ITEC.L vs. ESIT.L
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and ESIT.L (iShares MSCI Europe Information Technology Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, ITEC.L returned 15.12%/yr vs 15.01%/yr for ESIT.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.18% expense ratio.
Performance
ITEC.L vs. ESIT.L - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while ESIT.L is traded in GBP. To make them comparable, the ESIT.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ITEC.L having a 50.84% return and ESIT.L slightly higher at 52.72%.
ITEC.L
- 1D
- 0.11%
- 1M
- 20.47%
- YTD
- 50.84%
- 6M
- 47.59%
- 1Y
- 59.63%
- 3Y*
- 24.64%
- 5Y*
- 15.12%
- 10Y*
- 16.38%
ESIT.L
- 1D
- 0.09%
- 1M
- 20.50%
- YTD
- 52.72%
- 6M
- 49.92%
- 1Y
- 61.61%
- 3Y*
- 24.58%
- 5Y*
- 15.01%
- 10Y*
- —
ITEC.L vs. ESIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 50.84% | 9.68% | 8.54% | 34.99% | -28.19% | 35.95% | 7.92% |
ESIT.L iShares MSCI Europe Information Technology Sector UCITS ETF | 52.72% | 8.84% | 7.73% | 35.06% | -28.32% | 35.54% | 7.80% |
Correlation
The correlation between ITEC.L and ESIT.L is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.98 |
The correlation between ITEC.L and ESIT.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
ITEC.L vs. ESIT.L — Risk / Return Rank
ITEC.L
ESIT.L
ITEC.L vs. ESIT.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 iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.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.
| ITEC.L | ESIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 4.87 | -0.33 |
| Martin ratioReturn relative to average drawdown | 12.02 | 12.71 | -0.69 |
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
| ITEC.L | ESIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.44 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.73 | -0.09 |
Drawdowns
ITEC.L vs. ESIT.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, roughly equal to the maximum ESIT.L drawdown of -38.49%. Use the drawdown chart below to compare losses from any high point for ITEC.L and ESIT.L.
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Drawdown Indicators
| ITEC.L | ESIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -38.49% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -12.60% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | -26.16% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -38.49% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.34% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -12.15% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 4.83% | +0.12% |
Volatility
ITEC.L vs. ESIT.L - Volatility Comparison
SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a higher volatility of 10.27% compared to iShares MSCI Europe Information Technology Sector UCITS ETF (ESIT.L) at 9.50%. This indicates that ITEC.L's price experiences larger fluctuations and is considered to be riskier than ESIT.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 | ESIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 9.50% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 20.22% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.53% | 25.15% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 25.50% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 25.03% | -0.94% |
ITEC.L vs. ESIT.L - Expense Ratio Comparison
Both ITEC.L and ESIT.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ITEC.L vs. ESIT.L - Dividend Comparison
Neither ITEC.L nor ESIT.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ITEC.L and ESIT.L 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 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L and ESIT.L have the same expense ratio: 0.18% per year.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and iShares.
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