State Street
WTEC.SW
IE00BYTRRD19
State Street® SPDR® MSCI World Technology UCITS ETF
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About this ETF

The State Street SPDR MSCI World Technology UCITS ETF USD seeks to track the MSCI World Information Technology index. The MSCI World Information Technology index tracks the information technology sector of the developed markets worldwide (GICS sector classification).

TER
0.3%

Total Expense Ratio per year

Fund Size
€1.12B

Assets under management

Holdings
131

Underlying equities

Dividend Yield
-

Accumulating

Fundamentals & Estimates

Weighted valuation multiples and analyst forecasts

Valuation Multiples
Weighted P/E
33.11
Weighted Fwd P/E
19.33
💰 Revenue Estimates
Current Year CY
+44.44% ⌀ 39 Analysts Coverage
Next Year NY
+31.18% ⌀ 41 Analysts Coverage
📈 EPS Estimates (Earnings Per Share)
Current Year CY
+59.93% ⌀ 37 Analysts Coverage
Next Year NY
+34.12% ⌀ 37 Analysts Coverage

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ETF Profile
Fund Type
ETF
Inception Date
04/29/2016 (10 yrs)
Index Group
MSCI World
Region
World
Country
-
Strategy
-
Theme
-
Distribution Policy
Accumulating
Replication
Full replication
Sustainable
No

🛡️ Risk & Structural Analysis

Multi-Factor Risk Model & Market Data

7/7 Very High
28/100 Low (Concentration Risk)
Diversification Score
28/100 Low (Concentration Risk)
5Y Volatility
25.6% p.a.
Max Drawdown (5Y)
-38.3%
Sharpe Ratio (5Y)
0.71
Notes & Warnings
Fund Volume (AUM) 🟢 Established large fund (> 500M € AUM)
⚠️ Elevated valuation: Avg P/E of 33.1
🔴 Extreme top 10 holdings concentration: 69% of fund in top 10 positions.
🔴 Severe sector concentration risk: 100% in "Technology".
⚠️ Industry concentration: 38% in "Semiconductors".
ℹ️ Tech-Capex Exposure: 73% in semiconductors & hardware – dependent on hyperscaler capex cycles.
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