WTCH.AS vs. WTEL.L

Last updated Jun 5, 2026

WTCH.AS (SPDR MSCI World Technology UCITS ETF) and WTEL.L (SPDR MSCI World Telecommunications UCITS ETF) are both exchange-traded funds - WTCH.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while WTEL.L is a Communications Equities fund tracking the MSCI World/Comm Services NR USD. Both are passively managed. Over the past 10 years, WTCH.AS returned 23.98%/yr vs 10.54%/yr for WTEL.L. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

WTCH.AS vs. WTEL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Technology UCITS ETF (WTCH.AS) and SPDR MSCI World Telecommunications UCITS ETF (WTEL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WTCH.AS is traded in EUR, while WTEL.L is traded in USD. To make them comparable, the WTEL.L 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 WTEL.L's 4.92% return. Over the past 10 years, WTCH.AS has outperformed WTEL.L with an annualized return of 23.98%, while WTEL.L has yielded a comparatively lower 10.54% 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%

WTEL.L

• 1D: 1.40%
• 1M: -0.28%
• YTD: 4.92%
• 6M: 3.64%
• 1Y: 23.35%
• 3Y*: 23.60%
• 5Y*: 11.81%
• 10Y*: 10.54%

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

WTCH.AS vs. WTEL.L - 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%
WTEL.L SPDR MSCI World Telecommunications UCITS ETF	4.92%	13.55%	43.95%	42.66%	-33.93%	24.58%	12.31%	29.00%	-5.75%	-6.49%

Correlation

The correlation between WTCH.AS and WTEL.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 5, 2016	0.63

Over the past year, the correlation between WTCH.AS and WTEL.L has dropped to 0.41 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

WTCH.AS vs. WTEL.L — 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

WTEL.L

WTEL.L Risk / Return Rank: 49
WTEL.L Sharpe Ratio Rank: 50
WTEL.L Sortino Ratio Rank: 56
WTEL.L Omega Ratio Rank: 47
WTEL.L Calmar Ratio Rank: 43
WTEL.L Martin Ratio Rank: 51

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. WTEL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF (WTCH.AS) and SPDR MSCI World Telecommunications UCITS ETF (WTEL.L). 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	WTEL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.57	+0.79
Sortino ratio: Return per unit of downside risk	3.09	2.30	+0.79
Omega ratio: Gain probability vs. loss probability	1.39	1.27	+0.12
Calmar ratio: Return relative to maximum drawdown	3.06	2.39	+0.67
Martin ratio: Return relative to average drawdown	8.10	8.78	-0.67
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. WTEL.L - Sharpe Ratio Comparison

The current WTCH.AS Sharpe Ratio is 2.37, which is higher than the WTEL.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of WTCH.AS and WTEL.L, 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	WTEL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	1.57	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.63	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.11	0.59	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.60	+0.54

Drawdowns

WTCH.AS vs. WTEL.L - Drawdown Comparison

The maximum WTCH.AS drawdown since its inception was -31.28%, smaller than the maximum WTEL.L drawdown of -36.81%. Use the drawdown chart below to compare losses from any high point for WTCH.AS and WTEL.L.

Drawdown Indicators

	WTCH.AS	WTEL.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.28%	-36.81%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.67%	-9.73%	-5.94%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-23.36%	-6.70%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-36.81%	+6.75%
Max Drawdown (10Y) Largest decline over 10 years	-31.28%	-36.81%	+5.53%
Current Drawdown Current decline from peak	-2.46%	-2.73%	+0.27%
Average Drawdown Average peak-to-trough decline	-5.89%	-8.40%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	2.66%	+3.30%

Volatility

WTCH.AS vs. WTEL.L - Volatility Comparison

SPDR MSCI World Technology UCITS ETF (WTCH.AS) has a higher volatility of 7.02% compared to SPDR MSCI World Telecommunications UCITS ETF (WTEL.L) at 4.06%. This indicates that WTCH.AS's price experiences larger fluctuations and is considered to be riskier than WTEL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTCH.AS	WTEL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	4.06%	+2.96%
Volatility (6M) Calculated over the trailing 6-month period	14.82%	10.46%	+4.36%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	14.81%	+5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	18.85%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	18.00%	+3.39%

WTCH.AS vs. WTEL.L - Expense Ratio Comparison

Both WTCH.AS and WTEL.L have an expense ratio of 0.30%.

Dividends

WTCH.AS vs. WTEL.L - Dividend Comparison

Neither WTCH.AS nor WTEL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

WTCH.AS and WTEL.L have a correlation of 0.41, 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 WTEL.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTCH.AS or WTEL.L?

WTCH.AS and WTEL.L have the same expense ratio: 0.30% per year.

What is the main difference between WTCH.AS and WTEL.L?

WTCH.AS is categorized as Technology Equities, while WTEL.L is Communications Equities. WTCH.AS tracks MSCI World/Information Tech NR USD, while WTEL.L tracks MSCI World/Comm Services NR USD.