COTZX vs. XLKQ.L

Last updated Jun 13, 2026

COTZX (Columbia Thermostat Fund) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both funds - COTZX is a Tactical Allocation fund managed by Columbia, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Over the past 10 years, COTZX returned 7.37%/yr vs 25.89%/yr for XLKQ.L. A 0.53 correlation means they provide meaningful diversification when combined. COTZX charges 0.24%/yr vs 0.14%/yr for XLKQ.L.

Performance

COTZX vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Thermostat Fund (COTZX) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COTZX is traded in USD, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COTZX achieves a 2.65% return, which is significantly lower than XLKQ.L's 17.67% return. Over the past 10 years, COTZX has underperformed XLKQ.L with an annualized return of 7.37%, while XLKQ.L has yielded a comparatively higher 25.89% annualized return.

COTZX

• 1D: 1.00%
• 1M: 0.16%
• YTD: 2.65%
• 6M: 3.13%
• 1Y: 10.49%
• 3Y*: 10.37%
• 5Y*: 4.48%
• 10Y*: 7.37%

XLKQ.L

• 1D: 2.23%
• 1M: 1.85%
• YTD: 17.67%
• 6M: 18.78%
• 1Y: 42.87%
• 3Y*: 33.42%
• 5Y*: 23.71%
• 10Y*: 25.89%

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

COTZX vs. XLKQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COTZX Columbia Thermostat Fund	2.65%	15.02%	7.98%	11.66%	-12.92%	6.44%	29.61%	15.15%	-1.17%	3.33%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	17.67%	24.49%	41.63%	59.85%	-29.07%	35.05%	42.15%	50.17%	-3.26%	33.42%

Correlation

The correlation between COTZX and XLKQ.L is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009	0.53

The correlation between COTZX and XLKQ.L shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

COTZX vs. XLKQ.L — Risk / Return Rank

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

COTZX

COTZX Risk / Return Rank: 75
COTZX Sharpe Ratio Rank: 74
COTZX Sortino Ratio Rank: 76
COTZX Omega Ratio Rank: 75
COTZX Calmar Ratio Rank: 70
COTZX Martin Ratio Rank: 82

XLKQ.L

XLKQ.L Risk / Return Rank: 68
XLKQ.L Sharpe Ratio Rank: 81
XLKQ.L Sortino Ratio Rank: 75
XLKQ.L Omega Ratio Rank: 73
XLKQ.L Calmar Ratio Rank: 61
XLKQ.L Martin Ratio Rank: 47

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.

COTZX vs. XLKQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Thermostat Fund (COTZX) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.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.

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.

	COTZX	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.09	-0.05
Sortino ratio: Return per unit of downside risk	3.00	2.77	+0.23
Omega ratio: Gain probability vs. loss probability	1.40	1.35	+0.05
Calmar ratio: Return relative to maximum drawdown	2.71	2.54	+0.17
Martin ratio: Return relative to average drawdown	12.45	7.53	+4.93

COTZX vs. XLKQ.L - Sharpe Ratio Comparison

The current COTZX Sharpe Ratio is 2.05, which is comparable to the XLKQ.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of COTZX and XLKQ.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.

Drawdowns

COTZX vs. XLKQ.L - Drawdown Comparison

The maximum COTZX drawdown since its inception was -47.48%, which is greater than XLKQ.L's maximum drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for COTZX and XLKQ.L.

Drawdown Indicators

	COTZX	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.48%	-39.80%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-4.02%	-16.81%	+12.79%
Max Drawdown (3Y) Largest decline over 3 years	-6.93%	-26.96%	+20.03%
Max Drawdown (5Y) Largest decline over 5 years	-17.80%	-35.00%	+17.20%
Max Drawdown (10Y) Largest decline over 10 years	-17.80%	-35.00%	+17.20%
Current Drawdown Current decline from peak	-0.82%	-7.72%	+6.90%
Average Drawdown Average peak-to-trough decline	-3.46%	-9.19%	+5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	5.68%	-4.81%

Volatility

COTZX vs. XLKQ.L - Volatility Comparison

The current volatility for Columbia Thermostat Fund (COTZX) is 2.19%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 8.44%. This indicates that COTZX experiences smaller price fluctuations and is considered to be less risky than XLKQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COTZX	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	8.44%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	15.97%	-11.69%
Volatility (1Y) Calculated over the trailing 1-year period	5.30%	20.37%	-15.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.37%	27.28%	-19.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	23.90%	-16.49%

COTZX vs. XLKQ.L - Expense Ratio Comparison

COTZX has a 0.24% expense ratio, which is higher than XLKQ.L's 0.14% 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

COTZX vs. XLKQ.L - Dividend Comparison

COTZX's dividend yield for the trailing twelve months is around 3.28%, while XLKQ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COTZX Columbia Thermostat Fund	3.28%	3.37%	3.55%	2.74%	3.28%	14.82%	6.92%	5.57%	4.45%	3.13%	2.66%	4.26%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COTZX and XLKQ.L in my portfolio?

COTZX and XLKQ.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.