GXLK.L vs. LYPG.DE
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and LYPG.DE (Amundi MSCI World Information Technology UCITS ETF EUR Acc) are both Technology Equities funds - GXLK.L tracks the MSCI World/Information Tech NR USD while LYPG.DE tracks the MSCI World Information Technology. Both are passively managed. Over the past 10 years, GXLK.L returned 19.28%/yr vs 22.50%/yr for LYPG.DE. A 0.68 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.30%/yr for LYPG.DE.
Performance
GXLK.L vs. LYPG.DE - Performance Comparison
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Different Trading Currencies
GXLK.L is traded in GBP, while LYPG.DE is traded in EUR. To make them comparable, the LYPG.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 lower than LYPG.DE's 16.21% return. Over the past 10 years, GXLK.L has underperformed LYPG.DE with an annualized return of 19.28%, while LYPG.DE has yielded a comparatively higher 22.50% annualized 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%
LYPG.DE
- 1D
- 1.17%
- 1M
- -6.09%
- 6M
- 18.75%
- YTD
- 16.21%
- 1Y
- 29.00%
- 3Y*
- 25.39%
- 5Y*
- 18.12%
- 10Y*
- 22.50%
- ALL TIME*
- 20.38%
GXLK.L vs. LYPG.DE - 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 | 14.22% | 15.88% | 24.73% | 48.31% | -40.75% | 34.21% | 43.38% | 49.62% | -1.81% | 33.90% |
LYPG.DE Amundi MSCI World Information Technology UCITS ETF EUR Acc | 16.21% | 14.88% | 34.88% | 46.22% | -24.39% | 31.72% | 38.04% | 43.33% | 2.03% | 25.81% |
Correlation
The correlation between GXLK.L and LYPG.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.68 |
Over the past year, GXLK.L and LYPG.DE have become more correlated (0.95) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
GXLK.L vs. LYPG.DE — Risk / Return Rank
GXLK.L
LYPG.DE
GXLK.L vs. LYPG.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 MSCI World Information Technology UCITS ETF EUR Acc (LYPG.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 | LYPG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.76 | -0.10 |
| Martin ratioReturn relative to average drawdown | 3.95 | 4.27 | -0.32 |
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Drawdowns
GXLK.L vs. LYPG.DE - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -43.09%, which is greater than LYPG.DE's maximum drawdown of -28.29%. Use the drawdown chart below to compare losses from any high point for GXLK.L and LYPG.DE.
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Drawdown Indicators
| GXLK.L | LYPG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -28.29% | -14.80% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -16.37% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -28.29% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -43.09% | -28.29% | -14.80% |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | -28.29% | -14.80% |
Current DrawdownCurrent decline from peak | -9.98% | -8.65% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -5.12% | -3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.00% | 6.78% | +0.22% |
Volatility
GXLK.L vs. LYPG.DE - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) and Amundi MSCI World Information Technology UCITS ETF EUR Acc (LYPG.DE) have volatilities of 7.47% and 7.49%, 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 | LYPG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 7.49% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 16.67% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 21.69% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 22.42% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 21.35% | +2.98% |
GXLK.L vs. LYPG.DE - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than LYPG.DE's 0.30% expense ratio.
Dividends
GXLK.L vs. LYPG.DE - Dividend Comparison
Neither GXLK.L nor LYPG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, GXLK.L and LYPG.DE 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.
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 0.30% for LYPG.DE.
GXLK.L tracks MSCI World/Information Tech NR USD, while LYPG.DE tracks MSCI World Information Technology. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for GXLK.L and 0.30% for LYPG.DE.
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