WTCH.AS vs. NADQ.DE

Last updated Jun 5, 2026

WTCH.AS (SPDR MSCI World Technology UCITS ETF) and NADQ.DE (Amundi Nasdaq-100 II UCITS ETF Dist) are both exchange-traded funds - WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while NADQ.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 10 years, WTCH.AS returned 23.98%/yr vs 21.45%/yr for NADQ.DE. Their correlation of 0.92 suggests significant overlap in exposure. WTCH.AS charges 0.30%/yr vs 0.22%/yr for NADQ.DE.

Performance

WTCH.AS vs. NADQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Technology UCITS ETF (WTCH.AS) and Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTCH.AS achieves a 25.44% return, which is significantly higher than NADQ.DE's 20.63% return. Over the past 10 years, WTCH.AS has outperformed NADQ.DE with an annualized return of 23.98%, while NADQ.DE has yielded a comparatively lower 21.45% annualized return.

WTCH.AS

• 1D: -1.95%
• 1M: 10.13%
• YTD: 25.44%
• 6M: 22.27%
• 1Y: 47.64%
• 3Y*: 29.25%
• 5Y*: 22.49%
• 10Y*: 23.98%

NADQ.DE

• 1D: -0.86%
• 1M: 5.87%
• YTD: 20.63%
• 6M: 18.85%
• 1Y: 37.49%
• 3Y*: 24.74%
• 5Y*: 18.92%
• 10Y*: 21.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTCH.AS vs. NADQ.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%
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	20.63%	7.04%	34.07%	51.46%	-29.91%	39.75%	34.72%	43.03%	3.29%	15.73%

Correlation

The correlation between WTCH.AS and NADQ.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 4, 2016	0.92

The correlation between WTCH.AS and NADQ.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

WTCH.AS vs. NADQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTCH.AS

WTCH.AS Risk / Return Rank: 64
WTCH.AS Sharpe Ratio Rank: 74
WTCH.AS Sortino Ratio Rank: 68
WTCH.AS Omega Ratio Rank: 65
WTCH.AS Calmar Ratio Rank: 63
WTCH.AS Martin Ratio Rank: 49

NADQ.DE

NADQ.DE Risk / Return Rank: 72
NADQ.DE Sharpe Ratio Rank: 75
NADQ.DE Sortino Ratio Rank: 72
NADQ.DE Omega Ratio Rank: 72
NADQ.DE Calmar Ratio Rank: 76
NADQ.DE Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTCH.AS vs. NADQ.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 Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.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	NADQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.40	-0.04
Sortino ratio: Return per unit of downside risk	3.09	3.19	-0.10
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	3.06	3.79	-0.73
Martin ratio: Return relative to average drawdown	8.10	11.32	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTCH.AS vs. NADQ.DE - Sharpe Ratio Comparison

The current WTCH.AS Sharpe Ratio is 2.37, which is comparable to the NADQ.DE Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of WTCH.AS and NADQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTCH.AS	NADQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.40	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.94	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	1.11	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.97	+0.18

Drawdowns

WTCH.AS vs. NADQ.DE - Drawdown Comparison

The maximum WTCH.AS drawdown since its inception was -31.28%, smaller than the maximum NADQ.DE drawdown of -33.44%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and NADQ.DE.

Drawdown Indicators

	WTCH.AS	NADQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-33.44%	+2.16%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-9.97%	-5.70%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-26.70%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-31.16%	+1.10%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	-31.16%	-0.12%
Current Drawdown Current decline from peak	-2.46%	-0.86%	-1.60%
Average Drawdown Average peak-to-trough decline	-5.89%	-5.93%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	3.35%	+2.61%

Volatility

WTCH.AS vs. NADQ.DE - Volatility Comparison

SPDR MSCI World Technology UCITS ETF (WTCH.AS) has a higher volatility of 7.02% compared to Amundi Nasdaq-100 II UCITS ETF Dist (NADQ.DE) at 4.26%. This indicates that WTCH.AS's price experiences larger fluctuations and is considered to be riskier than NADQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTCH.AS	NADQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	4.26%	+2.76%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	10.95%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	15.74%	+4.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	19.84%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	19.54%	+1.85%

WTCH.AS vs. NADQ.DE - Expense Ratio Comparison

WTCH.AS has a 0.30% expense ratio, which is higher than NADQ.DE's 0.22% expense ratio.

Dividends

WTCH.AS vs. NADQ.DE - Dividend Comparison

WTCH.AS has not paid dividends to shareholders, while NADQ.DE's dividend yield for the trailing twelve months is around 0.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NADQ.DE Amundi Nasdaq-100 II UCITS ETF Dist	0.33%	0.40%	0.55%	0.40%	0.79%	0.51%	0.40%	0.54%	0.63%
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%

Frequently Asked Questions

Can I hold both WTCH.AS and NADQ.DE in my portfolio?

With a correlation of 0.94, WTCH.AS and NADQ.DE 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.

Which ETF is better, WTCH.AS or NADQ.DE?

On fees, NADQ.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTCH.AS or NADQ.DE?

NADQ.DE is cheaper with a 0.22% expense ratio, compared with 0.30% for WTCH.AS.

What is the main difference between WTCH.AS and NADQ.DE?

WTCH.AS is categorized as Technology Equities, while NADQ.DE is Nasdaq-100. WTCH.AS tracks MSCI World/Information Tech NR USD, while NADQ.DE tracks Nasdaq 100®. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for WTCH.AS and 0.22% for NADQ.DE.