IGDA.L vs. XLES.L

Last updated Jun 5, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and XLES.L (Invesco Energy S&P US Select Sector UCITS ETF Acc) are both exchange-traded funds - IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index, while XLES.L is a Energy Equities fund tracking the S&P® Select Sector Capped 20% Energy Index. Both are passively managed. Over the past 3 years, IGDA.L returned 21.23%/yr vs 17.04%/yr for XLES.L. At a 0.19 correlation, their price movements are largely independent. IGDA.L charges 0.40%/yr vs 0.14%/yr for XLES.L.

Performance

IGDA.L vs. XLES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGDA.L achieves a 15.04% return, which is significantly lower than XLES.L's 31.08% return.

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

XLES.L

• 1D: -0.33%
• 1M: -1.17%
• YTD: 31.08%
• 6M: 29.05%
• 1Y: 45.84%
• 3Y*: 17.04%
• 5Y*: 20.00%
• 10Y*: 9.33%

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

IGDA.L vs. XLES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%
XLES.L Invesco Energy S&P US Select Sector UCITS ETF Acc	31.08%	8.75%	3.30%	0.37%	36.23%

Correlation

The correlation between IGDA.L and XLES.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.19

The correlation between IGDA.L and XLES.L shifts across timeframes, from -0.15 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

IGDA.L vs. XLES.L - Sectors Allocation Comparison

Sectors	IGDA.L	XLES.L
Technology	41.4%	-
Healthcare	11.3%	-
Consumer Cyclical	10.8%	-
Industrials	10.8%	-
Communication Services	9.4%	-
Consumer Defensive	4.7%	-
Basic Materials	4.7%	-
Energy	3.6%	100.0%
Financial Services	2.1%	-
Real Estate	1.0%	-
Utilities	0.3%	-

Return for Risk

IGDA.L vs. XLES.L — Risk / Return Rank

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

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

XLES.L

XLES.L Risk / Return Rank: 62
XLES.L Sharpe Ratio Rank: 65
XLES.L Sortino Ratio Rank: 57
XLES.L Omega Ratio Rank: 59
XLES.L Calmar Ratio Rank: 68
XLES.L Martin Ratio Rank: 60

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.

IGDA.L vs. XLES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.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.

	IGDA.L	XLES.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.13	+0.34
Sortino ratio: Return per unit of downside risk	3.51	2.68	+0.83
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	3.57	3.36	+0.21
Martin ratio: Return relative to average drawdown	15.24	10.46	+4.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGDA.L vs. XLES.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 2.47, which is comparable to the XLES.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of IGDA.L and XLES.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

	IGDA.L	XLES.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.13	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.28	+0.56

Drawdowns

IGDA.L vs. XLES.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -24.18%, smaller than the maximum XLES.L drawdown of -72.10%. Use the drawdown chart below to compare losses from any high point for IGDA.L and XLES.L.

Drawdown Indicators

	IGDA.L	XLES.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-72.10%	+47.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-13.59%	+3.88%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-21.36%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.55%	—
Current Drawdown Current decline from peak	-1.17%	-6.34%	+5.17%
Average Drawdown Average peak-to-trough decline	-5.19%	-20.42%	+15.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	4.37%	-2.09%

Volatility

IGDA.L vs. XLES.L - Volatility Comparison

The current volatility for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) is 4.65%, while Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) has a volatility of 8.15%. This indicates that IGDA.L experiences smaller price fluctuations and is considered to be less risky than XLES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	XLES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	8.15%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	18.13%	-7.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	21.51%	-7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	26.88%	-8.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	28.92%	-10.28%

IGDA.L vs. XLES.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than XLES.L's 0.14% expense ratio.

Dividends

IGDA.L vs. XLES.L - Dividend Comparison

Neither IGDA.L nor XLES.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGDA.L and XLES.L in my portfolio?

IGDA.L and XLES.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or XLES.L?

On fees, XLES.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGDA.L or XLES.L?

XLES.L is cheaper with a 0.14% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and XLES.L?

IGDA.L is categorized as Global Equities, while XLES.L is Energy Equities. IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while XLES.L tracks S&P® Select Sector Capped 20% Energy Index. Their fees differ too: 0.40% for IGDA.L and 0.14% for XLES.L.