WSML vs. VWCE.DE
WSML (iShares MSCI World Small-Cap ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - WSML tracks the MSCI World Small Cap Index while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past year, WSML returned 24.16% vs 21.57% for VWCE.DE. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
WSML vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
WSML is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WSML achieves a 13.15% return, which is significantly higher than VWCE.DE's 9.68% return.
WSML
- 1D
- -0.58%
- 1M
- -2.15%
- 6M
- 6.46%
- YTD
- 13.15%
- 1Y
- 24.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 33.99%
VWCE.DE
- 1D
- 0.20%
- 1M
- -1.26%
- 6M
- 8.69%
- YTD
- 9.68%
- 1Y
- 21.57%
- 3Y*
- 18.38%
- 5Y*
- 10.80%
- 10Y*
- —
- ALL TIME*
- 12.86%
WSML vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WSML iShares MSCI World Small-Cap ETF | 13.15% | 29.10% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 9.68% | 23.70% |
Correlation
The correlation between WSML and VWCE.DE is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.63 |
The correlation between WSML and VWCE.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
WSML vs. VWCE.DE — Risk / Return Rank
WSML
VWCE.DE
WSML vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small-Cap ETF (WSML) and Vanguard FTSE All-World UCITS ETF (VWCE.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.
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.
| WSML | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.41 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.97 | 9.77 | -0.80 |
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Drawdowns
WSML vs. VWCE.DE - Drawdown Comparison
The maximum WSML drawdown since its inception was -10.70%, smaller than the maximum VWCE.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for WSML and VWCE.DE.
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Drawdown Indicators
| WSML | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -33.91% | +23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -8.91% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.11% | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.29% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -5.38% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.20% | +0.50% |
Volatility
WSML vs. VWCE.DE - Volatility Comparison
iShares MSCI World Small-Cap ETF (WSML) has a higher volatility of 3.65% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.34%. This indicates that WSML's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WSML | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.34% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.27% | 9.95% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 12.59% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 15.33% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 17.26% | +0.36% |
Dividends
WSML vs. VWCE.DE - Dividend Comparison
WSML's dividend yield for the trailing twelve months is around 2.85%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% |
WSML iShares MSCI World Small-Cap ETF | 2.85% | 2.53% |
Frequently Asked Questions
WSML and VWCE.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSML tracks MSCI World Small Cap Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard.
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