UET5.DE vs. GXLK.L

Last updated Jul 21, 2026

UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) and GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) are both exchange-traded funds - UET5.DE is a Europe Equities fund tracking the EURO STOXX® 50 ESG, while GXLK.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, UET5.DE returned 14.43%/yr vs 10.95%/yr for GXLK.L. At a 0.48 correlation, their price movements are largely independent. UET5.DE charges 0.10%/yr vs 0.15%/yr for GXLK.L.

Performance

UET5.DE vs. GXLK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UET5.DE is traded in EUR, while GXLK.L is traded in GBP. To make them comparable, the GXLK.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, UET5.DE achieves a 10.71% return, which is significantly lower than GXLK.L's 17.23% return.

UET5.DE

• 1D: 0.13%
• 1M: -1.28%
• 6M: 8.70%
• YTD: 10.71%
• 1Y: 22.64%
• 3Y*: 18.95%
• 5Y*: 14.43%
• 10Y*: —
• ALL TIME*: 13.76%

GXLK.L

• 1D: 0.00%
• 1M: -5.08%
• 6M: 19.56%
• YTD: 17.23%
• 1Y: 29.98%
• 3Y*: 22.84%
• 5Y*: 10.95%
• 10Y*: 19.09%
• ALL TIME*: 16.62%

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

UET5.DE vs. GXLK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	10.71%	25.93%	12.78%	25.33%	-9.34%	26.97%	0.18%	8.33%
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF	17.23%	9.84%	30.75%	51.46%	-43.80%	42.94%	35.59%	17.54%

Correlation

The correlation between UET5.DE and GXLK.L is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.48

The correlation between UET5.DE and GXLK.L has been stable across timeframes, ranging from 0.48 to 0.52 - a consistent structural relationship.

Return for Risk

UET5.DE vs. GXLK.L — Risk / Return Rank

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

UET5.DE

UET5.DE Risk / Return Rank: 53
UET5.DE Sharpe Ratio Rank: 52
UET5.DE Sortino Ratio Rank: 55
UET5.DE Omega Ratio Rank: 52
UET5.DE Calmar Ratio Rank: 50
UET5.DE Martin Ratio Rank: 54

GXLK.L

GXLK.L Risk / Return Rank: 44
GXLK.L Sharpe Ratio Rank: 49
GXLK.L Sortino Ratio Rank: 47
GXLK.L Omega Ratio Rank: 46
GXLK.L Calmar Ratio Rank: 43
GXLK.L Martin Ratio Rank: 35

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.

UET5.DE vs. GXLK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.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.

	UET5.DE	GXLK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.38	-0.05
Sortino ratio: Return per unit of downside risk	2.01	1.91	+0.09
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	1.91	1.91	-0.01
Martin ratio: Return relative to average drawdown	6.81	4.68	+2.13

UET5.DE vs. GXLK.L - Sharpe Ratio Comparison

The current UET5.DE Sharpe Ratio is 1.33, which is comparable to the GXLK.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of UET5.DE and GXLK.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.

Drawdowns

UET5.DE vs. GXLK.L - Drawdown Comparison

The maximum UET5.DE drawdown since its inception was -37.03%, smaller than the maximum GXLK.L drawdown of -44.73%. Use the drawdown chart below to compare losses from any high point for UET5.DE and GXLK.L.

Drawdown Indicators

	UET5.DE	GXLK.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-44.73%	+7.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.83%	-15.74%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-30.29%	+14.70%
Max Drawdown (5Y) Largest decline over 5 years	-23.09%	-44.73%	+21.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.73%	—
Current Drawdown Current decline from peak	-2.81%	-8.58%	+5.77%
Average Drawdown Average peak-to-trough decline	-4.94%	-10.29%	+5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	6.42%	-3.10%

Volatility

UET5.DE vs. GXLK.L - Volatility Comparison

The current volatility for UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) is 4.15%, while SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a volatility of 7.48%. This indicates that UET5.DE experiences smaller price fluctuations and is considered to be less risky than GXLK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UET5.DE	GXLK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	7.48%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	16.51%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	21.80%	-4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.28%	25.12%	-7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	25.61%	-5.99%

UET5.DE vs. GXLK.L - Expense Ratio Comparison

UET5.DE has a 0.10% expense ratio, which is lower than GXLK.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UET5.DE vs. GXLK.L - Dividend Comparison

UET5.DE's dividend yield for the trailing twelve months is around 2.87%, while GXLK.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	2.87%	2.15%	3.28%	2.96%	3.06%	1.90%	1.93%

Frequently Asked Questions

Can I hold both UET5.DE and GXLK.L in my portfolio?

UET5.DE and GXLK.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UET5.DE or GXLK.L?

On fees, UET5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UET5.DE or GXLK.L?

UET5.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for GXLK.L.

What is the main difference between UET5.DE and GXLK.L?

UET5.DE is categorized as Europe Equities, while GXLK.L is Technology Equities. UET5.DE tracks EURO STOXX® 50 ESG, while GXLK.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: UBS and State Street. Their fees differ too: 0.10% for UET5.DE and 0.15% for GXLK.L.