ESIT.L vs. SNSG.L
ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) and SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and Global X respectively. Both are passively managed. Over the past 3 years, ESIT.L returned 24.63%/yr vs 15.45%/yr for SNSG.L. A 0.77 correlation means they provide meaningful diversification when combined. ESIT.L charges 0.18%/yr vs 0.60%/yr for SNSG.L.
Performance
ESIT.L vs. SNSG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ESIT.L achieves a 51.10% return, which is significantly higher than SNSG.L's 44.54% return.
ESIT.L
- 1D
- -0.34%
- 1M
- 23.02%
- YTD
- 51.10%
- 6M
- 49.13%
- 1Y
- 68.29%
- 3Y*
- 24.63%
- 5Y*
- 15.12%
- 10Y*
- —
SNSG.L
- 1D
- 0.64%
- 1M
- 21.83%
- YTD
- 44.54%
- 6M
- 43.68%
- 1Y
- 51.85%
- 3Y*
- 15.45%
- 5Y*
- —
- 10Y*
- —
ESIT.L vs. SNSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 51.10% | 14.83% | 2.77% | 32.26% | -24.43% | -4.51% |
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 44.54% | -0.58% | 0.84% | 16.82% | -16.52% | -2.35% |
Correlation
The correlation between ESIT.L and SNSG.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.77 |
The correlation between ESIT.L and SNSG.L has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESIT.L vs. SNSG.L — Risk / Return Rank
ESIT.L
SNSG.L
ESIT.L vs. SNSG.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 Global X Internet of Things UCITS ETF USD Accumulating (SNSG.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 | SNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.80 | 4.06 | +1.74 |
| Martin ratioReturn relative to average drawdown | 14.60 | 10.87 | +3.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ESIT.L | SNSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.49 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.34 | +0.38 |
Drawdowns
ESIT.L vs. SNSG.L - Drawdown Comparison
The maximum ESIT.L drawdown since its inception was -37.50%, which is greater than SNSG.L's maximum drawdown of -30.09%. Use the drawdown chart below to compare losses from any high point for ESIT.L and SNSG.L.
Loading charts...
Drawdown Indicators
| ESIT.L | SNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.50% | -30.09% | -7.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -12.71% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -29.12% | +4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -37.50% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -10.67% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 4.76% | -0.10% |
Volatility
ESIT.L vs. SNSG.L - Volatility Comparison
iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) has a higher volatility of 9.46% compared to Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) at 8.35%. This indicates that ESIT.L's price experiences larger fluctuations and is considered to be riskier than SNSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ESIT.L | SNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 8.35% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 19.86% | 15.91% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.50% | 20.82% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.01% | 21.81% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.65% | 21.81% | +2.84% |
ESIT.L vs. SNSG.L - Expense Ratio Comparison
ESIT.L has a 0.18% expense ratio, which is lower than SNSG.L's 0.60% expense ratio.
Dividends
ESIT.L vs. SNSG.L - Dividend Comparison
Neither ESIT.L nor SNSG.L has paid dividends to shareholders.
Frequently Asked Questions
ESIT.L and SNSG.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIT.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIT.L is cheaper with a 0.18% expense ratio, compared with 0.60% for SNSG.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Global X. Their fees differ too: 0.18% for ESIT.L and 0.60% for SNSG.L.
Find the right allocation for ESIT.L and SNSG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer