SXLK.AS vs. IUIT.L
Compare and contrast key facts about SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L).
SXLK.AS and IUIT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SXLK.AS is a passively managed fund by State Street that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jul 7, 2015. IUIT.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Information Technology Index. It was launched on Nov 20, 2015. Both SXLK.AS and IUIT.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SXLK.AS or IUIT.L.
Key characteristics
| SXLK.AS | IUIT.L | |
|---|---|---|
| YTD Return | 14.95% | 26.42% |
| 1Y Return | 24.33% | 41.62% |
| 3Y Return (Ann) | 14.48% | 16.61% |
| 5Y Return (Ann) | 30.08% | 25.32% |
| Sharpe Ratio | 1.36 | 2.13 |
| Daily Std Dev | 19.52% | 20.77% |
| Max Drawdown | -34.44% | -33.46% |
| Current Drawdown | -8.64% | -6.29% |
Correlation
The correlation between SXLK.AS and IUIT.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SXLK.AS vs. IUIT.L - Performance Comparison
In the year-to-date period, SXLK.AS achieves a 14.95% return, which is significantly lower than IUIT.L's 26.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SXLK.AS vs. IUIT.L - Expense Ratio Comparison
Both SXLK.AS and IUIT.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SXLK.AS vs. IUIT.L - Risk-Adjusted Performance 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 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.
Dividends
SXLK.AS vs. IUIT.L - Dividend Comparison
Neither SXLK.AS nor IUIT.L has paid dividends to shareholders.
Drawdowns
SXLK.AS vs. IUIT.L - Drawdown Comparison
The maximum SXLK.AS drawdown since its inception was -34.44%, roughly equal to the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for SXLK.AS and IUIT.L. For additional features, visit the drawdowns tool.
Volatility
SXLK.AS vs. IUIT.L - Volatility Comparison
SPDR S&P U.S. Technology Select Sector UCITS ETF (SXLK.AS) has a higher volatility of 7.19% compared to iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) at 6.81%. This indicates that SXLK.AS's price experiences larger fluctuations and is considered to be riskier than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.