WRDA.L vs. WOSC.L
WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) and WOSC.L (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds - WRDA.L tracks the MSCI World Index while WOSC.L tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past year, WRDA.L returned 26.06% vs 34.30% for WOSC.L. A 0.79 correlation means they provide meaningful diversification when combined. WRDA.L charges 0.06%/yr vs 0.45%/yr for WOSC.L.
Performance
WRDA.L vs. WOSC.L - Performance Comparison
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Different Trading Currencies
WRDA.L is traded in GBp, while WOSC.L is traded in GBP. To make them comparable, the WOSC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WRDA.L achieves a 9.82% return, which is significantly lower than WOSC.L's 16.59% return.
WRDA.L
- 1D
- 0.00%
- 1M
- 0.79%
- YTD
- 9.82%
- 6M
- 9.92%
- 1Y
- 26.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WOSC.L
- 1D
- 0.87%
- 1M
- 4.33%
- YTD
- 16.59%
- 6M
- 16.11%
- 1Y
- 34.30%
- 3Y*
- 16.46%
- 5Y*
- 7.96%
- 10Y*
- 10.92%
WRDA.L vs. WOSC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 9.82% | 12.77% | 20.02% |
WOSC.L SPDR MSCI World Small Cap UCITS ETF | 16.59% | 11.77% | 11.92% |
Correlation
The correlation between WRDA.L and WOSC.L is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.79 |
The correlation between WRDA.L and WOSC.L has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.
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Return for Risk
WRDA.L vs. WOSC.L — Risk / Return Rank
WRDA.L
WOSC.L
WRDA.L vs. WOSC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and SPDR MSCI World Small Cap UCITS ETF (WOSC.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.
| WRDA.L | WOSC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 4.36 | -3.41 |
| Martin ratioReturn relative to average drawdown | 1.42 | 16.72 | -15.30 |
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Drawdowns
WRDA.L vs. WOSC.L - Drawdown Comparison
The maximum WRDA.L drawdown since its inception was -27.39%, smaller than the maximum WOSC.L drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for WRDA.L and WOSC.L.
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Drawdown Indicators
| WRDA.L | WOSC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -40.46% | +13.07% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -7.83% | -19.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -16.67% | -0.22% | -16.45% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -11.94% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.33% | 2.05% | +16.28% |
Volatility
WRDA.L vs. WOSC.L - Volatility Comparison
The current volatility for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) is 3.18%, while SPDR MSCI World Small Cap UCITS ETF (WOSC.L) has a volatility of 3.57%. This indicates that WRDA.L experiences smaller price fluctuations and is considered to be less risky than WOSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRDA.L | WOSC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 3.57% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.70% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.19% | 12.95% | +30.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.78% | 20.32% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 22.74% | +7.04% |
WRDA.L vs. WOSC.L - Expense Ratio Comparison
WRDA.L has a 0.06% expense ratio, which is lower than WOSC.L's 0.45% expense ratio.
Dividends
WRDA.L vs. WOSC.L - Dividend Comparison
Neither WRDA.L nor WOSC.L has paid dividends to shareholders.
Frequently Asked Questions
WRDA.L and WOSC.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.45% for WOSC.L.
WRDA.L tracks MSCI World Index, while WOSC.L tracks MSCI ACWI SMID NR USD. They also come from different issuers: UBS and State Street. Their fees differ too: 0.06% for WRDA.L and 0.45% for WOSC.L.
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