ESIT.L vs. GXLK.L
ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and State Street respectively. Both are passively managed. Over the past 5 years, ESIT.L returned 13.40%/yr vs 12.66%/yr for GXLK.L. A 0.66 correlation means they provide meaningful diversification when combined. ESIT.L charges 0.18%/yr vs 0.15%/yr for GXLK.L.
Performance
ESIT.L vs. GXLK.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESIT.L achieves a 44.81% return, which is significantly higher than GXLK.L's 19.29% return.
ESIT.L
- 1D
- 0.76%
- 1M
- 2.02%
- YTD
- 44.81%
- 6M
- 45.80%
- 1Y
- 58.68%
- 3Y*
- 24.15%
- 5Y*
- 13.40%
- 10Y*
- —
GXLK.L
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 19.29%
- 6M
- 19.45%
- 1Y
- 42.68%
- 3Y*
- 25.59%
- 5Y*
- 12.66%
- 10Y*
- 21.00%
ESIT.L vs. GXLK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 44.81% | 14.73% | 2.74% | 32.37% | -24.43% | 27.26% | -3.05% |
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 19.29% | 15.88% | 24.73% | 48.31% | -40.75% | 34.21% | 7.26% |
Correlation
The correlation between ESIT.L and GXLK.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.66 |
The correlation between ESIT.L and GXLK.L has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
ESIT.L vs. GXLK.L — Risk / Return Rank
ESIT.L
GXLK.L
ESIT.L vs. GXLK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.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.
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.L | GXLK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 2.57 | +2.42 |
| Martin ratioReturn relative to average drawdown | 12.41 | 6.40 | +6.01 |
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Drawdowns
ESIT.L vs. GXLK.L - Drawdown Comparison
The maximum ESIT.L drawdown since its inception was -37.50%, smaller than the maximum GXLK.L drawdown of -43.09%. Use the drawdown chart below to compare losses from any high point for ESIT.L and GXLK.L.
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Drawdown Indicators
| ESIT.L | GXLK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.50% | -43.09% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -16.67% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -28.24% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -43.09% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.09% | — |
Current DrawdownCurrent decline from peak | -4.50% | -5.98% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -8.58% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 6.68% | -1.97% |
Volatility
ESIT.L vs. GXLK.L - Volatility Comparison
iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) has a higher volatility of 9.71% compared to SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) at 8.47%. This indicates that ESIT.L's price experiences larger fluctuations and is considered to be riskier than GXLK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIT.L | GXLK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 8.47% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 21.24% | 15.38% | +5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 20.75% | +4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 24.43% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.44% | 24.26% | +2.18% |
ESIT.L vs. GXLK.L - Expense Ratio Comparison
ESIT.L has a 0.18% expense ratio, which is higher than GXLK.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESIT.L vs. GXLK.L - Dividend Comparison
Neither ESIT.L nor GXLK.L has paid dividends to shareholders.
Frequently Asked Questions
ESIT.L and GXLK.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLK.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIT.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for ESIT.L and 0.15% for GXLK.L.
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