FTEK.L vs. IGDA.L

Last updated Jun 5, 2026

FTEK.L (Invesco KBW NASDAQ Fintech UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - FTEK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, FTEK.L returned 12.08%/yr vs 21.23%/yr for IGDA.L. A 0.65 correlation means they provide meaningful diversification when combined. FTEK.L charges 0.49%/yr vs 0.40%/yr for IGDA.L.

Performance

FTEK.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTEK.L achieves a -12.71% return, which is significantly lower than IGDA.L's 15.04% return.

FTEK.L

• 1D: 3.04%
• 1M: -5.73%
• YTD: -12.71%
• 6M: -12.95%
• 1Y: -13.15%
• 3Y*: 12.08%
• 5Y*: 1.34%
• 10Y*: —

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTEK.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FTEK.L Invesco KBW NASDAQ Fintech UCITS ETF	-12.71%	-0.53%	33.52%	34.99%	-22.49%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%

Correlation

The correlation between FTEK.L and IGDA.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.65

The correlation between FTEK.L and IGDA.L shifts across timeframes, from 0.53 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

FTEK.L vs. IGDA.L - Sectors Allocation Comparison

Sectors	FTEK.L	IGDA.L
Financial Services	48.1%	2.1%
Industrials	32.9%	10.8%
Technology	16.7%	41.4%
Real Estate	2.2%	1.0%
Communication Services	1.7%	9.4%
Basic Materials	-	4.7%
Consumer Cyclical	-	10.8%
Consumer Defensive	-	4.7%
Energy	-	3.6%
Healthcare	-	11.3%
Utilities	-	0.3%

Return for Risk

FTEK.L vs. IGDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTEK.L

FTEK.L Risk / Return Rank: 4
FTEK.L Sharpe Ratio Rank: 4
FTEK.L Sortino Ratio Rank: 4
FTEK.L Omega Ratio Rank: 4
FTEK.L Calmar Ratio Rank: 5
FTEK.L Martin Ratio Rank: 4

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTEK.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	FTEK.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	2.47	-3.07
Sortino ratio: Return per unit of downside risk	-0.71	3.51	-4.23
Omega ratio: Gain probability vs. loss probability	0.91	1.44	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.52	3.57	-4.09
Martin ratio: Return relative to average drawdown	-1.03	15.24	-16.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTEK.L vs. IGDA.L - Sharpe Ratio Comparison

The current FTEK.L Sharpe Ratio is -0.60, which is lower than the IGDA.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of FTEK.L and IGDA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTEK.L	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.60	2.47	-3.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.85	-0.38

Drawdowns

FTEK.L vs. IGDA.L - Drawdown Comparison

The maximum FTEK.L drawdown since its inception was -39.74%, which is greater than IGDA.L's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for FTEK.L and IGDA.L.

Drawdown Indicators

	FTEK.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.74%	-24.18%	-15.56%
Max Drawdown (1Y) Largest decline over 1 year	-25.27%	-9.71%	-15.56%
Max Drawdown (3Y) Largest decline over 3 years	-25.27%	-20.12%	-5.15%
Max Drawdown (5Y) Largest decline over 5 years	-38.26%	—	—
Current Drawdown Current decline from peak	-20.54%	-1.17%	-19.37%
Average Drawdown Average peak-to-trough decline	-10.37%	-5.19%	-5.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.76%	2.28%	+10.48%

Volatility

FTEK.L vs. IGDA.L - Volatility Comparison

Invesco KBW NASDAQ Fintech UCITS ETF (FTEK.L) has a higher volatility of 8.44% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.65%. This indicates that FTEK.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTEK.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.44%	4.65%	+3.79%
Volatility (6M) Calculated over the trailing 6-month period	18.19%	10.78%	+7.41%
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	14.04%	+7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.33%	18.64%	+4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.15%	18.64%	+3.51%

FTEK.L vs. IGDA.L - Expense Ratio Comparison

FTEK.L has a 0.49% expense ratio, which is higher than IGDA.L's 0.40% expense ratio.

Dividends

FTEK.L vs. IGDA.L - Dividend Comparison

Neither FTEK.L nor IGDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FTEK.L and IGDA.L in my portfolio?

FTEK.L and IGDA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTEK.L or IGDA.L?

On fees, IGDA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTEK.L or IGDA.L?

IGDA.L is cheaper with a 0.40% expense ratio, compared with 0.49% for FTEK.L.

What is the main difference between FTEK.L and IGDA.L?

FTEK.L is categorized as Technology Equities, while IGDA.L is Global Equities. FTEK.L tracks MSCI World/Information Tech NR USD, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.49% for FTEK.L and 0.40% for IGDA.L.