UTIL.L vs. GOOGL

Last updated Jun 5, 2026

UTIL.L (SPDR MSCI Europe Utilities UCITS ETF) is Utilities Equities fund tracking the MSCI World/Utilities NR USD, while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, UTIL.L returned 10.69%/yr vs 25.96%/yr for GOOGL. At a 0.16 correlation, their price movements are largely independent.

Performance

UTIL.L vs. GOOGL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and Alphabet Inc. Class A (GOOGL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, UTIL.L achieves a 12.98% return, which is significantly lower than GOOGL's 20.35% return. Over the past 10 years, UTIL.L has underperformed GOOGL with an annualized return of 10.69%, while GOOGL has yielded a comparatively higher 25.96% annualized return.

UTIL.L

• 1D: -0.22%
• 1M: -3.08%
• YTD: 12.98%
• 6M: 14.06%
• 1Y: 26.75%
• 3Y*: 16.59%
• 5Y*: 11.83%
• 10Y*: 10.69%

GOOGL

• 1D: 3.53%
• 1M: -3.54%
• YTD: 20.35%
• 6M: 17.65%
• 1Y: 118.51%
• 3Y*: 40.05%
• 5Y*: 26.85%
• 10Y*: 25.96%

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

UTIL.L vs. GOOGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	12.98%	33.98%	1.33%	13.09%	-6.77%	8.27%	11.82%	29.32%	3.35%	9.30%
GOOGL Alphabet Inc. Class A	20.35%	46.30%	44.98%	53.58%	-35.31%	77.66%	20.07%	31.07%	3.86%	16.59%

Correlation

The correlation between UTIL.L and GOOGL is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014	0.16

The correlation between UTIL.L and GOOGL shifts across timeframes, from -0.03 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UTIL.L vs. GOOGL — Risk / Return Rank

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

UTIL.L

UTIL.L Risk / Return Rank: 57
UTIL.L Sharpe Ratio Rank: 53
UTIL.L Sortino Ratio Rank: 48
UTIL.L Omega Ratio Rank: 53
UTIL.L Calmar Ratio Rank: 74
UTIL.L Martin Ratio Rank: 58

GOOGL

GOOGL Risk / Return Rank: 96
GOOGL Sharpe Ratio Rank: 98
GOOGL Sortino Ratio Rank: 98
GOOGL Omega Ratio Rank: 97
GOOGL Calmar Ratio Rank: 94
GOOGL Martin Ratio Rank: 96

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.

UTIL.L vs. GOOGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) and Alphabet Inc. Class A (GOOGL). 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.

	UTIL.L	GOOGL	Difference
Sharpe ratio: Return per unit of total volatility	1.80	4.09	-2.29
Sortino ratio: Return per unit of downside risk	2.35	5.25	-2.90
Omega ratio: Gain probability vs. loss probability	1.33	1.66	-0.33
Calmar ratio: Return relative to maximum drawdown	3.65	6.56	-2.91
Martin ratio: Return relative to average drawdown	10.27	22.50	-12.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTIL.L vs. GOOGL - Sharpe Ratio Comparison

The current UTIL.L Sharpe Ratio is 1.80, which is lower than the GOOGL Sharpe Ratio of 4.09. The chart below compares the historical Sharpe Ratios of UTIL.L and GOOGL, 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

	UTIL.L	GOOGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	4.09	-2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.87	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.89	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.69	-0.18

Drawdowns

UTIL.L vs. GOOGL - Drawdown Comparison

The maximum UTIL.L drawdown since its inception was -34.59%, smaller than the maximum GOOGL drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for UTIL.L and GOOGL.

Drawdown Indicators

	UTIL.L	GOOGL	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-60.91%	+26.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-18.17%	+10.87%
Max Drawdown (3Y) Largest decline over 3 years	-13.48%	-35.42%	+21.94%
Max Drawdown (5Y) Largest decline over 5 years	-22.12%	-38.62%	+16.50%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-38.62%	+4.03%
Current Drawdown Current decline from peak	-5.13%	-6.76%	+1.63%
Average Drawdown Average peak-to-trough decline	-5.98%	-12.56%	+6.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	5.29%	-2.69%

Volatility

UTIL.L vs. GOOGL - Volatility Comparison

The current volatility for SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) is 5.83%, while Alphabet Inc. Class A (GOOGL) has a volatility of 8.64%. This indicates that UTIL.L experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTIL.L	GOOGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	8.64%	-2.81%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	20.05%	-7.16%
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	29.15%	-14.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	31.05%	-14.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	29.34%	-11.63%

Dividends

UTIL.L vs. GOOGL - Dividend Comparison

UTIL.L has not paid dividends to shareholders, while GOOGL's dividend yield for the trailing twelve months is around 0.23%.

Position	TTM	2025	2024
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%
UTIL.L SPDR MSCI Europe Utilities UCITS ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UTIL.L and GOOGL in my portfolio?

UTIL.L and GOOGL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.