WOSC.L vs. WMVG.L

Last updated Jun 5, 2026

WOSC.L (SPDR MSCI World Small Cap UCITS ETF) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds - WOSC.L tracks the MSCI ACWI SMID NR USD while WMVG.L tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, WOSC.L returned 8.02%/yr vs 6.17%/yr for WMVG.L. A 0.60 correlation means they provide meaningful diversification when combined. WOSC.L charges 0.45%/yr vs 0.35%/yr for WMVG.L.

Performance

WOSC.L vs. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WOSC.L achieves a 14.25% return, which is significantly higher than WMVG.L's 1.31% 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%

WMVG.L

• 1D: 0.09%
• 1M: 1.16%
• YTD: 1.31%
• 6M: 1.93%
• 1Y: 2.81%
• 3Y*: 9.78%
• 5Y*: 6.17%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WOSC.L SPDR MSCI World Small Cap UCITS ETF	14.25%	11.76%	9.41%	9.96%	-8.76%	16.26%	12.23%	10.68%
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)	1.31%	9.08%	14.49%	7.33%	-8.31%	16.96%	-1.30%	11.65%

Correlation

The correlation between WOSC.L and WMVG.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 1, 2019	0.60

Over the past year, the correlation between WOSC.L and WMVG.L has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

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

Sectors	WOSC.L	WMVG.L
Industrials	20.5%	9.2%
Financial Services	13.6%	14.0%
Technology	13.4%	20.1%
Consumer Cyclical	10.9%	5.6%
Healthcare	9.5%	13.8%
Basic Materials	8.2%	1.1%
Real Estate	8.2%	0.7%
Energy	5.6%	4.5%
Consumer Defensive	4.2%	10.9%
Communication Services	3.0%	12.1%
Utilities	2.8%	8.0%

Return for Risk

WOSC.L vs. WMVG.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: 82
WOSC.L Sharpe Ratio Rank: 82
WOSC.L Sortino Ratio Rank: 83
WOSC.L Omega Ratio Rank: 80
WOSC.L Calmar Ratio Rank: 82
WOSC.L Martin Ratio Rank: 82

WMVG.L

WMVG.L Risk / Return Rank: 15
WMVG.L Sharpe Ratio Rank: 15
WMVG.L Sortino Ratio Rank: 14
WMVG.L Omega Ratio Rank: 14
WMVG.L Calmar Ratio Rank: 16
WMVG.L Martin Ratio Rank: 16

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. WMVG.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 Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.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	WMVG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.62	0.39	+2.24
Sortino ratio: Return per unit of downside risk	3.65	0.59	+3.06
Omega ratio: Gain probability vs. loss probability	1.47	1.07	+0.40
Calmar ratio: Return relative to maximum drawdown	4.26	0.56	+3.70
Martin ratio: Return relative to average drawdown	16.37	1.40	+14.97
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. WMVG.L - Sharpe Ratio Comparison

The current WOSC.L Sharpe Ratio is 2.62, which is higher than the WMVG.L Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of WOSC.L and WMVG.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

	WOSC.L	WMVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	0.39	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.62	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.55	-0.02

Drawdowns

WOSC.L vs. WMVG.L - Drawdown Comparison

The maximum WOSC.L drawdown since its inception was -36.13%, which is greater than WMVG.L's maximum drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for WOSC.L and WMVG.L.

Drawdown Indicators

	WOSC.L	WMVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.13%	-28.25%	-7.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-4.99%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-21.43%	-9.09%	-12.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.43%	-15.18%	-6.25%
Max Drawdown (10Y) Largest decline over 10 years	-36.13%	—	—
Current Drawdown Current decline from peak	0.00%	-3.21%	+3.21%
Average Drawdown Average peak-to-trough decline	-5.45%	-4.12%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.01%	+0.03%

Volatility

WOSC.L vs. WMVG.L - Volatility Comparison

SPDR MSCI World Small Cap UCITS ETF (WOSC.L) has a higher volatility of 3.44% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.13%. This indicates that WOSC.L's price experiences larger fluctuations and is considered to be riskier than WMVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WOSC.L	WMVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	2.13%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	5.03%	+4.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	7.21%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	9.95%	+5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	12.14%	+8.74%

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

WOSC.L has a 0.45% expense ratio, which is higher than WMVG.L's 0.35% expense ratio.

Dividends

WOSC.L vs. WMVG.L - Dividend Comparison

Neither WOSC.L nor WMVG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WOSC.L and WMVG.L in my portfolio?

WOSC.L and WMVG.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WOSC.L or WMVG.L?

On fees, WMVG.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WOSC.L or WMVG.L?

WMVG.L is cheaper with a 0.35% expense ratio, compared with 0.45% for WOSC.L.

What is the main difference between WOSC.L and WMVG.L?

WOSC.L tracks MSCI ACWI SMID NR USD, while WMVG.L tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for WOSC.L and 0.35% for WMVG.L.