XNNV.DE vs. WDTE.DE

Last updated Jun 5, 2026

XNNV.DE (Xtrackers MSCI Innovation UCITS ETF 1C) and WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) are both Technology Equities funds - XNNV.DE tracks the MSCI ACWI IMI Innovation Select ESG Screened 200 while WDTE.DE tracks the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. Both are passively managed. Over the past 3 years, XNNV.DE returned 13.35%/yr vs 25.83%/yr for WDTE.DE. A 0.79 correlation means they provide meaningful diversification when combined. XNNV.DE charges 0.30%/yr vs 0.18%/yr for WDTE.DE.

Performance

XNNV.DE vs. WDTE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) and Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNNV.DE achieves a 5.08% return, which is significantly lower than WDTE.DE's 18.32% return.

XNNV.DE

• 1D: 1.03%
• 1M: 6.57%
• YTD: 5.08%
• 6M: 3.95%
• 1Y: 15.22%
• 3Y*: 13.35%
• 5Y*: —
• 10Y*: —

WDTE.DE

• 1D: -2.54%
• 1M: 10.74%
• YTD: 18.32%
• 6M: 17.59%
• 1Y: 35.87%
• 3Y*: 25.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XNNV.DE vs. WDTE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XNNV.DE Xtrackers MSCI Innovation UCITS ETF 1C	5.08%	2.05%	29.19%	14.25%
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc	18.32%	6.19%	42.11%	32.17%

Correlation

The correlation between XNNV.DE and WDTE.DE is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.79

The correlation between XNNV.DE and WDTE.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

Return for Risk

XNNV.DE vs. WDTE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XNNV.DE

XNNV.DE Risk / Return Rank: 26
XNNV.DE Sharpe Ratio Rank: 29
XNNV.DE Sortino Ratio Rank: 28
XNNV.DE Omega Ratio Rank: 27
XNNV.DE Calmar Ratio Rank: 23
XNNV.DE Martin Ratio Rank: 23

WDTE.DE

WDTE.DE Risk / Return Rank: 50
WDTE.DE Sharpe Ratio Rank: 56
WDTE.DE Sortino Ratio Rank: 52
WDTE.DE Omega Ratio Rank: 52
WDTE.DE Calmar Ratio Rank: 48
WDTE.DE Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XNNV.DE vs. WDTE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.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.

	XNNV.DE	WDTE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.88	-0.85
Sortino ratio: Return per unit of downside risk	1.48	2.51	-1.02
Omega ratio: Gain probability vs. loss probability	1.18	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.01	2.33	-1.32
Martin ratio: Return relative to average drawdown	2.80	6.14	-3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNNV.DE vs. WDTE.DE - Sharpe Ratio Comparison

The current XNNV.DE Sharpe Ratio is 1.03, which is lower than the WDTE.DE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of XNNV.DE and WDTE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XNNV.DE	WDTE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.88	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.44	-0.77

Drawdowns

XNNV.DE vs. WDTE.DE - Drawdown Comparison

The maximum XNNV.DE drawdown since its inception was -25.90%, smaller than the maximum WDTE.DE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for XNNV.DE and WDTE.DE.

Drawdown Indicators

	XNNV.DE	WDTE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.90%	-28.19%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-15.02%	-15.79%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-25.90%	-28.19%	+2.29%
Current Drawdown Current decline from peak	-0.91%	-3.63%	+2.72%
Average Drawdown Average peak-to-trough decline	-6.64%	-4.97%	-1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	5.99%	-0.58%

Volatility

XNNV.DE vs. WDTE.DE - Volatility Comparison

The current volatility for Xtrackers MSCI Innovation UCITS ETF 1C (XNNV.DE) is 3.84%, while Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a volatility of 8.26%. This indicates that XNNV.DE experiences smaller price fluctuations and is considered to be less risky than WDTE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNNV.DE	WDTE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	8.26%	-4.42%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	15.09%	-4.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	19.51%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.07%	21.74%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	21.74%	-3.67%

XNNV.DE vs. WDTE.DE - Expense Ratio Comparison

XNNV.DE has a 0.30% expense ratio, which is higher than WDTE.DE's 0.18% expense ratio.

Dividends

XNNV.DE vs. WDTE.DE - Dividend Comparison

Neither XNNV.DE nor WDTE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XNNV.DE and WDTE.DE in my portfolio?

XNNV.DE and WDTE.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNNV.DE or WDTE.DE?

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.

Which ETF is cheaper, XNNV.DE or WDTE.DE?

WDTE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for XNNV.DE.

What is the main difference between XNNV.DE and WDTE.DE?

XNNV.DE tracks MSCI ACWI IMI Innovation Select ESG Screened 200, while WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.30% for XNNV.DE and 0.18% for WDTE.DE.