WTEC.L vs. LOCK.L
Compare and contrast key facts about SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L) and iShares Digital Security UCITS ETF USD Acc (LOCK.L).
WTEC.L and LOCK.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WTEC.L is a passively managed fund by State Street that tracks the performance of the MSCI World Information Technology index. It was launched on Apr 29, 2016. LOCK.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Sep 7, 2018. Both WTEC.L and LOCK.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WTEC.L vs. LOCK.L - Performance Comparison
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WTEC.L vs. LOCK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WTEC.L SPDR MSCI World Technology UCITS ETF USD Acc | -7.94% | 22.22% | 34.07% | 54.87% | -31.49% | 29.89% | 44.12% | 46.72% | -15.75% |
LOCK.L iShares Digital Security UCITS ETF USD Acc | -3.30% | 11.36% | 16.83% | 33.97% | -29.10% | 16.48% | 26.98% | 28.45% | -12.58% |
Returns By Period
In the year-to-date period, WTEC.L achieves a -7.94% return, which is significantly lower than LOCK.L's -3.30% return.
WTEC.L
- 1D
- 4.09%
- 1M
- -2.75%
- YTD
- -7.94%
- 6M
- -6.32%
- 1Y
- 28.85%
- 3Y*
- 24.60%
- 5Y*
- 15.07%
- 10Y*
- —
LOCK.L
- 1D
- 4.40%
- 1M
- 1.41%
- YTD
- -3.30%
- 6M
- -4.76%
- 1Y
- 13.23%
- 3Y*
- 15.11%
- 5Y*
- 6.55%
- 10Y*
- —
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WTEC.L vs. LOCK.L - Expense Ratio Comparison
WTEC.L has a 0.30% expense ratio, which is lower than LOCK.L's 0.40% expense ratio.
Return for Risk
WTEC.L vs. LOCK.L — Risk / Return Rank
WTEC.L
LOCK.L
WTEC.L vs. LOCK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L) and iShares Digital Security UCITS ETF USD Acc (LOCK.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.
| WTEC.L | LOCK.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.62 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.77 | 0.98 | +0.79 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.13 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.05 | +0.60 |
Martin ratioReturn relative to average drawdown | 5.07 | 2.55 | +2.52 |
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
| WTEC.L | LOCK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.62 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.32 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.45 | +0.53 |
Correlation
The correlation between WTEC.L and LOCK.L is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WTEC.L vs. LOCK.L - Dividend Comparison
Neither WTEC.L nor LOCK.L has paid dividends to shareholders.
Drawdowns
WTEC.L vs. LOCK.L - Drawdown Comparison
The maximum WTEC.L drawdown since its inception was -35.96%, roughly equal to the maximum LOCK.L drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for WTEC.L and LOCK.L.
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Drawdown Indicators
| WTEC.L | LOCK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.96% | -36.04% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.86% | -11.90% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -35.96% | -36.04% | +0.08% |
Current DrawdownCurrent decline from peak | -12.90% | -7.77% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -9.77% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 4.80% | +0.68% |
Volatility
WTEC.L vs. LOCK.L - Volatility Comparison
The current volatility for SPDR MSCI World Technology UCITS ETF USD Acc (WTEC.L) is 6.86%, while iShares Digital Security UCITS ETF USD Acc (LOCK.L) has a volatility of 7.39%. This indicates that WTEC.L experiences smaller price fluctuations and is considered to be less risky than LOCK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEC.L | LOCK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 7.39% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 14.82% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 21.17% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.33% | 20.69% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 20.97% | +0.79% |