WTCH.AS vs. SKYE.AS

Last updated Jun 5, 2026

WTCH.AS (SPDR MSCI World Technology UCITS ETF) and SKYE.AS (First Trust Cloud Computing UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and First Trust respectively. Both are passively managed. Over the past 5 years, WTCH.AS returned 22.49%/yr vs 9.62%/yr for SKYE.AS. A 0.76 correlation means they provide meaningful diversification when combined. WTCH.AS charges 0.30%/yr vs 0.60%/yr for SKYE.AS.

Performance

WTCH.AS vs. SKYE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Technology UCITS ETF (WTCH.AS) and First Trust Cloud Computing UCITS ETF (SKYE.AS). 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 SKYE.AS's 15.11% 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%

SKYE.AS

• 1D: 0.45%
• 1M: 15.58%
• YTD: 15.11%
• 6M: 14.77%
• 1Y: 24.89%
• 3Y*: 22.35%
• 5Y*: 9.62%
• 10Y*: —

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

WTCH.AS vs. SKYE.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WTCH.AS SPDR MSCI World Technology UCITS ETF	25.44%	8.41%	43.39%	49.09%	-27.66%	40.88%	31.79%	31.92%
SKYE.AS First Trust Cloud Computing UCITS ETF	15.11%	-3.90%	46.43%	47.67%	-42.36%	20.22%	45.33%	9.54%

Correlation

The correlation between WTCH.AS and SKYE.AS is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 14, 2019	0.76

The correlation between WTCH.AS and SKYE.AS has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

Return for Risk

WTCH.AS vs. SKYE.AS — 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

SKYE.AS

SKYE.AS Risk / Return Rank: 23
SKYE.AS Sharpe Ratio Rank: 25
SKYE.AS Sortino Ratio Rank: 25
SKYE.AS Omega Ratio Rank: 27
SKYE.AS Calmar Ratio Rank: 21
SKYE.AS Martin Ratio Rank: 18

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. SKYE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF (WTCH.AS) and First Trust Cloud Computing UCITS ETF (SKYE.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.

	WTCH.AS	SKYE.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.37	0.87	+1.50
Sortino ratio: Return per unit of downside risk	3.09	1.35	+1.74
Omega ratio: Gain probability vs. loss probability	1.39	1.17	+0.21
Calmar ratio: Return relative to maximum drawdown	3.06	0.88	+2.18
Martin ratio: Return relative to average drawdown	8.10	1.94	+6.16
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. SKYE.AS - Sharpe Ratio Comparison

The current WTCH.AS Sharpe Ratio is 2.37, which is higher than the SKYE.AS Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of WTCH.AS and SKYE.AS, 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	SKYE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.87	+1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.33	+0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.51	+0.63

Drawdowns

WTCH.AS vs. SKYE.AS - Drawdown Comparison

The maximum WTCH.AS drawdown since its inception was -31.28%, smaller than the maximum SKYE.AS drawdown of -49.60%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and SKYE.AS.

Drawdown Indicators

	WTCH.AS	SKYE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-49.60%	+18.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-27.79%	+12.12%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-36.27%	+6.21%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-49.60%	+19.54%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	—	—
Current Drawdown Current decline from peak	-2.46%	-2.74%	+0.28%
Average Drawdown Average peak-to-trough decline	-5.89%	-17.17%	+11.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	12.70%	-6.74%

Volatility

WTCH.AS vs. SKYE.AS - Volatility Comparison

The current volatility for SPDR MSCI World Technology UCITS ETF (WTCH.AS) is 7.02%, while First Trust Cloud Computing UCITS ETF (SKYE.AS) has a volatility of 11.46%. This indicates that WTCH.AS experiences smaller price fluctuations and is considered to be less risky than SKYE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTCH.AS	SKYE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	11.46%	-4.44%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	23.69%	-8.87%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	28.38%	-8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	28.97%	-6.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	28.81%	-7.42%

WTCH.AS vs. SKYE.AS - Expense Ratio Comparison

WTCH.AS has a 0.30% expense ratio, which is lower than SKYE.AS's 0.60% expense ratio.

Dividends

WTCH.AS vs. SKYE.AS - Dividend Comparison

Neither WTCH.AS nor SKYE.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

WTCH.AS and SKYE.AS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTCH.AS or SKYE.AS?

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.

Which ETF is cheaper, WTCH.AS or SKYE.AS?

WTCH.AS is cheaper with a 0.30% expense ratio, compared with 0.60% for SKYE.AS.

What is the main difference between WTCH.AS and SKYE.AS?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.30% for WTCH.AS and 0.60% for SKYE.AS.