WSML.L vs. WOSC.L

Last updated Jun 4, 2026

WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) and WOSC.L (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds - WSML.L tracks the MSCI World Small Cap Index while WOSC.L tracks the MSCI ACWI SMID NR USD. Both are passively managed. Over the past 5 years, WSML.L returned 6.95%/yr vs 6.76%/yr for WOSC.L. Their correlation of 0.92 suggests significant overlap in exposure. WSML.L charges 0.35%/yr vs 0.45%/yr for WOSC.L.

Performance

WSML.L vs. WOSC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) and SPDR MSCI World Small Cap UCITS ETF (WOSC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with WSML.L having a 13.77% return and WOSC.L slightly lower at 13.30%.

WSML.L

• 1D: -0.41%
• 1M: 3.09%
• YTD: 13.77%
• 6M: 15.69%
• 1Y: 32.37%
• 3Y*: 17.80%
• 5Y*: 6.95%
• 10Y*: —

WOSC.L

• 1D: -0.50%
• 1M: 3.67%
• YTD: 13.30%
• 6M: 15.35%
• 1Y: 32.12%
• 3Y*: 17.64%
• 5Y*: 6.76%
• 10Y*: 10.13%

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

WSML.L vs. WOSC.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%
WOSC.L SPDR MSCI World Small Cap UCITS ETF	13.30%	20.20%	7.59%	15.76%	-18.52%	15.21%	15.67%	26.98%	-14.02%

Correlation

The correlation between WSML.L and WOSC.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018	0.92

The correlation between WSML.L and WOSC.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

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

Sectors	WSML.L	WOSC.L
Industrials	20.5%	20.5%
Financial Services	13.5%	13.6%
Technology	13.5%	13.4%
Consumer Cyclical	10.9%	10.9%
Healthcare	9.6%	9.5%
Basic Materials	8.2%	8.2%
Real Estate	8.2%	8.2%
Energy	5.5%	5.6%
Consumer Defensive	4.1%	4.2%
Communication Services	3.0%	3.0%
Utilities	2.9%	2.8%

Return for Risk

WSML.L vs. WOSC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WSML.L

WSML.L Risk / Return Rank: 67
WSML.L Sharpe Ratio Rank: 64
WSML.L Sortino Ratio Rank: 71
WSML.L Omega Ratio Rank: 62
WSML.L Calmar Ratio Rank: 71
WSML.L Martin Ratio Rank: 69

WOSC.L

WOSC.L Risk / Return Rank: 79
WOSC.L Sharpe Ratio Rank: 79
WOSC.L Sortino Ratio Rank: 80
WOSC.L Omega Ratio Rank: 77
WOSC.L Calmar Ratio Rank: 80
WOSC.L Martin Ratio Rank: 81

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.

WSML.L vs. WOSC.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 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.

	WSML.L	WOSC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.19	2.26	-0.07
Sortino ratio: Return per unit of downside risk	3.28	3.36	-0.07
Omega ratio: Gain probability vs. loss probability	1.38	1.39	0.00
Calmar ratio: Return relative to maximum drawdown	3.57	3.54	+0.03
Martin ratio: Return relative to average drawdown	13.00	12.86	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSML.L vs. WOSC.L - Sharpe Ratio Comparison

The current WSML.L Sharpe Ratio is 2.19, which is comparable to the WOSC.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of WSML.L and WOSC.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

	WSML.L	WOSC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	2.26	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.37	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.43	+0.04

Drawdowns

WSML.L vs. WOSC.L - Drawdown Comparison

The maximum WSML.L drawdown since its inception was -41.14%, roughly equal to the maximum WOSC.L drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for WSML.L and WOSC.L.

Drawdown Indicators

	WSML.L	WOSC.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.14%	-42.76%	+1.62%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-9.03%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-20.10%	-20.19%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-30.50%	-31.13%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.76%	—
Current Drawdown Current decline from peak	-0.41%	-0.50%	+0.09%
Average Drawdown Average peak-to-trough decline	-8.80%	-7.26%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.49%	-0.01%

Volatility

WSML.L vs. WOSC.L - Volatility Comparison

iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) has a higher volatility of 4.42% compared to SPDR MSCI World Small Cap UCITS ETF (WOSC.L) at 4.19%. This indicates that WSML.L's price experiences larger fluctuations and is considered to be riskier than WOSC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSML.L	WOSC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	4.19%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	10.49%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.75%	14.17%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.48%	18.12%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.60%	22.16%	-2.56%

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

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

Dividends

WSML.L vs. WOSC.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.94, WSML.L and WOSC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, WSML.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, WSML.L or WOSC.L?

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

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

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