XDWT.L vs. TECW.L
XDWT.L (Xtrackers MSCI World Information Technology UCITS ETF 1C) and TECW.L (SPDR MSCI World Technology UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Xtrackers and State Street respectively. Both are passively managed. Over the past 3 years, XDWT.L returned 32.85%/yr vs 32.86%/yr for TECW.L. Their correlation of 0.93 suggests significant overlap in exposure. XDWT.L charges 0.25%/yr vs 0.30%/yr for TECW.L.
Performance
XDWT.L vs. TECW.L - Performance Comparison
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Different Trading Currencies
XDWT.L is traded in USD, while TECW.L is traded in GBP. To make them comparable, the TECW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XDWT.L having a 24.10% return and TECW.L slightly lower at 24.00%.
XDWT.L
- 1D
- -1.87%
- 1M
- 13.92%
- YTD
- 24.10%
- 6M
- 23.59%
- 1Y
- 51.40%
- 3Y*
- 32.85%
- 5Y*
- 21.37%
- 10Y*
- 24.28%
TECW.L
- 1D
- -1.86%
- 1M
- 14.14%
- YTD
- 24.00%
- 6M
- 23.69%
- 1Y
- 51.07%
- 3Y*
- 32.86%
- 5Y*
- —
- 10Y*
- —
XDWT.L vs. TECW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDWT.L Xtrackers MSCI World Information Technology UCITS ETF 1C | 24.10% | 22.42% | 33.90% | 54.82% | -24.44% |
TECW.L SPDR MSCI World Technology UCITS ETF | 24.00% | 22.43% | 34.05% | 54.07% | -24.18% |
Correlation
The correlation between XDWT.L and TECW.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.93 |
The correlation between XDWT.L and TECW.L has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.
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Return for Risk
XDWT.L vs. TECW.L — Risk / Return Rank
XDWT.L
TECW.L
XDWT.L vs. TECW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.L) and SPDR MSCI World Technology UCITS ETF (TECW.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.
| XDWT.L | TECW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.07 | -0.03 |
| Martin ratioReturn relative to average drawdown | 9.02 | 9.25 | -0.23 |
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
| XDWT.L | TECW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 2.56 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.99 | +0.12 |
Drawdowns
XDWT.L vs. TECW.L - Drawdown Comparison
The maximum XDWT.L drawdown since its inception was -35.99%, which is greater than TECW.L's maximum drawdown of -29.34%. Use the drawdown chart below to compare losses from any high point for XDWT.L and TECW.L.
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Drawdown Indicators
| XDWT.L | TECW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -29.34% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.86% | -16.58% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -26.10% | -26.53% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -2.63% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -7.59% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 5.51% | +0.17% |
Volatility
XDWT.L vs. TECW.L - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.L) has a higher volatility of 7.39% compared to SPDR MSCI World Technology UCITS ETF (TECW.L) at 6.88%. This indicates that XDWT.L's price experiences larger fluctuations and is considered to be riskier than TECW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDWT.L | TECW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 6.88% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 15.05% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 19.82% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 23.33% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 23.33% | -1.24% |
XDWT.L vs. TECW.L - Expense Ratio Comparison
XDWT.L has a 0.25% expense ratio, which is lower than TECW.L's 0.30% expense ratio.
Dividends
XDWT.L vs. TECW.L - Dividend Comparison
Neither XDWT.L nor TECW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, XDWT.L and TECW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XDWT.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDWT.L is cheaper with a 0.25% expense ratio, compared with 0.30% for TECW.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDWT.L and 0.30% for TECW.L.
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