SXLU.L vs. WTCH.AS
SXLU.L (SPDR S&P US Utilities Select Sector UCITS ETF) and WTCH.AS (SPDR MSCI World Technology UCITS ETF) are both exchange-traded funds - SXLU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD, while WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 10 years, SXLU.L returned 8.49%/yr vs 24.26%/yr for WTCH.AS. At a 0.17 correlation, their price movements are largely independent. SXLU.L charges 0.15%/yr vs 0.30%/yr for WTCH.AS.
Performance
SXLU.L vs. WTCH.AS - Performance Comparison
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Different Trading Currencies
SXLU.L is traded in USD, while WTCH.AS is traded in EUR. To make them comparable, the WTCH.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXLU.L achieves a 1.45% return, which is significantly lower than WTCH.AS's 24.02% return. Over the past 10 years, SXLU.L has underperformed WTCH.AS with an annualized return of 8.49%, while WTCH.AS has yielded a comparatively higher 24.26% annualized return.
SXLU.L
- 1D
- -2.18%
- 1M
- -6.82%
- YTD
- 1.45%
- 6M
- -0.04%
- 1Y
- 8.59%
- 3Y*
- 12.59%
- 5Y*
- 8.41%
- 10Y*
- 8.49%
WTCH.AS
- 1D
- -1.83%
- 1M
- 14.05%
- YTD
- 24.02%
- 6M
- 23.60%
- 1Y
- 51.21%
- 3Y*
- 32.78%
- 5Y*
- 21.35%
- 10Y*
- 24.26%
SXLU.L vs. WTCH.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXLU.L SPDR S&P US Utilities Select Sector UCITS ETF | 1.45% | 15.70% | 22.97% | -8.14% | 2.07% | 18.45% | -1.27% | 25.13% | 2.96% | 10.96% |
WTCH.AS SPDR MSCI World Technology UCITS ETF | 24.02% | 22.97% | 34.52% | 53.80% | -32.01% | 31.28% | 43.46% | 46.53% | -2.84% | 38.40% |
Correlation
The correlation between SXLU.L and WTCH.AS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 5, 2016 | 0.17 |
The correlation between SXLU.L and WTCH.AS shifts across timeframes, from 0.02 (3 years) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXLU.L vs. WTCH.AS — Risk / Return Rank
SXLU.L
WTCH.AS
SXLU.L vs. WTCH.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Utilities Select Sector UCITS ETF (SXLU.L) 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.
| SXLU.L | WTCH.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.09 | -2.14 |
| Martin ratioReturn relative to average drawdown | 2.03 | 9.53 | -7.51 |
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
| SXLU.L | WTCH.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 2.48 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.90 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 1.10 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.13 | -0.60 |
Drawdowns
SXLU.L vs. WTCH.AS - Drawdown Comparison
The maximum SXLU.L drawdown since its inception was -36.20%, roughly equal to the maximum WTCH.AS drawdown of -36.03%. Use the drawdown chart below to compare losses from any high point for SXLU.L and WTCH.AS.
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Drawdown Indicators
| SXLU.L | WTCH.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -36.03% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -16.32% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -26.58% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -36.03% | +9.85% |
Max Drawdown (10Y)Largest decline over 10 years | -36.20% | -36.03% | -0.17% |
Current DrawdownCurrent decline from peak | -8.93% | -2.61% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -6.39% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 5.33% | -1.11% |
Volatility
SXLU.L vs. WTCH.AS - Volatility Comparison
The current volatility for SPDR S&P US Utilities Select Sector UCITS ETF (SXLU.L) is 4.96%, while SPDR MSCI World Technology UCITS ETF (WTCH.AS) has a volatility of 7.13%. This indicates that SXLU.L experiences smaller price fluctuations and is considered to be less risky than WTCH.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXLU.L | WTCH.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 7.13% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 15.34% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 20.38% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 23.29% | -6.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 21.79% | -3.78% |
SXLU.L vs. WTCH.AS - Expense Ratio Comparison
SXLU.L has a 0.15% expense ratio, which is lower than WTCH.AS's 0.30% expense ratio.
Dividends
SXLU.L vs. WTCH.AS - Dividend Comparison
Neither SXLU.L nor WTCH.AS has paid dividends to shareholders.
Frequently Asked Questions
SXLU.L and WTCH.AS have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXLU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLU.L is cheaper with a 0.15% expense ratio, compared with 0.30% for WTCH.AS.
SXLU.L is categorized as Utilities Equities, while WTCH.AS is Technology Equities. SXLU.L tracks MSCI World/Utilities NR USD, while WTCH.AS tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.15% for SXLU.L and 0.30% for WTCH.AS.
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