WDTE.DE vs. AYEW.DE
WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 3 years, WDTE.DE returned 25.83%/yr vs 27.99%/yr for AYEW.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
WDTE.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.DE achieves a 18.32% return, which is significantly lower than AYEW.DE's 24.61% return.
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
WDTE.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 6.19% | 42.11% | 32.17% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 32.45% |
Correlation
The correlation between WDTE.DE and AYEW.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.97 |
The correlation between WDTE.DE and AYEW.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
WDTE.DE vs. AYEW.DE — Risk / Return Rank
WDTE.DE
AYEW.DE
WDTE.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE). 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.
| WDTE.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.01 | -0.68 |
| Martin ratioReturn relative to average drawdown | 6.14 | 8.00 | -1.86 |
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
| WDTE.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.26 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 1.02 | +0.42 |
Drawdowns
WDTE.DE vs. AYEW.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -28.19%, smaller than the maximum AYEW.DE drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and AYEW.DE.
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Drawdown Indicators
| WDTE.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -31.36% | +3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -14.98% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -29.01% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.10% | — |
Current DrawdownCurrent decline from peak | -3.63% | -2.13% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -7.74% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 5.64% | +0.35% |
Volatility
WDTE.DE vs. AYEW.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 8.26% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that WDTE.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDTE.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 6.77% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 14.89% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 19.98% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 22.77% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 23.48% | -1.74% |
WDTE.DE vs. AYEW.DE - Expense Ratio Comparison
Both WDTE.DE and AYEW.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
WDTE.DE vs. AYEW.DE - Dividend Comparison
WDTE.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, WDTE.DE and AYEW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE and AYEW.DE have the same expense ratio: 0.18% per year.
WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: Invesco and iShares.
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