XS8R.L vs. ITEC.L
XS8R.L (Xtrackers MSCI Europe Information Technology ESG Screened UCITS ETF 1C) and ITEC.L (SPDR® MSCI Europe Technology UCITS ETF) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from Xtrackers and State Street respectively. Both are passively managed. Over the past 10 years, XS8R.L returned 9.06%/yr vs 17.51%/yr for ITEC.L. Their correlation of 0.92 suggests significant overlap in exposure. XS8R.L charges 0.20%/yr vs 0.18%/yr for ITEC.L.
Performance
XS8R.L vs. ITEC.L - Performance Comparison
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Different Trading Currencies
XS8R.L is traded in GBp, while ITEC.L is traded in EUR. To make them comparable, the ITEC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XS8R.L achieves a -4.42% return, which is significantly lower than ITEC.L's 49.67% return. Over the past 10 years, XS8R.L has underperformed ITEC.L with an annualized return of 9.06%, while ITEC.L has yielded a comparatively higher 17.51% annualized return.
XS8R.L
- 1D
- 0.01%
- 1M
- 8.23%
- YTD
- -4.42%
- 6M
- -5.56%
- 1Y
- -13.03%
- 3Y*
- -2.67%
- 5Y*
- -0.59%
- 10Y*
- 9.06%
ITEC.L
- 1D
- 0.19%
- 1M
- 17.53%
- YTD
- 49.67%
- 6M
- 45.59%
- 1Y
- 63.62%
- 3Y*
- 24.80%
- 5Y*
- 15.27%
- 10Y*
- 17.51%
XS8R.L vs. ITEC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XS8R.L Xtrackers MSCI Europe Information Technology ESG Screened UCITS ETF 1C | -4.42% | -7.24% | -4.36% | 34.53% | -24.37% | 25.82% | 21.50% | 28.80% | -8.50% | 25.02% |
ITEC.L SPDR® MSCI Europe Technology UCITS ETF | 49.67% | 15.55% | 3.61% | 32.30% | -24.48% | 27.89% | 20.51% | 28.88% | -6.17% | 25.04% |
Correlation
The correlation between XS8R.L and ITEC.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014 | 0.92 |
Over the past year, the correlation between XS8R.L and ITEC.L has dropped to 0.68 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
XS8R.L vs. ITEC.L — Risk / Return Rank
XS8R.L
ITEC.L
XS8R.L vs. ITEC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Information Technology ESG Screened UCITS ETF 1C (XS8R.L) and SPDR® MSCI Europe Technology UCITS ETF (ITEC.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.
| XS8R.L | ITEC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.42 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 5.29 | -5.68 |
| Martin ratioReturn relative to average drawdown | -0.79 | 13.44 | -14.23 |
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
| XS8R.L | ITEC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 2.54 | -3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.60 | -0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.73 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.70 | -0.33 |
Drawdowns
XS8R.L vs. ITEC.L - Drawdown Comparison
The maximum XS8R.L drawdown since its inception was -40.78%, which is greater than ITEC.L's maximum drawdown of -37.70%. Use the drawdown chart below to compare losses from any high point for XS8R.L and ITEC.L.
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Drawdown Indicators
| XS8R.L | ITEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.78% | -37.70% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -32.08% | -12.01% | -20.07% |
Max Drawdown (3Y)Largest decline over 3 years | -40.78% | -25.71% | -15.07% |
Max Drawdown (5Y)Largest decline over 5 years | -40.78% | -37.70% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -40.78% | -37.70% | -3.08% |
Current DrawdownCurrent decline from peak | -25.99% | 0.00% | -25.99% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -8.32% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 4.74% | +11.26% |
Volatility
XS8R.L vs. ITEC.L - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Information Technology ESG Screened UCITS ETF 1C (XS8R.L) is 7.29%, while SPDR® MSCI Europe Technology UCITS ETF (ITEC.L) has a volatility of 10.22%. This indicates that XS8R.L experiences smaller price fluctuations and is considered to be less risky than ITEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XS8R.L | ITEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 10.22% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.47% | 20.30% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 25.02% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 25.40% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.71% | 23.87% | -1.16% |
XS8R.L vs. ITEC.L - Expense Ratio Comparison
XS8R.L has a 0.20% expense ratio, which is higher than ITEC.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XS8R.L vs. ITEC.L - Dividend Comparison
Neither XS8R.L nor ITEC.L has paid dividends to shareholders.
Frequently Asked Questions
XS8R.L and ITEC.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ITEC.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ITEC.L is cheaper with a 0.18% expense ratio, compared with 0.20% for XS8R.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.20% for XS8R.L and 0.18% for ITEC.L.
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