ITEK.L vs. KARP.L
ITEK.L (HAN-GINS Tech Megatrend Equal Weight UCITS ETF) and KARP.L (KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD) are both Technology Equities funds - ITEK.L tracks the Solactive Innovative Technologies Index while KARP.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, ITEK.L returned 25.22%/yr vs 5.43%/yr for KARP.L. A 0.61 correlation means they provide meaningful diversification when combined. ITEK.L charges 0.59%/yr vs 0.72%/yr for KARP.L.
Performance
ITEK.L vs. KARP.L - Performance Comparison
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Different Trading Currencies
ITEK.L is traded in USD, while KARP.L is traded in GBP. To make them comparable, the KARP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITEK.L achieves a 24.28% return, which is significantly higher than KARP.L's 14.71% return.
ITEK.L
- 1D
- 0.19%
- 1M
- 13.86%
- YTD
- 24.28%
- 6M
- 20.34%
- 1Y
- 44.45%
- 3Y*
- 25.22%
- 5Y*
- 6.54%
- 10Y*
- —
KARP.L
- 1D
- -0.36%
- 1M
- -0.90%
- YTD
- 14.71%
- 6M
- 16.79%
- 1Y
- 64.89%
- 3Y*
- 5.43%
- 5Y*
- —
- 10Y*
- —
ITEK.L vs. KARP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ITEK.L HAN-GINS Tech Megatrend Equal Weight UCITS ETF | 24.28% | 18.69% | 12.39% | 51.33% | -18.42% |
KARP.L KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD | 14.71% | 43.41% | -18.77% | -7.63% | -21.08% |
Correlation
The correlation between ITEK.L and KARP.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.61 |
The correlation between ITEK.L and KARP.L shifts across timeframes, from 0.47 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITEK.L vs. KARP.L — Risk / Return Rank
ITEK.L
KARP.L
ITEK.L vs. KARP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK.L) and KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.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.
| ITEK.L | KARP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 6.43 | -4.39 |
| Martin ratioReturn relative to average drawdown | 5.05 | 19.86 | -14.81 |
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
| ITEK.L | KARP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.94 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | -0.03 | +0.58 |
Drawdowns
ITEK.L vs. KARP.L - Drawdown Comparison
The maximum ITEK.L drawdown since its inception was -54.15%, roughly equal to the maximum KARP.L drawdown of -54.09%. Use the drawdown chart below to compare losses from any high point for ITEK.L and KARP.L.
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Drawdown Indicators
| ITEK.L | KARP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.15% | -54.09% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.74% | -10.43% | -11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.11% | -47.25% | +19.14% |
Max Drawdown (5Y)Largest decline over 5 years | -53.31% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -10.84% | +8.96% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -31.39% | +11.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.77% | 3.38% | +5.39% |
Volatility
ITEK.L vs. KARP.L - Volatility Comparison
HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK.L) has a higher volatility of 8.72% compared to KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) at 1.82%. This indicates that ITEK.L's price experiences larger fluctuations and is considered to be riskier than KARP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITEK.L | KARP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 1.82% | +6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 14.09% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 22.85% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.18% | 26.63% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.72% | 26.63% | +0.09% |
ITEK.L vs. KARP.L - Expense Ratio Comparison
ITEK.L has a 0.59% expense ratio, which is lower than KARP.L's 0.72% expense ratio.
Dividends
ITEK.L vs. KARP.L - Dividend Comparison
Neither ITEK.L nor KARP.L has paid dividends to shareholders.
Frequently Asked Questions
ITEK.L and KARP.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEK.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEK.L is cheaper with a 0.59% expense ratio, compared with 0.72% for KARP.L.
ITEK.L tracks Solactive Innovative Technologies Index, while KARP.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: HANetf and Waystone Management. Their fees differ too: 0.59% for ITEK.L and 0.72% for KARP.L.
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