SHLG.L vs. CLO6.L
SHLG.L (iShares Digital Security UCITS ETF USD (Dist)) and CLO6.L (Global X Cloud Computing UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and Global X respectively. Both are passively managed. Over the past 3 years, SHLG.L returned 18.72%/yr vs 7.19%/yr for CLO6.L. Their correlation of 0.84 suggests significant overlap in exposure. SHLG.L charges 0.40%/yr vs 0.55%/yr for CLO6.L.
Performance
SHLG.L vs. CLO6.L - Performance Comparison
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Returns By Period
In the year-to-date period, SHLG.L achieves a 19.45% return, which is significantly higher than CLO6.L's 10.85% return.
SHLG.L
- 1D
- -2.36%
- 1M
- 10.80%
- YTD
- 19.45%
- 6M
- 20.25%
- 1Y
- 26.15%
- 3Y*
- 18.72%
- 5Y*
- 11.16%
- 10Y*
- —
CLO6.L
- 1D
- 1.79%
- 1M
- 13.77%
- YTD
- 10.85%
- 6M
- 9.37%
- 1Y
- 9.05%
- 3Y*
- 7.19%
- 5Y*
- —
- 10Y*
- —
SHLG.L vs. CLO6.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 19.45% | 3.87% | 18.54% | 26.67% | -20.62% | -2.28% |
CLO6.L Global X Cloud Computing UCITS ETF | 10.85% | -12.30% | 7.37% | 36.74% | -34.03% | -14.62% |
Correlation
The correlation between SHLG.L and CLO6.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.84 |
The correlation between SHLG.L and CLO6.L shifts across timeframes, from 0.69 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHLG.L vs. CLO6.L — Risk / Return Rank
SHLG.L
CLO6.L
SHLG.L vs. CLO6.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) and Global X Cloud Computing UCITS ETF (CLO6.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.
| SHLG.L | CLO6.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.32 | +1.73 |
| Martin ratioReturn relative to average drawdown | 4.80 | 0.76 | +4.04 |
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
| SHLG.L | CLO6.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.32 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | -0.16 | +0.78 |
Drawdowns
SHLG.L vs. CLO6.L - Drawdown Comparison
The maximum SHLG.L drawdown since its inception was -27.07%, smaller than the maximum CLO6.L drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for SHLG.L and CLO6.L.
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Drawdown Indicators
| SHLG.L | CLO6.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -45.50% | +18.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -27.75% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -37.31% | +13.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -19.62% | +16.82% |
Average DrawdownAverage peak-to-trough decline | -9.50% | -30.99% | +21.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 11.89% | -6.46% |
Volatility
SHLG.L vs. CLO6.L - Volatility Comparison
The current volatility for iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) is 7.69%, while Global X Cloud Computing UCITS ETF (CLO6.L) has a volatility of 11.40%. This indicates that SHLG.L experiences smaller price fluctuations and is considered to be less risky than CLO6.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLG.L | CLO6.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 11.40% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 24.80% | -9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 28.17% | -9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 28.55% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 28.55% | -9.68% |
SHLG.L vs. CLO6.L - Expense Ratio Comparison
SHLG.L has a 0.40% expense ratio, which is lower than CLO6.L's 0.55% expense ratio.
Dividends
SHLG.L vs. CLO6.L - Dividend Comparison
SHLG.L's dividend yield for the trailing twelve months is around 0.33%, while CLO6.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CLO6.L Global X Cloud Computing UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 0.33% | 0.39% | 0.47% | 0.43% | 0.62% | 0.66% |
Frequently Asked Questions
SHLG.L and CLO6.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLG.L is cheaper with a 0.40% expense ratio, compared with 0.55% for CLO6.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and Global X. Their fees differ too: 0.40% for SHLG.L and 0.55% for CLO6.L.
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