IUIT.L vs. XLKS.L

Last updated Jun 5, 2026

IUIT.L (iShares S&P 500 Information Technology Sector UCITS ETF) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both Technology Equities funds - IUIT.L tracks the S&P 500 Capped 35/20 Information Technology Index while XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, IUIT.L returned 26.33%/yr vs 26.28%/yr for XLKS.L. With a 0.95 correlation, they move nearly in lockstep. IUIT.L charges 0.15%/yr vs 0.14%/yr for XLKS.L.

Performance

IUIT.L vs. XLKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IUIT.L having a 23.04% return and XLKS.L slightly higher at 23.53%. Both investments have delivered pretty close results over the past 10 years, with IUIT.L having a 26.33% annualized return and XLKS.L not far behind at 26.28%.

IUIT.L

• 1D: -2.11%
• 1M: 13.14%
• YTD: 23.04%
• 6M: 22.75%
• 1Y: 51.87%
• 3Y*: 34.42%
• 5Y*: 24.18%
• 10Y*: 26.33%

XLKS.L

• 1D: -2.32%
• 1M: 13.24%
• YTD: 23.53%
• 6M: 23.08%
• 1Y: 52.93%
• 3Y*: 36.69%
• 5Y*: 25.25%
• 10Y*: 26.28%

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

IUIT.L vs. XLKS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF	23.04%	22.93%	38.51%	59.45%	-29.15%	34.09%	43.14%	48.90%	-1.41%	38.43%
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc	23.53%	24.23%	41.72%	60.64%	-29.12%	34.73%	42.78%	48.83%	-2.51%	33.27%

Correlation

The correlation between IUIT.L and XLKS.L is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Dec 7, 2015	0.95

The correlation between IUIT.L and XLKS.L has been stable across timeframes, ranging from 0.95 to 1.00 - a consistent structural relationship.

IUIT.L vs. XLKS.L - Sectors Allocation Comparison

Sectors	IUIT.L	XLKS.L
Technology	99.6%	91.2%
Energy	0.1%	-
Industrials	0.0%	1.5%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	7.3%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

IUIT.L vs. XLKS.L — Risk / Return Rank

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

IUIT.L

IUIT.L Risk / Return Rank: 68
IUIT.L Sharpe Ratio Rank: 80
IUIT.L Sortino Ratio Rank: 76
IUIT.L Omega Ratio Rank: 70
IUIT.L Calmar Ratio Rank: 62
IUIT.L Martin Ratio Rank: 53

XLKS.L

XLKS.L Risk / Return Rank: 70
XLKS.L Sharpe Ratio Rank: 81
XLKS.L Sortino Ratio Rank: 77
XLKS.L Omega Ratio Rank: 72
XLKS.L Calmar Ratio Rank: 63
XLKS.L Martin Ratio Rank: 55

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.

IUIT.L vs. XLKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.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.

	IUIT.L	XLKS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.55	2.61	-0.06
Sortino ratio: Return per unit of downside risk	3.36	3.43	-0.07
Omega ratio: Gain probability vs. loss probability	1.41	1.42	-0.01
Calmar ratio: Return relative to maximum drawdown	3.03	3.10	-0.07
Martin ratio: Return relative to average drawdown	8.99	9.28	-0.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUIT.L vs. XLKS.L - Sharpe Ratio Comparison

The current IUIT.L Sharpe Ratio is 2.55, which is comparable to the XLKS.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of IUIT.L and XLKS.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

	IUIT.L	XLKS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	2.61	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	1.06	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.20	1.19	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	1.04	+0.12

Drawdowns

IUIT.L vs. XLKS.L - Drawdown Comparison

The maximum IUIT.L drawdown since its inception was -33.46%, roughly equal to the maximum XLKS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IUIT.L and XLKS.L.

Drawdown Indicators

	IUIT.L	XLKS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-34.26%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	-16.99%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-26.40%	-26.97%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-33.46%	-34.26%	+0.80%
Max Drawdown (10Y) Largest decline over 10 years	-33.46%	-34.26%	+0.80%
Current Drawdown Current decline from peak	-3.14%	-3.15%	+0.01%
Average Drawdown Average peak-to-trough decline	-6.02%	-5.09%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	5.69%	+0.07%

Volatility

IUIT.L vs. XLKS.L - Volatility Comparison

iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) have volatilities of 7.49% and 7.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IUIT.L	XLKS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.49%	7.45%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	15.53%	15.54%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.28%	20.19%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.61%	23.80%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.47%	22.04%	+0.43%

IUIT.L vs. XLKS.L - Expense Ratio Comparison

IUIT.L has a 0.15% expense ratio, which is higher than XLKS.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

IUIT.L vs. XLKS.L - Dividend Comparison

Neither IUIT.L nor XLKS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IUIT.L and XLKS.L in my portfolio?

With a correlation of 1.00, IUIT.L and XLKS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IUIT.L or XLKS.L?

On fees, XLKS.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, IUIT.L or XLKS.L?

XLKS.L is cheaper with a 0.14% expense ratio, compared with 0.15% for IUIT.L.

What is the main difference between IUIT.L and XLKS.L?

IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index, while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for IUIT.L and 0.14% for XLKS.L.