XFSN.L vs. GXLK.L
XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) and GXLK.L (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from DWS and State Street respectively. Both are passively managed. Over the past 3 years, XFSN.L returned 13.55%/yr vs 27.60%/yr for GXLK.L. A 0.71 correlation means they provide meaningful diversification when combined. XFSN.L charges 0.35%/yr vs 0.15%/yr for GXLK.L.
Performance
XFSN.L vs. GXLK.L - Performance Comparison
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Returns By Period
In the year-to-date period, XFSN.L achieves a -3.47% return, which is significantly lower than GXLK.L's 25.97% return.
XFSN.L
- 1D
- -2.16%
- 1M
- 6.48%
- YTD
- -3.47%
- 6M
- -4.83%
- 1Y
- -1.28%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
GXLK.L
- 1D
- -0.72%
- 1M
- 18.41%
- YTD
- 25.97%
- 6M
- 25.10%
- 1Y
- 57.36%
- 3Y*
- 27.60%
- 5Y*
- —
- 10Y*
- —
XFSN.L vs. GXLK.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% |
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF | 25.97% | 15.88% | 24.73% | 48.31% | -9.91% |
Correlation
The correlation between XFSN.L and GXLK.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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022 | 0.71 |
The correlation between XFSN.L and GXLK.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
XFSN.L vs. GXLK.L — Risk / Return Rank
XFSN.L
GXLK.L
XFSN.L vs. GXLK.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 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.
| XFSN.L | GXLK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.49 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.42 | -3.48 |
| Martin ratioReturn relative to average drawdown | -0.11 | 8.75 | -8.86 |
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 | GXLK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.97 | -3.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.81 | -0.21 |
Drawdowns
XFSN.L vs. GXLK.L - Drawdown Comparison
The maximum XFSN.L drawdown since its inception was -23.96%, smaller than the maximum GXLK.L drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for XFSN.L and GXLK.L.
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Drawdown Indicators
| XFSN.L | GXLK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.96% | -28.24% | +4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -23.96% | -16.67% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -28.24% | +4.28% |
Current DrawdownCurrent decline from peak | -12.12% | -0.72% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -7.64% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.36% | 6.54% | +4.82% |
Volatility
XFSN.L vs. GXLK.L - Volatility Comparison
The current volatility for Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) is 4.25%, while SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) has a volatility of 6.33%. This indicates that XFSN.L 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.
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Volatility by Period
| XFSN.L | GXLK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 6.33% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 13.91% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 19.29% | -3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 26.82% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 26.82% | -8.27% |
XFSN.L vs. GXLK.L - Expense Ratio Comparison
XFSN.L has a 0.35% expense ratio, which is higher than GXLK.L's 0.15% expense ratio.
Dividends
XFSN.L vs. GXLK.L - Dividend Comparison
Neither XFSN.L nor GXLK.L has paid dividends to shareholders.
Frequently Asked Questions
XFSN.L and GXLK.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, GXLK.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXLK.L is cheaper with a 0.15% expense ratio, compared with 0.35% for XFSN.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: DWS and State Street. Their fees differ too: 0.35% for XFSN.L and 0.15% for GXLK.L.
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