SMBS.L vs. IITU.L
SMBS.L (iShares US Mortgage Backed Securities UCITS ETF) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SMBS.L is a Mortgage Backed Securities fund tracking the Bloomberg US Mortgage Backed Securities Index, while IITU.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, SMBS.L returned 1.85%/yr vs 27.26%/yr for IITU.L. At a 0.16 correlation, their price movements are largely independent. SMBS.L charges 0.28%/yr vs 0.15%/yr for IITU.L.
Performance
SMBS.L vs. IITU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SMBS.L achieves a 0.37% return, which is significantly lower than IITU.L's 23.25% return. Over the past 10 years, SMBS.L has underperformed IITU.L with an annualized return of 1.85%, while IITU.L has yielded a comparatively higher 27.26% annualized return.
SMBS.L
- 1D
- 0.17%
- 1M
- 1.23%
- YTD
- 0.37%
- 6M
- 0.34%
- 1Y
- 7.14%
- 3Y*
- 1.47%
- 5Y*
- 1.21%
- 10Y*
- 1.85%
IITU.L
- 1D
- -2.08%
- 1M
- 14.24%
- YTD
- 23.25%
- 6M
- 22.00%
- 1Y
- 53.38%
- 3Y*
- 30.94%
- 5Y*
- 25.50%
- 10Y*
- 27.26%
SMBS.L vs. IITU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 0.37% | 1.02% | 3.07% | -1.87% | -0.85% | -0.38% | 0.15% | 3.04% | 6.19% | -6.73% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 23.25% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | 4.28% | 25.57% |
Correlation
The correlation between SMBS.L and IITU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 26, 2016 | 0.16 |
The correlation between SMBS.L and IITU.L shifts across timeframes, from 0.02 (5 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SMBS.L vs. IITU.L — Risk / Return Rank
SMBS.L
IITU.L
SMBS.L vs. IITU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF (SMBS.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.
| SMBS.L | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 3.17 | -1.51 |
| Martin ratioReturn relative to average drawdown | 4.26 | 8.17 | -3.91 |
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
| SMBS.L | IITU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.71 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 1.16 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 1.28 | -1.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.23 | -1.02 |
Drawdowns
SMBS.L vs. IITU.L - Drawdown Comparison
The maximum SMBS.L drawdown since its inception was -20.65%, smaller than the maximum IITU.L drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for SMBS.L and IITU.L.
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Drawdown Indicators
| SMBS.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.65% | -28.03% | +7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.30% | -16.76% | +12.46% |
Max Drawdown (3Y)Largest decline over 3 years | -8.46% | -28.03% | +19.57% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -28.03% | +12.65% |
Max Drawdown (10Y)Largest decline over 10 years | -20.65% | -28.03% | +7.38% |
Current DrawdownCurrent decline from peak | -12.50% | -2.89% | -9.61% |
Average DrawdownAverage peak-to-trough decline | -11.05% | -5.14% | -5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 6.51% | -4.84% |
Volatility
SMBS.L vs. IITU.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) is 1.65%, while iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) has a volatility of 7.01%. This indicates that SMBS.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
| SMBS.L | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 7.01% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 14.45% | -9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 19.60% | -13.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.56% | 21.94% | -13.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.03% | 21.31% | -11.28% |
SMBS.L vs. IITU.L - Expense Ratio Comparison
SMBS.L has a 0.28% expense ratio, which is higher than IITU.L's 0.15% expense ratio.
Dividends
SMBS.L vs. IITU.L - Dividend Comparison
SMBS.L's dividend yield for the trailing twelve months is around 3.56%, while IITU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 3.56% | 3.57% | 3.50% | 3.23% | 2.39% | 2.22% | 2.71% | 3.06% | 2.99% | 3.00% | 1.51% |
Frequently Asked Questions
SMBS.L and IITU.L have a correlation of 0.06, 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 0.28% for SMBS.L.
SMBS.L is categorized as Mortgage Backed Securities, while IITU.L is Technology Equities. SMBS.L tracks Bloomberg US Mortgage Backed Securities Index, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.28% for SMBS.L and 0.15% for IITU.L.
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