SUK2.L vs. IITU.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and IITU.L (iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc)) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF while IITU.L tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, SUK2.L returned -16.92%/yr vs 25.26%/yr for IITU.L. At a correlation of -0.44, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.15%/yr for IITU.L.
Performance
SUK2.L vs. IITU.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 IITU.L's 16.77% return. Over the past 10 years, SUK2.L has underperformed IITU.L with an annualized return of -16.92%, while IITU.L has yielded a comparatively higher 25.26% annualized 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%
IITU.L
- 1D
- -1.54%
- 1M
- -3.41%
- 6M
- 19.28%
- YTD
- 16.77%
- 1Y
- 30.62%
- 3Y*
- 28.08%
- 5Y*
- 21.55%
- 10Y*
- 25.26%
SUK2.L vs. IITU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 15.40% | -23.23% |
IITU.L iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) | 16.77% | 14.44% | 40.85% | 50.70% | -20.63% | 35.67% | 38.34% | 44.21% | 4.28% | 25.57% |
Correlation
The correlation between SUK2.L and IITU.L is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | -0.44 |
Over the past year, the inverse relationship between SUK2.L and IITU.L has weakened: their correlation has moved from -0.44 to -0.21, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SUK2.L vs. IITU.L — Risk / Return Rank
SUK2.L
IITU.L
SUK2.L vs. IITU.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 iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.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 | IITU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.25 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.82 | -2.69 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.40 | -5.78 |
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Drawdowns
SUK2.L vs. IITU.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, which is greater than IITU.L's maximum drawdown of -41.09%. Use the drawdown chart below to compare losses from any high point for SUK2.L and IITU.L.
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Drawdown Indicators
| SUK2.L | IITU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -41.09% | -57.29% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -16.76% | -14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -28.03% | -24.59% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -28.03% | -37.34% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | -28.03% | -58.15% |
Current DrawdownCurrent decline from peak | -98.28% | -8.00% | -90.28% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -8.09% | -76.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 6.94% | +12.17% |
Volatility
SUK2.L vs. IITU.L - Volatility Comparison
The current volatility for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) is 5.99%, while iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) has a volatility of 7.43%. This indicates that SUK2.L experiences smaller price fluctuations and is considered to be less risky than IITU.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 | IITU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.43% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 16.54% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 21.54% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 26.39% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 23.71% | +6.27% |
SUK2.L vs. IITU.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is higher than IITU.L's 0.15% expense ratio.
Dividends
SUK2.L vs. IITU.L - Dividend Comparison
Neither SUK2.L nor IITU.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and IITU.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IITU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IITU.L is cheaper with a 0.15% expense ratio, compared with 0.60% for SUK2.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while IITU.L tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.60% for SUK2.L and 0.15% for IITU.L.
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