XMLD.DE vs. WDTE.DE
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - XMLD.DE tracks the ROBO Global Artificial Intelligence while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, XMLD.DE returned 32.03%/yr vs 23.37%/yr for WDTE.DE. A 0.79 correlation means they provide meaningful diversification when combined. XMLD.DE charges 0.49%/yr vs 0.18%/yr for WDTE.DE.
Performance
XMLD.DE vs. WDTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLD.DE achieves a 38.82% return, which is significantly higher than WDTE.DE's 14.23% return.
XMLD.DE
- 1D
- -1.67%
- 1M
- -1.44%
- 6M
- 36.84%
- YTD
- 38.82%
- 1Y
- 62.64%
- 3Y*
- 32.03%
- 5Y*
- 16.80%
- 10Y*
- —
WDTE.DE
- 1D
- 0.00%
- 1M
- -1.48%
- 6M
- 15.60%
- YTD
- 14.23%
- 1Y
- 24.13%
- 3Y*
- 23.37%
- 5Y*
- —
- 10Y*
- —
XMLD.DE vs. WDTE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 38.82% | 16.99% | 25.20% | 32.61% |
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc | 14.23% | 6.19% | 42.11% | 32.50% |
Correlation
The correlation between XMLD.DE and WDTE.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2023 | 0.79 |
The correlation between XMLD.DE and WDTE.DE has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
XMLD.DE vs. WDTE.DE — Risk / Return Rank
XMLD.DE
WDTE.DE
XMLD.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.DE) and Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMLD.DE | WDTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.95 | 1.54 | +2.41 |
| Martin ratioReturn relative to average drawdown | 10.32 | 3.73 | +6.60 |
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Drawdowns
XMLD.DE vs. WDTE.DE - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.77%, which is greater than WDTE.DE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for XMLD.DE and WDTE.DE.
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Drawdown Indicators
| XMLD.DE | WDTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -28.19% | -14.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -15.79% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -33.66% | -28.19% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -42.77% | — | — |
Current DrawdownCurrent decline from peak | -5.66% | -6.96% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -5.05% | -8.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 6.49% | -0.44% |
Volatility
XMLD.DE vs. WDTE.DE - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (XMLD.DE) has a higher volatility of 9.09% compared to Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) at 6.64%. This indicates that XMLD.DE's price experiences larger fluctuations and is considered to be riskier than WDTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLD.DE | WDTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 6.64% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.01% | 16.76% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.34% | 21.13% | +7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.56% | 21.89% | +5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 21.89% | +5.98% |
XMLD.DE vs. WDTE.DE - Expense Ratio Comparison
XMLD.DE has a 0.49% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.
Dividends
XMLD.DE vs. WDTE.DE - Dividend Comparison
Neither XMLD.DE nor WDTE.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and WDTE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDTE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for XMLD.DE.
XMLD.DE tracks ROBO Global Artificial Intelligence, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for XMLD.DE and 0.18% for WDTE.DE.
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