GXLK.L vs. IDTW.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and IDTW.L (iShares MSCI Taiwan UCITS ETF USD (Dist)) are both Technology Equities funds - GXLK.L tracks the MSCI World/Information Tech NR USD while IDTW.L tracks the MSCI Taiwan 20/35 Index (Net) (USD). Both are passively managed. Over the past 10 years, GXLK.L returned 19.60%/yr vs 19.60%/yr for IDTW.L. At a 0.46 correlation, their price movements are largely independent. GXLK.L charges 0.15%/yr vs 0.74%/yr for IDTW.L.
Performance
GXLK.L vs. IDTW.L - Performance Comparison
Loading charts...
Different Trading Currencies
GXLK.L is traded in GBP, while IDTW.L is traded in USD. To make them comparable, the IDTW.L 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 15.77% return, which is significantly lower than IDTW.L's 51.98% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GXLK.L at 19.60% and IDTW.L at 19.60%.
GXLK.L
- 1D
- 0.00%
- 1M
- -3.25%
- 6M
- 16.40%
- YTD
- 15.77%
- 1Y
- 28.68%
- 3Y*
- 23.35%
- 5Y*
- 11.22%
- 10Y*
- 19.60%
IDTW.L
- 1D
- -3.83%
- 1M
- -11.68%
- 6M
- 41.89%
- YTD
- 51.98%
- 1Y
- 72.88%
- 3Y*
- 36.25%
- 5Y*
- 19.38%
- 10Y*
- 19.60%
GXLK.L vs. IDTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 15.77% | 15.88% | 24.73% | 48.31% | -40.75% | 34.21% | 43.38% | 49.62% | -1.81% | 33.90% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 51.98% | 22.39% | 25.77% | 22.40% | -21.17% | 29.73% | 30.40% | 29.33% | -3.73% | 16.98% |
Correlation
The correlation between GXLK.L and IDTW.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.46 |
Over the past year, GXLK.L and IDTW.L have become more correlated (0.68) than their long-term average of 0.46, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GXLK.L vs. IDTW.L — Risk / Return Rank
GXLK.L
IDTW.L
GXLK.L vs. IDTW.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 Taiwan UCITS ETF USD (Dist) (IDTW.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.
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 | IDTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 4.61 | -2.88 |
| Martin ratioReturn relative to average drawdown | 4.13 | 17.16 | -13.03 |
Loading charts...
Drawdowns
GXLK.L vs. IDTW.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -43.09%, smaller than the maximum IDTW.L drawdown of -47.00%. Use the drawdown chart below to compare losses from any high point for GXLK.L and IDTW.L.
Loading charts...
Drawdown Indicators
| GXLK.L | IDTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -47.00% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -15.73% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -29.91% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -43.09% | -30.18% | -12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | -30.18% | -12.91% |
Current DrawdownCurrent decline from peak | -8.76% | -15.73% | +6.97% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -9.11% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 4.23% | +2.73% |
Volatility
GXLK.L vs. IDTW.L - Volatility Comparison
The current volatility for SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) is 7.44%, while iShares MSCI Taiwan UCITS ETF USD (Dist) (IDTW.L) has a volatility of 11.44%. This indicates that GXLK.L experiences smaller price fluctuations and is considered to be less risky than IDTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GXLK.L | IDTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 11.44% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 23.56% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.54% | 27.04% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 22.51% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 21.79% | +2.53% |
GXLK.L vs. IDTW.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than IDTW.L's 0.74% expense ratio.
Dividends
GXLK.L vs. IDTW.L - Dividend Comparison
GXLK.L has not paid dividends to shareholders, while IDTW.L's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDTW.L iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.99% | 1.51% | 1.43% | 2.09% | 3.39% | 1.35% | 1.73% | 2.15% | 2.78% | 2.70% | 3.10% | 3.33% |
Frequently Asked Questions
GXLK.L and IDTW.L have a correlation of 0.68, 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 0.74% for IDTW.L.
GXLK.L tracks MSCI World/Information Tech NR USD, while IDTW.L tracks MSCI Taiwan 20/35 Index (Net) (USD). They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for GXLK.L and 0.74% for IDTW.L.
Find the right allocation for GXLK.L and IDTW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer