GXLK.L vs. KARP.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and Waystone Management respectively. Both are passively managed. Over the past 3 years, GXLK.L returned 26.51%/yr vs 2.82%/yr for KARP.L. At a 0.38 correlation, their price movements are largely independent. GXLK.L charges 0.15%/yr vs 0.72%/yr for KARP.L.
Performance
GXLK.L vs. KARP.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 higher than KARP.L's 15.05% return.
GXLK.L
- 1D
- -2.05%
- 1M
- 14.24%
- YTD
- 23.38%
- 6M
- 22.20%
- 1Y
- 53.75%
- 3Y*
- 26.51%
- 5Y*
- —
- 10Y*
- —
KARP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 15.05%
- 6M
- 15.99%
- 1Y
- 66.56%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
GXLK.L vs. KARP.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% | -9.92% |
KARP.L KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD | 15.05% | 33.35% | -17.39% | -12.26% | -21.62% |
Correlation
The correlation between GXLK.L and KARP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.38 |
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Return for Risk
GXLK.L vs. KARP.L — Risk / Return Rank
GXLK.L
KARP.L
GXLK.L vs. KARP.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 KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.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 | KARP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.55 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 6.99 | -3.78 |
| Martin ratioReturn relative to average drawdown | 8.20 | 19.86 | -11.66 |
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 | KARP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 3.13 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.14 | +0.93 |
Drawdowns
GXLK.L vs. KARP.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -28.24%, smaller than the maximum KARP.L drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for GXLK.L and KARP.L.
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Drawdown Indicators
| GXLK.L | KARP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -56.63% | +28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -9.76% | -6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -46.94% | +18.70% |
Current DrawdownCurrent decline from peak | -2.76% | -19.90% | +17.14% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -34.88% | +27.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 3.44% | +3.10% |
Volatility
GXLK.L vs. KARP.L - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a higher volatility of 6.90% compared to KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) at 0.00%. This indicates that GXLK.L's price experiences larger fluctuations and is considered to be riskier than KARP.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 | KARP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 0.00% | +6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 12.87% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 21.85% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 24.61% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 24.61% | +2.22% |
GXLK.L vs. KARP.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than KARP.L's 0.72% expense ratio.
Dividends
GXLK.L vs. KARP.L - Dividend Comparison
Neither GXLK.L nor KARP.L has paid dividends to shareholders.
Frequently Asked Questions
GXLK.L and KARP.L have a correlation of 0.35, 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 0.72% for KARP.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and Waystone Management. Their fees differ too: 0.15% for GXLK.L and 0.72% for KARP.L.
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