IITU.L vs. SXLK.AS
IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) and SXLK.AS (SPDR S&P U.S. Technology Select Sector UCITS ETF) are both Technology Equities funds - IITU.L tracks the S&P 500 Capped 35/20 Information Technology Index while SXLK.AS tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, IITU.L returned 24.61%/yr vs 22.55%/yr for SXLK.AS. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
IITU.L vs. SXLK.AS - Performance Comparison
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Different Trading Currencies
IITU.L is traded in GBp, while SXLK.AS is traded in EUR. To make them comparable, the SXLK.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IITU.L achieves a 19.90% return, which is significantly lower than SXLK.AS's 23.59% return.
IITU.L
- 1D
- 0.03%
- 1M
- 6.23%
- YTD
- 19.90%
- 6M
- 16.95%
- 1Y
- 48.26%
- 3Y*
- 30.66%
- 5Y*
- 24.61%
- 10Y*
- 26.86%
SXLK.AS
- 1D
- -2.24%
- 1M
- 9.03%
- YTD
- 23.59%
- 6M
- 20.09%
- 1Y
- 52.64%
- 3Y*
- 26.52%
- 5Y*
- 22.55%
- 10Y*
- —
IITU.L vs. SXLK.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 19.90% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | -16.30% |
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF | 23.59% | 16.04% | 25.33% | 48.12% | -21.16% | 37.65% | 39.16% | 42.77% | -15.81% |
Correlation
The correlation between IITU.L and SXLK.AS is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2018 | 0.94 |
The correlation between IITU.L and SXLK.AS has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
IITU.L vs. SXLK.AS — Risk / Return Rank
IITU.L
SXLK.AS
IITU.L vs. SXLK.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) and SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS). 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.
| IITU.L | SXLK.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.15 | -0.28 |
| Martin ratioReturn relative to average drawdown | 7.37 | 8.14 | -0.77 |
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
| IITU.L | SXLK.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.68 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.01 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.98 | -0.16 |
Drawdowns
IITU.L vs. SXLK.AS - Drawdown Comparison
The maximum IITU.L drawdown since its inception was -41.09%, which is greater than SXLK.AS's maximum drawdown of -28.04%. Use the drawdown chart below to compare losses from any high point for IITU.L and SXLK.AS.
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Drawdown Indicators
| IITU.L | SXLK.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.09% | -28.04% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -16.78% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.03% | -28.04% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -28.04% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | — | — |
Current DrawdownCurrent decline from peak | -5.54% | -2.81% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -6.14% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 6.52% | +0.01% |
Volatility
IITU.L vs. SXLK.AS - Volatility Comparison
iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) and SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) have volatilities of 7.54% and 7.40%, 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
| IITU.L | SXLK.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 7.40% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 14.51% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 19.68% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.13% | 21.86% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.64% | 22.61% | +1.03% |
IITU.L vs. SXLK.AS - Expense Ratio Comparison
Both IITU.L and SXLK.AS have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IITU.L vs. SXLK.AS - Dividend Comparison
Neither IITU.L nor SXLK.AS has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, IITU.L and SXLK.AS 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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IITU.L and SXLK.AS have the same expense ratio: 0.15% per year.
IITU.L tracks S&P 500 Capped 35/20 Information Technology Index, while SXLK.AS tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and State Street.
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