WTCH.AS vs. IXN
WTCH.AS (SPDR MSCI World Technology UCITS ETF) and IXN (iShares Global Tech ETF) are both Technology Equities funds - WTCH.AS tracks the MSCI World/Information Tech NR USD while IXN tracks the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, WTCH.AS returned 23.98%/yr vs 25.03%/yr for IXN. A 0.65 correlation means they provide meaningful diversification when combined. WTCH.AS charges 0.30%/yr vs 0.46%/yr for IXN.
Performance
WTCH.AS vs. IXN - Performance Comparison
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Different Trading Currencies
WTCH.AS is traded in EUR, while IXN is traded in USD. To make them comparable, the IXN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WTCH.AS achieves a 25.44% return, which is significantly lower than IXN's 40.60% return. Both investments have delivered pretty close results over the past 10 years, with WTCH.AS having a 23.98% annualized return and IXN not far ahead at 25.03%.
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%
IXN
- 1D
- -1.67%
- 1M
- 17.60%
- YTD
- 40.60%
- 6M
- 39.48%
- 1Y
- 68.32%
- 3Y*
- 31.99%
- 5Y*
- 24.01%
- 10Y*
- 25.03%
WTCH.AS vs. IXN - 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% |
IXN iShares Global Tech ETF | 40.60% | 10.39% | 33.08% | 48.40% | -25.52% | 39.28% | 31.78% | 51.22% | -1.00% | 23.87% |
Correlation
The correlation between WTCH.AS and IXN is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 5, 2016 | 0.65 |
The correlation between WTCH.AS and IXN shifts across timeframes, from 0.65 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WTCH.AS vs. IXN — Risk / Return Rank
WTCH.AS
IXN
WTCH.AS vs. IXN - 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 Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.50 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 5.38 | -2.32 |
| Martin ratioReturn relative to average drawdown | 8.10 | 15.89 | -7.79 |
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 | IXN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 3.13 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 1.00 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 1.03 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.73 | +0.41 |
Drawdowns
WTCH.AS vs. IXN - Drawdown Comparison
The maximum WTCH.AS drawdown since its inception was -31.28%, smaller than the maximum IXN drawdown of -49.07%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and IXN.
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Drawdown Indicators
| WTCH.AS | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -49.07% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -12.76% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -29.13% | -0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.06% | -29.13% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | -32.12% | +0.84% |
Current DrawdownCurrent decline from peak | -2.46% | -2.38% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -8.46% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 4.31% | +1.65% |
Volatility
WTCH.AS vs. IXN - Volatility Comparison
The current volatility for SPDR MSCI World Technology UCITS ETF (WTCH.AS) is 7.02%, while iShares Global Tech ETF (IXN) has a volatility of 7.51%. This indicates that WTCH.AS experiences smaller price fluctuations and is considered to be less risky than IXN 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 | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 7.51% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 17.09% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 21.91% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 24.24% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 24.48% | -3.09% |
WTCH.AS vs. IXN - Expense Ratio Comparison
WTCH.AS has a 0.30% expense ratio, which is lower than IXN's 0.46% expense ratio.
Dividends
WTCH.AS vs. IXN - Dividend Comparison
WTCH.AS has not paid dividends to shareholders, while IXN's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.75% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
WTCH.AS SPDR MSCI World Technology UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTCH.AS and IXN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTCH.AS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTCH.AS is cheaper with a 0.30% expense ratio, compared with 0.46% for IXN.
WTCH.AS tracks MSCI World/Information Tech NR USD, while IXN tracks S&P Global Information Technology Sector Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WTCH.AS and 0.46% for IXN.
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