PortfoliosLab logoPortfoliosLab logo
FXB vs. XLK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FXB vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares® British Pound Sterling Trust (FXB) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FXB achieves a -1.17% return, which is significantly lower than XLK's 28.25% return. Over the past 10 years, FXB has underperformed XLK with an annualized return of 0.48%, while XLK has yielded a comparatively higher 25.48% annualized return.


FXB

1D
-0.37%
1M
-1.63%
YTD
-1.17%
6M
-1.24%
1Y
-0.33%
3Y*
4.05%
5Y*
0.79%
10Y*
0.48%

XLK

1D
-4.14%
1M
2.23%
YTD
28.25%
6M
26.51%
1Y
52.47%
3Y*
30.61%
5Y*
21.34%
10Y*
25.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FXB vs. XLK - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FXB
Invesco CurrencyShares® British Pound Sterling Trust
-1.17%10.37%1.35%8.58%-10.45%-1.54%2.87%3.87%-5.75%9.10%
XLK
State Street Technology Select Sector SPDR ETF
28.25%24.61%21.63%56.02%-27.73%34.74%43.62%49.86%-1.68%34.26%

Correlation

The correlation between FXB and XLK is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2006

0.20

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

FXB vs. XLK — Risk / Return Rank

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

FXB
FXB Risk / Return Rank: 88
Overall Rank
FXB Sharpe Ratio Rank: 88
Sharpe Ratio Rank
FXB Sortino Ratio Rank: 77
Sortino Ratio Rank
FXB Omega Ratio Rank: 77
Omega Ratio Rank
FXB Calmar Ratio Rank: 88
Calmar Ratio Rank
FXB Martin Ratio Rank: 88
Martin Ratio Rank

XLK
XLK Risk / Return Rank: 6666
Overall Rank
XLK Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 6161
Sortino Ratio Rank
XLK Omega Ratio Rank: 6464
Omega Ratio Rank
XLK Calmar Ratio Rank: 6868
Calmar Ratio Rank
XLK Martin Ratio Rank: 6161
Martin Ratio Rank
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.

FXB vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) and State Street Technology Select Sector SPDR ETF (XLK). 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.


FXBXLKDifference
Sharpe ratioReturn per unit of total volatility

-2.30

Sortino ratioReturn per unit of downside risk

-2.80

Omega ratioGain probability vs. loss probability

1.00

1.38

-0.38

Calmar ratioReturn relative to maximum drawdown

-0.07

3.31

-3.38

Martin ratioReturn relative to average drawdown

-0.15

10.56

-10.71

FXB vs. XLK - Sharpe Ratio Comparison

The current FXB Sharpe Ratio is -0.05, which is lower than the XLK Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of FXB and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


Loading charts...

Drawdowns

FXB vs. XLK - Drawdown Comparison

The maximum FXB drawdown since its inception was -48.99%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FXB and XLK.


Loading charts...

Drawdown Indicators


FXBXLKDifference

Max Drawdown

Largest peak-to-trough decline

-48.99%

-82.05%

+33.06%

Max Drawdown (1Y)

Largest decline over 1 year

-4.53%

-15.92%

+11.39%

Max Drawdown (3Y)

Largest decline over 3 years

-8.44%

-25.66%

+17.22%

Max Drawdown (5Y)

Largest decline over 5 years

-23.61%

-33.56%

+9.95%

Max Drawdown (10Y)

Largest decline over 10 years

-26.11%

-33.56%

+7.45%

Current Drawdown

Current decline from peak

-30.64%

-6.96%

-23.68%

Average Drawdown

Average peak-to-trough decline

-27.54%

-34.90%

+7.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.25%

4.98%

-2.73%

Volatility

FXB vs. XLK - Volatility Comparison

The current volatility for Invesco CurrencyShares® British Pound Sterling Trust (FXB) is 1.62%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 12.51%. This indicates that FXB experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


Loading charts...

Volatility by Period


FXBXLKDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.62%

12.51%

-10.89%

Volatility (6M)

Calculated over the trailing 6-month period

4.90%

19.70%

-14.80%

Volatility (1Y)

Calculated over the trailing 1-year period

6.57%

23.48%

-16.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.48%

25.37%

-16.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.87%

24.71%

-15.84%

FXB vs. XLK - Expense Ratio Comparison

FXB has a 0.40% expense ratio, which is higher than XLK's 0.08% expense ratio.


Dividends

FXB vs. XLK - Dividend Comparison

FXB's dividend yield for the trailing twelve months is around 2.24%, more than XLK's 0.43% yield.


PositionTTM20252024202320222021202020192018201720162015
FXB
Invesco CurrencyShares® British Pound Sterling Trust
2.24%2.44%3.25%2.59%0.29%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XLK
State Street Technology Select Sector SPDR ETF
0.43%0.54%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%

Frequently Asked Questions


FXB and XLK have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XLK has higher volatility (12.51%) compared to FXB (1.62%). In terms of maximum drawdown, FXB dropped -48.99% vs XLK's -82.05%.

On 10-year performance, XLK leads with 25.48% vs 0.48% for FXB. On fees, XLK is cheaper at 0.08% per year. On volatility, FXB has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLK has performed better with a 25.48% return vs 0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLK is cheaper with a 0.08% expense ratio, compared with 0.40% for FXB.

FXB has the higher dividend yield at 2.24%, compared with 0.43% for XLK.

FXB is categorized as Currency, while XLK is Technology Equities. FXB tracks British Pound, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.40% for FXB and 0.08% for XLK.

XLK currently has the higher Sharpe Ratio (2.25 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for FXB and XLK

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