ITEC.L vs. KLWD.L
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and KLWD.L (WisdomTree Cloud Computing UCITS ETF - USD Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and WisdomTree respectively. Both are passively managed. Over the past year, ITEC.L returned 59.63% vs -10.42% for KLWD.L. At a 0.36 correlation, their price movements are largely independent. ITEC.L charges 0.18%/yr vs 0.40%/yr for KLWD.L.
Performance
ITEC.L vs. KLWD.L - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while KLWD.L is traded in GBp. To make them comparable, the KLWD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEC.L achieves a 50.84% return, which is significantly higher than KLWD.L's -4.74% return.
ITEC.L
- 1D
- 0.11%
- 1M
- 20.47%
- YTD
- 50.84%
- 6M
- 47.59%
- 1Y
- 59.63%
- 3Y*
- 24.64%
- 5Y*
- 15.12%
- 10Y*
- 16.38%
KLWD.L
- 1D
- -3.08%
- 1M
- 13.15%
- YTD
- -4.74%
- 6M
- -4.19%
- 1Y
- -10.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITEC.L vs. KLWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 50.84% | 17.62% |
KLWD.L WisdomTree Cloud Computing UCITS ETF - USD Acc | -4.74% | 5.33% |
Correlation
The correlation between ITEC.L and KLWD.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.36 |
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Return for Risk
ITEC.L vs. KLWD.L — Risk / Return Rank
ITEC.L
KLWD.L
ITEC.L vs. KLWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.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.
| ITEC.L | KLWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.98 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | -0.27 | +4.81 |
| Martin ratioReturn relative to average drawdown | 12.02 | -0.61 | +12.63 |
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
| ITEC.L | KLWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | -0.29 | +2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.01 | +0.63 |
Drawdowns
ITEC.L vs. KLWD.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, roughly equal to the maximum KLWD.L drawdown of -37.76%. Use the drawdown chart below to compare losses from any high point for ITEC.L and KLWD.L.
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Drawdown Indicators
| ITEC.L | KLWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -37.76% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -36.74% | +23.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -13.13% | +13.04% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -13.63% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 16.37% | -11.42% |
Volatility
ITEC.L vs. KLWD.L - Volatility Comparison
The current volatility for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) is 10.27%, while WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) has a volatility of 15.96%. This indicates that ITEC.L experiences smaller price fluctuations and is considered to be less risky than KLWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITEC.L | KLWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 15.96% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 31.03% | -10.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.53% | 34.85% | -9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 34.29% | -8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 34.29% | -10.20% |
ITEC.L vs. KLWD.L - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than KLWD.L's 0.40% expense ratio.
Dividends
ITEC.L vs. KLWD.L - Dividend Comparison
Neither ITEC.L nor KLWD.L has paid dividends to shareholders.
Frequently Asked Questions
ITEC.L and KLWD.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEC.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L is cheaper with a 0.18% expense ratio, compared with 0.40% for KLWD.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.18% for ITEC.L and 0.40% for KLWD.L.
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