ITEC.L vs. ESGB.L
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and ESGB.L (VanEck Vectors Video Gaming and eSports UCITS ETF A USD) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and VanEck respectively. Both are passively managed. Over the past 5 years, ITEC.L returned 11.43%/yr vs 8.20%/yr for ESGB.L. A 0.59 correlation means they provide meaningful diversification when combined. ITEC.L charges 0.18%/yr vs 0.55%/yr for ESGB.L.
Performance
ITEC.L vs. ESGB.L - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while ESGB.L is traded in GBP. To make them comparable, the ESGB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEC.L achieves a 38.43% return, which is significantly higher than ESGB.L's -8.83% return.
ITEC.L
- 1D
- -0.80%
- 1M
- -6.60%
- 6M
- 25.98%
- YTD
- 38.43%
- 1Y
- 47.13%
- 3Y*
- 20.26%
- 5Y*
- 11.43%
- 10Y*
- 15.37%
ESGB.L
- 1D
- -0.20%
- 1M
- 6.60%
- 6M
- -10.75%
- YTD
- -8.83%
- 1Y
- -7.26%
- 3Y*
- 17.20%
- 5Y*
- 8.20%
- 10Y*
- —
ITEC.L vs. ESGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 38.43% | 9.68% | 8.54% | 34.98% | -28.18% | 35.96% | 14.04% | 10.25% |
ESGB.L VanEck Vectors Video Gaming and eSports UCITS ETF A USD | -8.83% | 12.43% | 58.40% | 28.57% | -30.88% | 5.05% | 71.02% | 16.56% |
Correlation
The correlation between ITEC.L and ESGB.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2019 | 0.59 |
Over the past year, the correlation between ITEC.L and ESGB.L has dropped to 0.37 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
ITEC.L vs. ESGB.L — Risk / Return Rank
ITEC.L
ESGB.L
ITEC.L vs. ESGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.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.
| ITEC.L | ESGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.94 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | -0.27 | +4.34 |
| Martin ratioReturn relative to average drawdown | 10.05 | -0.43 | +10.48 |
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Drawdowns
ITEC.L vs. ESGB.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, roughly equal to the maximum ESGB.L drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for ITEC.L and ESGB.L.
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Drawdown Indicators
| ITEC.L | ESGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -40.14% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -26.97% | +15.46% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | -26.97% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -40.14% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -8.31% | -21.25% | +12.94% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -12.87% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 16.89% | -12.21% |
Volatility
ITEC.L vs. ESGB.L - Volatility Comparison
SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a higher volatility of 10.57% compared to VanEck Vectors Video Gaming and eSports UCITS ETF A USD (ESGB.L) at 4.76%. This indicates that ITEC.L's price experiences larger fluctuations and is considered to be riskier than ESGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITEC.L | ESGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 4.76% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 22.67% | 13.72% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.71% | 17.58% | +10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.17% | 22.45% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.15% | 23.26% | +0.89% |
ITEC.L vs. ESGB.L - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than ESGB.L's 0.55% expense ratio.
Dividends
ITEC.L vs. ESGB.L - Dividend Comparison
Neither ITEC.L nor ESGB.L has paid dividends to shareholders.
Frequently Asked Questions
ITEC.L and ESGB.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEC.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L is cheaper with a 0.18% expense ratio, compared with 0.55% for ESGB.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.18% for ITEC.L and 0.55% for ESGB.L.
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