LUK2.L vs. IITU.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both Technology Equities funds - LUK2.L tracks the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF while IITU.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, LUK2.L returned 10.28%/yr vs 25.26%/yr for IITU.L. At a 0.45 correlation, their price movements are largely independent. LUK2.L charges 0.50%/yr vs 0.15%/yr for IITU.L.
Performance
LUK2.L vs. IITU.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 lower than IITU.L's 16.77% return. Over the past 10 years, LUK2.L has underperformed IITU.L with an annualized return of 10.28%, while IITU.L has yielded a comparatively higher 25.26% annualized 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%
IITU.L
- 1D
- -1.54%
- 1M
- -3.41%
- 6M
- 19.28%
- YTD
- 16.77%
- 1Y
- 30.62%
- 3Y*
- 28.08%
- 5Y*
- 21.55%
- 10Y*
- 25.26%
LUK2.L vs. IITU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -20.70% | 22.28% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 16.77% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | 4.28% | 25.57% |
Correlation
The correlation between LUK2.L and IITU.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.45 |
Over the past year, the correlation between LUK2.L and IITU.L has dropped to 0.21 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
LUK2.L vs. IITU.L — Risk / Return Rank
LUK2.L
IITU.L
LUK2.L vs. IITU.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 iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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 | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.82 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.39 | 4.40 | +0.99 |
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Drawdowns
LUK2.L vs. IITU.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, which is greater than IITU.L's maximum drawdown of -41.09%. Use the drawdown chart below to compare losses from any high point for LUK2.L and IITU.L.
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Drawdown Indicators
| LUK2.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -41.09% | -17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -16.76% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -28.03% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -28.03% | +2.61% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | -28.03% | -30.81% |
Current DrawdownCurrent decline from peak | -8.09% | -8.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -8.09% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 6.94% | -0.60% |
Volatility
LUK2.L vs. IITU.L - Volatility Comparison
The current volatility for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) is 6.11%, while iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) has a volatility of 7.43%. This indicates that LUK2.L experiences smaller price fluctuations and is considered to be less risky than IITU.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 | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 7.43% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 16.54% | +3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 21.54% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 26.39% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 23.71% | +5.94% |
LUK2.L vs. IITU.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is higher than IITU.L's 0.15% expense ratio.
Dividends
LUK2.L vs. IITU.L - Dividend Comparison
Neither LUK2.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and IITU.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IITU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IITU.L is cheaper with a 0.15% expense ratio, compared with 0.50% for LUK2.L.
LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.50% for LUK2.L and 0.15% for IITU.L.
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