SUK2.L vs. BLOK.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and BLOK.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF while BLOK.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, SUK2.L returned -17.40%/yr vs 12.15%/yr for BLOK.L. At a correlation of -0.70, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.65%/yr for BLOK.L.
Performance
SUK2.L vs. BLOK.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUK2.L achieves a -11.17% return, which is significantly lower than BLOK.L's 9.33% return.
SUK2.L
- 1D
- 0.40%
- 1M
- -0.81%
- 6M
- -7.00%
- YTD
- -11.17%
- 1Y
- -26.96%
- 3Y*
- -19.46%
- 5Y*
- -17.40%
- 10Y*
- -16.92%
BLOK.L
- 1D
- -0.46%
- 1M
- -3.12%
- 6M
- 6.32%
- YTD
- 9.33%
- 1Y
- 22.43%
- 3Y*
- 19.59%
- 5Y*
- 12.15%
- 10Y*
- —
SUK2.L vs. BLOK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | -1.17% | -29.96% | 3.94% |
BLOK.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 9.33% | 22.34% | 18.56% | 14.77% | -8.98% | 19.08% | 15.05% | 22.59% | -28.50% |
Correlation
The correlation between SUK2.L and BLOK.L is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | -0.70 |
Over the past year, the inverse relationship between SUK2.L and BLOK.L has weakened: their correlation has moved from -0.70 to -0.49, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SUK2.L vs. BLOK.L — Risk / Return Rank
SUK2.L
BLOK.L
SUK2.L vs. BLOK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) and First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.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.
| SUK2.L | BLOK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.31 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.07 | -3.93 |
| Martin ratioReturn relative to average drawdown | -1.37 | 9.72 | -11.09 |
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Drawdowns
SUK2.L vs. BLOK.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, which is greater than BLOK.L's maximum drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for SUK2.L and BLOK.L.
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Drawdown Indicators
| SUK2.L | BLOK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -31.83% | -66.55% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -7.28% | -23.84% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -20.06% | -32.56% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -20.06% | -45.31% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | — | — |
Current DrawdownCurrent decline from peak | -98.28% | -3.89% | -94.39% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -9.51% | -75.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 2.30% | +16.81% |
Volatility
SUK2.L vs. BLOK.L - Volatility Comparison
L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) has a higher volatility of 5.99% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (BLOK.L) at 3.50%. This indicates that SUK2.L's price experiences larger fluctuations and is considered to be riskier than BLOK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SUK2.L | BLOK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 3.50% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 9.99% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 13.12% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 19.66% | +5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 21.95% | +8.03% |
SUK2.L vs. BLOK.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is lower than BLOK.L's 0.65% expense ratio.
Dividends
SUK2.L vs. BLOK.L - Dividend Comparison
Neither SUK2.L nor BLOK.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and BLOK.L have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUK2.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUK2.L is cheaper with a 0.60% expense ratio, compared with 0.65% for BLOK.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while BLOK.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: L&G and First Trust. Their fees differ too: 0.60% for SUK2.L and 0.65% for BLOK.L.
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