L0CK.DE vs. IHAK
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and IHAK (iShares Cybersecurity & Tech ETF) are both Technology Equities funds from iShares - L0CK.DE tracks the STOXX® Global Digital Security while IHAK tracks the NYSE FactSet Global Cyber Security Index. Both are passively managed. Over the past 5 years, L0CK.DE returned 10.97%/yr vs 8.79%/yr for IHAK. A 0.63 correlation means they provide meaningful diversification when combined. L0CK.DE charges 0.40%/yr vs 0.47%/yr for IHAK.
Performance
L0CK.DE vs. IHAK - Performance Comparison
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Different Trading Currencies
L0CK.DE is traded in EUR, while IHAK is traded in USD. To make them comparable, the IHAK values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, L0CK.DE achieves a 19.85% return, which is significantly lower than IHAK's 24.36% 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*
- —
IHAK
- 1D
- -0.36%
- 1M
- 20.09%
- YTD
- 24.36%
- 6M
- 19.54%
- 1Y
- 13.01%
- 3Y*
- 14.36%
- 5Y*
- 8.79%
- 10Y*
- —
L0CK.DE vs. IHAK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 12.08% |
IHAK iShares Cybersecurity & Tech ETF | 24.36% | -13.01% | 14.70% | 33.64% | -21.21% | 19.44% | 38.76% | 7.28% |
Correlation
The correlation between L0CK.DE and IHAK is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.63 |
The correlation between L0CK.DE and IHAK has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
L0CK.DE vs. IHAK — Risk / Return Rank
L0CK.DE
IHAK
L0CK.DE vs. IHAK - 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 iShares Cybersecurity & Tech ETF (IHAK). 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 | IHAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.55 | +1.26 |
| Martin ratioReturn relative to average drawdown | 4.44 | 1.33 | +3.11 |
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 | IHAK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.54 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.38 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.08 |
Drawdowns
L0CK.DE vs. IHAK - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.50%, roughly equal to the maximum IHAK drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and IHAK.
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Drawdown Indicators
| L0CK.DE | IHAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.50% | -31.02% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -23.91% | +11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -27.07% | -30.91% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -30.91% | +2.37% |
Current DrawdownCurrent decline from peak | -3.17% | -2.86% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -10.46% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 9.80% | -4.72% |
Volatility
L0CK.DE vs. IHAK - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) is 8.18%, while iShares Cybersecurity & Tech ETF (IHAK) has a volatility of 9.28%. This indicates that L0CK.DE experiences smaller price fluctuations and is considered to be less risky than IHAK 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 | IHAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 9.28% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 20.08% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 24.07% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.90% | 23.25% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 24.49% | -4.28% |
L0CK.DE vs. IHAK - Expense Ratio Comparison
L0CK.DE has a 0.40% expense ratio, which is lower than IHAK's 0.47% expense ratio.
Dividends
L0CK.DE vs. IHAK - Dividend Comparison
L0CK.DE has not paid dividends to shareholders, while IHAK's dividend yield for the trailing twelve months is around 0.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IHAK iShares Cybersecurity & Tech ETF | 0.07% | 0.08% | 0.20% | 0.13% | 0.25% | 0.50% | 0.40% | 0.50% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
L0CK.DE and IHAK have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L0CK.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L0CK.DE is cheaper with a 0.40% expense ratio, compared with 0.47% for IHAK.
L0CK.DE tracks STOXX® Global Digital Security, while IHAK tracks NYSE FactSet Global Cyber Security Index. Their fees differ too: 0.40% for L0CK.DE and 0.47% for IHAK.
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