GXLK.L vs. UC99.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and UC99.L (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both exchange-traded funds - GXLK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while UC99.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, GXLK.L returned 19.28%/yr vs 15.71%/yr for UC99.L. A 0.60 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.25%/yr for UC99.L.
Performance
GXLK.L vs. UC99.L - Performance Comparison
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Different Trading Currencies
GXLK.L is traded in GBP, while UC99.L is traded in GBp. To make them comparable, the UC99.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 14.22% return, which is significantly higher than UC99.L's 10.79% return. Over the past 10 years, GXLK.L has outperformed UC99.L with an annualized return of 19.28%, while UC99.L has yielded a comparatively lower 15.71% 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%
UC99.L
- 1D
- -0.18%
- 1M
- -0.26%
- 6M
- 10.60%
- YTD
- 10.79%
- 1Y
- 23.86%
- 3Y*
- 17.49%
- 5Y*
- 12.76%
- 10Y*
- 15.71%
- ALL TIME*
- 17.33%
GXLK.L vs. UC99.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 | 14.22% | 15.88% | 24.73% | 48.31% | -40.75% | 34.21% | 43.38% | 49.62% | -1.81% | 33.90% |
UC99.L UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 10.79% | 9.22% | 23.54% | 28.83% | -14.41% | 29.84% | 17.71% | 33.68% | 1.70% | 14.02% |
Correlation
The correlation between GXLK.L and UC99.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.60 |
The correlation between GXLK.L and UC99.L shifts across timeframes, from 0.60 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GXLK.L vs. UC99.L — Risk / Return Rank
GXLK.L
UC99.L
GXLK.L vs. UC99.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 UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.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 | UC99.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.34 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.56 | -0.90 |
| Martin ratioReturn relative to average drawdown | 3.95 | 9.16 | -5.21 |
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Drawdowns
GXLK.L vs. UC99.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -43.09%, which is greater than UC99.L's maximum drawdown of -23.04%. Use the drawdown chart below to compare losses from any high point for GXLK.L and UC99.L.
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Drawdown Indicators
| GXLK.L | UC99.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.09% | -23.04% | -20.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -9.29% | -7.38% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -23.04% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -43.09% | -23.04% | -20.05% |
Max Drawdown (10Y)Largest decline over 10 years | -43.09% | -23.04% | -20.05% |
Current DrawdownCurrent decline from peak | -9.98% | -2.10% | -7.88% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -4.01% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.00% | 2.60% | +4.40% |
Volatility
GXLK.L vs. UC99.L - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a higher volatility of 7.47% compared to UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.L) at 3.76%. This indicates that GXLK.L's price experiences larger fluctuations and is considered to be riskier than UC99.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 | UC99.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 3.76% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.44% | 9.00% | +7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 12.53% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.58% | 16.11% | +8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.33% | 16.39% | +7.94% |
GXLK.L vs. UC99.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than UC99.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GXLK.L vs. UC99.L - Dividend Comparison
GXLK.L has not paid dividends to shareholders, while UC99.L's dividend yield for the trailing twelve months is around 0.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC99.L UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.41% | 0.46% | 0.67% | 0.85% | 0.79% | 0.78% | 0.98% | 0.78% | 1.27% | 0.93% | 1.00% |
Frequently Asked Questions
GXLK.L and UC99.L have a correlation of 0.77, 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 0.25% for UC99.L.
GXLK.L is categorized as Technology Equities, while UC99.L is Large Cap Blend Equities. GXLK.L tracks MSCI World/Information Tech NR USD, while UC99.L tracks Russell 1000 TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.15% for GXLK.L and 0.25% for UC99.L.
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