L0CK.DE vs. WTEJ.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) are both Technology Equities funds - L0CK.DE tracks the STOXX® Global Digital Security while WTEJ.DE tracks the BVP Nasdaq Emerging Cloud. Both are passively managed. Over the past 5 years, L0CK.DE returned 10.97%/yr vs -6.47%/yr for WTEJ.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
L0CK.DE vs. WTEJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly higher than WTEJ.DE's -3.77% return.
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
WTEJ.DE
- 1D
- 1.76%
- 1M
- 14.34%
- YTD
- -3.77%
- 6M
- -2.46%
- 1Y
- -9.08%
- 3Y*
- 0.54%
- 5Y*
- -6.47%
- 10Y*
- —
L0CK.DE vs. WTEJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 4.95% |
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc | -3.77% | -16.66% | 12.94% | 39.67% | -50.17% | 4.71% | 90.46% | 4.50% |
Correlation
The correlation between L0CK.DE and WTEJ.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.77 |
The correlation between L0CK.DE and WTEJ.DE shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
L0CK.DE vs. WTEJ.DE — Risk / Return Rank
L0CK.DE
WTEJ.DE
L0CK.DE vs. WTEJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) and WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.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.
| L0CK.DE | WTEJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | -0.25 | +2.05 |
| Martin ratioReturn relative to average drawdown | 4.44 | -0.55 | +4.99 |
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
| L0CK.DE | WTEJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | -0.25 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.18 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.11 | +0.49 |
Drawdowns
L0CK.DE vs. WTEJ.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, smaller than the maximum WTEJ.DE drawdown of -63.60%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and WTEJ.DE.
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Drawdown Indicators
| L0CK.DE | WTEJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -63.60% | +31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -36.64% | +24.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -48.59% | +21.52% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -63.60% | +35.06% |
Current DrawdownCurrent decline from peak | -3.17% | -48.45% | +45.28% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -35.70% | +26.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 16.00% | -10.92% |
Volatility
L0CK.DE vs. WTEJ.DE - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) is 8.18%, while WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a volatility of 15.88%. This indicates that L0CK.DE experiences smaller price fluctuations and is considered to be less risky than WTEJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L0CK.DE | WTEJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 15.88% | -7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 32.38% | -16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 36.29% | -15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 35.57% | -15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 38.61% | -18.40% |
L0CK.DE vs. WTEJ.DE - Expense Ratio Comparison
Both L0CK.DE and WTEJ.DE have an expense ratio of 0.40%.
Dividends
L0CK.DE vs. WTEJ.DE - Dividend Comparison
Neither L0CK.DE nor WTEJ.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and WTEJ.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
L0CK.DE and WTEJ.DE have the same expense ratio: 0.40% per year.
L0CK.DE tracks STOXX® Global Digital Security, while WTEJ.DE tracks BVP Nasdaq Emerging Cloud. They also come from different issuers: iShares and WisdomTree.
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