WSML.L vs. IBTA.L
WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) and IBTA.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - WSML.L is a Global Equities fund tracking the MSCI World Small Cap Index, while IBTA.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, WSML.L returned 6.95%/yr vs 1.84%/yr for IBTA.L. At a 0.01 correlation, their price movements are largely independent. WSML.L charges 0.35%/yr vs 0.07%/yr for IBTA.L.
Performance
WSML.L vs. IBTA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WSML.L achieves a 13.77% return, which is significantly higher than IBTA.L's 0.32% return.
WSML.L
- 1D
- -0.41%
- 1M
- 3.09%
- YTD
- 13.77%
- 6M
- 15.69%
- 1Y
- 32.37%
- 3Y*
- 17.80%
- 5Y*
- 6.95%
- 10Y*
- —
IBTA.L
- 1D
- -0.10%
- 1M
- -0.03%
- YTD
- 0.32%
- 6M
- 0.82%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.84%
- 10Y*
- —
WSML.L vs. IBTA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WSML.L iShares MSCI World Small Cap UCITS ETF USD (Acc) | 13.77% | 19.94% | 7.40% | 17.06% | -18.62% | 15.23% | 16.50% | 24.35% | -12.64% |
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.32% | 5.30% | 4.11% | 4.15% | -3.75% | -0.64% | 3.14% | 3.58% | 1.63% |
Correlation
The correlation between WSML.L and IBTA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.01 |
Over the past year, WSML.L and IBTA.L have become more correlated (0.26) than their long-term average of 0.01, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WSML.L vs. IBTA.L — Risk / Return Rank
WSML.L
IBTA.L
WSML.L vs. IBTA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.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.
| WSML.L | IBTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.59 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.65 | -1.08 |
| Martin ratioReturn relative to average drawdown | 13.00 | 17.57 | -4.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WSML.L | IBTA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.82 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.92 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.08 | -0.61 |
Drawdowns
WSML.L vs. IBTA.L - Drawdown Comparison
The maximum WSML.L drawdown since its inception was -41.14%, which is greater than IBTA.L's maximum drawdown of -5.80%. Use the drawdown chart below to compare losses from any high point for WSML.L and IBTA.L.
Loading charts...
Drawdown Indicators
| WSML.L | IBTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -5.80% | -35.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -0.74% | -8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -0.89% | -19.21% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -5.70% | -24.80% |
Current DrawdownCurrent decline from peak | -0.41% | -0.27% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -0.97% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.20% | +2.28% |
Volatility
WSML.L vs. IBTA.L - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) has a higher volatility of 4.42% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) at 0.41%. This indicates that WSML.L's price experiences larger fluctuations and is considered to be riskier than IBTA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WSML.L | IBTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.41% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 0.85% | +10.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 1.22% | +13.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 2.00% | +16.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 1.76% | +17.84% |
WSML.L vs. IBTA.L - Expense Ratio Comparison
WSML.L has a 0.35% expense ratio, which is higher than IBTA.L's 0.07% expense ratio.
Dividends
WSML.L vs. IBTA.L - Dividend Comparison
Neither WSML.L nor IBTA.L has paid dividends to shareholders.
Frequently Asked Questions
WSML.L and IBTA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTA.L is cheaper with a 0.07% expense ratio, compared with 0.35% for WSML.L.
WSML.L is categorized as Global Equities, while IBTA.L is Government Bonds. WSML.L tracks MSCI World Small Cap Index, while IBTA.L tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.35% for WSML.L and 0.07% for IBTA.L.
Find the right allocation for WSML.L and IBTA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer