TECW.L vs. DRVG.L

Last updated Jun 5, 2026

TECW.L (SPDR MSCI World Technology UCITS ETF) and DRVG.L (Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and Global X respectively. Both are passively managed. Over the past 3 years, TECW.L returned 29.52%/yr vs 17.58%/yr for DRVG.L. A 0.68 correlation means they provide meaningful diversification when combined. TECW.L charges 0.30%/yr vs 0.50%/yr for DRVG.L.

Performance

TECW.L vs. DRVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI World Technology UCITS ETF (TECW.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECW.L achieves a 24.30% return, which is significantly lower than DRVG.L's 39.92% return.

TECW.L

• 1D: -1.91%
• 1M: 12.81%
• YTD: 24.30%
• 6M: 22.10%
• 1Y: 51.61%
• 3Y*: 29.52%
• 5Y*: —
• 10Y*: —

DRVG.L

• 1D: -1.69%
• 1M: 7.47%
• YTD: 39.92%
• 6M: 36.85%
• 1Y: 88.86%
• 3Y*: 17.58%
• 5Y*: —
• 10Y*: —

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

TECW.L vs. DRVG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TECW.L SPDR MSCI World Technology UCITS ETF	24.30%	13.84%	36.32%	46.35%	-17.74%
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	39.92%	20.43%	-4.12%	19.60%	-22.92%

Correlation

The correlation between TECW.L and DRVG.L is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.68

The correlation between TECW.L and DRVG.L has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

TECW.L vs. DRVG.L — Risk / Return Rank

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

TECW.L

TECW.L Risk / Return Rank: 70
TECW.L Sharpe Ratio Rank: 84
TECW.L Sortino Ratio Rank: 78
TECW.L Omega Ratio Rank: 75
TECW.L Calmar Ratio Rank: 64
TECW.L Martin Ratio Rank: 49

DRVG.L

DRVG.L Risk / Return Rank: 94
DRVG.L Sharpe Ratio Rank: 95
DRVG.L Sortino Ratio Rank: 94
DRVG.L Omega Ratio Rank: 92
DRVG.L Calmar Ratio Rank: 96
DRVG.L Martin Ratio Rank: 93

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.

TECW.L vs. DRVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF (TECW.L) and Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.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.

	TECW.L	DRVG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.71	3.95	-1.24
Sortino ratio: Return per unit of downside risk	3.46	4.88	-1.42
Omega ratio: Gain probability vs. loss probability	1.44	1.61	-0.17
Calmar ratio: Return relative to maximum drawdown	3.14	8.53	-5.40
Martin ratio: Return relative to average drawdown	8.04	24.30	-16.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECW.L vs. DRVG.L - Sharpe Ratio Comparison

The current TECW.L Sharpe Ratio is 2.71, which is lower than the DRVG.L Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of TECW.L and DRVG.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

	TECW.L	DRVG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	3.95	-1.24
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.28	+0.74

Drawdowns

TECW.L vs. DRVG.L - Drawdown Comparison

The maximum TECW.L drawdown since its inception was -28.26%, smaller than the maximum DRVG.L drawdown of -40.24%. Use the drawdown chart below to compare losses from any high point for TECW.L and DRVG.L.

Drawdown Indicators

	TECW.L	DRVG.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.26%	-40.24%	+11.98%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	-10.43%	-6.23%
Max Drawdown (3Y) Largest decline over 3 years	-28.26%	-34.13%	+5.87%
Current Drawdown Current decline from peak	-2.33%	-2.16%	-0.17%
Average Drawdown Average peak-to-trough decline	-6.15%	-17.78%	+11.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.52%	3.67%	+2.85%

Volatility

TECW.L vs. DRVG.L - Volatility Comparison

The current volatility for SPDR MSCI World Technology UCITS ETF (TECW.L) is 6.85%, while Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing (DRVG.L) has a volatility of 9.22%. This indicates that TECW.L experiences smaller price fluctuations and is considered to be less risky than DRVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECW.L	DRVG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	9.22%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	14.32%	16.49%	-2.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.31%	22.57%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.01%	25.06%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	25.06%	-3.05%

TECW.L vs. DRVG.L - Expense Ratio Comparison

TECW.L has a 0.30% expense ratio, which is lower than DRVG.L's 0.50% expense ratio.

Dividends

TECW.L vs. DRVG.L - Dividend Comparison

TECW.L has not paid dividends to shareholders, while DRVG.L's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022
DRVG.L Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	0.44%	0.94%	0.58%	0.01%	0.01%
TECW.L SPDR MSCI World Technology UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TECW.L and DRVG.L in my portfolio?

TECW.L and DRVG.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TECW.L or DRVG.L?

On fees, TECW.L 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, TECW.L or DRVG.L?

TECW.L is cheaper with a 0.30% expense ratio, compared with 0.50% for DRVG.L.

What is the main difference between TECW.L and DRVG.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and Global X. Their fees differ too: 0.30% for TECW.L and 0.50% for DRVG.L.