EMSM.DE vs. WDTE.DE
EMSM.DE (SPDR MSCI Emerging Markets Small Cap UCITS ETF) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both exchange-traded funds - EMSM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, 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, EMSM.DE returned 20.54%/yr vs 25.83%/yr for WDTE.DE. A 0.55 correlation means they provide meaningful diversification when combined. EMSM.DE charges 0.55%/yr vs 0.18%/yr for WDTE.DE.
Performance
EMSM.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMSM.DE achieves a 27.59% return, which is significantly higher than WDTE.DE's 18.32% return.
EMSM.DE
- 1D
- -1.74%
- 1M
- 6.15%
- YTD
- 27.59%
- 6M
- 29.59%
- 1Y
- 49.96%
- 3Y*
- 20.54%
- 5Y*
- 8.20%
- 10Y*
- 9.68%
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
EMSM.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMSM.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 27.59% | 18.76% | 13.62% | 3.09% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between EMSM.DE and WDTE.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.55 |
The correlation between EMSM.DE and WDTE.DE shifts across timeframes, from 0.55 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMSM.DE vs. WDTE.DE — Risk / Return Rank
EMSM.DE
WDTE.DE
EMSM.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.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.
| EMSM.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.32 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 2.33 | +2.51 |
| Martin ratioReturn relative to average drawdown | 17.39 | 6.14 | +11.25 |
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
| EMSM.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.88 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.44 | -1.02 |
Drawdowns
EMSM.DE vs. WDTE.DE - Drawdown Comparison
The maximum EMSM.DE drawdown since its inception was -36.49%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for EMSM.DE and WDTE.DE.
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Drawdown Indicators
| EMSM.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.49% | -28.19% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -15.79% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -28.19% | +8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | — | — |
Current DrawdownCurrent decline from peak | -2.68% | -3.63% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -4.97% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 5.99% | -3.13% |
Volatility
EMSM.DE vs. WDTE.DE - Volatility Comparison
The current volatility for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.DE) is 7.40%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that EMSM.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
| EMSM.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 8.26% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 15.09% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 19.51% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 21.74% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 21.74% | -3.41% |
EMSM.DE vs. WDTE.DE - Expense Ratio Comparison
EMSM.DE has a 0.55% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
EMSM.DE vs. WDTE.DE - Dividend Comparison
Neither EMSM.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMSM.DE and WDTE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for EMSM.DE.
EMSM.DE is categorized as Emerging Markets Equities, while WDTE.DE is Technology Equities. EMSM.DE tracks MSCI EM NR USD, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.55% for EMSM.DE and 0.18% for WDTE.DE.
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