L0CK.DE vs. 4MMR.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and 4MMR.DE (Global X Defence Tech UCITS ETF USD Accumulating) are both exchange-traded funds - L0CK.DE is a Technology Equities fund tracking the STOXX® Global Digital Security, while 4MMR.DE is a Aerospace & Defense fund managed by Global X. Over the past year, L0CK.DE returned 22.61% vs 9.01% for 4MMR.DE. At a 0.47 correlation, their price movements are largely independent.
Performance
L0CK.DE vs. 4MMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly higher than 4MMR.DE's -1.20% return.
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
4MMR.DE
- 1D
- -0.10%
- 1M
- -4.45%
- YTD
- -1.20%
- 6M
- 1.77%
- 1Y
- 9.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
L0CK.DE vs. 4MMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 14.47% |
4MMR.DE Global X Defence Tech UCITS ETF USD Accumulating | -1.20% | 58.75% | 13.11% |
Correlation
The correlation between L0CK.DE and 4MMR.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2024 | 0.47 |
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Return for Risk
L0CK.DE vs. 4MMR.DE — Risk / Return Rank
L0CK.DE
4MMR.DE
L0CK.DE vs. 4MMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) and Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE). 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.
| L0CK.DE | 4MMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.08 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.45 | +1.35 |
| Martin ratioReturn relative to average drawdown | 4.44 | 1.17 | +3.27 |
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
| L0CK.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.40 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.61 | -1.01 |
Drawdowns
L0CK.DE vs. 4MMR.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, which is greater than 4MMR.DE's maximum drawdown of -19.79%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and 4MMR.DE.
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Drawdown Indicators
| L0CK.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -19.79% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -19.79% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -18.27% | +15.10% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -4.21% | -4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 7.70% | -2.62% |
Volatility
L0CK.DE vs. 4MMR.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a higher volatility of 8.18% compared to Global X Defence Tech UCITS ETF USD Accumulating (4MMR.DE) at 6.27%. This indicates that L0CK.DE's price experiences larger fluctuations and is considered to be riskier than 4MMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L0CK.DE | 4MMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 6.27% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 17.08% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 22.30% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 24.59% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 24.59% | -4.38% |
Dividends
L0CK.DE vs. 4MMR.DE - Dividend Comparison
Neither L0CK.DE nor 4MMR.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and 4MMR.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
L0CK.DE is categorized as Technology Equities, while 4MMR.DE is Aerospace & Defense. They also come from different issuers: iShares and Global X.
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