VPNG.L vs. SHLD.L
VPNG.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - VPNG.L tracks the Solactive Data Center REITs & Digital Infrastructure v2 Index while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 3 years, VPNG.L returned 26.04%/yr vs 17.87%/yr for SHLD.L. A 0.56 correlation means they provide meaningful diversification when combined. VPNG.L charges 0.50%/yr vs 0.40%/yr for SHLD.L.
Performance
VPNG.L vs. SHLD.L - Performance Comparison
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Different Trading Currencies
VPNG.L is traded in GBP, while SHLD.L is traded in USD. To make them comparable, the SHLD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VPNG.L achieves a 30.91% return, which is significantly higher than SHLD.L's 16.73% return.
VPNG.L
- 1D
- 0.00%
- 1M
- -13.02%
- 6M
- 16.62%
- YTD
- 30.91%
- 1Y
- 45.01%
- 3Y*
- 26.04%
- 5Y*
- —
- 10Y*
- —
SHLD.L
- 1D
- -0.37%
- 1M
- 2.12%
- 6M
- 16.00%
- YTD
- 16.73%
- 1Y
- 21.48%
- 3Y*
- 17.87%
- 5Y*
- 9.59%
- 10Y*
- —
VPNG.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPNG.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating | 30.91% | 20.65% | 15.20% | 11.28% | -22.01% | 1.90% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.73% | 3.57% | 18.59% | 27.22% | -20.68% | 0.76% |
Correlation
The correlation between VPNG.L and SHLD.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.56 |
The correlation between VPNG.L and SHLD.L shifts across timeframes, from 0.40 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VPNG.L vs. SHLD.L — Risk / Return Rank
VPNG.L
SHLD.L
VPNG.L vs. SHLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.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.
| VPNG.L | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 1.69 | +1.24 |
| Martin ratioReturn relative to average drawdown | 8.83 | 3.64 | +5.20 |
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Drawdowns
VPNG.L vs. SHLD.L - Drawdown Comparison
The maximum VPNG.L drawdown since its inception was -26.74%, roughly equal to the maximum SHLD.L drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for VPNG.L and SHLD.L.
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Drawdown Indicators
| VPNG.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.74% | -27.24% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -15.44% | -12.66% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -24.26% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.24% | — |
Current DrawdownCurrent decline from peak | -15.44% | -5.27% | -10.17% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -7.84% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 5.90% | -0.79% |
Volatility
VPNG.L vs. SHLD.L - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L) and iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) have volatilities of 7.37% and 7.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPNG.L | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 7.09% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.54% | 17.91% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 21.43% | +2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.03% | 20.33% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 20.35% | +0.68% |
VPNG.L vs. SHLD.L - Expense Ratio Comparison
VPNG.L has a 0.50% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
VPNG.L vs. SHLD.L - Dividend Comparison
VPNG.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
VPNG.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VPNG.L and SHLD.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.50% for VPNG.L.
VPNG.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: Global X and iShares. Their fees differ too: 0.50% for VPNG.L and 0.40% for SHLD.L.
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