MCTS.L vs. DGIT.L

Last updated Jun 26, 2026

MCTS.L (Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc) and DGIT.L (iShares Digitalisation UCITS Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Invesco and iShares respectively. Both are passively managed. Over the past 5 years, MCTS.L returned -6.43%/yr vs -0.10%/yr for DGIT.L. At a 0.40 correlation, their price movements are largely independent. MCTS.L charges 0.49%/yr vs 0.40%/yr for DGIT.L.

Performance

MCTS.L vs. DGIT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) and iShares Digitalisation UCITS Acc (DGIT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MCTS.L having a -1.48% return and DGIT.L slightly lower at -1.53%.

MCTS.L

• 1D: -0.50%
• 1M: -3.31%
• YTD: -1.48%
• 6M: -1.48%
• 1Y: 13.58%
• 3Y*: 9.03%
• 5Y*: -6.43%
• 10Y*: —

DGIT.L

• 1D: -1.05%
• 1M: -0.12%
• YTD: -1.53%
• 6M: -1.56%
• 1Y: -4.04%
• 3Y*: 11.13%
• 5Y*: -0.10%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCTS.L vs. DGIT.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MCTS.L Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc	-1.48%	23.52%	22.51%	-23.51%	-22.74%	6,008.92%
DGIT.L iShares Digitalisation UCITS Acc	-1.53%	-2.47%	24.03%	25.52%	-28.82%	-0.95%

Correlation

The correlation between MCTS.L and DGIT.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.40

The correlation between MCTS.L and DGIT.L shifts across timeframes, from 0.23 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.

MCTS.L vs. DGIT.L - Sectors Allocation Comparison

Sectors	MCTS.L	DGIT.L
Technology	34.4%	42.9%
Consumer Cyclical	20.5%	16.0%
Industrials	16.3%	10.1%
Communication Services	14.6%	19.6%
Basic Materials	6.5%	-
Utilities	3.8%	-
Healthcare	1.5%	0.1%
Financial Services	0.9%	5.5%
Real Estate	0.7%	5.8%
Energy	0.3%	-
Consumer Defensive	0.2%	0.0%

Return for Risk

MCTS.L vs. DGIT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCTS.L

MCTS.L Risk / Return Rank: 17
MCTS.L Sharpe Ratio Rank: 19
MCTS.L Sortino Ratio Rank: 18
MCTS.L Omega Ratio Rank: 18
MCTS.L Calmar Ratio Rank: 17
MCTS.L Martin Ratio Rank: 15

DGIT.L

DGIT.L Risk / Return Rank: 7
DGIT.L Sharpe Ratio Rank: 7
DGIT.L Sortino Ratio Rank: 7
DGIT.L Omega Ratio Rank: 7
DGIT.L Calmar Ratio Rank: 8
DGIT.L Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCTS.L vs. DGIT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) and iShares Digitalisation UCITS Acc (DGIT.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.

	MCTS.L	DGIT.L	Difference
Sharpe ratio: Return per unit of total volatility	0.59	-0.24	+0.83
Sortino ratio: Return per unit of downside risk	0.98	-0.23	+1.20
Omega ratio: Gain probability vs. loss probability	1.12	0.97	+0.15
Calmar ratio: Return relative to maximum drawdown	0.70	-0.18	+0.87
Martin ratio: Return relative to average drawdown	1.29	-0.38	+1.67

MCTS.L vs. DGIT.L - Sharpe Ratio Comparison

The current MCTS.L Sharpe Ratio is 0.59, which is higher than the DGIT.L Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of MCTS.L and DGIT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MCTS.L vs. DGIT.L - Drawdown Comparison

The maximum MCTS.L drawdown since its inception was -59.88%, which is greater than DGIT.L's maximum drawdown of -37.95%. Use the drawdown chart below to compare losses from any high point for MCTS.L and DGIT.L.

Drawdown Indicators

	MCTS.L	DGIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-37.95%	-21.93%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-22.83%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-37.71%	-24.88%	-12.83%
Max Drawdown (5Y) Largest decline over 5 years	-59.88%	-37.95%	-21.93%
Current Drawdown Current decline from peak	-29.65%	-12.15%	-17.50%
Average Drawdown Average peak-to-trough decline	-35.98%	-13.47%	-22.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	10.71%	-0.21%

Volatility

MCTS.L vs. DGIT.L - Volatility Comparison

Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc (MCTS.L) has a higher volatility of 7.65% compared to iShares Digitalisation UCITS Acc (DGIT.L) at 5.91%. This indicates that MCTS.L's price experiences larger fluctuations and is considered to be riskier than DGIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCTS.L	DGIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	5.91%	+1.74%
Volatility (6M) Calculated over the trailing 6-month period	15.51%	13.68%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.85%	16.63%	+6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.63%	23.68%	+10.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,121.12%	22.95%	+3,098.17%

MCTS.L vs. DGIT.L - Expense Ratio Comparison

MCTS.L has a 0.49% expense ratio, which is higher than DGIT.L's 0.40% expense ratio.

Dividends

MCTS.L vs. DGIT.L - Dividend Comparison

Neither MCTS.L nor DGIT.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MCTS.L and DGIT.L in my portfolio?

MCTS.L and DGIT.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MCTS.L or DGIT.L?

On fees, DGIT.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCTS.L or DGIT.L?

DGIT.L is cheaper with a 0.40% expense ratio, compared with 0.49% for MCTS.L.

What is the main difference between MCTS.L and DGIT.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.49% for MCTS.L and 0.40% for DGIT.L.