GXLK.L vs. F500.DE

Last updated Jul 21, 2026

GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and F500.DE (Amundi S&P 500 ESG UCITS ETF Acc) are both exchange-traded funds - GXLK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while F500.DE is a S&P 500 fund tracking the S&P 500 ESG+. Both are passively managed. Over the past 5 years, GXLK.L returned 10.69%/yr vs 13.86%/yr for F500.DE. A 0.63 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.12%/yr for F500.DE.

Performance

GXLK.L vs. F500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and Amundi S&P 500 ESG UCITS ETF Acc (F500.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GXLK.L is traded in GBP, while F500.DE is traded in EUR. To make them comparable, the F500.DE values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GXLK.L achieves a 14.22% return, which is significantly higher than F500.DE's 8.82% return.

GXLK.L

• 1D: 0.00%
• 1M: -6.86%
• 6M: 17.22%
• YTD: 14.22%
• 1Y: 27.54%
• 3Y*: 22.12%
• 5Y*: 10.69%
• 10Y*: 19.28%
• ALL TIME*: 18.53%

F500.DE

• 1D: 0.54%
• 1M: -2.53%
• 6M: 9.23%
• YTD: 8.82%
• 1Y: 22.44%
• 3Y*: 17.43%
• 5Y*: 13.86%
• 10Y*: —
• ALL TIME*: 14.00%

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

GXLK.L vs. F500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF	14.22%	15.88%	24.73%	48.31%	-40.75%	34.21%	43.38%	49.62%	-14.57%
F500.DE Amundi S&P 500 ESG UCITS ETF Acc	8.82%	10.90%	25.97%	21.62%	-9.54%	33.44%	11.99%	27.20%	-11.28%

Correlation

The correlation between GXLK.L and F500.DE is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018	0.63

The correlation between GXLK.L and F500.DE shifts across timeframes, from 0.63 (all time) to 0.80 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

GXLK.L vs. F500.DE — Risk / Return Rank

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

GXLK.L

GXLK.L Risk / Return Rank: 44
GXLK.L Sharpe Ratio Rank: 49
GXLK.L Sortino Ratio Rank: 47
GXLK.L Omega Ratio Rank: 46
GXLK.L Calmar Ratio Rank: 43
GXLK.L Martin Ratio Rank: 35

F500.DE

F500.DE Risk / Return Rank: 85
F500.DE Sharpe Ratio Rank: 86
F500.DE Sortino Ratio Rank: 85
F500.DE Omega Ratio Rank: 85
F500.DE Calmar Ratio Rank: 84
F500.DE Martin Ratio Rank: 86

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.

GXLK.L vs. F500.DE - 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 Amundi S&P 500 ESG UCITS ETF Acc (F500.DE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GXLK.L	F500.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.94	-0.66
Sortino ratio: Return per unit of downside risk	1.81	2.76	-0.95
Omega ratio: Gain probability vs. loss probability	1.23	1.35	-0.12
Calmar ratio: Return relative to maximum drawdown	1.66	3.07	-1.41
Martin ratio: Return relative to average drawdown	3.95	11.57	-7.62

GXLK.L vs. F500.DE - Sharpe Ratio Comparison

The current GXLK.L Sharpe Ratio is 1.29, which is lower than the F500.DE Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of GXLK.L and F500.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GXLK.L vs. F500.DE - Drawdown Comparison

The maximum GXLK.L drawdown since its inception was -43.09%, which is greater than F500.DE's maximum drawdown of -26.40%. Use the drawdown chart below to compare losses from any high point for GXLK.L and F500.DE.

Drawdown Indicators

	GXLK.L	F500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-43.09%	-26.40%	-16.69%
Max Drawdown (1Y) Largest decline over 1 year	-16.67%	-7.28%	-9.39%
Max Drawdown (3Y) Largest decline over 3 years	-28.24%	-22.39%	-5.85%
Max Drawdown (5Y) Largest decline over 5 years	-43.09%	-22.39%	-20.70%
Max Drawdown (10Y) Largest decline over 10 years	-43.09%	—	—
Current Drawdown Current decline from peak	-9.98%	-2.53%	-7.45%
Average Drawdown Average peak-to-trough decline	-8.58%	-3.79%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	1.93%	+5.07%

Volatility

GXLK.L vs. F500.DE - Volatility Comparison

SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a higher volatility of 7.47% compared to Amundi S&P 500 ESG UCITS ETF Acc (F500.DE) at 3.00%. This indicates that GXLK.L's price experiences larger fluctuations and is considered to be riskier than F500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GXLK.L	F500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	3.00%	+4.47%
Volatility (6M) Calculated over the trailing 6-month period	16.44%	8.04%	+8.40%
Volatility (1Y) Calculated over the trailing 1-year period	21.55%	11.53%	+10.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	14.96%	+9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.33%	16.47%	+7.86%

GXLK.L vs. F500.DE - Expense Ratio Comparison

GXLK.L has a 0.15% expense ratio, which is higher than F500.DE's 0.12% expense ratio. However, 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. F500.DE - Dividend Comparison

Neither GXLK.L nor F500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GXLK.L and F500.DE in my portfolio?

GXLK.L and F500.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXLK.L or F500.DE?

On fees, F500.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXLK.L or F500.DE?

F500.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for GXLK.L.

What is the main difference between GXLK.L and F500.DE?

GXLK.L is categorized as Technology Equities, while F500.DE is S&P 500. GXLK.L tracks MSCI World/Information Tech NR USD, while F500.DE tracks S&P 500 ESG+. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for GXLK.L and 0.12% for F500.DE.