ITEP.L vs. PMLP.L

Last updated Jun 5, 2026

ITEP.L (HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating) and PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both exchange-traded funds - ITEP.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while PMLP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, ITEP.L returned 7.67%/yr vs 19.66%/yr for PMLP.L. At a 0.19 correlation, their price movements are largely independent. ITEP.L charges 0.59%/yr vs 0.40%/yr for PMLP.L.

Performance

ITEP.L vs. PMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating (ITEP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ITEP.L having a 24.59% return and PMLP.L slightly higher at 25.60%.

ITEP.L

• 1D: 0.34%
• 1M: 15.22%
• YTD: 24.59%
• 6M: 19.79%
• 1Y: 45.78%
• 3Y*: 21.96%
• 5Y*: 7.67%
• 10Y*: —

PMLP.L

• 1D: -0.87%
• 1M: 0.16%
• YTD: 25.60%
• 6M: 23.75%
• 1Y: 28.09%
• 3Y*: 21.97%
• 5Y*: 19.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITEP.L vs. PMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ITEP.L HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating	24.59%	10.45%	14.23%	43.21%	-39.07%	9.11%	27.29%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	25.60%	-1.40%	35.81%	7.61%	35.33%	34.88%	8.45%

Correlation

The correlation between ITEP.L and PMLP.L is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020	0.19

The correlation between ITEP.L and PMLP.L shifts across timeframes, from -0.14 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.

ITEP.L vs. PMLP.L - Sectors Allocation Comparison

Sectors	ITEP.L	PMLP.L
Technology	45.1%	-
Industrials	14.9%	-
Communication Services	14.8%	-
Financial Services	8.6%	-
Healthcare	7.8%	-
Consumer Cyclical	7.8%	-
Basic Materials	1.0%	-
Consumer Defensive	-	-
Energy	-	100.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

ITEP.L vs. PMLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITEP.L

ITEP.L Risk / Return Rank: 50
ITEP.L Sharpe Ratio Rank: 61
ITEP.L Sortino Ratio Rank: 56
ITEP.L Omega Ratio Rank: 54
ITEP.L Calmar Ratio Rank: 44
ITEP.L Martin Ratio Rank: 33

PMLP.L

PMLP.L Risk / Return Rank: 44
PMLP.L Sharpe Ratio Rank: 43
PMLP.L Sortino Ratio Rank: 40
PMLP.L Omega Ratio Rank: 40
PMLP.L Calmar Ratio Rank: 53
PMLP.L Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITEP.L vs. PMLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating (ITEP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.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.

	ITEP.L	PMLP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.48	+0.53
Sortino ratio: Return per unit of downside risk	2.64	2.01	+0.64
Omega ratio: Gain probability vs. loss probability	1.33	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	2.11	2.58	-0.48
Martin ratio: Return relative to average drawdown	4.90	7.47	-2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITEP.L vs. PMLP.L - Sharpe Ratio Comparison

The current ITEP.L Sharpe Ratio is 2.02, which is higher than the PMLP.L Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of ITEP.L and PMLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITEP.L	PMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	1.48	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	1.01	-0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	1.27	-0.63

Drawdowns

ITEP.L vs. PMLP.L - Drawdown Comparison

The maximum ITEP.L drawdown since its inception was -47.84%, which is greater than PMLP.L's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for ITEP.L and PMLP.L.

Drawdown Indicators

	ITEP.L	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.84%	-20.50%	-27.34%
Max Drawdown (1Y) Largest decline over 1 year	-21.64%	-10.82%	-10.82%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-20.50%	-8.92%
Max Drawdown (5Y) Largest decline over 5 years	-47.84%	-20.50%	-27.34%
Current Drawdown Current decline from peak	-1.51%	-5.14%	+3.63%
Average Drawdown Average peak-to-trough decline	-18.55%	-5.88%	-12.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	3.75%	+5.57%

Volatility

ITEP.L vs. PMLP.L - Volatility Comparison

The current volatility for HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating (ITEP.L) is 6.80%, while HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) has a volatility of 7.43%. This indicates that ITEP.L experiences smaller price fluctuations and is considered to be less risky than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITEP.L	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	7.43%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	16.33%	15.51%	+0.82%
Volatility (1Y) Calculated over the trailing 1-year period	22.61%	18.86%	+3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	19.86%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.68%	21.34%	+5.34%

ITEP.L vs. PMLP.L - Expense Ratio Comparison

ITEP.L has a 0.59% expense ratio, which is higher than PMLP.L's 0.40% expense ratio.

Dividends

ITEP.L vs. PMLP.L - Dividend Comparison

ITEP.L has not paid dividends to shareholders, while PMLP.L's dividend yield for the trailing twelve months is around 2.77%.

Position	TTM	2025	2024	2023	2022	2021	2020
ITEP.L HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.77%	3.31%	3.37%	6.48%	6.12%	6.57%	4.17%

Frequently Asked Questions

Can I hold both ITEP.L and PMLP.L in my portfolio?

ITEP.L and PMLP.L have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITEP.L or PMLP.L?

On fees, PMLP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ITEP.L or PMLP.L?

PMLP.L is cheaper with a 0.40% expense ratio, compared with 0.59% for ITEP.L.

What is the main difference between ITEP.L and PMLP.L?

ITEP.L is categorized as Technology Equities, while PMLP.L is Energy Equities. ITEP.L tracks MSCI World/Information Tech NR USD, while PMLP.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.59% for ITEP.L and 0.40% for PMLP.L.