SPEH.L vs. IUIT.L
SPEH.L (iShares Spain Govt Bond UCITS ETF USD Hedged (Acc)) and IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - SPEH.L is a Government Bonds fund tracking the iShares Spain Govt Bond UCITS ETF USD Hedged (Acc), while IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, SPEH.L returned -0.14%/yr vs 21.03%/yr for IUIT.L. At a 0.06 correlation, their price movements are largely independent. SPEH.L charges 0.22%/yr vs 0.15%/yr for IUIT.L.
Performance
SPEH.L vs. IUIT.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPEH.L achieves a 0.87% return, which is significantly lower than IUIT.L's 17.06% return.
SPEH.L
- 1D
- -0.17%
- 1M
- -0.68%
- 6M
- 0.34%
- YTD
- 0.87%
- 1Y
- 3.37%
- 3Y*
- 5.12%
- 5Y*
- -0.14%
- 10Y*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
SPEH.L vs. IUIT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPEH.L iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) | 0.87% | 3.59% | 4.70% | 9.02% | -16.01% | -2.52% | 5.30% | 11.64% | 1.72% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -7.48% |
Correlation
The correlation between SPEH.L and IUIT.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.06 |
Over the past year, SPEH.L and IUIT.L have become more correlated (0.27) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
SPEH.L vs. IUIT.L — Risk / Return Rank
SPEH.L
IUIT.L
SPEH.L vs. IUIT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) (SPEH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPEH.L | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.85 | -0.81 |
| Martin ratioReturn relative to average drawdown | 3.13 | 4.97 | -1.84 |
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Drawdowns
SPEH.L vs. IUIT.L - Drawdown Comparison
The maximum SPEH.L drawdown since its inception was -19.03%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for SPEH.L and IUIT.L.
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Drawdown Indicators
| SPEH.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -33.46% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -17.03% | +13.81% |
Max Drawdown (3Y)Largest decline over 3 years | -3.54% | -26.40% | +22.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.21% | -33.46% | +15.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -2.84% | -7.85% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -5.91% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 6.35% | -5.28% |
Volatility
SPEH.L vs. IUIT.L - Volatility Comparison
The current volatility for iShares Spain Govt Bond UCITS ETF USD Hedged (Acc) (SPEH.L) is 1.16%, while iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) has a volatility of 7.15%. This indicates that SPEH.L experiences smaller price fluctuations and is considered to be less risky than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEH.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 7.15% | -5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.60% | 17.59% | -13.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 22.08% | -17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 23.96% | -17.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.82% | 22.32% | -16.50% |
SPEH.L vs. IUIT.L - Expense Ratio Comparison
SPEH.L has a 0.22% expense ratio, which is higher than IUIT.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPEH.L vs. IUIT.L - Dividend Comparison
Neither SPEH.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
SPEH.L and IUIT.L have a correlation of 0.27, 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 0.22% for SPEH.L.
SPEH.L is categorized as Government Bonds, while IUIT.L is Technology Equities. SPEH.L tracks iShares Spain Govt Bond UCITS ETF USD Hedged (Acc), while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index. Their fees differ too: 0.22% for SPEH.L and 0.15% for IUIT.L.
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