SHLG.L vs. XNNS.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.L).

SHLG.L and XNNS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHLG.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Oct 29, 2018. XNNS.L is a passively managed fund by DWS that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jul 12, 2022. Both SHLG.L and XNNS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SHLG.L vs. XNNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.L). The values are adjusted to include any dividend payments, if applicable.

SHLG.L vs. XNNS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHLG.L iShares Digital Security UCITS ETF USD (Dist)	-2.44%	4.01%	18.71%	26.84%	-6.61%
XNNS.L Xtrackers MSCI Innovation UCITS ETF 1C	-8.89%	6.27%	24.09%	26.71%	-12.09%

Returns By Period

In the year-to-date period, SHLG.L achieves a -2.44% return, which is significantly higher than XNNS.L's -8.89% return.

SHLG.L

• 1D: 3.31%
• 1M: 1.48%
• YTD: -2.44%
• 6M: -3.87%
• 1Y: 9.80%
• 3Y*: 12.39%
• 5Y*: 7.49%
• 10Y*: —

XNNS.L

• 1D: 1.89%
• 1M: -2.98%
• YTD: -8.89%
• 6M: -8.31%
• 1Y: 5.61%
• 3Y*: 10.36%
• 5Y*: —
• 10Y*: —

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

SHLG.L vs. XNNS.L - Expense Ratio Comparison

SHLG.L has a 0.40% expense ratio, which is higher than XNNS.L's 0.35% expense ratio.

SHLG.L

iShares Digital Security UCITS ETF USD (Dist)

XNNS.L

Xtrackers MSCI Innovation UCITS ETF 1C

Return for Risk

SHLG.L vs. XNNS.L — Risk / Return Rank

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

SHLG.L

SHLG.L Risk / Return Rank: 25
SHLG.L Sharpe Ratio Rank: 25
SHLG.L Sortino Ratio Rank: 25
SHLG.L Omega Ratio Rank: 24
SHLG.L Calmar Ratio Rank: 27
SHLG.L Martin Ratio Rank: 22

XNNS.L

XNNS.L Risk / Return Rank: 19
XNNS.L Sharpe Ratio Rank: 20
XNNS.L Sortino Ratio Rank: 20
XNNS.L Omega Ratio Rank: 19
XNNS.L Calmar Ratio Rank: 19
XNNS.L Martin Ratio Rank: 19

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.

SHLG.L vs. XNNS.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 Innovation UCITS ETF 1C (XNNS.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	XNNS.L	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.33	+0.17
Sortino ratio Return per unit of downside risk	0.79	0.56	+0.23
Omega ratio Gain probability vs. loss probability	1.11	1.07	+0.03
Calmar ratio Return relative to maximum drawdown	0.75	0.36	+0.39
Martin ratio Return relative to average drawdown	1.79	1.10	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHLG.L vs. XNNS.L - Sharpe Ratio Comparison

The current SHLG.L Sharpe Ratio is 0.49, which is higher than the XNNS.L Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of SHLG.L and XNNS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SHLG.L	XNNS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.33	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.47	-0.04

Correlation

The correlation between SHLG.L and XNNS.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SHLG.L vs. XNNS.L - Dividend Comparison

SHLG.L's dividend yield for the trailing twelve months is around 0.54%, while XNNS.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
SHLG.L iShares Digital Security UCITS ETF USD (Dist)	0.54%	0.53%	0.60%	0.55%	0.76%	0.89%
XNNS.L Xtrackers MSCI Innovation UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SHLG.L vs. XNNS.L - Drawdown Comparison

The maximum SHLG.L drawdown since its inception was -26.91%, which is greater than XNNS.L's maximum drawdown of -23.14%. Use the drawdown chart below to compare losses from any high point for SHLG.L and XNNS.L.

Drawdown Indicators

	SHLG.L	XNNS.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.91%	-23.14%	-3.77%
Max Drawdown (1Y) Largest decline over 1 year	-12.59%	-16.12%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	-26.91%	—	—
Current Drawdown Current decline from peak	-8.12%	-12.87%	+4.75%
Average Drawdown Average peak-to-trough decline	-9.63%	-5.61%	-4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	5.23%	+0.04%

Volatility

SHLG.L vs. XNNS.L - Volatility Comparison

iShares Digital Security UCITS ETF USD (Dist) (SHLG.L) has a higher volatility of 5.78% compared to Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.L) at 5.17%. This indicates that SHLG.L's price experiences larger fluctuations and is considered to be riskier than XNNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHLG.L	XNNS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	5.17%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	13.74%	10.62%	+3.12%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	17.27%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	17.51%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	17.51%	+1.07%