ECOM.L vs. BLOK.L

Last updated Jun 5, 2026

ECOM.L (L&G Ecommerce Logistics UCITS ETF) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Legal & General and First Trust respectively. Both are passively managed. Over the past 5 years, ECOM.L returned 1.40%/yr vs 11.83%/yr for BLOK.L. A 0.79 correlation means they provide meaningful diversification when combined. ECOM.L charges 0.49%/yr vs 0.65%/yr for BLOK.L.

Performance

ECOM.L vs. BLOK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Ecommerce Logistics UCITS ETF (ECOM.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ECOM.L is traded in USD, while BLOK.L is traded in GBp. To make them comparable, the BLOK.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ECOM.L achieves a -0.01% return, which is significantly lower than BLOK.L's 12.20% return.

ECOM.L

• 1D: 1.18%
• 1M: 4.11%
• YTD: -0.01%
• 6M: 3.24%
• 1Y: 6.47%
• 3Y*: 8.92%
• 5Y*: 1.40%
• 10Y*: —

BLOK.L

• 1D: 0.23%
• 1M: 6.39%
• YTD: 12.20%
• 6M: 15.96%
• 1Y: 30.72%
• 3Y*: 23.85%
• 5Y*: 11.83%
• 10Y*: —

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

ECOM.L vs. BLOK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ECOM.L L&G Ecommerce Logistics UCITS ETF	-0.01%	11.07%	2.89%	21.80%	-21.59%	18.35%	43.47%	30.98%	-18.24%
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF	12.20%	31.58%	16.58%	20.82%	-18.71%	18.00%	18.57%	27.51%	-10.12%

Correlation

The correlation between ECOM.L and BLOK.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 12, 2018	0.79

The correlation between ECOM.L and BLOK.L shifts across timeframes, from 0.63 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

ECOM.L vs. BLOK.L - Sectors Allocation Comparison

Sectors	ECOM.L	BLOK.L
Industrials	37.9%	5.6%
Consumer Cyclical	31.8%	8.4%
Technology	16.2%	31.4%
Real Estate	7.7%	-
Consumer Defensive	4.3%	1.3%
Financial Services	2.0%	40.0%
Basic Materials	-	1.6%
Communication Services	-	8.3%
Energy	-	0.7%
Healthcare	-	0.8%
Utilities	-	1.9%

Return for Risk

ECOM.L vs. BLOK.L — Risk / Return Rank

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

ECOM.L

ECOM.L Risk / Return Rank: 15
ECOM.L Sharpe Ratio Rank: 15
ECOM.L Sortino Ratio Rank: 15
ECOM.L Omega Ratio Rank: 14
ECOM.L Calmar Ratio Rank: 15
ECOM.L Martin Ratio Rank: 15

BLOK.L

BLOK.L Risk / Return Rank: 80
BLOK.L Sharpe Ratio Rank: 80
BLOK.L Sortino Ratio Rank: 77
BLOK.L Omega Ratio Rank: 79
BLOK.L Calmar Ratio Rank: 83
BLOK.L Martin Ratio Rank: 80

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.

ECOM.L vs. BLOK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Ecommerce Logistics UCITS ETF (ECOM.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.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.

	ECOM.L	BLOK.L	Difference
Sharpe ratio: Return per unit of total volatility	0.37	2.24	-1.87
Sortino ratio: Return per unit of downside risk	0.65	3.04	-2.40
Omega ratio: Gain probability vs. loss probability	1.08	1.39	-0.31
Calmar ratio: Return relative to maximum drawdown	0.46	3.10	-2.64
Martin ratio: Return relative to average drawdown	1.25	11.68	-10.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECOM.L vs. BLOK.L - Sharpe Ratio Comparison

The current ECOM.L Sharpe Ratio is 0.37, which is lower than the BLOK.L Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ECOM.L and BLOK.L, 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

	ECOM.L	BLOK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	2.24	-1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.72	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.72	-0.31

Drawdowns

ECOM.L vs. BLOK.L - Drawdown Comparison

The maximum ECOM.L drawdown since its inception was -39.66%, which is greater than BLOK.L's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for ECOM.L and BLOK.L.

Drawdown Indicators

	ECOM.L	BLOK.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.66%	-34.22%	-5.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.90%	-9.86%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-21.23%	-14.14%	-7.09%
Max Drawdown (5Y) Largest decline over 5 years	-39.66%	-32.06%	-7.60%
Current Drawdown Current decline from peak	-3.72%	-1.43%	-2.29%
Average Drawdown Average peak-to-trough decline	-11.46%	-6.57%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	2.62%	+2.54%

Volatility

ECOM.L vs. BLOK.L - Volatility Comparison

L&G Ecommerce Logistics UCITS ETF (ECOM.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) have volatilities of 4.76% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECOM.L	BLOK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	4.96%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	10.03%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	13.68%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	16.44%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	18.18%	+0.92%

ECOM.L vs. BLOK.L - Expense Ratio Comparison

ECOM.L has a 0.49% expense ratio, which is lower than BLOK.L's 0.65% expense ratio.

Dividends

ECOM.L vs. BLOK.L - Dividend Comparison

Neither ECOM.L nor BLOK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ECOM.L and BLOK.L in my portfolio?

ECOM.L and BLOK.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECOM.L or BLOK.L?

On fees, ECOM.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ECOM.L or BLOK.L?

ECOM.L is cheaper with a 0.49% expense ratio, compared with 0.65% for BLOK.L.

What is the main difference between ECOM.L and BLOK.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Legal & General and First Trust. Their fees differ too: 0.49% for ECOM.L and 0.65% for BLOK.L.