SMLK.DE vs. WDTE.DE
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, SMLK.DE returned 12.46%/yr vs 25.83%/yr for WDTE.DE. At a 0.41 correlation, their price movements are largely independent. SMLK.DE charges 0.14%/yr vs 0.18%/yr for WDTE.DE.
Performance
SMLK.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLK.DE achieves a 15.73% return, which is significantly lower than WDTE.DE's 18.32% return.
SMLK.DE
- 1D
- 0.95%
- 1M
- 2.49%
- YTD
- 15.73%
- 6M
- 16.04%
- 1Y
- 31.03%
- 3Y*
- 12.46%
- 5Y*
- 6.92%
- 10Y*
- —
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
SMLK.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 15.73% | -4.02% | 13.30% | 14.88% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
Correlation
The correlation between SMLK.DE and WDTE.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.41 |
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Return for Risk
SMLK.DE vs. WDTE.DE — Risk / Return Rank
SMLK.DE
WDTE.DE
SMLK.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.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.
| SMLK.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 2.33 | +2.70 |
| Martin ratioReturn relative to average drawdown | 14.18 | 6.14 | +8.04 |
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
| SMLK.DE | WDTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.88 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.44 | -1.10 |
Drawdowns
SMLK.DE vs. WDTE.DE - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, 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 SMLK.DE and WDTE.DE.
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Drawdown Indicators
| SMLK.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -28.19% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -15.79% | +9.64% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | -28.19% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.63% | +3.63% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -4.97% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 5.99% | -3.81% |
Volatility
SMLK.DE vs. WDTE.DE - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) is 4.06%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that SMLK.DE experiences smaller price fluctuations and is considered to be less risky 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
| SMLK.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 8.26% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 15.09% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 19.51% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 21.74% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 21.74% | -1.76% |
SMLK.DE vs. WDTE.DE - Expense Ratio Comparison
SMLK.DE has a 0.14% expense ratio, which is lower than WDTE.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SMLK.DE vs. WDTE.DE - Dividend Comparison
Neither SMLK.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLK.DE and WDTE.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.18% for WDTE.DE.
SMLK.DE is categorized as Small Cap Blend Equities, while WDTE.DE is Technology Equities. SMLK.DE tracks S&P SmallCap 600, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Their fees differ too: 0.14% for SMLK.DE and 0.18% for WDTE.DE.
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