ITEB.L vs. IUIT.L

Last updated Jul 16, 2026

ITEB.L (iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist)) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - ITEB.L is a Government Bonds fund tracking the iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist), while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 3 years, ITEB.L returned 5.84%/yr vs 27.83%/yr for IUIT.L. At a 0.08 correlation, their price movements are largely independent.

Performance

ITEB.L vs. IUIT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) (ITEB.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ITEB.L is traded in GBP, while IUIT.L is traded in USD. To make them comparable, the IUIT.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ITEB.L achieves a 0.50% return, which is significantly lower than IUIT.L's 16.58% return.

ITEB.L

• 1D: -0.18%
• 1M: -0.57%
• 6M: -0.22%
• YTD: 0.50%
• 1Y: 2.87%
• 3Y*: 5.84%
• 5Y*: —
• 10Y*: —

IUIT.L

• 1D: -1.81%
• 1M: -3.80%
• 6M: 18.89%
• YTD: 16.58%
• 1Y: 30.26%
• 3Y*: 27.83%
• 5Y*: 21.45%
• 10Y*: 25.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITEB.L vs. IUIT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ITEB.L iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist)	0.50%	5.10%	6.13%	10.70%	0.86%
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF	16.58%	14.17%	40.92%	51.48%	-7.42%

Correlation

The correlation between ITEB.L and IUIT.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.08

The correlation between ITEB.L and IUIT.L shifts across timeframes, from 0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ITEB.L vs. IUIT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITEB.L

ITEB.L Risk / Return Rank: 21
ITEB.L Sharpe Ratio Rank: 21
ITEB.L Sortino Ratio Rank: 19
ITEB.L Omega Ratio Rank: 21
ITEB.L Calmar Ratio Rank: 20
ITEB.L Martin Ratio Rank: 23

IUIT.L

IUIT.L Risk / Return Rank: 46
IUIT.L Sharpe Ratio Rank: 52
IUIT.L Sortino Ratio Rank: 50
IUIT.L Omega Ratio Rank: 46
IUIT.L Calmar Ratio Rank: 45
IUIT.L Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITEB.L vs. IUIT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) (ITEB.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.

	ITEB.L	IUIT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.36	-0.77
Sortino ratio: Return per unit of downside risk	0.88	1.93	-1.05
Omega ratio: Gain probability vs. loss probability	1.12	1.24	-0.12
Calmar ratio: Return relative to maximum drawdown	0.71	1.78	-1.07
Martin ratio: Return relative to average drawdown	2.22	4.24	-2.02

ITEB.L vs. IUIT.L - Sharpe Ratio Comparison

The current ITEB.L Sharpe Ratio is 0.59, which is lower than the IUIT.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of ITEB.L and IUIT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ITEB.L vs. IUIT.L - Drawdown Comparison

The maximum ITEB.L drawdown since its inception was -5.97%, smaller than the maximum IUIT.L drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for ITEB.L and IUIT.L.

Drawdown Indicators

	ITEB.L	IUIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-5.97%	-28.01%	+22.04%
Max Drawdown (1Y) Largest decline over 1 year	-4.03%	-16.96%	+12.93%
Max Drawdown (3Y) Largest decline over 3 years	-4.03%	-28.01%	+23.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.01%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.01%	—
Current Drawdown Current decline from peak	-1.61%	-8.27%	+6.66%
Average Drawdown Average peak-to-trough decline	-1.24%	-5.18%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	7.11%	-5.82%

Volatility

ITEB.L vs. IUIT.L - Volatility Comparison

The current volatility for iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) (ITEB.L) is 1.12%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.26%. This indicates that ITEB.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITEB.L	IUIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	7.26%	-6.14%
Volatility (6M) Calculated over the trailing 6-month period	4.19%	17.36%	-13.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.81%	22.17%	-17.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.19%	23.19%	-17.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.19%	22.24%	-16.05%

Dividends

ITEB.L vs. IUIT.L - Dividend Comparison

ITEB.L's dividend yield for the trailing twelve months is around 2.87%, while IUIT.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ITEB.L iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist)	2.87%	2.81%	2.58%	2.25%
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITEB.L and IUIT.L in my portfolio?

ITEB.L and IUIT.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between ITEB.L and IUIT.L?

ITEB.L is categorized as Government Bonds, while IUIT.L is Technology Equities. ITEB.L tracks iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist), while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index.