WITS.AS vs. SXLK.AS
WITS.AS (iShares MSCI World Information Technology Sector ESG UCITS ETF) and SXLK.AS (SPDR S&P U.S. Technology Select Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and State Street respectively. Both are passively managed. Over the past 5 years, WITS.AS returned 20.38%/yr vs 21.25%/yr for SXLK.AS. Their correlation of 0.94 suggests significant overlap in exposure. WITS.AS charges 0.25%/yr vs 0.15%/yr for SXLK.AS.
Performance
WITS.AS vs. SXLK.AS - Performance Comparison
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Different Trading Currencies
WITS.AS is traded in USD, while SXLK.AS is traded in EUR. To make them comparable, the SXLK.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with WITS.AS having a 23.70% return and SXLK.AS slightly lower at 23.15%.
WITS.AS
- 1D
- -1.52%
- 1M
- 14.43%
- YTD
- 23.70%
- 6M
- 23.08%
- 1Y
- 47.95%
- 3Y*
- 31.66%
- 5Y*
- 20.38%
- 10Y*
- —
SXLK.AS
- 1D
- -2.20%
- 1M
- 13.11%
- YTD
- 23.15%
- 6M
- 22.86%
- 1Y
- 52.16%
- 3Y*
- 29.80%
- 5Y*
- 21.25%
- 10Y*
- —
WITS.AS vs. SXLK.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 23.70% | 22.39% | 28.01% | 60.19% | -33.27% | 30.12% | 44.49% | 12.11% |
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF | 23.15% | 24.94% | 23.18% | 55.91% | -29.54% | 36.36% | 43.38% | 12.07% |
Correlation
The correlation between WITS.AS and SXLK.AS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.94 |
The correlation between WITS.AS and SXLK.AS has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
WITS.AS vs. SXLK.AS — Risk / Return Rank
WITS.AS
SXLK.AS
WITS.AS vs. SXLK.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) and SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS). 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.
| WITS.AS | SXLK.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.07 | -0.13 |
| Martin ratioReturn relative to average drawdown | 9.14 | 9.41 | -0.28 |
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
| WITS.AS | SXLK.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.57 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.91 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.97 | +0.05 |
Drawdowns
WITS.AS vs. SXLK.AS - Drawdown Comparison
The maximum WITS.AS drawdown since its inception was -39.08%, which is greater than SXLK.AS's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for WITS.AS and SXLK.AS.
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Drawdown Indicators
| WITS.AS | SXLK.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -33.61% | -5.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -16.72% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -26.84% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -39.08% | -33.61% | -5.47% |
Current DrawdownCurrent decline from peak | -2.12% | -3.11% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -7.24% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 5.49% | -0.29% |
Volatility
WITS.AS vs. SXLK.AS - Volatility Comparison
iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) and SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) have volatilities of 7.12% and 7.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WITS.AS | SXLK.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 7.23% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 15.09% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.78% | 19.99% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.75% | 23.04% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 23.48% | +1.13% |
WITS.AS vs. SXLK.AS - Expense Ratio Comparison
WITS.AS has a 0.25% expense ratio, which is higher than SXLK.AS'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%.
Dividends
WITS.AS vs. SXLK.AS - Dividend Comparison
WITS.AS's dividend yield for the trailing twelve months is around 0.25%, while SXLK.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 0.25% | 0.31% | 0.38% | 0.46% | 0.81% | 0.41% | 0.73% | 0.12% |
Frequently Asked Questions
With a correlation of 0.96, WITS.AS and SXLK.AS 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, SXLK.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLK.AS is cheaper with a 0.15% expense ratio, compared with 0.25% for WITS.AS.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for WITS.AS and 0.15% for SXLK.AS.
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