SKYE.DE vs. WDTE.DE
SKYE.DE (First Trust Cloud Computing UCITS ETF Acc) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - SKYE.DE tracks the ISE Cloud Computing while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, SKYE.DE returned 22.28%/yr vs 25.83%/yr for WDTE.DE. A 0.72 correlation means they provide meaningful diversification when combined. SKYE.DE charges 0.60%/yr vs 0.18%/yr for WDTE.DE.
Performance
SKYE.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SKYE.DE achieves a 14.41% return, which is significantly lower than WDTE.DE's 18.32% return.
SKYE.DE
- 1D
- 0.22%
- 1M
- 17.87%
- YTD
- 14.41%
- 6M
- 12.76%
- 1Y
- 22.89%
- 3Y*
- 22.28%
- 5Y*
- 9.62%
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 10.74%
- YTD
- 18.32%
- 6M
- 17.59%
- 1Y
- 35.87%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
SKYE.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SKYE.DE First Trust Cloud Computing UCITS ETF Acc | 14.41% | -3.03% | 43.91% | 33.96% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between SKYE.DE and WDTE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.73 |
The correlation between SKYE.DE and WDTE.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
SKYE.DE vs. WDTE.DE — Risk / Return Rank
SKYE.DE
WDTE.DE
SKYE.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Cloud Computing UCITS ETF Acc (SKYE.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.
| SKYE.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.33 | -1.44 |
| Martin ratioReturn relative to average drawdown | 1.93 | 6.14 | -4.21 |
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
| SKYE.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.88 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.44 | -1.03 |
Drawdowns
SKYE.DE vs. WDTE.DE - Drawdown Comparison
The maximum SKYE.DE drawdown since its inception was -49.90%, 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 SKYE.DE and WDTE.DE.
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Drawdown Indicators
| SKYE.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.90% | -28.19% | -21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -28.05% | -15.79% | -12.26% |
Max Drawdown (3Y)Largest decline over 3 years | -36.53% | -28.19% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -3.63% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -19.98% | -4.97% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 5.99% | +6.78% |
Volatility
SKYE.DE vs. WDTE.DE - Volatility Comparison
First Trust Cloud Computing UCITS ETF Acc (SKYE.DE) has a higher volatility of 11.20% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 8.26%. This indicates that SKYE.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
| SKYE.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | 8.26% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 23.89% | 15.09% | +8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.78% | 19.51% | +9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 21.74% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 21.74% | +6.65% |
SKYE.DE vs. WDTE.DE - Expense Ratio Comparison
SKYE.DE has a 0.60% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
SKYE.DE vs. WDTE.DE - Dividend Comparison
Neither SKYE.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
SKYE.DE and WDTE.DE have a correlation of 0.66, 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 0.60% for SKYE.DE.
SKYE.DE tracks ISE Cloud Computing, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for SKYE.DE and 0.18% for WDTE.DE.
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