DPAY.L vs. XLKQ.L
DPAY.L (L&G Digital Payments UCITS ETF USD (Acc)) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both Technology Equities funds - DPAY.L tracks the Solactive Digital Payments Index NTR while XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 5 years, DPAY.L returned -5.68%/yr vs 22.29%/yr for XLKQ.L. A 0.58 correlation means they provide meaningful diversification when combined. DPAY.L charges 0.49%/yr vs 0.14%/yr for XLKQ.L.
Performance
DPAY.L vs. XLKQ.L - Performance Comparison
Loading charts...
Different Trading Currencies
DPAY.L 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, DPAY.L achieves a 2.53% return, which is significantly lower than XLKQ.L's 17.97% return.
DPAY.L
- 1D
- 2.94%
- 1M
- 10.78%
- 6M
- 4.05%
- YTD
- 2.53%
- 1Y
- -5.75%
- 3Y*
- 3.47%
- 5Y*
- -5.68%
- 10Y*
- —
XLKQ.L
- 1D
- -0.46%
- 1M
- -2.56%
- 6M
- 20.54%
- YTD
- 17.97%
- 1Y
- 32.89%
- 3Y*
- 31.49%
- 5Y*
- 22.29%
- 10Y*
- 25.44%
DPAY.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DPAY.L L&G Digital Payments UCITS ETF USD (Acc) | 2.53% | -7.05% | 14.10% | 20.99% | -31.30% | -15.88% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.97% | 24.49% | 41.63% | 59.85% | -29.07% | 25.89% |
Correlation
The correlation between DPAY.L and XLKQ.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.58 |
The correlation between DPAY.L and XLKQ.L shifts across timeframes, from 0.39 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DPAY.L vs. XLKQ.L — Risk / Return Rank
DPAY.L
XLKQ.L
DPAY.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) 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.
| DPAY.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.95 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.38 | 5.35 | -5.73 |
Loading charts...
Drawdowns
DPAY.L vs. XLKQ.L - Drawdown Comparison
The maximum DPAY.L drawdown since its inception was -50.59%, 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 DPAY.L and XLKQ.L.
Loading charts...
Drawdown Indicators
| DPAY.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -39.80% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.54% | -16.81% | -10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -26.96% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -50.27% | -35.00% | -15.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -28.35% | -7.48% | -20.87% |
Average DrawdownAverage peak-to-trough decline | -31.89% | -9.18% | -22.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 6.13% | +9.10% |
Volatility
DPAY.L vs. XLKQ.L - Volatility Comparison
L&G Digital Payments UCITS ETF USD (Acc) (DPAY.L) has a higher volatility of 8.80% compared to Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) at 7.47%. This indicates that DPAY.L's price experiences larger fluctuations and is considered to be riskier than XLKQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DPAY.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 7.47% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 17.08% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 21.52% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.18% | 27.46% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.88% | 23.97% | +1.91% |
DPAY.L vs. XLKQ.L - Expense Ratio Comparison
DPAY.L has a 0.49% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.
Dividends
DPAY.L vs. XLKQ.L - Dividend Comparison
Neither DPAY.L nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
DPAY.L and XLKQ.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.49% for DPAY.L.
DPAY.L tracks Solactive Digital Payments Index NTR, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.49% for DPAY.L and 0.14% for XLKQ.L.
Find the right allocation for DPAY.L and XLKQ.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer