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 15.04%/yr vs 13.43%/yr for ^GSPC. At a 0.41 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 52.07% return, which is significantly higher than ^GSPC's 12.06% return.
ESIT.DE
- 1D
- 0.17%
- 1M
- 20.56%
- YTD
- 52.07%
- 6M
- 49.22%
- 1Y
- 61.87%
- 3Y*
- 24.73%
- 5Y*
- 15.04%
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
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) | 52.07% | 10.07% | 7.34% | 35.09% | -29.06% | 37.04% | 7.94% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 2.43% |
Correlation
The correlation between ESIT.DE and ^GSPC is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.41 |
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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.
| ESIT.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 3.30 | +1.42 |
| Martin ratioReturn relative to average drawdown | 12.60 | 12.34 | +0.26 |
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
| ESIT.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 2.04 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.80 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.51 | +0.21 |
Drawdowns
ESIT.DE vs. ^GSPC - Drawdown Comparison
The maximum ESIT.DE drawdown since its inception was -38.33%, 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 | -38.33% | -51.62% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -7.57% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.10% | -23.99% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -38.33% | -23.99% | -14.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.20% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -12.02% | -9.08% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 2.02% | +2.88% |
Volatility
ESIT.DE vs. ^GSPC - Volatility Comparison
iShares MSCI Europe Information Technology Sector UCITS ETF EUR (Acc) (ESIT.DE) has a higher volatility of 10.57% compared to S&P 500 Index (^GSPC) at 2.24%. 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 | 10.57% | 2.24% | +8.33% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 8.62% | +12.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.89% | 12.29% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.75% | 16.79% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.30% | 18.59% | +6.71% |
Frequently Asked Questions
ESIT.DE and ^GSPC have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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