TECW.L vs. VITAX

Last updated Jul 22, 2026

TECW.L (SPDR MSCI World Technology UCITS ETF) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both Technology Equities funds - TECW.L tracks the MSCI World/Information Tech NR USD while VITAX tracks the MSCI US Investable Market Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, TECW.L returned 19.41%/yr vs 23.88%/yr for VITAX. A 0.78 correlation means they provide meaningful diversification when combined. TECW.L charges 0.30%/yr vs 0.09%/yr for VITAX.

Performance

TECW.L vs. VITAX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI World Technology UCITS ETF (TECW.L) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TECW.L is traded in GBP, while VITAX is traded in USD. To make them comparable, the VITAX values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, TECW.L achieves a 16.43% return, which is significantly lower than VITAX's 20.90% return. Over the past 10 years, TECW.L has underperformed VITAX with an annualized return of 19.41%, while VITAX has yielded a comparatively higher 23.88% annualized return.

TECW.L

• 1D: 0.00%
• 1M: -6.20%
• 6M: 19.12%
• YTD: 16.43%
• 1Y: 28.77%
• 3Y*: 25.71%
• 5Y*: 10.91%
• 10Y*: 19.41%
• ALL TIME*: 16.22%

VITAX

• 1D: 0.28%
• 1M: -7.16%
• 6M: 23.05%
• YTD: 20.90%
• 1Y: 33.26%
• 3Y*: 25.35%
• 5Y*: 18.57%
• 10Y*: 23.88%
• ALL TIME*: 19.32%

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

TECW.L vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECW.L SPDR MSCI World Technology UCITS ETF	16.43%	13.84%	36.32%	46.35%	-42.91%	29.62%	43.31%	47.39%	-2.74%	37.94%
VITAX Vanguard Information Technology Index Fund Admiral Shares	20.90%	13.11%	31.51%	45.06%	-21.31%	31.60%	41.64%	43.06%	8.59%	25.22%

Correlation

The correlation between TECW.L and VITAX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.78

The correlation between TECW.L and VITAX has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

TECW.L vs. VITAX — 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: 46
TECW.L Sharpe Ratio Rank: 52
TECW.L Sortino Ratio Rank: 49
TECW.L Omega Ratio Rank: 48
TECW.L Calmar Ratio Rank: 45
TECW.L Martin Ratio Rank: 37

VITAX

VITAX Risk / Return Rank: 39
VITAX Sharpe Ratio Rank: 42
VITAX Sortino Ratio Rank: 37
VITAX Omega Ratio Rank: 37
VITAX Calmar Ratio Rank: 45
VITAX Martin Ratio Rank: 33

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. VITAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF (TECW.L) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TECW.L	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	1.45	-0.10
Sortino ratio: Return per unit of downside risk	1.87	1.94	-0.07
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	1.73	2.01	-0.28
Martin ratio: Return relative to average drawdown	4.18	5.07	-0.89

TECW.L vs. VITAX - Sharpe Ratio Comparison

The current TECW.L Sharpe Ratio is 1.34, which is comparable to the VITAX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TECW.L and VITAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TECW.L vs. VITAX - Drawdown Comparison

The maximum TECW.L drawdown since its inception was -44.86%, which is greater than VITAX's maximum drawdown of -36.49%. Use the drawdown chart below to compare losses from any high point for TECW.L and VITAX.

Drawdown Indicators

	TECW.L	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-36.49%	-8.37%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	-16.31%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-28.26%	-29.76%	+1.50%
Max Drawdown (5Y) Largest decline over 5 years	-44.86%	-29.76%	-15.10%
Max Drawdown (10Y) Largest decline over 10 years	-44.86%	-29.76%	-15.10%
Current Drawdown Current decline from peak	-8.52%	-9.58%	+1.06%
Average Drawdown Average peak-to-trough decline	-7.72%	-5.95%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	6.46%	+0.44%

Volatility

TECW.L vs. VITAX - Volatility Comparison

SPDR MSCI World Technology UCITS ETF (TECW.L) and Vanguard Information Technology Index Fund Admiral Shares (VITAX) have volatilities of 7.76% and 8.04%, 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

	TECW.L	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	8.04%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	16.55%	18.27%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	21.54%	22.75%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	24.55%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.45%	24.81%	-1.36%

TECW.L vs. VITAX - Expense Ratio Comparison

TECW.L has a 0.30% expense ratio, which is higher than VITAX's 0.09% expense ratio.

Dividends

TECW.L vs. VITAX - Dividend Comparison

TECW.L has not paid dividends to shareholders, while VITAX's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TECW.L SPDR MSCI World Technology UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.38%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

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

TECW.L and VITAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.