CHTE.L vs. WRDA.L
CHTE.L (UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both exchange-traded funds - CHTE.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while WRDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, CHTE.L returned 3.36% vs 27.42% for WRDA.L. At a 0.30 correlation, their price movements are largely independent. CHTE.L charges 0.47%/yr vs 0.06%/yr for WRDA.L.
Performance
CHTE.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, CHTE.L achieves a -6.46% return, which is significantly lower than WRDA.L's 10.16% return.
CHTE.L
- 1D
- -0.73%
- 1M
- -0.78%
- YTD
- -6.46%
- 6M
- -9.87%
- 1Y
- 3.36%
- 3Y*
- 9.00%
- 5Y*
- —
- 10Y*
- —
WRDA.L
- 1D
- 0.07%
- 1M
- 5.13%
- YTD
- 10.16%
- 6M
- 10.42%
- 1Y
- 27.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHTE.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CHTE.L UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc | -6.46% | 32.47% | 32.32% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.16% | 12.77% | 20.02% |
Correlation
The correlation between CHTE.L and WRDA.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.30 |
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Return for Risk
CHTE.L vs. WRDA.L — Risk / Return Rank
CHTE.L
WRDA.L
CHTE.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (CHTE.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| CHTE.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.52 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 4.18 | -4.06 |
| Martin ratioReturn relative to average drawdown | 0.22 | 16.68 | -16.45 |
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
| CHTE.L | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 2.72 | -2.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 1.51 | -1.56 |
Drawdowns
CHTE.L vs. WRDA.L - Drawdown Comparison
The maximum CHTE.L drawdown since its inception was -45.52%, which is greater than WRDA.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for CHTE.L and WRDA.L.
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Drawdown Indicators
| CHTE.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.52% | -18.38% | -27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -26.34% | -6.53% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -31.31% | — | — |
Current DrawdownCurrent decline from peak | -23.37% | -0.12% | -23.25% |
Average DrawdownAverage peak-to-trough decline | -23.18% | -2.27% | -20.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.05% | 1.64% | +13.41% |
Volatility
CHTE.L vs. WRDA.L - Volatility Comparison
UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (CHTE.L) has a higher volatility of 9.78% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.49%. This indicates that CHTE.L's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CHTE.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 2.49% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.24% | 7.16% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.38% | 10.03% | +14.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 12.34% | +26.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.54% | 12.34% | +26.20% |
CHTE.L vs. WRDA.L - Expense Ratio Comparison
CHTE.L has a 0.47% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
CHTE.L vs. WRDA.L - Dividend Comparison
Neither CHTE.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
CHTE.L and WRDA.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.47% for CHTE.L.
CHTE.L is categorized as Technology Equities, while WRDA.L is Global Equities. CHTE.L tracks MSCI World/Information Tech NR USD, while WRDA.L tracks MSCI World Index. Their fees differ too: 0.47% for CHTE.L and 0.06% for WRDA.L.
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