GXLK.L vs. IITU.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both Technology Equities funds - GXLK.L tracks the MSCI World/Information Tech NR USD while IITU.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 3 years, GXLK.L returned 26.51%/yr vs 30.94%/yr for IITU.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.
Performance
GXLK.L vs. IITU.L - Performance Comparison
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Different Trading Currencies
GXLK.L is traded in GBP, while IITU.L is traded in GBp. To make them comparable, the IITU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with GXLK.L having a 23.38% return and IITU.L slightly lower at 23.25%.
GXLK.L
- 1D
- -2.05%
- 1M
- 12.00%
- YTD
- 23.38%
- 6M
- 21.44%
- 1Y
- 52.82%
- 3Y*
- 26.51%
- 5Y*
- —
- 10Y*
- —
IITU.L
- 1D
- -2.08%
- 1M
- 14.24%
- YTD
- 23.25%
- 6M
- 22.00%
- 1Y
- 53.38%
- 3Y*
- 30.94%
- 5Y*
- 25.50%
- 10Y*
- 27.26%
GXLK.L vs. IITU.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% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 23.25% | 14.44% | 40.85% | 50.70% | -16.47% |
Correlation
The correlation between GXLK.L and IITU.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.98 |
The correlation between GXLK.L and IITU.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
GXLK.L vs. IITU.L — Risk / Return Rank
GXLK.L
IITU.L
GXLK.L vs. IITU.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 S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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 | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.17 | +0.04 |
| Martin ratioReturn relative to average drawdown | 8.20 | 8.17 | +0.03 |
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 | IITU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 2.71 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.23 | -0.44 |
Drawdowns
GXLK.L vs. IITU.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -28.24%, roughly equal to the maximum IITU.L drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for GXLK.L and IITU.L.
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Drawdown Indicators
| GXLK.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -28.03% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -16.76% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -28.03% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.03% | — |
Current DrawdownCurrent decline from peak | -2.76% | -2.89% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -5.14% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 6.51% | +0.03% |
Volatility
GXLK.L vs. IITU.L - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) have volatilities of 6.90% and 7.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXLK.L | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 7.01% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 14.45% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 19.60% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 21.94% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 21.31% | +5.52% |
GXLK.L vs. IITU.L - Expense Ratio Comparison
Both GXLK.L and IITU.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GXLK.L vs. IITU.L - Dividend Comparison
Neither GXLK.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, GXLK.L and IITU.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L and IITU.L have the same expense ratio: 0.15% per year.
GXLK.L tracks MSCI World/Information Tech NR USD, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: State Street and iShares.
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