ESIT.L vs. ITEC.L
ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and ITEC.L (SPDR® MSCI Europe Technology 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 15.16%/yr vs 15.28%/yr for ITEC.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
ESIT.L vs. ITEC.L - Performance Comparison
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Different Trading Currencies
ESIT.L is traded in GBP, while ITEC.L is traded in EUR. To make them comparable, the ITEC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ESIT.L having a 51.37% return and ITEC.L slightly lower at 49.74%.
ESIT.L
- 1D
- 0.18%
- 1M
- 20.73%
- YTD
- 51.37%
- 6M
- 48.42%
- 1Y
- 65.95%
- 3Y*
- 24.77%
- 5Y*
- 15.16%
- 10Y*
- —
ITEC.L
- 1D
- 0.24%
- 1M
- 20.74%
- YTD
- 49.74%
- 6M
- 46.16%
- 1Y
- 63.94%
- 3Y*
- 24.82%
- 5Y*
- 15.28%
- 10Y*
- 17.51%
ESIT.L vs. ITEC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 51.37% | 14.83% | 2.77% | 32.26% | -24.43% | 27.26% | 8.52% |
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 49.74% | 15.55% | 3.61% | 32.30% | -24.48% | 27.89% | 8.59% |
Correlation
The correlation between ESIT.L and ITEC.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.98 |
The correlation between ESIT.L and ITEC.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
ESIT.L vs. ITEC.L — Risk / Return Rank
ESIT.L
ITEC.L
ESIT.L vs. ITEC.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® MSCI Europe Technology UCITS ETF (ITEC.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.
| ESIT.L | ITEC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | 5.30 | +0.31 |
| Martin ratioReturn relative to average drawdown | 14.10 | 13.46 | +0.64 |
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.L | ITEC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.55 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.60 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.70 | +0.02 |
Drawdowns
ESIT.L vs. ITEC.L - Drawdown Comparison
The maximum ESIT.L drawdown since its inception was -37.50%, roughly equal to the maximum ITEC.L drawdown of -37.70%. Use the drawdown chart below to compare losses from any high point for ESIT.L and ITEC.L.
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Drawdown Indicators
| ESIT.L | ITEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.50% | -37.70% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -12.01% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -25.71% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | -37.70% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.70% | — |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -8.32% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 4.74% | -0.08% |
Volatility
ESIT.L vs. ITEC.L - Volatility Comparison
The current volatility for iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) is 9.42%, while SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a volatility of 10.22%. This indicates that ESIT.L experiences smaller price fluctuations and is considered to be less risky than ITEC.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 | ITEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 10.22% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 20.30% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.48% | 25.02% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 25.40% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 23.87% | +0.77% |
ESIT.L vs. ITEC.L - Expense Ratio Comparison
Both ESIT.L and ITEC.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ESIT.L vs. ITEC.L - Dividend Comparison
Neither ESIT.L nor ITEC.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ESIT.L and ITEC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.L and ITEC.L have the same expense ratio: 0.18% per year.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and State Street.
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