GXLC.L vs. XSSW.L
GXLC.L (SPDR® S&P® U.S. Communication Services Select Sector UCITS ETF) and XSSW.L (Xtrackers MSCI World Communication Services UCITS ETF 1C GBP) are both Communications Equities funds - GXLC.L tracks the MSCI World/Comm Services NR USD while XSSW.L tracks the MSCI World Communication Services 20-35 Custom Index. Both are passively managed. Over the past year, GXLC.L returned 22.13% vs 25.90% for XSSW.L. Their correlation of 0.94 suggests significant overlap in exposure. GXLC.L charges 0.15%/yr vs 0.25%/yr for XSSW.L.
Performance
GXLC.L vs. XSSW.L - Performance Comparison
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Returns By Period
In the year-to-date period, GXLC.L achieves a 2.07% return, which is significantly lower than XSSW.L's 3.87% return.
GXLC.L
- 1D
- 1.55%
- 1M
- -2.03%
- YTD
- 2.07%
- 6M
- 1.19%
- 1Y
- 22.13%
- 3Y*
- 22.19%
- 5Y*
- 11.50%
- 10Y*
- —
XSSW.L
- 1D
- 1.00%
- 1M
- -0.30%
- YTD
- 3.87%
- 6M
- 2.52%
- 1Y
- 25.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXLC.L vs. XSSW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GXLC.L SPDR® S&P® U.S. Communication Services Select Sector UCITS ETF | 2.07% | 19.01% | 33.60% | 8.61% |
XSSW.L Xtrackers MSCI World Communication Services UCITS ETF 1C GBP | 3.87% | 20.12% | 36.87% | 8.80% |
Correlation
The correlation between GXLC.L and XSSW.L is 0.96 - 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 | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.94 |
The correlation between GXLC.L and XSSW.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
GXLC.L vs. XSSW.L — Risk / Return Rank
GXLC.L
XSSW.L
GXLC.L vs. XSSW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P® U.S. Communication Services Select Sector UCITS ETF (GXLC.L) and Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.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.
| GXLC.L | XSSW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.87 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.15 | 11.02 | -1.86 |
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
| GXLC.L | XSSW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.95 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.57 | -0.88 |
Drawdowns
GXLC.L vs. XSSW.L - Drawdown Comparison
The maximum GXLC.L drawdown since its inception was -35.84%, which is greater than XSSW.L's maximum drawdown of -20.71%. Use the drawdown chart below to compare losses from any high point for GXLC.L and XSSW.L.
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Drawdown Indicators
| GXLC.L | XSSW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.84% | -20.71% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -8.98% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.84% | — | — |
Current DrawdownCurrent decline from peak | -4.54% | -3.17% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -3.07% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 2.35% | +0.06% |
Volatility
GXLC.L vs. XSSW.L - Volatility Comparison
SPDR® S&P® U.S. Communication Services Select Sector UCITS ETF (GXLC.L) has a higher volatility of 4.36% compared to Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.L) at 3.93%. This indicates that GXLC.L's price experiences larger fluctuations and is considered to be riskier than XSSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLC.L | XSSW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 3.93% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.64% | 9.42% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.32% | 13.23% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 15.69% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 15.69% | +3.35% |
GXLC.L vs. XSSW.L - Expense Ratio Comparison
GXLC.L has a 0.15% expense ratio, which is lower than XSSW.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GXLC.L vs. XSSW.L - Dividend Comparison
Neither GXLC.L nor XSSW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, GXLC.L and XSSW.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.
On fees, GXLC.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLC.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XSSW.L.
GXLC.L tracks MSCI World/Comm Services NR USD, while XSSW.L tracks MSCI World Communication Services 20-35 Custom Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for GXLC.L and 0.25% for XSSW.L.
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