UMDV.AS vs. WITS.AS

Last updated Jun 5, 2026

UMDV.AS (iShares US Medical Devices UCITS ETF) and WITS.AS (iShares MSCI World Information Technology Sector ESG UCITS ETF) are both exchange-traded funds - UMDV.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD, while WITS.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, UMDV.AS returned -1.58%/yr vs 20.38%/yr for WITS.AS. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

UMDV.AS vs. WITS.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UMDV.AS achieves a -21.33% return, which is significantly lower than WITS.AS's 23.70% return.

UMDV.AS

• 1D: 3.64%
• 1M: -0.76%
• YTD: -21.33%
• 6M: -22.09%
• 1Y: -20.45%
• 3Y*: -1.79%
• 5Y*: -1.58%
• 10Y*: —

WITS.AS

• 1D: -1.52%
• 1M: 14.43%
• YTD: 23.70%
• 6M: 23.08%
• 1Y: 47.95%
• 3Y*: 31.66%
• 5Y*: 20.38%
• 10Y*: —

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

UMDV.AS vs. WITS.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UMDV.AS iShares US Medical Devices UCITS ETF	-21.33%	7.40%	11.19%	4.39%	-20.14%	23.03%	12.03%
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF	23.70%	22.39%	28.01%	60.19%	-33.27%	30.12%	15.90%

Correlation

The correlation between UMDV.AS and WITS.AS is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020	0.53

Over the past year, the correlation between UMDV.AS and WITS.AS has dropped to 0.17 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

UMDV.AS vs. WITS.AS — Risk / Return Rank

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

UMDV.AS

UMDV.AS Risk / Return Rank: 1
UMDV.AS Sharpe Ratio Rank: 1
UMDV.AS Sortino Ratio Rank: 1
UMDV.AS Omega Ratio Rank: 1
UMDV.AS Calmar Ratio Rank: 3
UMDV.AS Martin Ratio Rank: 0

WITS.AS

WITS.AS Risk / Return Rank: 66
WITS.AS Sharpe Ratio Rank: 75
WITS.AS Sortino Ratio Rank: 72
WITS.AS Omega Ratio Rank: 67
WITS.AS Calmar Ratio Rank: 60
WITS.AS Martin Ratio Rank: 54

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.

UMDV.AS vs. WITS.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.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.

	UMDV.AS	WITS.AS	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	2.39	-3.58
Sortino ratio: Return per unit of downside risk	-1.68	3.20	-4.88
Omega ratio: Gain probability vs. loss probability	0.82	1.40	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.75	2.94	-3.69
Martin ratio: Return relative to average drawdown	-1.92	9.14	-11.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMDV.AS vs. WITS.AS - Sharpe Ratio Comparison

The current UMDV.AS Sharpe Ratio is -1.19, which is lower than the WITS.AS Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of UMDV.AS and WITS.AS, 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

	UMDV.AS	WITS.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.19	2.39	-3.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.85	-0.93
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.01	-0.94

Drawdowns

UMDV.AS vs. WITS.AS - Drawdown Comparison

The maximum UMDV.AS drawdown since its inception was -31.59%, smaller than the maximum WITS.AS drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for UMDV.AS and WITS.AS.

Drawdown Indicators

	UMDV.AS	WITS.AS	Difference
Max Drawdown Largest peak-to-trough decline	-31.59%	-39.08%	+7.49%
Max Drawdown (1Y) Largest decline over 1 year	-27.14%	-16.07%	-11.07%
Max Drawdown (3Y) Largest decline over 3 years	-27.48%	-25.21%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-31.59%	-39.08%	+7.49%
Current Drawdown Current decline from peak	-24.28%	-2.12%	-22.16%
Average Drawdown Average peak-to-trough decline	-11.43%	-8.50%	-2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.62%	5.20%	+5.42%

Volatility

UMDV.AS vs. WITS.AS - Volatility Comparison

iShares US Medical Devices UCITS ETF (UMDV.AS) and iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) have volatilities of 7.25% and 7.12%, 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

	UMDV.AS	WITS.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	7.12%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	15.52%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	19.78%	-2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	23.75%	-5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	24.61%	-5.95%

UMDV.AS vs. WITS.AS - Expense Ratio Comparison

Both UMDV.AS and WITS.AS have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UMDV.AS vs. WITS.AS - Dividend Comparison

UMDV.AS has not paid dividends to shareholders, while WITS.AS's dividend yield for the trailing twelve months is around 0.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
UMDV.AS iShares US Medical Devices UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF	0.25%	0.31%	0.38%	0.46%	0.81%	0.41%	0.73%	0.12%

Frequently Asked Questions

Can I hold both UMDV.AS and WITS.AS in my portfolio?

UMDV.AS and WITS.AS have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UMDV.AS or WITS.AS?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UMDV.AS or WITS.AS?

UMDV.AS and WITS.AS have the same expense ratio: 0.25% per year.

What is the main difference between UMDV.AS and WITS.AS?

UMDV.AS is categorized as Health & Biotech Equities, while WITS.AS is Technology Equities. UMDV.AS tracks MSCI World/Health Care NR USD, while WITS.AS tracks MSCI World/Information Tech NR USD.