SNSG.L vs. ITEC.L
Compare and contrast key facts about Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) and SPDR® MSCI Europe Technology UCITS ETF (ITEC.L).
SNSG.L and ITEC.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SNSG.L is a passively managed fund by Global X that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 16, 2021. ITEC.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 5, 2014. Both SNSG.L and ITEC.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
SNSG.L vs. ITEC.L - Performance Comparison
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SNSG.L vs. ITEC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 2.67% | -0.58% | 0.84% | 16.82% | -16.52% | -2.35% |
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 6.78% | 15.55% | 3.61% | 32.30% | -24.48% | -4.48% |
Different Trading Currencies
SNSG.L is traded in GBP, while ITEC.L is traded in EUR. To make them comparable, the ITEC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SNSG.L achieves a 2.67% return, which is significantly lower than ITEC.L's 6.78% return.
SNSG.L
- 1D
- 2.88%
- 1M
- -5.11%
- YTD
- 2.67%
- 6M
- -0.98%
- 1Y
- 12.25%
- 3Y*
- 2.55%
- 5Y*
- —
- 10Y*
- —
ITEC.L
- 1D
- 4.51%
- 1M
- -3.44%
- YTD
- 6.78%
- 6M
- 10.85%
- 1Y
- 26.32%
- 3Y*
- 12.34%
- 5Y*
- 8.76%
- 10Y*
- 13.51%
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SNSG.L vs. ITEC.L - Expense Ratio Comparison
SNSG.L has a 0.60% expense ratio, which is higher than ITEC.L's 0.18% expense ratio.
Return for Risk
SNSG.L vs. ITEC.L — Risk / Return Rank
SNSG.L
ITEC.L
SNSG.L vs. ITEC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) and SPDR® MSCI Europe Technology UCITS ETF (ITEC.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.
| SNSG.L | ITEC.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.05 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.84 | 1.60 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.20 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.26 | -1.32 |
Martin ratioReturn relative to average drawdown | 2.48 | 5.76 | -3.28 |
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
| SNSG.L | ITEC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.05 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.56 | -0.59 |
Correlation
The correlation between SNSG.L and ITEC.L is 0.76, 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
SNSG.L vs. ITEC.L - Dividend Comparison
Neither SNSG.L nor ITEC.L has paid dividends to shareholders.
Drawdowns
SNSG.L vs. ITEC.L - Drawdown Comparison
The maximum SNSG.L drawdown since its inception was -30.09%, smaller than the maximum ITEC.L drawdown of -37.70%. Use the drawdown chart below to compare losses from any high point for SNSG.L and ITEC.L.
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Drawdown Indicators
| SNSG.L | ITEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -38.49% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -13.75% | -2.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.49% | — |
Current DrawdownCurrent decline from peak | -6.26% | -6.50% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -9.20% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.82% | 4.97% | -0.15% |
Volatility
SNSG.L vs. ITEC.L - Volatility Comparison
The current volatility for Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) is 6.34%, while SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a volatility of 8.79%. This indicates that SNSG.L experiences smaller price fluctuations and is considered to be less risky than ITEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNSG.L | ITEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 8.79% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 17.82% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.75% | 24.95% | -1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 25.06% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.49% | 23.55% | -2.06% |