WSML.L vs. ZPRS.DE
WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds - WSML.L tracks the MSCI World Small Cap Index while ZPRS.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, WSML.L returned 6.95%/yr vs 6.76%/yr for ZPRS.DE. Their correlation of 0.92 suggests significant overlap in exposure. WSML.L charges 0.35%/yr vs 0.45%/yr for ZPRS.DE.
Performance
WSML.L vs. ZPRS.DE - Performance Comparison
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Different Trading Currencies
WSML.L is traded in USD, while ZPRS.DE is traded in EUR. To make them comparable, the ZPRS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSML.L achieves a 13.77% return, which is significantly higher than ZPRS.DE's 12.79% 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*
- —
ZPRS.DE
- 1D
- -0.51%
- 1M
- 3.70%
- YTD
- 12.79%
- 6M
- 15.42%
- 1Y
- 32.19%
- 3Y*
- 17.67%
- 5Y*
- 6.76%
- 10Y*
- 10.08%
WSML.L vs. ZPRS.DE - 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% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 12.79% | 21.21% | 7.28% | 16.12% | -18.62% | 15.24% | 15.70% | 27.46% | -14.47% |
Correlation
The correlation between WSML.L and ZPRS.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2018 | 0.92 |
The correlation between WSML.L and ZPRS.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
WSML.L vs. ZPRS.DE — Risk / Return Rank
WSML.L
ZPRS.DE
WSML.L vs. ZPRS.DE - 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 (ZPRS.DE). 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 | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.51 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.00 | 12.73 | +0.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WSML.L | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.18 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.37 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.50 | -0.04 |
Drawdowns
WSML.L vs. ZPRS.DE - Drawdown Comparison
The maximum WSML.L drawdown since its inception was -41.14%, roughly equal to the maximum ZPRS.DE drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for WSML.L and ZPRS.DE.
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Drawdown Indicators
| WSML.L | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -40.97% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -9.12% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -20.10% | -21.32% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -30.69% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.97% | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.51% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -7.39% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.52% | -0.04% |
Volatility
WSML.L vs. ZPRS.DE - Volatility Comparison
iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) have volatilities of 4.42% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSML.L | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.43% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 10.65% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 14.69% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 18.27% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 18.33% | +1.27% |
WSML.L vs. ZPRS.DE - Expense Ratio Comparison
WSML.L has a 0.35% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
WSML.L vs. ZPRS.DE - Dividend Comparison
Neither WSML.L nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, WSML.L and ZPRS.DE 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.
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.
WSML.L is cheaper with a 0.35% expense ratio, compared with 0.45% for ZPRS.DE.
WSML.L tracks MSCI World Small Cap Index, while ZPRS.DE tracks MSCI World Small Cap. They also come from different issuers: iShares and State Street. Their fees differ too: 0.35% for WSML.L and 0.45% for ZPRS.DE.
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