Comparison

Sectors
WOSC.L
GBDV.L

Industrials

20.5%
11.5%

Financial Services

13.6%
24.9%

Technology

13.4%
2.2%

Consumer Cyclical

10.9%
2.4%

Healthcare

9.5%
4.2%

Basic Materials

8.2%
2.0%

Real Estate

8.2%
12.1%

Energy

5.6%
7.3%

Consumer Defensive

4.2%
8.0%

Communication Services

3.0%
9.5%

Utilities

2.8%
15.9%

Industrials

WOSC.L
20.5%
GBDV.L
11.5%

Financial Services

WOSC.L
13.6%
GBDV.L
24.9%

Technology

WOSC.L
13.4%
GBDV.L
2.2%

Consumer Cyclical

WOSC.L
10.9%
GBDV.L
2.4%

Healthcare

WOSC.L
9.5%
GBDV.L
4.2%

Basic Materials

WOSC.L
8.2%
GBDV.L
2.0%

Real Estate

WOSC.L
8.2%
GBDV.L
12.1%

Energy

WOSC.L
5.6%
GBDV.L
7.3%

Consumer Defensive

WOSC.L
4.2%
GBDV.L
8.0%

Communication Services

WOSC.L
3.0%
GBDV.L
9.5%

Utilities

WOSC.L
2.8%
GBDV.L
15.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR MSCI World Small Cap UCITS ETF

SPDR S&P Global Dividend Aristocrats UCITS

Often compared with WOSC.L:
WOSC.L vs. WLDS.LWOSC.L vs. IMID.LWOSC.L vs. AGT.LWOSC.L vs. VWRA.LWOSC.L vs. USSC.LWOSC.L vs. URTHWOSC.L vs. SPY
Often compared with GBDV.L:
GBDV.L vs. VHYL.ASGBDV.L vs. VHYD.LGBDV.L vs. SDIVGBDV.L vs. IUKD.LGBDV.L vs. XGSD.LGBDV.L vs. FLXX.DEGBDV.L vs. TDGB.L

Return for Risk

WOSC.L vs. GBDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WOSC.L
WOSC.L Risk / Return Rank: 8282
Overall Rank
WOSC.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
WOSC.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
WOSC.L Omega Ratio Rank: 8080
Omega Ratio Rank
WOSC.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
WOSC.L Martin Ratio Rank: 8282
Martin Ratio Rank
GBDV.L
GBDV.L Risk / Return Rank: 6565
Overall Rank
GBDV.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
GBDV.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
GBDV.L Omega Ratio Rank: 6767
Omega Ratio Rank
GBDV.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
GBDV.L Martin Ratio Rank: 5757
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.

WOSC.L vs. GBDV.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 SPDR S&P Global Dividend Aristocrats UCITS (GBDV.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.LGBDV.LDifference
Sharpe ratioReturn per unit of total volatility
2.62
2.17

+0.45

Sortino ratioReturn per unit of downside risk
3.65
3.04

+0.61

Omega ratioGain probability vs. loss probability

1.47

1.39

+0.08

Calmar ratioReturn relative to maximum drawdown

4.26

3.17

+1.10

Martin ratioReturn relative to average drawdown

16.37

9.91

+6.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WOSC.L vs. GBDV.L - Sharpe Ratio Comparison

The current WOSC.L Sharpe Ratio is 2.62, which is comparable to the GBDV.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of WOSC.L and GBDV.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.

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Sharpe Ratios by Period

WOSC.LGBDV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

2.17

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.63

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.57

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.65

-0.11

Drawdowns

WOSC.L vs. GBDV.L - Drawdown Comparison

The maximum WOSC.L drawdown since its inception was -36.13%, roughly equal to the maximum GBDV.L drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for WOSC.L and GBDV.L.

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Drawdown Indicators

WOSC.LGBDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.13%

-34.77%

-1.36%

Max Drawdown (1Y)

Largest decline over 1 year

-7.83%

-6.04%

-1.79%

Max Drawdown (3Y)

Largest decline over 3 years

-21.43%

-13.42%

-8.01%

Max Drawdown (5Y)

Largest decline over 5 years

-21.43%

-15.84%

-5.59%

Max Drawdown (10Y)

Largest decline over 10 years

-36.13%

-34.77%

-1.36%

Current Drawdown

Current decline from peak

0.00%

-1.64%

+1.64%

Average Drawdown

Average peak-to-trough decline

-5.45%

-5.16%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.93%

+0.11%

Volatility

WOSC.L vs. GBDV.L - Volatility Comparison

SPDR MSCI World Small Cap UCITS ETF (WOSC.L) has a higher volatility of 3.44% compared to SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) at 2.26%. This indicates that WOSC.L's price experiences larger fluctuations and is considered to be riskier than GBDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WOSC.LGBDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

2.26%

+1.18%

Volatility (6M)

Calculated over the trailing 6-month period

9.29%

6.52%

+2.77%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

8.81%

+3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.69%

11.74%

+3.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.88%

14.13%

+6.75%

WOSC.L vs. GBDV.L - Expense Ratio Comparison

Both WOSC.L and GBDV.L have an expense ratio of 0.45%.

Dividends

WOSC.L vs. GBDV.L - Dividend Comparison

WOSC.L has not paid dividends to shareholders, while GBDV.L's dividend yield for the trailing twelve months is around 4.50%.

PositionTTM20252024202320222021202020192018201720162015
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		4.50%4.91%4.49%4.87%5.05%4.26%4.41%4.41%5.18%4.26%4.74%5.72%
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 GBDV.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

WOSC.L and GBDV.L have the same expense ratio: 0.45% per year.

WOSC.L tracks MSCI ACWI SMID NR USD, while GBDV.L tracks S&P Global Dividend Aristocrats index.

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