CE31.L vs. IITU.L
CE31.L (iShares Euro Government Bond 1-3yr UCITS ETF (Acc)) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both exchange-traded funds - CE31.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while IITU.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, CE31.L returned 1.34%/yr vs 27.26%/yr for IITU.L. At a 0.10 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
CE31.L vs. IITU.L - Performance Comparison
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Returns By Period
In the year-to-date period, CE31.L achieves a -0.69% return, which is significantly lower than IITU.L's 23.25% return. Over the past 10 years, CE31.L has underperformed IITU.L with an annualized return of 1.34%, while IITU.L has yielded a comparatively higher 27.26% annualized return.
CE31.L
- 1D
- 0.18%
- 1M
- 0.53%
- YTD
- -0.69%
- 6M
- -0.65%
- 1Y
- 3.69%
- 3Y*
- 2.80%
- 5Y*
- 0.96%
- 10Y*
- 1.34%
IITU.L
- 1D
- -2.08%
- 1M
- 14.24%
- YTD
- 23.25%
- 6M
- 22.00%
- 1Y
- 53.38%
- 3Y*
- 30.94%
- 5Y*
- 25.50%
- 10Y*
- 27.26%
CE31.L vs. IITU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CE31.L iShares Euro Government Bond 1-3yr UCITS ETF (Acc) | -0.69% | 7.55% | -1.61% | 1.46% | 1.17% | -7.40% | 5.40% | -4.80% | 0.64% | 3.54% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 23.25% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | 4.28% | 25.57% |
Correlation
The correlation between CE31.L and IITU.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015 | 0.10 |
The correlation between CE31.L and IITU.L shifts across timeframes, from -0.05 (3 years) to 0.11 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CE31.L vs. IITU.L — Risk / Return Rank
CE31.L
IITU.L
CE31.L vs. IITU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) and iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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.
| CE31.L | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.44 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 3.17 | -1.77 |
| Martin ratioReturn relative to average drawdown | 3.13 | 8.17 | -5.04 |
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
| CE31.L | IITU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.71 | -1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.16 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 1.28 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 1.23 | -1.15 |
Drawdowns
CE31.L vs. IITU.L - Drawdown Comparison
The maximum CE31.L drawdown since its inception was -18.33%, smaller than the maximum IITU.L drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for CE31.L and IITU.L.
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Drawdown Indicators
| CE31.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.33% | -28.03% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -16.76% | +14.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.05% | -28.03% | +24.98% |
Max Drawdown (5Y)Largest decline over 5 years | -5.98% | -28.03% | +22.05% |
Max Drawdown (10Y)Largest decline over 10 years | -13.14% | -28.03% | +14.89% |
Current DrawdownCurrent decline from peak | -3.78% | -2.89% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -5.14% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 6.51% | -5.34% |
Volatility
CE31.L vs. IITU.L - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Acc) (CE31.L) is 1.27%, while iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) has a volatility of 7.01%. This indicates that CE31.L experiences smaller price fluctuations and is considered to be less risky than IITU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CE31.L | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 7.01% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 14.45% | -11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 19.60% | -15.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 21.94% | -16.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 21.31% | -14.24% |
CE31.L vs. IITU.L - Expense Ratio Comparison
Both CE31.L and IITU.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CE31.L vs. IITU.L - Dividend Comparison
Neither CE31.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
CE31.L and IITU.L have a correlation of -0.02, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CE31.L and IITU.L have the same expense ratio: 0.15% per year.
CE31.L is categorized as European Government Bonds, while IITU.L is Technology Equities. CE31.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index.
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