INCO vs. XLKQ.L

Last updated Jun 9, 2026

INCO (Columbia India Consumer ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer Index, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, INCO returned 8.31%/yr vs 25.93%/yr for XLKQ.L. At a 0.28 correlation, their price movements are largely independent. INCO charges 0.75%/yr vs 0.14%/yr for XLKQ.L.

Performance

INCO vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia India Consumer ETF (INCO) 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

INCO 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, INCO achieves a -12.41% return, which is significantly lower than XLKQ.L's 19.38% return. Over the past 10 years, INCO has underperformed XLKQ.L with an annualized return of 8.31%, while XLKQ.L has yielded a comparatively higher 25.93% annualized return.

INCO

• 1D: -0.65%
• 1M: -6.27%
• YTD: -12.41%
• 6M: -10.02%
• 1Y: -12.31%
• 3Y*: 6.45%
• 5Y*: 5.53%
• 10Y*: 8.31%

XLKQ.L

• 1D: 0.03%
• 1M: 4.38%
• YTD: 19.38%
• 6M: 17.34%
• 1Y: 47.19%
• 3Y*: 35.41%
• 5Y*: 24.30%
• 10Y*: 25.93%

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

INCO vs. XLKQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INCO Columbia India Consumer ETF	-12.41%	0.59%	12.70%	34.63%	-7.01%	19.28%	14.55%	-4.22%	-10.81%	53.28%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	19.38%	24.49%	41.63%	59.85%	-29.07%	35.05%	42.15%	50.17%	-3.26%	33.42%

Correlation

The correlation between INCO and XLKQ.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Aug 10, 2011	0.28

INCO vs. XLKQ.L - Sectors Allocation Comparison

Sectors	INCO	XLKQ.L
Consumer Cyclical	59.3%	-
Consumer Defensive	37.5%	-
Technology	1.9%	91.2%
Industrials	1.4%	1.5%
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Financial Services	-	7.3%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

INCO vs. XLKQ.L — Risk / Return Rank

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

INCO

INCO Risk / Return Rank: 3
INCO Sharpe Ratio Rank: 3
INCO Sortino Ratio Rank: 3
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 4
INCO Martin Ratio Rank: 1

XLKQ.L

XLKQ.L Risk / Return Rank: 72
XLKQ.L Sharpe Ratio Rank: 85
XLKQ.L Sortino Ratio Rank: 81
XLKQ.L Omega Ratio Rank: 78
XLKQ.L Calmar Ratio Rank: 64
XLKQ.L Martin Ratio Rank: 49

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.

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

This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.

	INCO	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	2.36	-3.09
Sortino ratio: Return per unit of downside risk	-0.99	3.11	-4.10
Omega ratio: Gain probability vs. loss probability	0.89	1.39	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.58	2.79	-3.37
Martin ratio: Return relative to average drawdown	-1.46	8.47	-9.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INCO vs. XLKQ.L - Sharpe Ratio Comparison

The current INCO Sharpe Ratio is -0.73, which is lower than the XLKQ.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of INCO 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.

Sharpe Ratios by Period

	INCO	XLKQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	2.36	-3.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.89	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	1.09	-0.68
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.71	-0.29

Drawdowns

INCO vs. XLKQ.L - Drawdown Comparison

The maximum INCO drawdown since its inception was -47.69%, 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 INCO and XLKQ.L.

Drawdown Indicators

	INCO	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.69%	-39.80%	-7.89%
Max Drawdown (1Y) Largest decline over 1 year	-21.37%	-16.81%	-4.56%
Max Drawdown (3Y) Largest decline over 3 years	-29.98%	-26.96%	-3.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.98%	-35.00%	+5.02%
Max Drawdown (10Y) Largest decline over 10 years	-47.69%	-35.00%	-12.69%
Current Drawdown Current decline from peak	-25.40%	-6.38%	-19.02%
Average Drawdown Average peak-to-trough decline	-10.58%	-9.19%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.47%	5.56%	+2.91%

Volatility

INCO vs. XLKQ.L - Volatility Comparison

The current volatility for Columbia India Consumer ETF (INCO) is 5.50%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.63%. This indicates that INCO 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

	INCO	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	7.63%	-2.13%
Volatility (6M) Calculated over the trailing 6-month period	14.33%	15.32%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.90%	19.95%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	27.22%	-10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.32%	23.87%	-3.55%

INCO vs. XLKQ.L - Expense Ratio Comparison

INCO has a 0.75% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

INCO vs. XLKQ.L - Dividend Comparison

Neither INCO nor XLKQ.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%
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%

Frequently Asked Questions

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

INCO and XLKQ.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INCO or XLKQ.L?

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.

Which ETF is cheaper, INCO or XLKQ.L?

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.75% for INCO.

What is the main difference between INCO and XLKQ.L?

INCO is categorized as Asia Pacific Equities, while XLKQ.L is Technology Equities. INCO tracks Indxx India Consumer Index, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: Ameriprise Financial and Invesco. Their fees differ too: 0.75% for INCO and 0.14% for XLKQ.L.