XFSN.L vs. CLO.L
XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) and CLO.L (Global X Cloud Computing UCITS ETF USD Acc) are both Technology Equities funds - XFSN.L tracks the MSCI World/Information Tech NR USD while CLO.L tracks the Indxx Global Cloud Computing Index. Both are passively managed. Over the past 3 years, XFSN.L returned 13.55%/yr vs 6.74%/yr for CLO.L. A 0.57 correlation means they provide meaningful diversification when combined. XFSN.L charges 0.35%/yr vs 0.55%/yr for CLO.L.
Performance
XFSN.L vs. CLO.L - Performance Comparison
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Different Trading Currencies
XFSN.L is traded in GBP, while CLO.L is traded in USD. To make them comparable, the CLO.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XFSN.L achieves a -3.47% return, which is significantly lower than CLO.L's 9.38% return.
XFSN.L
- 1D
- -2.16%
- 1M
- 6.48%
- YTD
- -3.47%
- 6M
- -4.83%
- 1Y
- -1.28%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
CLO.L
- 1D
- -2.26%
- 1M
- 20.58%
- YTD
- 9.38%
- 6M
- 7.71%
- 1Y
- 8.05%
- 3Y*
- 6.74%
- 5Y*
- —
- 10Y*
- —
XFSN.L vs. CLO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C | -3.47% | 2.93% | 34.89% | 21.37% | -7.30% |
CLO.L Global X Cloud Computing UCITS ETF USD Acc | 9.38% | -11.83% | 6.30% | 36.11% | -4.33% |
Correlation
The correlation between XFSN.L and CLO.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.57 |
The correlation between XFSN.L and CLO.L has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
XFSN.L vs. CLO.L — Risk / Return Rank
XFSN.L
CLO.L
XFSN.L vs. CLO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) and Global X Cloud Computing UCITS ETF USD Acc (CLO.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.
| XFSN.L | CLO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.29 | -0.34 |
| Martin ratioReturn relative to average drawdown | -0.11 | 0.67 | -0.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFSN.L | CLO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.28 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.18 | +0.78 |
Drawdowns
XFSN.L vs. CLO.L - Drawdown Comparison
The maximum XFSN.L drawdown since its inception was -23.96%, smaller than the maximum CLO.L drawdown of -44.92%. Use the drawdown chart below to compare losses from any high point for XFSN.L and CLO.L.
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Drawdown Indicators
| XFSN.L | CLO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -44.92% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -23.96% | -27.83% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -37.38% | +13.42% |
Current DrawdownCurrent decline from peak | -12.12% | -19.90% | +7.78% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -29.66% | +23.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.36% | 11.98% | -0.62% |
Volatility
XFSN.L vs. CLO.L - Volatility Comparison
The current volatility for Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) is 4.25%, while Global X Cloud Computing UCITS ETF USD Acc (CLO.L) has a volatility of 13.61%. This indicates that XFSN.L experiences smaller price fluctuations and is considered to be less risky than CLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFSN.L | CLO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 13.61% | -9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 25.29% | -13.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 28.83% | -13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 32.79% | -14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 32.79% | -14.24% |
XFSN.L vs. CLO.L - Expense Ratio Comparison
XFSN.L has a 0.35% expense ratio, which is lower than CLO.L's 0.55% expense ratio.
Dividends
XFSN.L vs. CLO.L - Dividend Comparison
Neither XFSN.L nor CLO.L has paid dividends to shareholders.
Frequently Asked Questions
XFSN.L and CLO.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFSN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFSN.L is cheaper with a 0.35% expense ratio, compared with 0.55% for CLO.L.
XFSN.L tracks MSCI World/Information Tech NR USD, while CLO.L tracks Indxx Global Cloud Computing Index. They also come from different issuers: DWS and Global X. Their fees differ too: 0.35% for XFSN.L and 0.55% for CLO.L.
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