XMLD.DE vs. SPYK.DE
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - XMLD.DE tracks the ROBO Global Artificial Intelligence while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 5 years, XMLD.DE returned 16.22%/yr vs 13.45%/yr for SPYK.DE. A 0.74 correlation means they provide meaningful diversification when combined. XMLD.DE charges 0.49%/yr vs 0.18%/yr for SPYK.DE.
Performance
XMLD.DE vs. SPYK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLD.DE achieves a 37.67% return, which is significantly lower than SPYK.DE's 44.14% return.
XMLD.DE
- 1D
- -0.83%
- 1M
- 1.86%
- YTD
- 37.67%
- 6M
- 36.76%
- 1Y
- 64.71%
- 3Y*
- 33.11%
- 5Y*
- 16.22%
- 10Y*
- —
SPYK.DE
- 1D
- 1.00%
- 1M
- 2.43%
- YTD
- 44.14%
- 6M
- 45.93%
- 1Y
- 55.99%
- 3Y*
- 24.01%
- 5Y*
- 13.45%
- 10Y*
- 16.97%
XMLD.DE vs. SPYK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 37.67% | 16.99% | 25.20% | 54.24% | -36.43% | 19.04% | 50.37% | -2.72% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 44.14% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 11.08% |
Correlation
The correlation between XMLD.DE and SPYK.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019 | 0.74 |
The correlation between XMLD.DE and SPYK.DE has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
XMLD.DE vs. SPYK.DE — Risk / Return Rank
XMLD.DE
SPYK.DE
XMLD.DE vs. SPYK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.DE) and SPDR MSCI Europe Technology UCITS ETF (SPYK.DE). 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.
| XMLD.DE | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.38 | -0.30 |
| Martin ratioReturn relative to average drawdown | 10.77 | 11.62 | -0.84 |
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Drawdowns
XMLD.DE vs. SPYK.DE - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.77%, which is greater than SPYK.DE's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for XMLD.DE and SPYK.DE.
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Drawdown Indicators
| XMLD.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -38.45% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -12.73% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -33.66% | -27.02% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -42.77% | -38.45% | -4.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -5.41% | -4.05% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -13.19% | -8.54% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 4.81% | +1.18% |
Volatility
XMLD.DE vs. SPYK.DE - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (XMLD.DE) has a higher volatility of 10.00% compared to SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) at 9.32%. This indicates that XMLD.DE's price experiences larger fluctuations and is considered to be riskier than SPYK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLD.DE | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 9.32% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 21.99% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.32% | 26.64% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.35% | 26.02% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.80% | 24.20% | +3.60% |
XMLD.DE vs. SPYK.DE - Expense Ratio Comparison
XMLD.DE has a 0.49% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
XMLD.DE vs. SPYK.DE - Dividend Comparison
Neither XMLD.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and SPYK.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for XMLD.DE.
XMLD.DE tracks ROBO Global Artificial Intelligence, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.49% for XMLD.DE and 0.18% for SPYK.DE.
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