WTCH.AS vs. IS3R.DE
WTCH.AS (SPDR MSCI World Technology UCITS ETF) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 10 years, WTCH.AS returned 23.98%/yr vs 15.31%/yr for IS3R.DE. Their correlation of 0.81 suggests significant overlap in exposure. WTCH.AS charges 0.30%/yr vs 0.25%/yr for IS3R.DE.
Performance
WTCH.AS vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTCH.AS achieves a 25.44% return, which is significantly higher than IS3R.DE's 22.51% return. Over the past 10 years, WTCH.AS has outperformed IS3R.DE with an annualized return of 23.98%, while IS3R.DE has yielded a comparatively lower 15.31% annualized return.
WTCH.AS
- 1D
- -1.95%
- 1M
- 14.84%
- YTD
- 25.44%
- 6M
- 23.94%
- 1Y
- 48.66%
- 3Y*
- 29.25%
- 5Y*
- 22.49%
- 10Y*
- 23.98%
IS3R.DE
- 1D
- -1.01%
- 1M
- 8.60%
- YTD
- 22.51%
- 6M
- 23.56%
- 1Y
- 31.46%
- 3Y*
- 26.05%
- 5Y*
- 14.66%
- 10Y*
- 15.31%
WTCH.AS vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTCH.AS SPDR MSCI World Technology UCITS ETF | 25.44% | 8.41% | 43.39% | 49.09% | -27.66% | 40.88% | 31.79% | 49.43% | 1.91% | 21.26% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 22.51% | 8.37% | 37.95% | 8.09% | -13.60% | 24.50% | 16.41% | 31.50% | 0.27% | 16.07% |
Correlation
The correlation between WTCH.AS and IS3R.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 5, 2016 | 0.81 |
The correlation between WTCH.AS and IS3R.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.
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Return for Risk
WTCH.AS vs. IS3R.DE — Risk / Return Rank
WTCH.AS
IS3R.DE
WTCH.AS vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF (WTCH.AS) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.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.
| WTCH.AS | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 3.48 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.10 | 13.30 | -5.20 |
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
| WTCH.AS | IS3R.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.84 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.84 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 0.88 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.85 | +0.30 |
Drawdowns
WTCH.AS vs. IS3R.DE - Drawdown Comparison
The maximum WTCH.AS drawdown since its inception was -31.28%, roughly equal to the maximum IS3R.DE drawdown of -30.77%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and IS3R.DE.
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Drawdown Indicators
| WTCH.AS | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -30.77% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -9.01% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -23.57% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.06% | -23.57% | -6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -30.77% | -0.51% |
Current DrawdownCurrent decline from peak | -2.46% | -1.01% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -5.67% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 2.36% | +3.60% |
Volatility
WTCH.AS vs. IS3R.DE - Volatility Comparison
SPDR MSCI World Technology UCITS ETF (WTCH.AS) has a higher volatility of 7.02% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) at 5.96%. This indicates that WTCH.AS's price experiences larger fluctuations and is considered to be riskier than IS3R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTCH.AS | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 5.96% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 14.33% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 17.01% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 17.32% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 17.23% | +4.16% |
WTCH.AS vs. IS3R.DE - Expense Ratio Comparison
WTCH.AS has a 0.30% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
WTCH.AS vs. IS3R.DE - Dividend Comparison
Neither WTCH.AS nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
WTCH.AS and IS3R.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for WTCH.AS.
WTCH.AS is categorized as Technology Equities, while IS3R.DE is Momentum. WTCH.AS tracks MSCI World/Information Tech NR USD, while IS3R.DE tracks MSCI World Momentum Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WTCH.AS and 0.25% for IS3R.DE.
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