XSTC.L vs. GXLK.L

Last updated Jun 5, 2026

XSTC.L (Xtrackers MSCI USA Information Technology UCITS ETF 1D) 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 Xtrackers and State Street respectively. Both are passively managed. Over the past 3 years, XSTC.L returned 30.65%/yr vs 26.51%/yr for GXLK.L. With a 0.98 correlation, they move nearly in lockstep. XSTC.L charges 0.12%/yr vs 0.15%/yr for GXLK.L.

Performance

XSTC.L vs. GXLK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.L) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XSTC.L is traded in GBp, while GXLK.L is traded in GBP. To make them comparable, the GXLK.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XSTC.L having a 23.32% return and GXLK.L slightly higher at 23.38%.

XSTC.L

• 1D: -2.13%
• 1M: 14.77%
• YTD: 23.32%
• 6M: 22.05%
• 1Y: 53.36%
• 3Y*: 30.65%
• 5Y*: 24.21%
• 10Y*: —

GXLK.L

• 1D: -2.05%
• 1M: 14.24%
• YTD: 23.38%
• 6M: 22.20%
• 1Y: 53.75%
• 3Y*: 26.51%
• 5Y*: —
• 10Y*: —

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

XSTC.L vs. GXLK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D	23.32%	14.31%	39.50%	48.82%	-18.11%
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF	23.38%	15.88%	24.73%	48.31%	-16.12%

Correlation

The correlation between XSTC.L and GXLK.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.98

The correlation between XSTC.L and GXLK.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

XSTC.L vs. GXLK.L — Risk / Return Rank

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

XSTC.L

XSTC.L Risk / Return Rank: 70
XSTC.L Sharpe Ratio Rank: 84
XSTC.L Sortino Ratio Rank: 78
XSTC.L Omega Ratio Rank: 76
XSTC.L Calmar Ratio Rank: 63
XSTC.L Martin Ratio Rank: 48

GXLK.L

GXLK.L Risk / Return Rank: 72
GXLK.L Sharpe Ratio Rank: 85
GXLK.L Sortino Ratio Rank: 80
GXLK.L Omega Ratio Rank: 78
GXLK.L Calmar Ratio Rank: 66
GXLK.L Martin Ratio Rank: 50

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.

XSTC.L vs. GXLK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.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.

	XSTC.L	GXLK.L	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.77	-0.06
Sortino ratio: Return per unit of downside risk	3.45	3.53	-0.07
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.01
Calmar ratio: Return relative to maximum drawdown	3.04	3.21	-0.17
Martin ratio: Return relative to average drawdown	7.79	8.20	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSTC.L vs. GXLK.L - Sharpe Ratio Comparison

The current XSTC.L Sharpe Ratio is 2.70, which is comparable to the GXLK.L Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of XSTC.L and GXLK.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

	XSTC.L	GXLK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.70	2.77	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	0.79	+0.35

Drawdowns

XSTC.L vs. GXLK.L - Drawdown Comparison

The maximum XSTC.L drawdown since its inception was -29.30%, roughly equal to the maximum GXLK.L drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for XSTC.L and GXLK.L.

Drawdown Indicators

	XSTC.L	GXLK.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.30%	-28.24%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-16.67%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-29.30%	-28.24%	-1.06%
Max Drawdown (5Y) Largest decline over 5 years	-29.30%	—	—
Current Drawdown Current decline from peak	-2.71%	-2.76%	+0.05%
Average Drawdown Average peak-to-trough decline	-6.30%	-7.64%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	6.54%	+0.29%

Volatility

XSTC.L vs. GXLK.L - Volatility Comparison

Xtrackers MSCI USA Information Technology UCITS ETF 1D (XSTC.L) and SPDR S&P US Technology Select Sector UCITS ETF (GXLK.L) have volatilities of 7.05% and 6.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSTC.L	GXLK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.05%	6.90%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	14.45%	14.09%	+0.36%
Volatility (1Y) Calculated over the trailing 1-year period	19.63%	19.32%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.22%	26.83%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.43%	26.83%	-4.40%

XSTC.L vs. GXLK.L - Expense Ratio Comparison

XSTC.L has a 0.12% expense ratio, which is lower than GXLK.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XSTC.L vs. GXLK.L - Dividend Comparison

XSTC.L's dividend yield for the trailing twelve months is around 0.26%, while GXLK.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXLK.L SPDR S&P US Technology Select Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSTC.L Xtrackers MSCI USA Information Technology UCITS ETF 1D	0.26%	0.33%	0.37%	0.53%	1.08%	0.53%	0.63%	0.60%

Frequently Asked Questions

Can I hold both XSTC.L and GXLK.L in my portfolio?

With a correlation of 0.99, XSTC.L and GXLK.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XSTC.L or GXLK.L?

On fees, XSTC.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSTC.L or GXLK.L?

XSTC.L is cheaper with a 0.12% expense ratio, compared with 0.15% for GXLK.L.

What is the main difference between XSTC.L and GXLK.L?

Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.12% for XSTC.L and 0.15% for GXLK.L.