SNSG.L vs. LEGR.L
SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) and LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Global X and First Trust respectively. Both are passively managed. Over the past 3 years, SNSG.L returned 15.17%/yr vs 20.89%/yr for LEGR.L. A 0.72 correlation means they provide meaningful diversification when combined. SNSG.L charges 0.60%/yr vs 0.65%/yr for LEGR.L.
Performance
SNSG.L vs. LEGR.L - Performance Comparison
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Different Trading Currencies
SNSG.L is traded in GBP, while LEGR.L is traded in USD. To make them comparable, the LEGR.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 LEGR.L's 12.71% return.
SNSG.L
- 1D
- -0.66%
- 1M
- 17.84%
- YTD
- 43.59%
- 6M
- 40.40%
- 1Y
- 49.16%
- 3Y*
- 15.17%
- 5Y*
- —
- 10Y*
- —
LEGR.L
- 1D
- 0.18%
- 1M
- 7.47%
- YTD
- 12.71%
- 6M
- 15.21%
- 1Y
- 32.25%
- 3Y*
- 20.89%
- 5Y*
- 13.08%
- 10Y*
- —
SNSG.L vs. LEGR.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% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 12.71% | 22.20% | 18.32% | 15.73% | -8.88% | -0.86% |
Correlation
The correlation between SNSG.L and LEGR.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.72 |
The correlation between SNSG.L and LEGR.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.
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Return for Risk
SNSG.L vs. LEGR.L — Risk / Return Rank
SNSG.L
LEGR.L
SNSG.L vs. LEGR.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 First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 4.21 | -0.36 |
| Martin ratioReturn relative to average drawdown | 10.31 | 14.27 | -3.96 |
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 | LEGR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.40 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.80 | -0.47 |
Drawdowns
SNSG.L vs. LEGR.L - Drawdown Comparison
The maximum SNSG.L drawdown since its inception was -30.09%, which is greater than LEGR.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for SNSG.L and LEGR.L.
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Drawdown Indicators
| SNSG.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -26.80% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -7.63% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.12% | -15.29% | -13.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.60% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.10% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -10.66% | -4.35% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 2.25% | +2.51% |
Volatility
SNSG.L vs. LEGR.L - Volatility Comparison
Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) has a higher volatility of 8.29% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) at 4.90%. This indicates that SNSG.L's price experiences larger fluctuations and is considered to be riskier than LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 4.90% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.93% | 10.68% | +5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 13.40% | +7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 15.11% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 17.35% | +4.45% |
SNSG.L vs. LEGR.L - Expense Ratio Comparison
SNSG.L has a 0.60% expense ratio, which is lower than LEGR.L's 0.65% expense ratio.
Dividends
SNSG.L vs. LEGR.L - Dividend Comparison
Neither SNSG.L nor LEGR.L has paid dividends to shareholders.
Frequently Asked Questions
SNSG.L and LEGR.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SNSG.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SNSG.L is cheaper with a 0.60% expense ratio, compared with 0.65% for LEGR.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.60% for SNSG.L and 0.65% for LEGR.L.
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