WDTE.DE vs. QDVE.DE
Compare and contrast key facts about Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE).
WDTE.DE and QDVE.DE 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. QDVE.DE is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 20, 2015. Both WDTE.DE and QDVE.DE 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 QDVE.DE.
Key characteristics
| WDTE.DE | QDVE.DE | |
|---|---|---|
| YTD Return | 41.01% | 41.78% |
| 1Y Return | 46.04% | 47.32% |
| Sharpe Ratio | 2.16 | 2.27 |
| Sortino Ratio | 2.77 | 2.92 |
| Omega Ratio | 1.37 | 1.39 |
| Calmar Ratio | 2.73 | 3.01 |
| Martin Ratio | 8.75 | 9.61 |
| Ulcer Index | 5.23% | 4.90% |
| Daily Std Dev | 20.99% | 20.58% |
| Max Drawdown | -16.75% | -31.45% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between WDTE.DE and QDVE.DE is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WDTE.DE vs. QDVE.DE - Performance Comparison
The year-to-date returns for both investments are quite close, with WDTE.DE having a 41.01% return and QDVE.DE slightly higher at 41.78%. 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. QDVE.DE - Expense Ratio Comparison
WDTE.DE has a 0.18% expense ratio, which is higher than QDVE.DE's 0.15% 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. QDVE.DE - 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 iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
Dividends
WDTE.DE vs. QDVE.DE - Dividend Comparison
Neither WDTE.DE nor QDVE.DE has paid dividends to shareholders.
Drawdowns
WDTE.DE vs. QDVE.DE - Drawdown Comparison
The maximum WDTE.DE drawdown since its inception was -16.75%, smaller than the maximum QDVE.DE drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and QDVE.DE. For additional features, visit the drawdowns tool.
Volatility
WDTE.DE vs. QDVE.DE - Volatility Comparison
Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 5.89% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 5.51%. This indicates that WDTE.DE's price experiences larger fluctuations and is considered to be riskier than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.