LUK2.L vs. BLOK.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds - LUK2.L tracks the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF while BLOK.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, LUK2.L returned 16.82%/yr vs 12.15%/yr for BLOK.L. A 0.70 correlation means they provide meaningful diversification when combined. LUK2.L charges 0.50%/yr vs 0.65%/yr for BLOK.L.
Performance
LUK2.L vs. BLOK.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUK2.L achieves a 10.52% return, which is significantly higher than BLOK.L's 9.33% return.
LUK2.L
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
BLOK.L
- 1D
- -0.46%
- 1M
- -3.12%
- 6M
- 6.32%
- YTD
- 9.33%
- 1Y
- 22.43%
- 3Y*
- 19.59%
- 5Y*
- 12.15%
- 10Y*
- —
LUK2.L vs. BLOK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF | 10.52% | 43.73% | 9.81% | 6.59% | 3.75% | 34.76% | -30.43% | 32.52% | -9.73% |
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 9.33% | 22.34% | 18.56% | 14.77% | -8.98% | 19.08% | 15.05% | 22.59% | -28.50% |
Correlation
The correlation between LUK2.L and BLOK.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.70 |
Over the past year, the correlation between LUK2.L and BLOK.L has dropped to 0.48 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
LUK2.L vs. BLOK.L — Risk / Return Rank
LUK2.L
BLOK.L
LUK2.L vs. BLOK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.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.
| LUK2.L | BLOK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.07 | -1.23 |
| Martin ratioReturn relative to average drawdown | 5.39 | 9.72 | -4.33 |
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Drawdowns
LUK2.L vs. BLOK.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, which is greater than BLOK.L's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for LUK2.L and BLOK.L.
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Drawdown Indicators
| LUK2.L | BLOK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -31.83% | -27.01% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -7.28% | -11.27% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -20.06% | -5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -20.06% | -5.36% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -8.09% | -3.89% | -4.20% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -9.51% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 2.30% | +4.04% |
Volatility
LUK2.L vs. BLOK.L - Volatility Comparison
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) has a higher volatility of 6.11% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) at 3.50%. This indicates that LUK2.L's price experiences larger fluctuations and is considered to be riskier than BLOK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUK2.L | BLOK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 3.50% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 9.99% | +9.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 13.12% | +9.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 19.66% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 21.95% | +7.70% |
LUK2.L vs. BLOK.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is lower than BLOK.L's 0.65% expense ratio.
Dividends
LUK2.L vs. BLOK.L - Dividend Comparison
Neither LUK2.L nor BLOK.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and BLOK.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.65% for BLOK.L.
LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while BLOK.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: L&G and First Trust. Their fees differ too: 0.50% for LUK2.L and 0.65% for BLOK.L.
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