WTEJ.DE vs. E908.DE
WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) and E908.DE (Amundi TecDAX UCITS ETF Dist) are both Technology Equities funds - WTEJ.DE tracks the BVP Nasdaq Emerging Cloud while E908.DE tracks the TecDAX®. Both are passively managed. Over the past 5 years, WTEJ.DE returned -6.47%/yr vs 3.88%/yr for E908.DE. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
WTEJ.DE vs. E908.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEJ.DE achieves a -3.77% return, which is significantly lower than E908.DE's 15.75% return.
WTEJ.DE
- 1D
- 1.76%
- 1M
- 18.51%
- YTD
- -3.77%
- 6M
- -4.08%
- 1Y
- -10.28%
- 3Y*
- 0.54%
- 5Y*
- -6.47%
- 10Y*
- —
E908.DE
- 1D
- 0.58%
- 1M
- 10.06%
- YTD
- 15.75%
- 6M
- 16.03%
- 1Y
- 5.63%
- 3Y*
- 8.69%
- 5Y*
- 3.88%
- 10Y*
- —
WTEJ.DE vs. E908.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc | -3.77% | -16.66% | 12.94% | 39.67% | -50.17% | 4.71% | 90.46% | 4.50% |
E908.DE Amundi TecDAX UCITS ETF Dist | 15.75% | 5.30% | 2.57% | 12.83% | -25.90% | 21.42% | 6.03% | 4.64% |
Correlation
The correlation between WTEJ.DE and E908.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.52 |
The correlation between WTEJ.DE and E908.DE has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.
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Return for Risk
WTEJ.DE vs. E908.DE — Risk / Return Rank
WTEJ.DE
E908.DE
WTEJ.DE vs. E908.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) and Amundi TecDAX UCITS ETF Dist (E908.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.
| WTEJ.DE | E908.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.42 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.55 | 0.84 | -1.39 |
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
| WTEJ.DE | E908.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.36 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.20 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.48 | -0.36 |
Drawdowns
WTEJ.DE vs. E908.DE - Drawdown Comparison
The maximum WTEJ.DE drawdown since its inception was -63.60%, which is greater than E908.DE's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for WTEJ.DE and E908.DE.
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Drawdown Indicators
| WTEJ.DE | E908.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -34.82% | -28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -36.22% | -15.93% | -20.29% |
Max Drawdown (3Y)Largest decline over 3 years | -48.59% | -17.88% | -30.71% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -34.82% | -28.78% |
Current DrawdownCurrent decline from peak | -48.45% | -1.00% | -47.45% |
Average DrawdownAverage peak-to-trough decline | -35.70% | -10.64% | -25.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 7.92% | +8.08% |
Volatility
WTEJ.DE vs. E908.DE - Volatility Comparison
WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a higher volatility of 15.88% compared to Amundi TecDAX UCITS ETF Dist (E908.DE) at 5.12%. This indicates that WTEJ.DE's price experiences larger fluctuations and is considered to be riskier than E908.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEJ.DE | E908.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 5.12% | +10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 32.38% | 14.39% | +17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.29% | 18.35% | +17.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 18.80% | +16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.61% | 19.37% | +19.24% |
WTEJ.DE vs. E908.DE - Expense Ratio Comparison
Both WTEJ.DE and E908.DE have an expense ratio of 0.40%.
Dividends
WTEJ.DE vs. E908.DE - Dividend Comparison
WTEJ.DE has not paid dividends to shareholders, while E908.DE's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
E908.DE Amundi TecDAX UCITS ETF Dist | 0.86% | 1.00% | 1.00% | 1.71% | 1.08% | 0.50% | 0.60% | 0.93% | 0.90% | 0.84% |
WTEJ.DE WisdomTree Cloud Computing UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTEJ.DE and E908.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
WTEJ.DE and E908.DE have the same expense ratio: 0.40% per year.
WTEJ.DE tracks BVP Nasdaq Emerging Cloud, while E908.DE tracks TecDAX®. They also come from different issuers: WisdomTree and Amundi.
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