ITEP.L vs. RMAP.L

Last updated Jun 5, 2026

ITEP.L (HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating) and RMAP.L (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both exchange-traded funds - ITEP.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while RMAP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 5 years, ITEP.L returned 7.67%/yr vs 19.94%/yr for RMAP.L. At a 0.02 correlation, their price movements are largely independent. ITEP.L charges 0.59%/yr vs 0.22%/yr for RMAP.L.

Performance

ITEP.L vs. RMAP.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 The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITEP.L achieves a 24.59% return, which is significantly higher than RMAP.L's 3.85% return.

ITEP.L

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

RMAP.L

• 1D: 0.76%
• 1M: -1.33%
• YTD: 3.85%
• 6M: 5.42%
• 1Y: 33.56%
• 3Y*: 27.99%
• 5Y*: 19.94%
• 10Y*: —

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

ITEP.L vs. RMAP.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%	40.84%
RMAP.L HANetf The Royal Mint Responsibly Sourced Physical Gold ETC	3.85%	53.50%	28.00%	7.09%	11.74%	-2.81%	10.34%

Correlation

The correlation between ITEP.L and RMAP.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Feb 21, 2020	0.02

The correlation between ITEP.L and RMAP.L shifts across timeframes, from 0.02 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ITEP.L vs. RMAP.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

RMAP.L

RMAP.L Risk / Return Rank: 28
RMAP.L Sharpe Ratio Rank: 21
RMAP.L Sortino Ratio Rank: 24
RMAP.L Omega Ratio Rank: 49
RMAP.L Calmar Ratio Rank: 26
RMAP.L Martin Ratio Rank: 21

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. RMAP.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 The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.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	RMAP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.70	+1.32
Sortino ratio: Return per unit of downside risk	2.64	1.27	+1.37
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.03
Calmar ratio: Return relative to maximum drawdown	2.11	1.22	+0.88
Martin ratio: Return relative to average drawdown	4.90	2.43	+2.46
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. RMAP.L - Sharpe Ratio Comparison

The current ITEP.L Sharpe Ratio is 2.02, which is higher than the RMAP.L Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of ITEP.L and RMAP.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	RMAP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	0.70	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.81	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.71	-0.07

Drawdowns

ITEP.L vs. RMAP.L - Drawdown Comparison

The maximum ITEP.L drawdown since its inception was -47.84%, which is greater than RMAP.L's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for ITEP.L and RMAP.L.

Drawdown Indicators

	ITEP.L	RMAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.84%	-27.31%	-20.53%
Max Drawdown (1Y) Largest decline over 1 year	-21.64%	-27.31%	+5.67%
Max Drawdown (3Y) Largest decline over 3 years	-29.42%	-27.31%	-2.11%
Max Drawdown (5Y) Largest decline over 5 years	-47.84%	-27.31%	-20.53%
Current Drawdown Current decline from peak	-1.51%	-18.98%	+17.47%
Average Drawdown Average peak-to-trough decline	-18.55%	-7.28%	-11.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	13.76%	-4.44%

Volatility

ITEP.L vs. RMAP.L - Volatility Comparison

HAN-GINS Tech Megatrend Equal Weight UCITS ETF - Accumulating (ITEP.L) has a higher volatility of 6.80% compared to HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) at 5.08%. This indicates that ITEP.L's price experiences larger fluctuations and is considered to be riskier than RMAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITEP.L	RMAP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	5.08%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	16.33%	19.92%	-3.59%
Volatility (1Y) Calculated over the trailing 1-year period	22.61%	47.58%	-24.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.09%	24.84%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.68%	23.73%	+2.95%

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

ITEP.L has a 0.59% expense ratio, which is higher than RMAP.L's 0.22% expense ratio.

Dividends

ITEP.L vs. RMAP.L - Dividend Comparison

Neither ITEP.L nor RMAP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

ITEP.L and RMAP.L have a correlation of 0.19, 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 RMAP.L?

On fees, RMAP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

RMAP.L is cheaper with a 0.22% expense ratio, compared with 0.59% for ITEP.L.

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

ITEP.L is categorized as Technology Equities, while RMAP.L is Precious Metals. ITEP.L tracks MSCI World/Information Tech NR USD, while RMAP.L tracks Gold. Their fees differ too: 0.59% for ITEP.L and 0.22% for RMAP.L.