SXLK.AS vs. IHYA.L

Last updated Jun 5, 2026

SXLK.AS (SPDR S&P U.S. Technology Select Sector UCITS ETF) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - SXLK.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, SXLK.AS returned 22.39%/yr vs 4.96%/yr for IHYA.L. At a 0.44 correlation, their price movements are largely independent. SXLK.AS charges 0.15%/yr vs 0.50%/yr for IHYA.L.

Performance

SXLK.AS vs. IHYA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SXLK.AS is traded in EUR, while IHYA.L is traded in USD. To make them comparable, the IHYA.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SXLK.AS achieves a 24.56% return, which is significantly higher than IHYA.L's 2.25% return.

SXLK.AS

• 1D: -2.32%
• 1M: 13.89%
• YTD: 24.56%
• 6M: 23.20%
• 1Y: 49.59%
• 3Y*: 26.35%
• 5Y*: 22.39%
• 10Y*: —

IHYA.L

• 1D: -0.05%
• 1M: 0.86%
• YTD: 2.25%
• 6M: 2.02%
• 1Y: 5.14%
• 3Y*: 5.41%
• 5Y*: 4.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SXLK.AS vs. IHYA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SXLK.AS SPDR S&P U.S. Technology Select Sector UCITS ETF	24.56%	10.14%	31.30%	51.14%	-25.03%	46.32%	31.72%	51.36%	-15.98%
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)	2.25%	-3.50%	14.05%	7.32%	-3.22%	11.48%	-3.59%	15.17%	-2.30%

Correlation

The correlation between SXLK.AS and IHYA.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 3, 2018	0.44

Return for Risk

SXLK.AS vs. IHYA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SXLK.AS

SXLK.AS Risk / Return Rank: 65
SXLK.AS Sharpe Ratio Rank: 76
SXLK.AS Sortino Ratio Rank: 70
SXLK.AS Omega Ratio Rank: 67
SXLK.AS Calmar Ratio Rank: 63
SXLK.AS Martin Ratio Rank: 50

IHYA.L

IHYA.L Risk / Return Rank: 61
IHYA.L Sharpe Ratio Rank: 58
IHYA.L Sortino Ratio Rank: 67
IHYA.L Omega Ratio Rank: 64
IHYA.L Calmar Ratio Rank: 50
IHYA.L Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SXLK.AS vs. IHYA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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.

	SXLK.AS	IHYA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.44	0.81	+1.63
Sortino ratio: Return per unit of downside risk	3.14	1.17	+1.96
Omega ratio: Gain probability vs. loss probability	1.40	1.15	+0.25
Calmar ratio: Return relative to maximum drawdown	3.09	1.43	+1.65
Martin ratio: Return relative to average drawdown	8.23	4.75	+3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SXLK.AS vs. IHYA.L - Sharpe Ratio Comparison

The current SXLK.AS Sharpe Ratio is 2.44, which is higher than the IHYA.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of SXLK.AS and IHYA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SXLK.AS	IHYA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	0.81	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.59	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.36	+0.63

Drawdowns

SXLK.AS vs. IHYA.L - Drawdown Comparison

The maximum SXLK.AS drawdown since its inception was -31.37%, which is greater than IHYA.L's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for SXLK.AS and IHYA.L.

Drawdown Indicators

	SXLK.AS	IHYA.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.37%	-21.83%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	-3.57%	-12.26%
Max Drawdown (3Y) Largest decline over 3 years	-30.08%	-11.75%	-18.33%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-11.75%	-18.33%
Current Drawdown Current decline from peak	-2.96%	-3.37%	+0.41%
Average Drawdown Average peak-to-trough decline	-6.54%	-4.44%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.97%	1.08%	+4.89%

Volatility

SXLK.AS vs. IHYA.L - Volatility Comparison

SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) has a higher volatility of 7.18% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) at 1.50%. This indicates that SXLK.AS's price experiences larger fluctuations and is considered to be riskier than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SXLK.AS	IHYA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	1.50%	+5.68%
Volatility (6M) Calculated over the trailing 6-month period	14.71%	4.52%	+10.19%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	6.32%	+13.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	8.39%	+13.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	9.45%	+13.53%

SXLK.AS vs. IHYA.L - Expense Ratio Comparison

SXLK.AS has a 0.15% expense ratio, which is lower than IHYA.L's 0.50% expense ratio.

Dividends

SXLK.AS vs. IHYA.L - Dividend Comparison

Neither SXLK.AS nor IHYA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SXLK.AS and IHYA.L in my portfolio?

SXLK.AS and IHYA.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SXLK.AS or IHYA.L?

On fees, SXLK.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SXLK.AS or IHYA.L?

SXLK.AS is cheaper with a 0.15% expense ratio, compared with 0.50% for IHYA.L.

What is the main difference between SXLK.AS and IHYA.L?

SXLK.AS is categorized as Technology Equities, while IHYA.L is High Yield Bonds. SXLK.AS tracks MSCI World/Information Tech NR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SXLK.AS and 0.50% for IHYA.L.