TNOW.L vs. QWTM.L
TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) and QWTM.L (WisdomTree Quantum Computing UCITS ETF - USD Acc) are both Technology Equities funds - TNOW.L tracks the MSCI World/Information Tech NR USD while QWTM.L tracks the WisdomTree Classiq Quantum Computing UCITS Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. TNOW.L charges 0.30%/yr vs 0.50%/yr for QWTM.L.
Performance
TNOW.L vs. QWTM.L - Performance Comparison
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Different Trading Currencies
TNOW.L is traded in USD, while QWTM.L is traded in GBp. To make them comparable, the QWTM.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TNOW.L achieves a 26.74% return, which is significantly lower than QWTM.L's 54.06% return.
TNOW.L
- 1D
- -0.61%
- 1M
- 17.43%
- YTD
- 26.74%
- 6M
- 26.38%
- 1Y
- 55.01%
- 3Y*
- 33.44%
- 5Y*
- 21.51%
- 10Y*
- 24.35%
QWTM.L
- 1D
- -2.65%
- 1M
- 26.07%
- YTD
- 54.06%
- 6M
- 53.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TNOW.L vs. QWTM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) | 26.74% | 9.93% |
QWTM.L WisdomTree Quantum Computing UCITS ETF - USD Acc | 54.06% | 19.97% |
Correlation
The correlation between TNOW.L and QWTM.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.69 |
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Return for Risk
TNOW.L vs. QWTM.L — Risk / Return Rank
TNOW.L
QWTM.L
TNOW.L vs. QWTM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and WisdomTree Quantum Computing UCITS ETF - USD Acc (QWTM.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.
| TNOW.L | QWTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.44 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | — | — |
| Martin ratioReturn relative to average drawdown | 9.55 | — | — |
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
| TNOW.L | QWTM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 3.22 | -2.17 |
Drawdowns
TNOW.L vs. QWTM.L - Drawdown Comparison
The maximum TNOW.L drawdown since its inception was -36.17%, which is greater than QWTM.L's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for TNOW.L and QWTM.L.
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Drawdown Indicators
| TNOW.L | QWTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -25.40% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.17% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -2.65% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -10.25% | +4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | — | — |
Volatility
TNOW.L vs. QWTM.L - Volatility Comparison
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Volatility by Period
| TNOW.L | QWTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 39.83% | -19.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 39.83% | -16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 39.83% | -18.09% |
TNOW.L vs. QWTM.L - Expense Ratio Comparison
TNOW.L has a 0.30% expense ratio, which is lower than QWTM.L's 0.50% expense ratio.
Dividends
TNOW.L vs. QWTM.L - Dividend Comparison
Neither TNOW.L nor QWTM.L has paid dividends to shareholders.
Frequently Asked Questions
TNOW.L and QWTM.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TNOW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TNOW.L is cheaper with a 0.30% expense ratio, compared with 0.50% for QWTM.L.
TNOW.L tracks MSCI World/Information Tech NR USD, while QWTM.L tracks WisdomTree Classiq Quantum Computing UCITS Index. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.30% for TNOW.L and 0.50% for QWTM.L.
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