WTEJ.DE vs. L0CK.DE
WTEJ.DE (WisdomTree Cloud Computing UCITS ETF USD Acc) and L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) are both Technology Equities funds - WTEJ.DE tracks the BVP Nasdaq Emerging Cloud while L0CK.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, WTEJ.DE returned -6.47%/yr vs 10.97%/yr for L0CK.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
WTEJ.DE vs. L0CK.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 L0CK.DE's 19.85% 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*
- —
L0CK.DE
- 1D
- -2.66%
- 1M
- 11.33%
- YTD
- 19.85%
- 6M
- 20.34%
- 1Y
- 22.13%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
WTEJ.DE vs. L0CK.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% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 4.95% |
Correlation
The correlation between WTEJ.DE and L0CK.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | 0.77 |
The correlation between WTEJ.DE and L0CK.DE shifts across timeframes, from 0.71 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WTEJ.DE vs. L0CK.DE — Risk / Return Rank
WTEJ.DE
L0CK.DE
WTEJ.DE vs. L0CK.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 iShares Digital Security UCITS ETF USD (Acc) (L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.81 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.55 | 4.44 | -4.99 |
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 | L0CK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.09 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | 0.55 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.60 | -0.49 |
Drawdowns
WTEJ.DE vs. L0CK.DE - Drawdown Comparison
The maximum WTEJ.DE drawdown since its inception was -63.60%, which is greater than L0CK.DE's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for WTEJ.DE and L0CK.DE.
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Drawdown Indicators
| WTEJ.DE | L0CK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.60% | -32.50% | -31.10% |
Max Drawdown (1Y)Largest decline over 1 year | -36.22% | -12.47% | -23.75% |
Max Drawdown (3Y)Largest decline over 3 years | -48.59% | -27.07% | -21.52% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -28.54% | -35.06% |
Current DrawdownCurrent decline from peak | -48.45% | -3.17% | -45.28% |
Average DrawdownAverage peak-to-trough decline | -35.70% | -9.03% | -26.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 5.08% | +10.92% |
Volatility
WTEJ.DE vs. L0CK.DE - Volatility Comparison
WisdomTree Cloud Computing UCITS ETF USD Acc (WTEJ.DE) has a higher volatility of 15.88% compared to iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) at 8.18%. This indicates that WTEJ.DE's price experiences larger fluctuations and is considered to be riskier than L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 8.18% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 32.38% | 16.31% | +16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.29% | 20.67% | +15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 19.90% | +15.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.61% | 20.21% | +18.40% |
WTEJ.DE vs. L0CK.DE - Expense Ratio Comparison
Both WTEJ.DE and L0CK.DE have an expense ratio of 0.40%.
Dividends
WTEJ.DE vs. L0CK.DE - Dividend Comparison
Neither WTEJ.DE nor L0CK.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEJ.DE and L0CK.DE have a correlation of 0.71, 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 L0CK.DE have the same expense ratio: 0.40% per year.
WTEJ.DE tracks BVP Nasdaq Emerging Cloud, while L0CK.DE tracks STOXX® Global Digital Security. They also come from different issuers: WisdomTree and iShares.
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