SNSG.L vs. IUIT.L
SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - SNSG.L tracks the MSCI World/Information Tech NR USD while IUIT.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 3 years, SNSG.L returned 15.17%/yr vs 31.96%/yr for IUIT.L. A 0.72 correlation means they provide meaningful diversification when combined. SNSG.L charges 0.60%/yr vs 0.15%/yr for IUIT.L.
Performance
SNSG.L vs. IUIT.L - Performance Comparison
Loading charts...
Different Trading Currencies
SNSG.L is traded in GBP, while IUIT.L is traded in USD. To make them comparable, the IUIT.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 43.59% return, which is significantly higher than IUIT.L's 26.17% return.
SNSG.L
- 1D
- -0.66%
- 1M
- 17.84%
- YTD
- 43.59%
- 6M
- 40.40%
- 1Y
- 49.16%
- 3Y*
- 15.17%
- 5Y*
- —
- 10Y*
- —
IUIT.L
- 1D
- 0.00%
- 1M
- 16.60%
- YTD
- 26.17%
- 6M
- 24.49%
- 1Y
- 56.60%
- 3Y*
- 31.96%
- 5Y*
- 26.05%
- 10Y*
- 27.54%
SNSG.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 43.59% | -0.58% | 0.84% | 16.82% | -16.52% | -2.35% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 23.54% | 14.17% | 40.92% | 51.48% | -20.73% | 2.71% |
Correlation
The correlation between SNSG.L and IUIT.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.72 |
The correlation between SNSG.L and IUIT.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SNSG.L vs. IUIT.L — Risk / Return Rank
SNSG.L
IUIT.L
SNSG.L vs. IUIT.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 iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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 | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.32 | +0.53 |
| Martin ratioReturn relative to average drawdown | 10.31 | 8.42 | +1.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SNSG.L | IUIT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.78 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 1.24 | -0.91 |
Drawdowns
SNSG.L vs. IUIT.L - Drawdown Comparison
The maximum SNSG.L drawdown since its inception was -30.09%, which is greater than IUIT.L's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for SNSG.L and IUIT.L.
Loading charts...
Drawdown Indicators
| SNSG.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -28.01% | -2.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -16.96% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -29.12% | -28.01% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.01% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.78% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -5.29% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 6.70% | -1.94% |
Volatility
SNSG.L vs. IUIT.L - Volatility Comparison
Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) has a higher volatility of 8.29% compared to iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) at 7.16%. This indicates that SNSG.L's price experiences larger fluctuations and is considered to be riskier than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SNSG.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 7.16% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 15.20% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 20.23% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 22.82% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 22.51% | -0.71% |
SNSG.L vs. IUIT.L - Expense Ratio Comparison
SNSG.L has a 0.60% expense ratio, which is higher than IUIT.L's 0.15% expense ratio.
Dividends
SNSG.L vs. IUIT.L - Dividend Comparison
Neither SNSG.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
SNSG.L and IUIT.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUIT.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUIT.L is cheaper with a 0.15% expense ratio, compared with 0.60% for SNSG.L.
SNSG.L tracks MSCI World/Information Tech NR USD, while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.60% for SNSG.L and 0.15% for IUIT.L.
Find the right allocation for SNSG.L and IUIT.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer