XFSN.L vs. PIGI.L

Last updated Jun 4, 2026

XFSN.L (Xtrackers MSCI Fintech Innovation UCITS ETF 1C) and PIGI.L (HANetf Digital Infrastructure and Connectivity UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from DWS and HANetf respectively. Both are passively managed. Over the past year, XFSN.L returned -1.28% vs 16.04% for PIGI.L. A 0.59 correlation means they provide meaningful diversification when combined. XFSN.L charges 0.35%/yr vs 0.69%/yr for PIGI.L.

Performance

XFSN.L vs. PIGI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) and HANetf Digital Infrastructure and Connectivity UCITS ETF (PIGI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XFSN.L is traded in GBP, while PIGI.L is traded in GBp. To make them comparable, the PIGI.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 PIGI.L's 6.21% return.

XFSN.L

• 1D: -2.16%
• 1M: 6.48%
• YTD: -3.47%
• 6M: -4.83%
• 1Y: -1.28%
• 3Y*: 13.55%
• 5Y*: —
• 10Y*: —

PIGI.L

• 1D: -0.05%
• 1M: 2.52%
• YTD: 6.21%
• 6M: 6.94%
• 1Y: 16.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XFSN.L vs. PIGI.L - Yearly Performance Comparison

	2026 (YTD)	2025
XFSN.L Xtrackers MSCI Fintech Innovation UCITS ETF 1C	-3.47%	10.73%
PIGI.L HANetf Digital Infrastructure and Connectivity UCITS ETF	6.21%	12.66%

Correlation

The correlation between XFSN.L and PIGI.L is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.59

The correlation between XFSN.L and PIGI.L has been stable across timeframes, ranging from 0.58 to 0.59 - a consistent structural relationship.

Return for Risk

XFSN.L vs. PIGI.L — Risk / Return Rank

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

XFSN.L

XFSN.L Risk / Return Rank: 8
XFSN.L Sharpe Ratio Rank: 8
XFSN.L Sortino Ratio Rank: 8
XFSN.L Omega Ratio Rank: 8
XFSN.L Calmar Ratio Rank: 8
XFSN.L Martin Ratio Rank: 8

PIGI.L

PIGI.L Risk / Return Rank: 58
PIGI.L Sharpe Ratio Rank: 59
PIGI.L Sortino Ratio Rank: 58
PIGI.L Omega Ratio Rank: 65
PIGI.L Calmar Ratio Rank: 55
PIGI.L Martin Ratio Rank: 54

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.

XFSN.L vs. PIGI.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 HANetf Digital Infrastructure and Connectivity UCITS ETF (PIGI.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	PIGI.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.99	-2.07
Sortino ratio: Return per unit of downside risk	-0.01	2.72	-2.72
Omega ratio: Gain probability vs. loss probability	1.00	1.39	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.05	2.70	-2.75
Martin ratio: Return relative to average drawdown	-0.11	9.18	-9.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFSN.L vs. PIGI.L - Sharpe Ratio Comparison

The current XFSN.L Sharpe Ratio is -0.08, which is lower than the PIGI.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of XFSN.L and PIGI.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.

Sharpe Ratios by Period

	XFSN.L	PIGI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	1.99	-2.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	2.11	-1.50

Drawdowns

XFSN.L vs. PIGI.L - Drawdown Comparison

The maximum XFSN.L drawdown since its inception was -23.96%, which is greater than PIGI.L's maximum drawdown of -6.15%. Use the drawdown chart below to compare losses from any high point for XFSN.L and PIGI.L.

Drawdown Indicators

	XFSN.L	PIGI.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.96%	-6.15%	-17.81%
Max Drawdown (1Y) Largest decline over 1 year	-23.96%	-6.15%	-17.81%
Max Drawdown (3Y) Largest decline over 3 years	-23.96%	—	—
Current Drawdown Current decline from peak	-12.12%	-0.27%	-11.85%
Average Drawdown Average peak-to-trough decline	-6.18%	-1.17%	-5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.36%	1.81%	+9.55%

Volatility

XFSN.L vs. PIGI.L - Volatility Comparison

Xtrackers MSCI Fintech Innovation UCITS ETF 1C (XFSN.L) has a higher volatility of 4.25% compared to HANetf Digital Infrastructure and Connectivity UCITS ETF (PIGI.L) at 1.45%. This indicates that XFSN.L's price experiences larger fluctuations and is considered to be riskier than PIGI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFSN.L	PIGI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	1.45%	+2.80%
Volatility (6M) Calculated over the trailing 6-month period	11.65%	6.17%	+5.48%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	8.36%	+7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	8.47%	+10.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	8.47%	+10.08%

XFSN.L vs. PIGI.L - Expense Ratio Comparison

XFSN.L has a 0.35% expense ratio, which is lower than PIGI.L's 0.69% expense ratio.

Dividends

XFSN.L vs. PIGI.L - Dividend Comparison

Neither XFSN.L nor PIGI.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XFSN.L and PIGI.L in my portfolio?

XFSN.L and PIGI.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XFSN.L or PIGI.L?

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.

Which ETF is cheaper, XFSN.L or PIGI.L?

XFSN.L is cheaper with a 0.35% expense ratio, compared with 0.69% for PIGI.L.

What is the main difference between XFSN.L and PIGI.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: DWS and HANetf. Their fees differ too: 0.35% for XFSN.L and 0.69% for PIGI.L.