SXLK.AS vs. WTEC.L

Last updated Jun 5, 2026

SXLK.AS (SPDR S&P U.S. Technology Select Sector UCITS ETF) and WTEC.L (SPDR MSCI World Technology UCITS ETF USD Acc) are both Technology Equities funds from State Street - SXLK.AS tracks the MSCI World/Information Tech NR USD while WTEC.L tracks the MSCI World Information Technology index. Both are passively managed. Over the past 5 years, SXLK.AS returned 22.39%/yr vs 22.47%/yr for WTEC.L. Their correlation of 0.93 suggests significant overlap in exposure. SXLK.AS charges 0.15%/yr vs 0.30%/yr for WTEC.L.

Performance

SXLK.AS vs. WTEC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SXLK.AS is traded in EUR, while WTEC.L is traded in USD. To make them comparable, the WTEC.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with SXLK.AS having a 24.56% return and WTEC.L slightly higher at 25.50%.

SXLK.AS

• 1D: -2.32%
• 1M: 13.89%
• YTD: 24.56%
• 6M: 23.20%
• 1Y: 49.59%
• 3Y*: 26.35%
• 5Y*: 22.39%
• 10Y*: —

WTEC.L

• 1D: -1.99%
• 1M: 14.78%
• YTD: 25.50%
• 6M: 23.85%
• 1Y: 48.66%
• 3Y*: 29.31%
• 5Y*: 22.47%
• 10Y*: 23.98%

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

SXLK.AS vs. WTEC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF	24.56%	10.14%	31.30%	51.14%	-25.03%	46.32%	31.72%	51.36%	-15.98%
WTEC.L SPDR MSCI World Technology UCITS ETF USD Acc	25.50%	7.71%	42.92%	50.23%	-27.25%	39.60%	32.24%	50.03%	-16.96%

Correlation

The correlation between SXLK.AS and WTEC.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 3, 2018	0.93

The correlation between SXLK.AS and WTEC.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

SXLK.AS vs. WTEC.L — Risk / Return Rank

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

SXLK.AS

SXLK.AS Risk / Return Rank: 65
SXLK.AS Sharpe Ratio Rank: 76
SXLK.AS Sortino Ratio Rank: 70
SXLK.AS Omega Ratio Rank: 67
SXLK.AS Calmar Ratio Rank: 63
SXLK.AS Martin Ratio Rank: 50

WTEC.L

WTEC.L Risk / Return Rank: 68
WTEC.L Sharpe Ratio Rank: 78
WTEC.L Sortino Ratio Rank: 75
WTEC.L Omega Ratio Rank: 69
WTEC.L Calmar Ratio Rank: 62
WTEC.L Martin Ratio Rank: 53

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.

SXLK.AS vs. WTEC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L). 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.

	SXLK.AS	WTEC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.33	+0.11
Sortino ratio: Return per unit of downside risk	3.14	3.06	+0.08
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	3.09	3.03	+0.06
Martin ratio: Return relative to average drawdown	8.23	7.99	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SXLK.AS vs. WTEC.L - Sharpe Ratio Comparison

The current SXLK.AS Sharpe Ratio is 2.44, which is comparable to the WTEC.L Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SXLK.AS and WTEC.L, 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

	SXLK.AS	WTEC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	2.33	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.97	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	1.12	-0.13

Drawdowns

SXLK.AS vs. WTEC.L - Drawdown Comparison

The maximum SXLK.AS drawdown since its inception was -31.37%, roughly equal to the maximum WTEC.L drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for SXLK.AS and WTEC.L.

Drawdown Indicators

	SXLK.AS	WTEC.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.37%	-31.48%	+0.11%
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	-15.98%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-30.08%	-29.92%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-29.92%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.48%	—
Current Drawdown Current decline from peak	-2.96%	-2.47%	-0.49%
Average Drawdown Average peak-to-trough decline	-6.54%	-5.85%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	6.07%	-0.10%

Volatility

SXLK.AS vs. WTEC.L - Volatility Comparison

SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L) have volatilities of 7.18% and 7.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SXLK.AS	WTEC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	7.41%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	15.70%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	20.81%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	23.21%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	22.01%	+0.97%

SXLK.AS vs. WTEC.L - Expense Ratio Comparison

SXLK.AS has a 0.15% expense ratio, which is lower than WTEC.L's 0.30% expense ratio.

Dividends

SXLK.AS vs. WTEC.L - Dividend Comparison

Neither SXLK.AS nor WTEC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SXLK.AS and WTEC.L in my portfolio?

With a correlation of 0.95, SXLK.AS and WTEC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SXLK.AS or WTEC.L?

On fees, SXLK.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SXLK.AS or WTEC.L?

SXLK.AS is cheaper with a 0.15% expense ratio, compared with 0.30% for WTEC.L.

What is the main difference between SXLK.AS and WTEC.L?

SXLK.AS tracks MSCI World/Information Tech NR USD, while WTEC.L tracks MSCI World Information Technology index. Their fees differ too: 0.15% for SXLK.AS and 0.30% for WTEC.L.