SHLG.L vs. XFSN.L
SHLG.L (iShares Digital Security UCITS ETF USD (Dist)) and XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from iShares and DWS respectively. Both are passively managed. Over the past 3 years, SHLG.L returned 18.72%/yr vs 13.72%/yr for XFSN.L. A 0.78 correlation means they provide meaningful diversification when combined. SHLG.L charges 0.40%/yr vs 0.35%/yr for XFSN.L.
Performance
SHLG.L vs. XFSN.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 XFSN.L's -2.90% 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*
- —
XFSN.L
- 1D
- 0.59%
- 1M
- 5.60%
- YTD
- -2.90%
- 6M
- -4.80%
- 1Y
- -1.50%
- 3Y*
- 13.72%
- 5Y*
- —
- 10Y*
- —
SHLG.L vs. XFSN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 19.45% | 3.87% | 18.54% | 26.67% | -6.66% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -2.90% | 2.93% | 34.89% | 21.37% | -7.30% |
Correlation
The correlation between SHLG.L and XFSN.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.78 |
The correlation between SHLG.L and XFSN.L has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
SHLG.L vs. XFSN.L — Risk / Return Rank
SHLG.L
XFSN.L
SHLG.L vs. XFSN.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 Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.06 | +2.12 |
| Martin ratioReturn relative to average drawdown | 4.80 | -0.13 | +4.93 |
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 | XFSN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | -0.10 | +1.46 |
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 | 0.61 | 0.00 |
Drawdowns
SHLG.L vs. XFSN.L - Drawdown Comparison
The maximum SHLG.L drawdown since its inception was -27.07%, which is greater than XFSN.L's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for SHLG.L and XFSN.L.
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Drawdown Indicators
| SHLG.L | XFSN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -23.96% | -3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -23.96% | +11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -23.96% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -11.60% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -9.50% | -6.19% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 11.38% | -5.95% |
Volatility
SHLG.L vs. XFSN.L - Volatility Comparison
iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) has a higher volatility of 7.69% compared to Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) at 4.10%. This indicates that SHLG.L's price experiences larger fluctuations and is considered to be riskier than XFSN.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 | XFSN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.69% | 4.10% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 11.66% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 15.56% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 18.54% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 18.54% | +0.33% |
SHLG.L vs. XFSN.L - Expense Ratio Comparison
SHLG.L has a 0.40% expense ratio, which is higher than XFSN.L's 0.35% expense ratio.
Dividends
SHLG.L vs. XFSN.L - Dividend Comparison
SHLG.L's dividend yield for the trailing twelve months is around 0.33%, while XFSN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SHLG.L iShares Digital Security UCITS ETF USD (Dist) | 0.33% | 0.39% | 0.47% | 0.43% | 0.62% | 0.66% |
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHLG.L and XFSN.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFSN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFSN.L is cheaper with a 0.35% expense ratio, compared with 0.40% for SHLG.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.40% for SHLG.L and 0.35% for XFSN.L.
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