LOCK.L vs. KROP.L
LOCK.L (iShares Digital Security UCITS ETF USD Acc) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - LOCK.L tracks the MSCI World/Information Tech NR USD while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, LOCK.L returned 19.55%/yr vs -1.14%/yr for KROP.L. A 0.51 correlation means they provide meaningful diversification when combined. LOCK.L charges 0.40%/yr vs 0.50%/yr for KROP.L.
Performance
LOCK.L vs. KROP.L - Performance Comparison
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Returns By Period
In the year-to-date period, LOCK.L achieves a 17.34% return, which is significantly higher than KROP.L's 14.50% return.
LOCK.L
- 1D
- -0.42%
- 1M
- 4.11%
- 6M
- 16.54%
- YTD
- 17.34%
- 1Y
- 25.50%
- 3Y*
- 19.55%
- 5Y*
- 9.23%
- 10Y*
- —
KROP.L
- 1D
- 0.30%
- 1M
- 1.72%
- 6M
- 6.03%
- YTD
- 14.50%
- 1Y
- 11.32%
- 3Y*
- -1.14%
- 5Y*
- —
- 10Y*
- —
LOCK.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LOCK.L iShares Digital Security UCITS ETF USD Acc | 17.34% | 11.29% | 16.92% | 33.93% | -18.80% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.50% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between LOCK.L and KROP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.51 |
Over the past year, the correlation between LOCK.L and KROP.L has dropped to 0.24 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
LOCK.L vs. KROP.L — Risk / Return Rank
LOCK.L
KROP.L
LOCK.L vs. KROP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Acc (LOCK.L) and Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LOCK.L | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.13 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.06 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.67 | 2.17 | +2.50 |
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Drawdowns
LOCK.L vs. KROP.L - Drawdown Comparison
The maximum LOCK.L drawdown since its inception was -36.04%, smaller than the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for LOCK.L and KROP.L.
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Drawdown Indicators
| LOCK.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.04% | -52.04% | +16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -10.68% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.28% | -27.32% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -36.04% | — | — |
Current DrawdownCurrent decline from peak | -4.64% | -37.86% | +33.22% |
Average DrawdownAverage peak-to-trough decline | -9.53% | -36.93% | +27.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 5.22% | +0.23% |
Volatility
LOCK.L vs. KROP.L - Volatility Comparison
iShares Digital Security UCITS ETF USD Acc (LOCK.L) has a higher volatility of 7.38% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.26%. This indicates that LOCK.L's price experiences larger fluctuations and is considered to be riskier than KROP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LOCK.L | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 4.26% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 12.94% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.05% | 16.54% | +5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 21.24% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 21.24% | -0.04% |
LOCK.L vs. KROP.L - Expense Ratio Comparison
LOCK.L has a 0.40% expense ratio, which is lower than KROP.L's 0.50% expense ratio.
Dividends
LOCK.L vs. KROP.L - Dividend Comparison
Neither LOCK.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
LOCK.L and KROP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LOCK.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LOCK.L is cheaper with a 0.40% expense ratio, compared with 0.50% for KROP.L.
LOCK.L tracks MSCI World/Information Tech NR USD, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for LOCK.L and 0.50% for KROP.L.
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