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

WOSC.L vs. ISWD.L

Last updated Jun 5, 2026

WOSC.L (SPDR MSCI World Small Cap UCITS ETF) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - WOSC.L tracks the MSCI ACWI SMID NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, WOSC.L returned 10.89%/yr vs 12.58%/yr for ISWD.L. Their correlation of 0.84 suggests significant overlap in exposure. WOSC.L charges 0.45%/yr vs 0.60%/yr for ISWD.L.

Performance

WOSC.L vs. ISWD.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 iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

WOSC.L is traded in GBP, while ISWD.L is traded in GBp. To make them comparable, the ISWD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, WOSC.L achieves a 14.25% return, which is significantly lower than ISWD.L's 20.06% return. Over the past 10 years, WOSC.L has underperformed ISWD.L with an annualized return of 10.89%, while ISWD.L has yielded a comparatively higher 12.58% 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%

ISWD.L

1D
-0.25%
1M
9.64%
YTD
20.06%
6M
20.12%
1Y
38.63%
3Y*
15.87%
5Y*
13.67%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WOSC.L vs. ISWD.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%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.06%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%

Correlation

The correlation between WOSC.L and ISWD.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

0.75

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

0.79

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

0.82

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

0.84

The correlation between WOSC.L and ISWD.L has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

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

Sectors
WOSC.L
ISWD.L

Industrials

20.5%
12.9%

Financial Services

13.6%
0.0%

Technology

13.4%
42.8%

Consumer Cyclical

10.9%
6.9%

Healthcare

9.5%
10.4%

Basic Materials

8.2%
9.6%

Real Estate

8.2%
0.2%

Energy

5.6%
11.6%

Consumer Defensive

4.2%
3.7%

Communication Services

3.0%
0.4%

Utilities

2.8%
1.1%

Industrials

WOSC.L
20.5%
ISWD.L
12.9%

Financial Services

WOSC.L
13.6%
ISWD.L
0.0%

Technology

WOSC.L
13.4%
ISWD.L
42.8%

Consumer Cyclical

WOSC.L
10.9%
ISWD.L
6.9%

Healthcare

WOSC.L
9.5%
ISWD.L
10.4%

Basic Materials

WOSC.L
8.2%
ISWD.L
9.6%

Real Estate

WOSC.L
8.2%
ISWD.L
0.2%

Energy

WOSC.L
5.6%
ISWD.L
11.6%

Consumer Defensive

WOSC.L
4.2%
ISWD.L
3.7%

Communication Services

WOSC.L
3.0%
ISWD.L
0.4%

Utilities

WOSC.L
2.8%
ISWD.L
1.1%

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

iShares MSCI World Islamic UCITS ETF USD (Dist)

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 ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

WOSC.L vs. ISWD.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
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
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. ISWD.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 MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.62
3.40

-0.77

Sortino ratioReturn per unit of downside risk
3.65
4.58

-0.93

Omega ratioGain probability vs. loss probability

1.47

1.63

-0.16

Calmar ratioReturn relative to maximum drawdown

4.26

6.98

-2.71

Martin ratioReturn relative to average drawdown

16.37

23.95

-7.58

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. ISWD.L - Sharpe Ratio Comparison

The current WOSC.L Sharpe Ratio is 2.62, which is comparable to the ISWD.L Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of WOSC.L and ISWD.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.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

3.40

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

1.03

-0.52

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.88

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.74

-0.20

Drawdowns

WOSC.L vs. ISWD.L - Drawdown Comparison

The maximum WOSC.L drawdown since its inception was -36.13%, which is greater than ISWD.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for WOSC.L and ISWD.L.

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Drawdown Indicators

WOSC.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.13%

-31.52%

-4.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.83%

-5.51%

-2.32%

Max Drawdown (3Y)

Largest decline over 3 years

-21.43%

-21.00%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-21.43%

-21.00%

-0.43%

Max Drawdown (10Y)

Largest decline over 10 years

-36.13%

-24.90%

-11.23%

Current Drawdown

Current decline from peak

0.00%

-0.25%

+0.25%

Average Drawdown

Average peak-to-trough decline

-5.45%

-3.60%

-1.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.61%

+0.43%

Volatility

WOSC.L vs. ISWD.L - Volatility Comparison

The current volatility for SPDR MSCI World Small Cap UCITS ETF (WOSC.L) is 3.44%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that WOSC.L experiences smaller price fluctuations and is considered to be less risky than ISWD.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.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

3.64%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.29%

8.41%

+0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

11.32%

+1.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.69%

13.27%

+2.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.88%

14.33%

+6.55%

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

WOSC.L has a 0.45% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

WOSC.L vs. ISWD.L - Dividend Comparison

WOSC.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
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 ISWD.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.

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 0.60% for ISWD.L.

WOSC.L tracks MSCI ACWI SMID NR USD, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for WOSC.L and 0.60% for ISWD.L.

Portfolio Optimizer

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