WDTE.L vs. SMH.L
WDTE.L (Invesco S&P World Information Technology ESG UCITS ETF Acc) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - WDTE.L is a Technology Equities fund tracking the S&P World ESG Enhanced Information Technology Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 3 years, WDTE.L returned 23.22%/yr vs 52.17%/yr for SMH.L. Their correlation of 0.82 suggests significant overlap in exposure. WDTE.L charges 0.18%/yr vs 0.35%/yr for SMH.L.
Performance
WDTE.L vs. SMH.L - Performance Comparison
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Returns By Period
In the year-to-date period, WDTE.L achieves a 8.48% return, which is significantly lower than SMH.L's 66.93% return.
WDTE.L
- 1D
- 0.00%
- 1M
- -4.11%
- 6M
- 9.36%
- YTD
- 8.48%
- 1Y
- 18.33%
- 3Y*
- 23.22%
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- -3.85%
- 1M
- -12.59%
- 6M
- 47.97%
- YTD
- 66.93%
- 1Y
- 113.20%
- 3Y*
- 52.17%
- 5Y*
- 34.15%
- 10Y*
- —
WDTE.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WDTE.L Invesco S&P World Information Technology ESG UCITS ETF Acc | 8.48% | 18.89% | 34.72% | 34.92% |
SMH.L VanEck Semiconductor UCITS ETF | 66.93% | 49.20% | 24.11% | 38.32% |
Correlation
The correlation between WDTE.L and SMH.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2023 | 0.82 |
The correlation between WDTE.L and SMH.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
WDTE.L vs. SMH.L — Risk / Return Rank
WDTE.L
SMH.L
WDTE.L vs. SMH.L - 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.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 6.75 | -5.68 |
| Martin ratioReturn relative to average drawdown | 2.84 | 24.23 | -21.39 |
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Drawdowns
WDTE.L vs. SMH.L - Drawdown Comparison
The maximum WDTE.L drawdown since its inception was -25.54%, smaller than the maximum SMH.L drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for WDTE.L and SMH.L.
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Drawdown Indicators
| WDTE.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -45.38% | +19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -16.68% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -36.25% | +10.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.38% | — |
Current DrawdownCurrent decline from peak | -10.79% | -16.68% | +5.89% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -11.13% | +6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 4.66% | +1.77% |
Volatility
WDTE.L vs. SMH.L - Volatility Comparison
The current volatility for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.L) is 7.59%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.02%. This indicates that WDTE.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WDTE.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 16.02% | -8.43% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 30.92% | -12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 37.05% | -15.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 33.59% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.08% | 32.96% | -10.88% |
WDTE.L vs. SMH.L - Expense Ratio Comparison
WDTE.L has a 0.18% expense ratio, which is lower than SMH.L's 0.35% expense ratio.
Dividends
WDTE.L vs. SMH.L - Dividend Comparison
Neither WDTE.L nor SMH.L has paid dividends to shareholders.
Frequently Asked Questions
WDTE.L and SMH.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.L is cheaper with a 0.18% expense ratio, compared with 0.35% for SMH.L.
WDTE.L is categorized as Technology Equities, while SMH.L is Semiconductors. WDTE.L tracks S&P World ESG Enhanced Information Technology Index, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.18% for WDTE.L and 0.35% for SMH.L.
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