ITEC.L vs. LEGR.L
ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) and LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from State Street and First Trust respectively. Both are passively managed. Over the past 5 years, ITEC.L returned 15.12%/yr vs 12.91%/yr for LEGR.L. A 0.74 correlation means they provide meaningful diversification when combined. ITEC.L charges 0.18%/yr vs 0.65%/yr for LEGR.L.
Performance
ITEC.L vs. LEGR.L - Performance Comparison
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Different Trading Currencies
ITEC.L is traded in EUR, while LEGR.L is traded in USD. To make them comparable, the LEGR.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 50.84% return, which is significantly higher than LEGR.L's 13.54% return.
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%
LEGR.L
- 1D
- 0.04%
- 1M
- 7.21%
- YTD
- 13.54%
- 6M
- 16.33%
- 1Y
- 28.78%
- 3Y*
- 20.71%
- 5Y*
- 12.91%
- 10Y*
- —
ITEC.L vs. LEGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 50.84% | 9.68% | 8.54% | 34.99% | -28.19% | 35.95% | 14.06% | 36.63% | -6.34% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 13.54% | 15.96% | 23.97% | 18.17% | -13.51% | 26.18% | 9.22% | 29.45% | -2.95% |
Correlation
The correlation between ITEC.L and LEGR.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2018 | 0.74 |
The correlation between ITEC.L and LEGR.L has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
ITEC.L vs. LEGR.L — Risk / Return Rank
ITEC.L
LEGR.L
ITEC.L vs. LEGR.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 First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.74 | +0.80 |
| Martin ratioReturn relative to average drawdown | 12.02 | 12.69 | -0.67 |
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 | LEGR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.05 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.83 | -0.24 |
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 | 0.78 | -0.14 |
Drawdowns
ITEC.L vs. LEGR.L - Drawdown Comparison
The maximum ITEC.L drawdown since its inception was -38.49%, which is greater than LEGR.L's maximum drawdown of -34.14%. Use the drawdown chart below to compare losses from any high point for ITEC.L and LEGR.L.
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Drawdown Indicators
| ITEC.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.49% | -34.14% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.06% | -7.65% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -26.94% | -17.86% | -9.08% |
Max Drawdown (5Y)Largest decline over 5 years | -38.49% | -19.41% | -19.08% |
Max Drawdown (10Y)Largest decline over 10 years | -38.49% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.31% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -5.39% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 2.26% | +2.69% |
Volatility
ITEC.L vs. LEGR.L - Volatility Comparison
SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a higher volatility of 10.27% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) at 4.96%. This indicates that ITEC.L's price experiences larger fluctuations and is considered to be riskier than LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 4.96% | +5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 10.74% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.53% | 13.95% | +11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.71% | 15.59% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 17.87% | +6.22% |
ITEC.L vs. LEGR.L - Expense Ratio Comparison
ITEC.L has a 0.18% expense ratio, which is lower than LEGR.L's 0.65% expense ratio.
Dividends
ITEC.L vs. LEGR.L - Dividend Comparison
Neither ITEC.L nor LEGR.L has paid dividends to shareholders.
Frequently Asked Questions
ITEC.L and LEGR.L have a correlation of 0.67, 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 0.65% for LEGR.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: State Street and First Trust. Their fees differ too: 0.18% for ITEC.L and 0.65% for LEGR.L.
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