GXLK.L vs. KLWD.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and KLWD.L (WisdomTree Cloud Computing UCITS ETF - USD Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and WisdomTree respectively. Both are passively managed. Over the past 5 years, GXLK.L returned 12.66%/yr vs -11.41%/yr for KLWD.L. A 0.51 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.40%/yr for KLWD.L.
Performance
GXLK.L vs. KLWD.L - Performance Comparison
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Different Trading Currencies
GXLK.L is traded in GBP, while KLWD.L is traded in GBp. To make them comparable, the KLWD.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 19.29% return, which is significantly higher than KLWD.L's -15.63% return.
GXLK.L
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 19.29%
- 6M
- 19.45%
- 1Y
- 42.68%
- 3Y*
- 25.59%
- 5Y*
- 12.66%
- 10Y*
- 21.00%
KLWD.L
- 1D
- -2.23%
- 1M
- -2.03%
- YTD
- -15.63%
- 6M
- -16.04%
- 1Y
- -15.40%
- 3Y*
- -2.95%
- 5Y*
- -11.41%
- 10Y*
- —
GXLK.L vs. KLWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 19.29% | 15.88% | 24.73% | 48.31% | -40.75% | 34.21% | 43.38% | 15.96% |
KLWD.L WisdomTree Cloud Computing UCITS ETF - USD Acc | -15.63% | -13.53% | 8.64% | 36.28% | -47.64% | -1.42% | 104.68% | -22.81% |
Correlation
The correlation between GXLK.L and KLWD.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.51 |
The correlation between GXLK.L and KLWD.L shifts across timeframes, from 0.36 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GXLK.L vs. KLWD.L — Risk / Return Rank
GXLK.L
KLWD.L
GXLK.L vs. KLWD.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 WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.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 | KLWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.95 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | -0.44 | +3.01 |
| Martin ratioReturn relative to average drawdown | 6.40 | -1.01 | +7.42 |
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Drawdowns
GXLK.L vs. KLWD.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -43.09%, smaller than the maximum KLWD.L drawdown of -63.07%. Use the drawdown chart below to compare losses from any high point for GXLK.L and KLWD.L.
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Drawdown Indicators
| GXLK.L | KLWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -63.07% | +19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -34.77% | +18.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -46.38% | +18.14% |
Max Drawdown (5Y)Largest decline over 5 years | -43.09% | -63.07% | +19.98% |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -54.26% | +48.28% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -35.07% | +26.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 15.16% | -8.48% |
Volatility
GXLK.L vs. KLWD.L - Volatility Comparison
The current volatility for SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) is 8.47%, while WisdomTree Cloud Computing UCITS ETF - USD Acc (KLWD.L) has a volatility of 15.96%. This indicates that GXLK.L experiences smaller price fluctuations and is considered to be less risky than KLWD.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 | KLWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 15.96% | -7.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.38% | 31.97% | -16.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 35.36% | -14.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.43% | 37.03% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.26% | 37.32% | -13.06% |
GXLK.L vs. KLWD.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than KLWD.L's 0.40% expense ratio.
Dividends
GXLK.L vs. KLWD.L - Dividend Comparison
Neither GXLK.L nor KLWD.L has paid dividends to shareholders.
Frequently Asked Questions
GXLK.L and KLWD.L have a correlation of 0.36, 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 0.40% for KLWD.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.15% for GXLK.L and 0.40% for KLWD.L.
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