GXLF.L vs. ESIF.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L).

GXLF.L and ESIF.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXLF.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Jul 7, 2015. ESIF.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on Nov 18, 2020. Both GXLF.L and ESIF.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GXLF.L vs. ESIF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L). The values are adjusted to include any dividend payments, if applicable.

GXLF.L vs. ESIF.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GXLF.L SPDR S&P US Financials Select Sector UCITS ETF	-8.63%	7.31%	32.20%	6.05%	-1.25%
ESIF.L iShares MSCI Europe Financials Sector UCITS ETF	-3.05%	54.55%	20.09%	18.81%	7.13%

Returns By Period

In the year-to-date period, GXLF.L achieves a -8.63% return, which is significantly lower than ESIF.L's -3.05% return.

GXLF.L

• 1D: 1.14%
• 1M: -2.04%
• YTD: -8.63%
• 6M: -5.65%
• 1Y: -1.95%
• 3Y*: 14.46%
• 5Y*: —
• 10Y*: —

ESIF.L

• 1D: 3.39%
• 1M: -2.30%
• YTD: -3.05%
• 6M: 6.41%
• 1Y: 25.64%
• 3Y*: 27.43%
• 5Y*: 19.67%
• 10Y*: —

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

GXLF.L vs. ESIF.L - Expense Ratio Comparison

GXLF.L has a 0.15% expense ratio, which is lower than ESIF.L's 0.18% 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%.

ESIF.L

iShares MSCI Europe Financials Sector UCITS ETF

GXLF.L

SPDR S&P US Financials Select Sector UCITS ETF

Return for Risk

GXLF.L vs. ESIF.L — Risk / Return Rank

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

GXLF.L

GXLF.L Risk / Return Rank: 9
GXLF.L Sharpe Ratio Rank: 9
GXLF.L Sortino Ratio Rank: 9
GXLF.L Omega Ratio Rank: 9
GXLF.L Calmar Ratio Rank: 9
GXLF.L Martin Ratio Rank: 8

ESIF.L

ESIF.L Risk / Return Rank: 72
ESIF.L Sharpe Ratio Rank: 74
ESIF.L Sortino Ratio Rank: 70
ESIF.L Omega Ratio Rank: 67
ESIF.L Calmar Ratio Rank: 78
ESIF.L Martin Ratio Rank: 72

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.

GXLF.L vs. ESIF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) and iShares MSCI Europe Financials Sector UCITS ETF (ESIF.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.

	GXLF.L	ESIF.L	Difference
Sharpe ratio Return per unit of total volatility	-0.11	1.38	-1.49
Sortino ratio Return per unit of downside risk	-0.03	1.82	-1.85
Omega ratio Gain probability vs. loss probability	1.00	1.26	-0.26
Calmar ratio Return relative to maximum drawdown	-0.17	2.24	-2.40
Martin ratio Return relative to average drawdown	-0.46	7.82	-8.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GXLF.L vs. ESIF.L - Sharpe Ratio Comparison

The current GXLF.L Sharpe Ratio is -0.11, which is lower than the ESIF.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of GXLF.L and ESIF.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GXLF.L	ESIF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	1.38	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.14	-0.68

Correlation

The correlation between GXLF.L and ESIF.L is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GXLF.L vs. ESIF.L - Dividend Comparison

Neither GXLF.L nor ESIF.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GXLF.L vs. ESIF.L - Drawdown Comparison

The maximum GXLF.L drawdown since its inception was -18.21%, smaller than the maximum ESIF.L drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for GXLF.L and ESIF.L.

Drawdown Indicators

	GXLF.L	ESIF.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.21%	-23.55%	+5.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-12.22%	-0.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.55%	—
Current Drawdown Current decline from peak	-10.36%	-5.60%	-4.76%
Average Drawdown Average peak-to-trough decline	-5.69%	-4.18%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	3.34%	+1.23%

Volatility

GXLF.L vs. ESIF.L - Volatility Comparison

The current volatility for SPDR S&P US Financials Select Sector UCITS ETF (GXLF.L) is 4.93%, while iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) has a volatility of 7.74%. This indicates that GXLF.L experiences smaller price fluctuations and is considered to be less risky than ESIF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXLF.L	ESIF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	7.74%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	13.15%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	17.73%	18.52%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	18.18%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	18.18%	-1.04%