GXLK.L vs. XFSN.L
GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and DWS respectively. Both are passively managed. Over the past 3 years, GXLK.L returned 26.51%/yr vs 13.72%/yr for XFSN.L. A 0.71 correlation means they provide meaningful diversification when combined. GXLK.L charges 0.15%/yr vs 0.35%/yr for XFSN.L.
Performance
GXLK.L vs. XFSN.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 XFSN.L's -2.90% return.
GXLK.L
- 1D
- -2.05%
- 1M
- 14.24%
- YTD
- 23.38%
- 6M
- 22.20%
- 1Y
- 53.75%
- 3Y*
- 26.51%
- 5Y*
- —
- 10Y*
- —
XFSN.L
- 1D
- 0.59%
- 1M
- 5.60%
- YTD
- -2.90%
- 6M
- -4.80%
- 1Y
- -1.50%
- 3Y*
- 13.72%
- 5Y*
- —
- 10Y*
- —
GXLK.L vs. XFSN.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% | -9.91% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -2.90% | 2.93% | 34.89% | 21.37% | -7.30% |
Correlation
The correlation between GXLK.L and XFSN.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.71 |
The correlation between GXLK.L and XFSN.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
GXLK.L vs. XFSN.L — Risk / Return Rank
GXLK.L
XFSN.L
GXLK.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.00 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | -0.06 | +3.27 |
| Martin ratioReturn relative to average drawdown | 8.20 | -0.13 | +8.33 |
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 | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | -0.10 | +2.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.61 | +0.17 |
Drawdowns
GXLK.L vs. XFSN.L - Drawdown Comparison
The maximum GXLK.L drawdown since its inception was -28.24%, which is greater than XFSN.L's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for GXLK.L and XFSN.L.
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Drawdown Indicators
| GXLK.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -23.96% | -4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.67% | -23.96% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -28.24% | -23.96% | -4.28% |
Current DrawdownCurrent decline from peak | -2.76% | -11.60% | +8.84% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -6.19% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 11.38% | -4.84% |
Volatility
GXLK.L vs. XFSN.L - Volatility Comparison
SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a higher volatility of 6.90% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.10%. This indicates that GXLK.L's price experiences larger fluctuations and is considered to be riskier than XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 4.10% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.09% | 11.66% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 15.56% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 18.54% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 18.54% | +8.29% |
GXLK.L vs. XFSN.L - Expense Ratio Comparison
GXLK.L has a 0.15% expense ratio, which is lower than XFSN.L's 0.35% expense ratio.
Dividends
GXLK.L vs. XFSN.L - Dividend Comparison
Neither GXLK.L nor XFSN.L has paid dividends to shareholders.
Frequently Asked Questions
GXLK.L and XFSN.L have a correlation of 0.63, 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 0.35% for XFSN.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and DWS. Their fees differ too: 0.15% for GXLK.L and 0.35% for XFSN.L.
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