ECMS.DE vs. WDTE.DE
ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both exchange-traded funds - ECMS.DE is a European Corporate Bonds fund tracking the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, ECMS.DE returned 3.99%/yr vs 25.83%/yr for WDTE.DE. At a 0.14 correlation, their price movements are largely independent. ECMS.DE charges 0.15%/yr vs 0.18%/yr for WDTE.DE.
Performance
ECMS.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMS.DE achieves a 0.21% return, which is significantly lower than WDTE.DE's 18.32% return.
ECMS.DE
- 1D
- 0.07%
- 1M
- 0.12%
- YTD
- 0.21%
- 6M
- 0.30%
- 1Y
- 1.87%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
ECMS.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECMS.DE Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc | 0.21% | 3.37% | 3.99% | 4.49% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between ECMS.DE and WDTE.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.14 |
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Return for Risk
ECMS.DE vs. WDTE.DE — Risk / Return Rank
ECMS.DE
WDTE.DE
ECMS.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) and Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.
| ECMS.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.33 | -1.46 |
| Martin ratioReturn relative to average drawdown | 2.98 | 6.14 | -3.16 |
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
| ECMS.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.88 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.44 | -0.37 |
Drawdowns
ECMS.DE vs. WDTE.DE - Drawdown Comparison
The maximum ECMS.DE drawdown since its inception was -5.27%, smaller than the maximum WDTE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and WDTE.DE.
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Drawdown Indicators
| ECMS.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -28.19% | +22.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -15.79% | +13.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.90% | -28.19% | +26.29% |
Current DrawdownCurrent decline from peak | -0.61% | -3.63% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -4.97% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 5.99% | -5.44% |
Volatility
ECMS.DE vs. WDTE.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) is 0.91%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that ECMS.DE experiences smaller price fluctuations and is considered to be less risky than WDTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMS.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 8.26% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 15.09% | -13.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 19.51% | -17.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 21.74% | -18.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 21.74% | -18.87% |
ECMS.DE vs. WDTE.DE - Expense Ratio Comparison
ECMS.DE has a 0.15% expense ratio, which is lower than WDTE.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ECMS.DE vs. WDTE.DE - Dividend Comparison
Neither ECMS.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMS.DE and WDTE.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMS.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for WDTE.DE.
ECMS.DE is categorized as European Corporate Bonds, while WDTE.DE is Technology Equities. ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.15% for ECMS.DE and 0.18% for WDTE.DE.
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