IVAI.DE vs. WDTE.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds from Invesco - IVAI.DE tracks the S&P Kensho Global Artificial Intelligence Enablers Screened Index while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 35.87% for WDTE.DE. A 0.79 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.18%/yr for WDTE.DE.
Performance
IVAI.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IVAI.DE achieves a 38.56% return, which is significantly higher than WDTE.DE's 18.32% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
IVAI.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 3.03% |
Correlation
The correlation between IVAI.DE and WDTE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.79 |
The correlation between IVAI.DE and WDTE.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. WDTE.DE — Risk / Return Rank
IVAI.DE
WDTE.DE
IVAI.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.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.
| IVAI.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 2.33 | +0.77 |
| Martin ratioReturn relative to average drawdown | 5.91 | 6.14 | -0.23 |
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
| IVAI.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.88 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.44 | -0.34 |
Drawdowns
IVAI.DE vs. WDTE.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, 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 IVAI.DE and WDTE.DE.
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Drawdown Indicators
| IVAI.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -28.19% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -15.79% | -7.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.19% | — |
Current DrawdownCurrent decline from peak | -3.53% | -3.63% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -4.97% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 5.99% | +6.46% |
Volatility
IVAI.DE vs. WDTE.DE - Volatility Comparison
Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 8.26%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier 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
| IVAI.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 8.26% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 15.09% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 19.51% | +15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 21.74% | +14.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 21.74% | +14.65% |
IVAI.DE vs. WDTE.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
IVAI.DE vs. WDTE.DE - Dividend Comparison
Neither IVAI.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and WDTE.DE have a correlation of 0.81, 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 0.35% for IVAI.DE.
IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.35% for IVAI.DE and 0.18% for WDTE.DE.
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