WOSC.L vs. HDGB.L
WOSC.L (SPDR MSCI World Small Cap UCITS ETF) and HDGB.L (VanEck Hydrogen Economy UCITS ETF USD (Acc)) are both exchange-traded funds - WOSC.L is a Global Equities fund tracking the MSCI ACWI SMID NR USD, while HDGB.L is a Hydrogen Economy fund tracking the MVIS Global Hydrogen Economy ESG Index. Both are passively managed. Over the past 5 years, WOSC.L returned 7.90%/yr vs -12.94%/yr for HDGB.L. A 0.65 correlation means they provide meaningful diversification when combined. WOSC.L charges 0.45%/yr vs 0.55%/yr for HDGB.L.
Performance
WOSC.L vs. HDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, WOSC.L achieves a 13.10% return, which is significantly lower than HDGB.L's 32.72% return.
WOSC.L
- 1D
- -0.78%
- 1M
- -2.52%
- 6M
- 6.68%
- YTD
- 13.10%
- 1Y
- 24.53%
- 3Y*
- 13.69%
- 5Y*
- 7.90%
- 10Y*
- 9.72%
HDGB.L
- 1D
- -1.51%
- 1M
- -13.74%
- 6M
- 14.76%
- YTD
- 32.72%
- 1Y
- 55.48%
- 3Y*
- -8.38%
- 5Y*
- -12.94%
- 10Y*
- —
WOSC.L vs. HDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WOSC.L SPDR MSCI World Small Cap UCITS ETF | 13.10% | 11.77% | 9.41% | 9.96% | -8.76% | 6.77% |
HDGB.L VanEck Hydrogen Economy UCITS ETF USD (Acc) | 32.72% | 10.07% | -28.93% | -27.71% | -31.76% | -20.01% |
Correlation
The correlation between WOSC.L and HDGB.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 | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.65 |
The correlation between WOSC.L and HDGB.L has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
WOSC.L vs. HDGB.L — Risk / Return Rank
WOSC.L
HDGB.L
WOSC.L vs. HDGB.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 VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.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.
| WOSC.L | HDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.81 | +1.31 |
| Martin ratioReturn relative to average drawdown | 11.47 | 4.15 | +7.32 |
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Drawdowns
WOSC.L vs. HDGB.L - Drawdown Comparison
The maximum WOSC.L drawdown since its inception was -40.46%, smaller than the maximum HDGB.L drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for WOSC.L and HDGB.L.
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Drawdown Indicators
| WOSC.L | HDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.46% | -80.00% | +39.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -30.53% | +22.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -63.35% | +41.91% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -80.00% | +58.56% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | — | — |
Current DrawdownCurrent decline from peak | -3.96% | -59.70% | +55.74% |
Average DrawdownAverage peak-to-trough decline | -11.89% | -51.61% | +39.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 13.34% | -11.21% |
Volatility
WOSC.L vs. HDGB.L - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (WOSC.L) is 4.33%, while VanEck Hydrogen Economy UCITS ETF USD (Acc) (HDGB.L) has a volatility of 10.38%. This indicates that WOSC.L experiences smaller price fluctuations and is considered to be less risky than HDGB.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.L | HDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 10.38% | -6.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 27.41% | -17.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.24% | 39.12% | -25.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 34.53% | -14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 34.61% | -11.87% |
WOSC.L vs. HDGB.L - Expense Ratio Comparison
WOSC.L has a 0.45% expense ratio, which is lower than HDGB.L's 0.55% expense ratio.
Dividends
WOSC.L vs. HDGB.L - Dividend Comparison
Neither WOSC.L nor HDGB.L has paid dividends to shareholders.
Frequently Asked Questions
WOSC.L and HDGB.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.
On fees, WOSC.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WOSC.L is cheaper with a 0.45% expense ratio, compared with 0.55% for HDGB.L.
WOSC.L is categorized as Global Equities, while HDGB.L is Hydrogen Economy. WOSC.L tracks MSCI ACWI SMID NR USD, while HDGB.L tracks MVIS Global Hydrogen Economy ESG Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.45% for WOSC.L and 0.55% for HDGB.L.
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