ITEC.L vs. IXN
Compare and contrast key facts about SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and iShares Global Tech ETF (IXN).
ITEC.L and IXN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEC.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 5, 2014. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001. Both ITEC.L and IXN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITEC.L or IXN.
Correlation
The correlation between ITEC.L and IXN is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ITEC.L vs. IXN - Performance Comparison
Key characteristics
ITEC.L:
0.24
IXN:
0.94
ITEC.L:
0.49
IXN:
1.34
ITEC.L:
1.06
IXN:
1.18
ITEC.L:
0.31
IXN:
1.28
ITEC.L:
0.58
IXN:
3.92
ITEC.L:
10.14%
IXN:
5.49%
ITEC.L:
24.22%
IXN:
22.88%
ITEC.L:
-38.49%
IXN:
-55.67%
ITEC.L:
-3.24%
IXN:
-2.58%
Returns By Period
In the year-to-date period, ITEC.L achieves a 9.94% return, which is significantly higher than IXN's 1.62% return. Over the past 10 years, ITEC.L has underperformed IXN with an annualized return of 11.55%, while IXN has yielded a comparatively higher 18.98% annualized return.
ITEC.L
9.94%
0.78%
8.13%
5.75%
10.81%
11.55%
IXN
1.62%
-1.70%
4.44%
18.40%
18.96%
18.98%
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ITEC.L vs. IXN - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than IXN's 0.46% expense ratio.
Risk-Adjusted Performance
ITEC.L vs. IXN — Risk-Adjusted Performance Rank
ITEC.L
IXN
ITEC.L vs. IXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) and iShares Global Tech ETF (IXN). 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.
Dividends
ITEC.L vs. IXN - Dividend Comparison
ITEC.L has not paid dividends to shareholders, while IXN's dividend yield for the trailing twelve months is around 0.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXN iShares Global Tech ETF | 0.42% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% |
Drawdowns
ITEC.L vs. IXN - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, smaller than the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for ITEC.L and IXN. For additional features, visit the drawdowns tool.
Volatility
ITEC.L vs. IXN - Volatility Comparison
The current volatility for SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) is 7.00%, while iShares Global Tech ETF (IXN) has a volatility of 8.12%. This indicates that ITEC.L experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.