WTCH.AS vs. WHCS.AS
WTCH.AS (SPDR MSCI World Technology UCITS ETF) and WHCS.AS (iShares MSCI World Health Care Sector UCITS ETF USD Inc) are both exchange-traded funds - WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while WHCS.AS is a Health & Biotech Equities fund tracking the MSCI World/Health Care NR USD. Both are passively managed. Over the past 5 years, WTCH.AS returned 22.49%/yr vs 4.68%/yr for WHCS.AS. At a 0.45 correlation, their price movements are largely independent. WTCH.AS charges 0.30%/yr vs 1.00%/yr for WHCS.AS.
Performance
WTCH.AS vs. WHCS.AS - Performance Comparison
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Different Trading Currencies
WTCH.AS is traded in EUR, while WHCS.AS is traded in USD. To make them comparable, the WHCS.AS 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 higher than WHCS.AS's -2.00% 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%
WHCS.AS
- 1D
- 2.74%
- 1M
- 3.77%
- YTD
- -2.00%
- 6M
- -1.43%
- 1Y
- 7.43%
- 3Y*
- 0.68%
- 5Y*
- 4.68%
- 10Y*
- —
WTCH.AS vs. WHCS.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% | 10.80% |
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | -2.00% | 2.08% | 1.08% | 0.44% | 2.58% | 29.69% | 3.78% | 10.91% |
Correlation
The correlation between WTCH.AS and WHCS.AS is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2019 | 0.45 |
Over the past year, the correlation between WTCH.AS and WHCS.AS has dropped to 0.04 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
WTCH.AS vs. WHCS.AS — Risk / Return Rank
WTCH.AS
WHCS.AS
WTCH.AS vs. WHCS.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 iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.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 | WHCS.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.10 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.69 | +2.38 |
| Martin ratioReturn relative to average drawdown | 8.10 | 1.60 | +6.51 |
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 | WHCS.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 0.51 | +1.86 |
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 | 0.43 | +0.72 |
Drawdowns
WTCH.AS vs. WHCS.AS - Drawdown Comparison
The maximum WTCH.AS drawdown since its inception was -31.28%, which is greater than WHCS.AS's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and WHCS.AS.
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Drawdown Indicators
| WTCH.AS | WHCS.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.28% | -25.69% | -5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.67% | -10.69% | -4.98% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -22.29% | -7.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.06% | -22.29% | -7.77% |
Max Drawdown (10Y)Largest decline over 10 years | -31.28% | — | — |
Current DrawdownCurrent decline from peak | -2.46% | -9.52% | +7.06% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -5.76% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.96% | 4.63% | +1.33% |
Volatility
WTCH.AS vs. WHCS.AS - Volatility Comparison
SPDR MSCI World Technology UCITS ETF (WTCH.AS) has a higher volatility of 7.02% compared to iShares MSCI World Health Care Sector UCITS ETF USD Inc (WHCS.AS) at 5.06%. This indicates that WTCH.AS's price experiences larger fluctuations and is considered to be riskier than WHCS.AS 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 | WHCS.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 5.06% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 10.29% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 14.52% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 14.07% | +8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 16.22% | +5.17% |
WTCH.AS vs. WHCS.AS - Expense Ratio Comparison
WTCH.AS has a 0.30% expense ratio, which is lower than WHCS.AS's 1.00% expense ratio.
Dividends
WTCH.AS vs. WHCS.AS - Dividend Comparison
WTCH.AS has not paid dividends to shareholders, while WHCS.AS's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
WHCS.AS iShares MSCI World Health Care Sector UCITS ETF USD Inc | 1.08% | 1.05% | 1.04% | 1.15% | 1.08% | 1.08% | 1.20% | 0.10% |
WTCH.AS SPDR MSCI World Technology UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTCH.AS and WHCS.AS have a correlation of 0.04, 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 1.00% for WHCS.AS.
WTCH.AS is categorized as Technology Equities, while WHCS.AS is Health & Biotech Equities. WTCH.AS tracks MSCI World/Information Tech NR USD, while WHCS.AS tracks MSCI World/Health Care NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for WTCH.AS and 1.00% for WHCS.AS.
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