CLO6.L vs. ESIT.L
CLO6.L (Global X Cloud Computing UCITS ETF) and ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and iShares respectively. Both are passively managed. Over the past 3 years, CLO6.L returned 7.19%/yr vs 24.77%/yr for ESIT.L. A 0.55 correlation means they provide meaningful diversification when combined. CLO6.L charges 0.55%/yr vs 0.18%/yr for ESIT.L.
Performance
CLO6.L vs. ESIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, CLO6.L achieves a 10.85% return, which is significantly lower than ESIT.L's 51.37% return.
CLO6.L
- 1D
- 1.79%
- 1M
- 13.77%
- YTD
- 10.85%
- 6M
- 9.37%
- 1Y
- 9.05%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
ESIT.L
- 1D
- 0.18%
- 1M
- 20.73%
- YTD
- 51.37%
- 6M
- 48.42%
- 1Y
- 65.95%
- 3Y*
- 24.77%
- 5Y*
- 15.16%
- 10Y*
- —
CLO6.L vs. ESIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CLO6.L Global X Cloud Computing UCITS ETF | 10.85% | -12.30% | 7.37% | 36.74% | -34.03% | -14.62% |
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 51.37% | 14.83% | 2.77% | 32.26% | -24.43% | -4.33% |
Correlation
The correlation between CLO6.L and ESIT.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.55 |
Over the past year, the correlation between CLO6.L and ESIT.L has dropped to 0.33 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
CLO6.L vs. ESIT.L — Risk / Return Rank
CLO6.L
ESIT.L
CLO6.L vs. ESIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cloud Computing UCITS ETF (CLO6.L) and iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.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.
| CLO6.L | ESIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 5.60 | -5.28 |
| Martin ratioReturn relative to average drawdown | 0.76 | 14.10 | -13.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLO6.L | ESIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 2.68 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.72 | -0.88 |
Drawdowns
CLO6.L vs. ESIT.L - Drawdown Comparison
The maximum CLO6.L drawdown since its inception was -45.50%, which is greater than ESIT.L's maximum drawdown of -37.50%. Use the drawdown chart below to compare losses from any high point for CLO6.L and ESIT.L.
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Drawdown Indicators
| CLO6.L | ESIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.50% | -37.50% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -27.75% | -11.71% | -16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -37.31% | -24.87% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.50% | — |
Current DrawdownCurrent decline from peak | -19.62% | -0.16% | -19.46% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -11.52% | -19.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 4.66% | +7.23% |
Volatility
CLO6.L vs. ESIT.L - Volatility Comparison
Global X Cloud Computing UCITS ETF (CLO6.L) has a higher volatility of 11.40% compared to iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) at 9.42%. This indicates that CLO6.L's price experiences larger fluctuations and is considered to be riskier than ESIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLO6.L | ESIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.40% | 9.42% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 19.85% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 24.48% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.55% | 25.01% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.55% | 24.64% | +3.91% |
CLO6.L vs. ESIT.L - Expense Ratio Comparison
CLO6.L has a 0.55% expense ratio, which is higher than ESIT.L's 0.18% expense ratio.
Dividends
CLO6.L vs. ESIT.L - Dividend Comparison
Neither CLO6.L nor ESIT.L has paid dividends to shareholders.
Frequently Asked Questions
CLO6.L and ESIT.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIT.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.L is cheaper with a 0.18% expense ratio, compared with 0.55% for CLO6.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.55% for CLO6.L and 0.18% for ESIT.L.
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