ESIT.L vs. WTEC.L

Last updated Jun 4, 2026

ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and WTEC.L (SPDR MSCI World Technology UCITS ETF USD Acc) are both Technology Equities funds - ESIT.L tracks the MSCI World/Information Tech NR USD while WTEC.L tracks the MSCI World Information Technology index. Both are passively managed. Over the past 5 years, ESIT.L returned 15.12%/yr vs 23.10%/yr for WTEC.L. A 0.74 correlation means they provide meaningful diversification when combined. ESIT.L charges 0.18%/yr vs 0.30%/yr for WTEC.L.

Performance

ESIT.L vs. WTEC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESIT.L is traded in GBP, while WTEC.L is traded in USD. To make them comparable, the WTEC.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESIT.L achieves a 51.10% return, which is significantly higher than WTEC.L's 26.90% return.

ESIT.L

• 1D: -0.34%
• 1M: 23.02%
• YTD: 51.10%
• 6M: 49.13%
• 1Y: 68.29%
• 3Y*: 24.63%
• 5Y*: 15.12%
• 10Y*: —

WTEC.L

• 1D: -0.51%
• 1M: 18.67%
• YTD: 26.90%
• 6M: 25.42%
• 1Y: 55.98%
• 3Y*: 30.46%
• 5Y*: 23.10%
• 10Y*: 25.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIT.L vs. WTEC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF	51.10%	14.83%	2.77%	32.26%	-24.43%	27.26%	8.52%
WTEC.L SPDR MSCI World Technology UCITS ETF USD Acc	26.90%	13.51%	36.41%	47.13%	-23.35%	31.12%	7.01%

Correlation

The correlation between ESIT.L and WTEC.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.74

The correlation between ESIT.L and WTEC.L has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

ESIT.L vs. WTEC.L - Sectors Allocation Comparison

Sectors	ESIT.L	WTEC.L
Technology	92.0%	99.1%
Communication Services	5.3%	0.6%
Industrials	2.7%	0.3%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ESIT.L vs. WTEC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIT.L

ESIT.L Risk / Return Rank: 82
ESIT.L Sharpe Ratio Rank: 84
ESIT.L Sortino Ratio Rank: 82
ESIT.L Omega Ratio Rank: 75
ESIT.L Calmar Ratio Rank: 91
ESIT.L Martin Ratio Rank: 77

WTEC.L

WTEC.L Risk / Return Rank: 71
WTEC.L Sharpe Ratio Rank: 82
WTEC.L Sortino Ratio Rank: 79
WTEC.L Omega Ratio Rank: 73
WTEC.L Calmar Ratio Rank: 65
WTEC.L Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESIT.L vs. WTEC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.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.

	ESIT.L	WTEC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.78	2.75	+0.03
Sortino ratio: Return per unit of downside risk	3.66	3.55	+0.12
Omega ratio: Gain probability vs. loss probability	1.45	1.45	-0.01
Calmar ratio: Return relative to maximum drawdown	5.80	3.32	+2.48
Martin ratio: Return relative to average drawdown	14.60	8.43	+6.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESIT.L vs. WTEC.L - Sharpe Ratio Comparison

The current ESIT.L Sharpe Ratio is 2.78, which is comparable to the WTEC.L Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of ESIT.L and WTEC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESIT.L	WTEC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	2.75	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.02	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	1.19	-0.47

Drawdowns

ESIT.L vs. WTEC.L - Drawdown Comparison

The maximum ESIT.L drawdown since its inception was -37.50%, which is greater than WTEC.L's maximum drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for ESIT.L and WTEC.L.

Drawdown Indicators

	ESIT.L	WTEC.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.50%	-28.20%	-9.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-16.79%	+5.08%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-28.20%	+3.33%
Max Drawdown (5Y) Largest decline over 5 years	-37.50%	-28.20%	-9.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.20%	—
Current Drawdown Current decline from peak	-0.34%	-0.51%	+0.17%
Average Drawdown Average peak-to-trough decline	-11.53%	-5.57%	-5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	6.62%	-1.96%

Volatility

ESIT.L vs. WTEC.L - Volatility Comparison

iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) has a higher volatility of 9.46% compared to SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L) at 7.27%. This indicates that ESIT.L's price experiences larger fluctuations and is considered to be riskier than WTEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESIT.L	WTEC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	7.27%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	19.86%	15.43%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	24.50%	20.35%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.01%	22.62%	+2.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	21.76%	+2.89%

ESIT.L vs. WTEC.L - Expense Ratio Comparison

ESIT.L has a 0.18% expense ratio, which is lower than WTEC.L's 0.30% expense ratio.

Dividends

ESIT.L vs. WTEC.L - Dividend Comparison

Neither ESIT.L nor WTEC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESIT.L and WTEC.L in my portfolio?

ESIT.L and WTEC.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIT.L or WTEC.L?

On fees, ESIT.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIT.L or WTEC.L?

ESIT.L is cheaper with a 0.18% expense ratio, compared with 0.30% for WTEC.L.

What is the main difference between ESIT.L and WTEC.L?

ESIT.L tracks MSCI World/Information Tech NR USD, while WTEC.L tracks MSCI World Information Technology index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIT.L and 0.30% for WTEC.L.