ESIT.DE vs. ^GSPC
ESIT.DE (iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc)) is Technology Equities fund tracking the MSCI World/Information Tech NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, ESIT.DE returned 12.86%/yr vs 12.53%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.
Performance
ESIT.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ESIT.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESIT.DE achieves a 42.77% return, which is significantly higher than ^GSPC's 11.08% return.
ESIT.DE
- 1D
- -2.19%
- 1M
- 1.77%
- YTD
- 42.77%
- 6M
- 44.48%
- 1Y
- 55.08%
- 3Y*
- 23.23%
- 5Y*
- 12.86%
- 10Y*
- —
^GSPC
- 1D
- 0.00%
- 1M
- 0.10%
- YTD
- 11.08%
- 6M
- 9.96%
- 1Y
- 23.31%
- 3Y*
- 17.45%
- 5Y*
- 12.53%
- 10Y*
- 13.39%
ESIT.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIT.DE iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) | 42.77% | 10.04% | 7.42% | 34.97% | -28.99% | 36.95% | 8.15% |
^GSPC S&P 500 Index | 10.85% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 1.01% |
Correlation
The correlation between ESIT.DE and ^GSPC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.42 |
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Return for Risk
ESIT.DE vs. ^GSPC — Risk / Return Rank
ESIT.DE
^GSPC
ESIT.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ESIT.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 3.10 | +1.15 |
| Martin ratioReturn relative to average drawdown | 11.29 | 11.44 | -0.16 |
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Drawdowns
ESIT.DE vs. ^GSPC - Drawdown Comparison
The maximum ESIT.DE drawdown since its inception was -38.29%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for ESIT.DE and ^GSPC.
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Drawdown Indicators
| ESIT.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -51.62% | +13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -7.57% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -23.99% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -38.29% | -23.99% | -14.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -6.44% | -1.08% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -9.08% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 2.04% | +2.83% |
Volatility
ESIT.DE vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.DE) has a higher volatility of 9.80% compared to S&P 500 Index (^GSPC) at 3.97%. This indicates that ESIT.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIT.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 3.97% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 22.24% | 9.16% | +13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.66% | 12.59% | +14.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.96% | 16.85% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 18.61% | +6.78% |
Frequently Asked Questions
ESIT.DE and ^GSPC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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