XLFS.L vs. WFIN.L
XLFS.L (Invesco Financials S&P US Select Sector UCITS ETF Acc) and WFIN.L (State Street SPDR MSCI World Financials UCITS ETF USD Acc) are both Financials Equities funds - XLFS.L tracks the S&P® Select Sector Capped 20% Financials Index while WFIN.L tracks the State Street SPDR MSCI World Financials UCITS ETF USD Acc. Both are passively managed. Over the past 10 years, XLFS.L returned 13.21%/yr vs 13.34%/yr for WFIN.L. Their correlation of 0.83 suggests significant overlap in exposure. XLFS.L charges 0.14%/yr vs 0.30%/yr for WFIN.L.
Performance
XLFS.L vs. WFIN.L - Performance Comparison
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Returns By Period
In the year-to-date period, XLFS.L achieves a 3.57% return, which is significantly lower than WFIN.L's 8.91% return. Both investments have delivered pretty close results over the past 10 years, with XLFS.L having a 13.21% annualized return and WFIN.L not far ahead at 13.34%.
XLFS.L
- 1D
- 0.47%
- 1M
- 5.60%
- 6M
- 5.87%
- YTD
- 3.57%
- 1Y
- 10.49%
- 3Y*
- 19.82%
- 5Y*
- 10.83%
- 10Y*
- 13.21%
WFIN.L
- 1D
- -0.27%
- 1M
- 5.66%
- 6M
- 9.60%
- YTD
- 8.91%
- 1Y
- 21.36%
- 3Y*
- 24.93%
- 5Y*
- 14.81%
- 10Y*
- 13.34%
XLFS.L vs. WFIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLFS.L Invesco Financials S&P US Select Sector UCITS ETF Acc | 3.57% | 14.99% | 29.97% | 12.27% | -11.03% | 36.17% | -3.27% | 31.25% | -14.44% | 22.86% |
WFIN.L State Street SPDR MSCI World Financials UCITS ETF USD Acc | 8.91% | 29.17% | 26.82% | 16.20% | -9.85% | 28.37% | -2.96% | 24.94% | -17.34% | 23.45% |
Correlation
The correlation between XLFS.L and WFIN.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.83 |
The correlation between XLFS.L and WFIN.L shifts across timeframes, from 0.83 (all time) to 0.93 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLFS.L vs. WFIN.L — Risk / Return Rank
XLFS.L
WFIN.L
XLFS.L vs. WFIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L) and State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.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.
| XLFS.L | WFIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.98 | -1.23 |
| Martin ratioReturn relative to average drawdown | 1.84 | 6.54 | -4.70 |
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Drawdowns
XLFS.L vs. WFIN.L - Drawdown Comparison
The maximum XLFS.L drawdown since its inception was -42.76%, smaller than the maximum WFIN.L drawdown of -72.88%. Use the drawdown chart below to compare losses from any high point for XLFS.L and WFIN.L.
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Drawdown Indicators
| XLFS.L | WFIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -72.88% | +30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -11.06% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.10% | -15.69% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -27.48% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -42.76% | -43.40% | +0.64% |
Current DrawdownCurrent decline from peak | 0.00% | -0.27% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -18.23% | +10.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 3.36% | +2.34% |
Volatility
XLFS.L vs. WFIN.L - Volatility Comparison
Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L) has a higher volatility of 4.69% compared to State Street SPDR MSCI World Financials UCITS ETF USD Acc (WFIN.L) at 3.95%. This indicates that XLFS.L's price experiences larger fluctuations and is considered to be riskier than WFIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLFS.L | WFIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 3.95% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 11.52% | 11.95% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 14.60% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 17.85% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 18.87% | +1.96% |
XLFS.L vs. WFIN.L - Expense Ratio Comparison
XLFS.L has a 0.14% expense ratio, which is lower than WFIN.L's 0.30% expense ratio.
Dividends
XLFS.L vs. WFIN.L - Dividend Comparison
Neither XLFS.L nor WFIN.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, XLFS.L and WFIN.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.
On fees, XLFS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLFS.L is cheaper with a 0.14% expense ratio, compared with 0.30% for WFIN.L.
XLFS.L tracks S&P® Select Sector Capped 20% Financials Index, while WFIN.L tracks State Street SPDR MSCI World Financials UCITS ETF USD Acc. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.14% for XLFS.L and 0.30% for WFIN.L.
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