WDTE.DE vs. CLOA.DE
WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, WDTE.DE returned 36.88% vs 3.46% for CLOA.DE. At a correlation of -0.05, they often move in opposite directions. WDTE.DE charges 0.18%/yr vs 0.25%/yr for CLOA.DE.
Performance
WDTE.DE vs. CLOA.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 higher than CLOA.DE's 1.37% return.
WDTE.DE
- 1D
- -2.54%
- 1M
- 12.94%
- YTD
- 18.32%
- 6M
- 18.30%
- 1Y
- 36.88%
- 3Y*
- 25.83%
- 5Y*
- —
- 10Y*
- —
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WDTE.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 18.32% | 5.58% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between WDTE.DE and CLOA.DE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.05 |
The correlation between WDTE.DE and CLOA.DE shifts across timeframes, from -0.16 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WDTE.DE vs. CLOA.DE — Risk / Return Rank
WDTE.DE
CLOA.DE
WDTE.DE vs. CLOA.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 Invesco EUR AAA CLO UCITS ETF Acc (CLOA.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 | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.55 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 11.09 | -8.76 |
| Martin ratioReturn relative to average drawdown | 6.14 | 35.06 | -28.92 |
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 | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.68 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 2.31 | -0.87 |
Drawdowns
WDTE.DE vs. CLOA.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -28.19%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and CLOA.DE.
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Drawdown Indicators
| WDTE.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -0.49% | -27.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -0.31% | -15.48% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | -0.02% | -3.61% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -0.09% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 0.10% | +5.89% |
Volatility
WDTE.DE vs. CLOA.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 8.26% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that WDTE.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.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 | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 0.43% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 0.95% | +14.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 1.30% | +18.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 1.42% | +20.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 1.42% | +20.32% |
WDTE.DE vs. CLOA.DE - Expense Ratio Comparison
WDTE.DE has a 0.18% expense ratio, which is lower than CLOA.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WDTE.DE vs. CLOA.DE - Dividend Comparison
Neither WDTE.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
WDTE.DE and CLOA.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for CLOA.DE.
WDTE.DE is categorized as Technology Equities, while CLOA.DE is CLO. WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.18% for WDTE.DE and 0.25% for CLOA.DE.
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