XCTE.L vs. LOCK.L

Last updated Jul 8, 2026

XCTE.L (Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C) and LOCK.L (iShares Digital Security UCITS ETF USD Acc) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from DWS and iShares respectively. Both are passively managed. Over the past 3 years, XCTE.L returned 10.27%/yr vs 21.74%/yr for LOCK.L. At a 0.38 correlation, their price movements are largely independent. XCTE.L charges 0.44%/yr vs 0.40%/yr for LOCK.L.

Performance

XCTE.L vs. LOCK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.L) and iShares Digital Security UCITS ETF USD Acc (LOCK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCTE.L achieves a -1.65% return, which is significantly lower than LOCK.L's 18.92% return.

XCTE.L

• 1D: -0.28%
• 1M: -3.40%
• 6M: -5.94%
• YTD: -1.65%
• 1Y: 17.90%
• 3Y*: 10.27%
• 5Y*: —
• 10Y*: —

LOCK.L

• 1D: -0.17%
• 1M: 2.37%
• 6M: 18.92%
• YTD: 18.92%
• 1Y: 22.29%
• 3Y*: 21.74%
• 5Y*: 9.50%
• 10Y*: —

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

XCTE.L vs. LOCK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XCTE.L Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C	-1.65%	35.15%	13.83%	-15.21%	-0.32%
LOCK.L iShares Digital Security UCITS ETF USD Acc	18.92%	11.29%	16.92%	33.93%	-17.94%

Correlation

The correlation between XCTE.L and LOCK.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.38

XCTE.L vs. LOCK.L - Sectors Allocation Comparison

Sectors	XCTE.L	LOCK.L
Technology	33.2%	82.2%
Consumer Cyclical	22.0%	-
Communication Services	14.6%	-
Industrials	11.0%	10.3%
Basic Materials	9.0%	-
Utilities	4.9%	-
Healthcare	2.7%	-
Financial Services	1.2%	0.1%
Real Estate	1.1%	6.8%
Energy	0.3%	-
Consumer Defensive	0.3%	-

Return for Risk

XCTE.L vs. LOCK.L — Risk / Return Rank

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

XCTE.L

XCTE.L Risk / Return Rank: 23
XCTE.L Sharpe Ratio Rank: 23
XCTE.L Sortino Ratio Rank: 24
XCTE.L Omega Ratio Rank: 22
XCTE.L Calmar Ratio Rank: 25
XCTE.L Martin Ratio Rank: 21

LOCK.L

LOCK.L Risk / Return Rank: 34
LOCK.L Sharpe Ratio Rank: 32
LOCK.L Sortino Ratio Rank: 32
LOCK.L Omega Ratio Rank: 30
LOCK.L Calmar Ratio Rank: 44
LOCK.L Martin Ratio Rank: 32

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.

XCTE.L vs. LOCK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.L) and iShares Digital Security UCITS ETF USD Acc (LOCK.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.

	XCTE.L	LOCK.L	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.02	-0.27
Sortino ratio: Return per unit of downside risk	1.20	1.54	-0.34
Omega ratio: Gain probability vs. loss probability	1.14	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	1.07	1.90	-0.83
Martin ratio: Return relative to average drawdown	2.20	4.10	-1.90

XCTE.L vs. LOCK.L - Sharpe Ratio Comparison

The current XCTE.L Sharpe Ratio is 0.76, which is comparable to the LOCK.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of XCTE.L and LOCK.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

XCTE.L vs. LOCK.L - Drawdown Comparison

The maximum XCTE.L drawdown since its inception was -46.14%, which is greater than LOCK.L's maximum drawdown of -36.04%. Use the drawdown chart below to compare losses from any high point for XCTE.L and LOCK.L.

Drawdown Indicators

	XCTE.L	LOCK.L	Difference
Max Drawdown Largest peak-to-trough decline	-46.14%	-36.04%	-10.10%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-11.65%	-5.10%
Max Drawdown (3Y) Largest decline over 3 years	-32.95%	-22.28%	-10.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.04%	—
Current Drawdown Current decline from peak	-11.24%	-3.36%	-7.88%
Average Drawdown Average peak-to-trough decline	-21.50%	-9.55%	-11.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.18%	5.43%	+2.75%

Volatility

XCTE.L vs. LOCK.L - Volatility Comparison

Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.L) has a higher volatility of 7.73% compared to iShares Digital Security UCITS ETF USD Acc (LOCK.L) at 7.21%. This indicates that XCTE.L's price experiences larger fluctuations and is considered to be riskier than LOCK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCTE.L	LOCK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.73%	7.21%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	17.54%	18.05%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	23.83%	21.73%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.57%	21.34%	+9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.57%	21.18%	+9.39%

XCTE.L vs. LOCK.L - Expense Ratio Comparison

XCTE.L has a 0.44% expense ratio, which is higher than LOCK.L's 0.40% expense ratio.

Dividends

XCTE.L vs. LOCK.L - Dividend Comparison

Neither XCTE.L nor LOCK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XCTE.L and LOCK.L in my portfolio?

XCTE.L and LOCK.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCTE.L or LOCK.L?

On fees, LOCK.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCTE.L or LOCK.L?

LOCK.L is cheaper with a 0.40% expense ratio, compared with 0.44% for XCTE.L.

What is the main difference between XCTE.L and LOCK.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.44% for XCTE.L and 0.40% for LOCK.L.