WDTE.DE vs. MGK
Compare and contrast key facts about Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) and Vanguard Mega Cap Growth ETF (MGK).
WDTE.DE and MGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WDTE.DE is a passively managed fund by Invesco that tracks the performance of the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. It was launched on Apr 12, 2023. MGK is a passively managed fund by Vanguard that tracks the performance of the MSCI US Large Cap Growth Index. It was launched on Dec 17, 2007. Both WDTE.DE and MGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WDTE.DE or MGK.
Key characteristics
| WDTE.DE | MGK | |
|---|---|---|
| YTD Return | 41.01% | 31.65% |
| 1Y Return | 46.04% | 41.08% |
| Sharpe Ratio | 2.16 | 2.38 |
| Sortino Ratio | 2.77 | 3.07 |
| Omega Ratio | 1.37 | 1.43 |
| Calmar Ratio | 2.73 | 3.03 |
| Martin Ratio | 8.75 | 11.53 |
| Ulcer Index | 5.23% | 3.56% |
| Daily Std Dev | 20.99% | 17.25% |
| Max Drawdown | -16.75% | -48.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between WDTE.DE and MGK is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WDTE.DE vs. MGK - Performance Comparison
In the year-to-date period, WDTE.DE achieves a 41.01% return, which is significantly higher than MGK's 31.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WDTE.DE vs. MGK - Expense Ratio Comparison
WDTE.DE has a 0.18% expense ratio, which is higher than MGK's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
WDTE.DE vs. MGK - Risk-Adjusted Performance 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 Vanguard Mega Cap Growth ETF (MGK). 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.
Dividends
WDTE.DE vs. MGK - Dividend Comparison
WDTE.DE has not paid dividends to shareholders, while MGK's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
MGK Vanguard Mega Cap Growth ETF | 0.42% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% | 1.25% | 1.29% |
Drawdowns
WDTE.DE vs. MGK - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -16.75%, smaller than the maximum MGK drawdown of -48.36%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and MGK. For additional features, visit the drawdowns tool.
Volatility
WDTE.DE vs. MGK - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 5.89% compared to Vanguard Mega Cap Growth ETF (MGK) at 5.21%. This indicates that WDTE.DE's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.