GXLK.L vs. ESIT.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 3 years, GXLK.L returned 26.51%/yr vs 24.77%/yr for ESIT.L. A 0.71 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.18%/yr for ESIT.L.
Performance
GXLK.L vs. ESIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, GXLK.L achieves a 23.38% return, which is significantly lower than ESIT.L's 51.37% return.
GXLK.L
- 1D
- -2.05%
- 1M
- 14.24%
- YTD
- 23.38%
- 6M
- 22.20%
- 1Y
- 53.75%
- 3Y*
- 26.51%
- 5Y*
- —
- 10Y*
- —
ESIT.L
- 1D
- 0.18%
- 1M
- 20.73%
- YTD
- 51.37%
- 6M
- 48.42%
- 1Y
- 65.95%
- 3Y*
- 24.77%
- 5Y*
- 15.16%
- 10Y*
- —
GXLK.L vs. ESIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 23.38% | 15.88% | 24.73% | 48.31% | -16.12% |
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 51.37% | 14.83% | 2.77% | 32.26% | -12.16% |
Correlation
The correlation between GXLK.L and ESIT.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.71 |
The correlation between GXLK.L and ESIT.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
GXLK.L vs. ESIT.L — Risk / Return Rank
GXLK.L
ESIT.L
GXLK.L vs. ESIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.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.
| GXLK.L | ESIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 5.60 | -2.39 |
| Martin ratioReturn relative to average drawdown | 8.20 | 14.10 | -5.90 |
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
| GXLK.L | ESIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 2.68 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.72 | +0.07 |
Drawdowns
GXLK.L vs. ESIT.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -28.24%, smaller than the maximum ESIT.L drawdown of -37.50%. Use the drawdown chart below to compare losses from any high point for GXLK.L and ESIT.L.
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Drawdown Indicators
| GXLK.L | ESIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -37.50% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -11.71% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -24.87% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.50% | — |
Current DrawdownCurrent decline from peak | -2.76% | -0.16% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -11.52% | +3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 4.66% | +1.88% |
Volatility
GXLK.L vs. ESIT.L - Volatility Comparison
The current volatility for SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) is 6.90%, while iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) has a volatility of 9.42%. This indicates that GXLK.L experiences smaller price fluctuations and is considered to be less risky than ESIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLK.L | ESIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 9.42% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 19.85% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 24.48% | -5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 25.01% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 24.64% | +2.19% |
GXLK.L vs. ESIT.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than ESIT.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%.
Dividends
GXLK.L vs. ESIT.L - Dividend Comparison
Neither GXLK.L nor ESIT.L has paid dividends to shareholders.
Frequently Asked Questions
GXLK.L and ESIT.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXLK.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIT.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for GXLK.L and 0.18% for ESIT.L.
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