ROBO.AS vs. WTCH.AS

Last updated Jun 4, 2026

ROBO.AS (L&G ROBO Global Robotics and Automation UCITS ETF) and WTCH.AS (SPDR MSCI World Technology UCITS ETF) are both exchange-traded funds - ROBO.AS is a Robotics fund tracking the ROBO Global Robotics and Automation Index, while WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, ROBO.AS returned 8.35%/yr vs 22.97%/yr for WTCH.AS. A 0.78 correlation means they provide meaningful diversification when combined. ROBO.AS charges 0.80%/yr vs 0.30%/yr for WTCH.AS.

Performance

ROBO.AS vs. WTCH.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) and SPDR MSCI World Technology UCITS ETF (WTCH.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROBO.AS achieves a 31.08% return, which is significantly higher than WTCH.AS's 27.93% return.

ROBO.AS

• 1D: -0.05%
• 1M: 11.97%
• YTD: 31.08%
• 6M: 32.13%
• 1Y: 57.10%
• 3Y*: 14.25%
• 5Y*: 8.35%
• 10Y*: —

WTCH.AS

• 1D: -0.52%
• 1M: 18.91%
• YTD: 27.93%
• 6M: 26.80%
• 1Y: 51.75%
• 3Y*: 30.30%
• 5Y*: 22.97%
• 10Y*: 24.27%

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

ROBO.AS vs. WTCH.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROBO.AS L&G ROBO Global Robotics and Automation UCITS ETF	31.08%	9.16%	5.54%	20.30%	-30.09%	25.18%	33.61%	31.81%	-16.99%	13.09%
WTCH.AS SPDR MSCI World Technology UCITS ETF	27.93%	8.41%	43.39%	49.09%	-27.66%	40.88%	31.79%	49.43%	1.91%	8.93%

Correlation

The correlation between ROBO.AS and WTCH.AS 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	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.78

The correlation between ROBO.AS and WTCH.AS has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

Return for Risk

ROBO.AS vs. WTCH.AS — Risk / Return Rank

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

ROBO.AS

ROBO.AS Risk / Return Rank: 78
ROBO.AS Sharpe Ratio Rank: 80
ROBO.AS Sortino Ratio Rank: 79
ROBO.AS Omega Ratio Rank: 74
ROBO.AS Calmar Ratio Rank: 80
ROBO.AS Martin Ratio Rank: 80

WTCH.AS

WTCH.AS Risk / Return Rank: 66
WTCH.AS Sharpe Ratio Rank: 77
WTCH.AS Sortino Ratio Rank: 71
WTCH.AS Omega Ratio Rank: 68
WTCH.AS Calmar Ratio Rank: 65
WTCH.AS Martin Ratio Rank: 51

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.

ROBO.AS vs. WTCH.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) and SPDR MSCI World Technology UCITS ETF (WTCH.AS). 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.

	ROBO.AS	WTCH.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.53	+0.06
Sortino ratio: Return per unit of downside risk	3.52	3.27	+0.25
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.02
Calmar ratio: Return relative to maximum drawdown	4.11	3.26	+0.85
Martin ratio: Return relative to average drawdown	15.52	8.62	+6.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROBO.AS vs. WTCH.AS - Sharpe Ratio Comparison

The current ROBO.AS Sharpe Ratio is 2.59, which is comparable to the WTCH.AS Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of ROBO.AS and WTCH.AS, 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

	ROBO.AS	WTCH.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.53	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.01	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.16	-0.63

Drawdowns

ROBO.AS vs. WTCH.AS - Drawdown Comparison

The maximum ROBO.AS drawdown since its inception was -36.38%, which is greater than WTCH.AS's maximum drawdown of -31.28%. Use the drawdown chart below to compare losses from any high point for ROBO.AS and WTCH.AS.

Drawdown Indicators

	ROBO.AS	WTCH.AS	Difference
Max Drawdown Largest peak-to-trough decline	-36.38%	-31.28%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-13.70%	-15.67%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-31.83%	-30.06%	-1.77%
Max Drawdown (5Y) Largest decline over 5 years	-36.38%	-30.06%	-6.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.28%	—
Current Drawdown Current decline from peak	-0.05%	-0.52%	+0.47%
Average Drawdown Average peak-to-trough decline	-11.96%	-5.90%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	5.95%	-2.30%

Volatility

ROBO.AS vs. WTCH.AS - Volatility Comparison

L&G ROBO Global Robotics and Automation UCITS ETF (ROBO.AS) has a higher volatility of 7.28% compared to SPDR MSCI World Technology UCITS ETF (WTCH.AS) at 6.60%. This indicates that ROBO.AS's price experiences larger fluctuations and is considered to be riskier than WTCH.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROBO.AS	WTCH.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	6.60%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	14.68%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	21.86%	20.29%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	22.43%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.48%	21.38%	+0.10%

ROBO.AS vs. WTCH.AS - Expense Ratio Comparison

ROBO.AS has a 0.80% expense ratio, which is higher than WTCH.AS's 0.30% expense ratio.

Dividends

ROBO.AS vs. WTCH.AS - Dividend Comparison

Neither ROBO.AS nor WTCH.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ROBO.AS and WTCH.AS in my portfolio?

ROBO.AS and WTCH.AS 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.

Which ETF is better, ROBO.AS or WTCH.AS?

On fees, WTCH.AS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ROBO.AS or WTCH.AS?

WTCH.AS is cheaper with a 0.30% expense ratio, compared with 0.80% for ROBO.AS.

What is the main difference between ROBO.AS and WTCH.AS?

ROBO.AS is categorized as Robotics, while WTCH.AS is Technology Equities. ROBO.AS tracks ROBO Global Robotics and Automation Index, while WTCH.AS tracks MSCI World/Information Tech NR USD. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.80% for ROBO.AS and 0.30% for WTCH.AS.