WSML vs. WAGN
WSML (iShares MSCI World Small-Cap ETF) and WAGN (Pabrai Wagons ETF) are both Global Equities funds. WSML is passively managed, while WAGN is actively managed. At a correlation of -1.00, they often move in opposite directions.
Performance
WSML vs. WAGN - Performance Comparison
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Returns By Period
WSML
- 1D
- -0.49%
- 1M
- 1.73%
- 6M
- 16.28%
- YTD
- 16.28%
- 1Y
- 28.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WAGN
- 1D
- -0.29%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WSML vs. WAGN - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
WSML iShares MSCI World Small-Cap ETF | 0.18% |
WAGN Pabrai Wagons ETF | -1.29% |
Correlation
The correlation between WSML and WAGN is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2026 | -1.00 |
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Return for Risk
WSML vs. WAGN — Risk / Return Rank
WSML
WAGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WSML vs. WAGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small-Cap ETF (WSML) and Pabrai Wagons ETF (WAGN). 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 | WAGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | — | — |
| Martin ratioReturn relative to average drawdown | 10.87 | — | — |
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Drawdowns
WSML vs. WAGN - Drawdown Comparison
The maximum WSML drawdown since its inception was -10.70%, which is greater than WAGN's maximum drawdown of -1.29%. Use the drawdown chart below to compare losses from any high point for WSML and WAGN.
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Drawdown Indicators
| WSML | WAGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.70% | -1.29% | -9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.29% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -1.15% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | — | — |
Volatility
WSML vs. WAGN - Volatility Comparison
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Volatility by Period
| WSML | WAGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.51% | 8.04% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 8.04% | +9.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 8.04% | +9.74% |
Dividends
WSML vs. WAGN - Dividend Comparison
WSML's dividend yield for the trailing twelve months is around 2.78%, while WAGN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
WAGN Pabrai Wagons ETF | 0.00% | 0.00% |
WSML iShares MSCI World Small-Cap ETF | 2.78% | 2.53% |
Frequently Asked Questions
WSML and WAGN have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSML has the higher dividend yield at 2.78%, compared with 0.00% for WAGN.
They also come from different issuers: iShares and Pabrai.
Find the right allocation for WSML and WAGN
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