WDTE.DE vs. N1ES.DE
WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and N1ES.DE (Invesco Nasdaq-100 ESG 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 N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, WDTE.DE returned 22.37%/yr vs 23.76%/yr for N1ES.DE. Their correlation of 0.95 suggests significant overlap in exposure. WDTE.DE charges 0.18%/yr vs 0.25%/yr for N1ES.DE.
Performance
WDTE.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.DE achieves a 11.43% return, which is significantly lower than N1ES.DE's 18.88% return.
WDTE.DE
- 1D
- 0.00%
- 1M
- -2.85%
- 6M
- 10.96%
- YTD
- 11.43%
- 1Y
- 20.22%
- 3Y*
- 22.37%
- 5Y*
- —
- 10Y*
- —
N1ES.DE
- 1D
- 0.00%
- 1M
- -1.30%
- 6M
- 17.13%
- YTD
- 18.88%
- 1Y
- 30.24%
- 3Y*
- 23.76%
- 5Y*
- —
- 10Y*
- —
WDTE.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 11.43% | 6.19% | 42.11% | 32.50% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 18.88% | 8.26% | 33.55% | 29.79% |
Correlation
The correlation between WDTE.DE and N1ES.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | 0.95 |
The correlation between WDTE.DE and N1ES.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
WDTE.DE vs. N1ES.DE — Risk / Return Rank
WDTE.DE
N1ES.DE
WDTE.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WDTE.DE | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.80 | -1.51 |
| Martin ratioReturn relative to average drawdown | 3.10 | 7.83 | -4.73 |
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Drawdowns
WDTE.DE vs. N1ES.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -28.19%, smaller than the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and N1ES.DE.
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Drawdown Indicators
| WDTE.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -29.96% | +1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -10.86% | -4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -28.19% | -26.65% | -1.54% |
Current DrawdownCurrent decline from peak | -9.24% | -3.22% | -6.02% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -8.35% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.55% | 3.87% | +2.68% |
Volatility
WDTE.DE vs. N1ES.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 6.64% compared to Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) at 5.99%. This indicates that WDTE.DE's price experiences larger fluctuations and is considered to be riskier than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 5.99% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 13.22% | +3.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 18.05% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.89% | 20.80% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 20.80% | +1.09% |
WDTE.DE vs. N1ES.DE - Expense Ratio Comparison
WDTE.DE has a 0.18% expense ratio, which is lower than N1ES.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. N1ES.DE - Dividend Comparison
Neither WDTE.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, WDTE.DE and N1ES.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.
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 N1ES.DE.
WDTE.DE is categorized as Technology Equities, while N1ES.DE is Nasdaq-100. WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.18% for WDTE.DE and 0.25% for N1ES.DE.
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