WTMF vs. WSML.L
WTMF (WisdomTree Managed Futures Strategy Fund) and WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) are both exchange-traded funds - WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index, while WSML.L is a Global Equities fund tracking the MSCI World Small Cap Index. Both are passively managed. Over the past 5 years, WTMF returned 6.05%/yr vs 7.00%/yr for WSML.L. At a 0.20 correlation, their price movements are largely independent. WTMF charges 0.65%/yr vs 0.35%/yr for WSML.L.
Performance
WTMF vs. WSML.L - Performance Comparison
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Returns By Period
In the year-to-date period, WTMF achieves a 7.65% return, which is significantly lower than WSML.L's 14.98% return.
WTMF
- 1D
- 0.59%
- 1M
- -0.91%
- YTD
- 7.65%
- 6M
- 7.62%
- 1Y
- 20.55%
- 3Y*
- 9.45%
- 5Y*
- 6.05%
- 10Y*
- 3.15%
WSML.L
- 1D
- 2.86%
- 1M
- 2.45%
- YTD
- 14.98%
- 6M
- 14.98%
- 1Y
- 32.15%
- 3Y*
- 16.81%
- 5Y*
- 7.00%
- 10Y*
- —
WTMF vs. WSML.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WTMF WisdomTree Managed Futures Strategy Fund | 7.65% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | -2.75% | 1.20% |
WSML.L iShares MSCI World Small Cap UCITS ETF USD (Acc) | 14.98% | 19.95% | 7.38% | 17.11% | -18.62% | 15.23% | 16.50% | 24.35% | -11.90% |
Correlation
The correlation between WTMF and WSML.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018 | 0.20 |
Over the past year, WTMF and WSML.L have become more correlated (0.50) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
WTMF vs. WSML.L — Risk / Return Rank
WTMF
WSML.L
WTMF vs. WSML.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Managed Futures Strategy Fund (WTMF) and iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.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.
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.
| WTMF | WSML.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 3.46 | +1.58 |
| Martin ratioReturn relative to average drawdown | 21.53 | 12.61 | +8.92 |
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Drawdowns
WTMF vs. WSML.L - Drawdown Comparison
The maximum WTMF drawdown since its inception was -30.79%, smaller than the maximum WSML.L drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for WTMF and WSML.L.
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Drawdown Indicators
| WTMF | WSML.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -41.14% | +10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -9.05% | +5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | -20.10% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -30.50% | +17.29% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | — | — |
Current DrawdownCurrent decline from peak | -0.91% | 0.00% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -17.67% | -8.76% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 2.49% | -1.55% |
Volatility
WTMF vs. WSML.L - Volatility Comparison
The current volatility for WisdomTree Managed Futures Strategy Fund (WTMF) is 2.76%, while iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) has a volatility of 4.87%. This indicates that WTMF experiences smaller price fluctuations and is considered to be less risky than WSML.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTMF | WSML.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 4.87% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 11.71% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.93% | 15.07% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.51% | 18.55% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.10% | 19.58% | -11.48% |
WTMF vs. WSML.L - Expense Ratio Comparison
WTMF has a 0.65% expense ratio, which is higher than WSML.L's 0.35% expense ratio.
Dividends
WTMF vs. WSML.L - Dividend Comparison
WTMF's dividend yield for the trailing twelve months is around 2.83%, while WSML.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
WSML.L iShares MSCI World Small Cap UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.83% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
WTMF and WSML.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.65% for WTMF.
WTMF is categorized as Hedge Fund, while WSML.L is Global Equities. WTMF tracks WisdomTree Managed Futures Index, while WSML.L tracks MSCI World Small Cap Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.65% for WTMF and 0.35% for WSML.L.
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