IUQF.L vs. XLKQ.L

Last updated Jul 21, 2026

IUQF.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD (Acc)) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - IUQF.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, 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 5 years, IUQF.L returned 11.54%/yr vs 22.20%/yr for XLKQ.L. A 0.80 correlation means they provide meaningful diversification when combined. IUQF.L charges 0.20%/yr vs 0.14%/yr for XLKQ.L.

Performance

IUQF.L vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Quality Factor UCITS ETF USD (Acc) (IUQF.L) 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.

Returns By Period

In the year-to-date period, IUQF.L achieves a 9.58% return, which is significantly lower than XLKQ.L's 16.15% return.

IUQF.L

• 1D: 0.04%
• 1M: -0.55%
• 6M: 8.62%
• YTD: 9.58%
• 1Y: 19.40%
• 3Y*: 15.66%
• 5Y*: 11.54%
• 10Y*: —
• ALL TIME*: 10.87%

XLKQ.L

• 1D: 1.18%
• 1M: -5.66%
• 6M: 19.21%
• YTD: 16.15%
• 1Y: 29.95%
• 3Y*: 28.96%
• 5Y*: 22.20%
• 10Y*: 24.64%
• ALL TIME*: 17.82%

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

IUQF.L vs. XLKQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUQF.L iShares Edge MSCI USA Quality Factor UCITS ETF USD (Acc)	9.58%	4.83%	24.33%	23.81%	-11.33%	29.25%	12.16%	29.08%	-2.19%	-8.50%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	16.15%	15.76%	44.03%	51.84%	-20.58%	36.28%	37.93%	44.38%	2.54%	21.82%

Correlation

The correlation between IUQF.L and XLKQ.L is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016	0.80

The correlation between IUQF.L and XLKQ.L shifts across timeframes, from 0.67 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

IUQF.L vs. XLKQ.L - Sectors Allocation Comparison

Sectors	IUQF.L	XLKQ.L
Technology	38.9%	91.2%
Financial Services	11.4%	7.3%
Communication Services	10.9%	-
Consumer Cyclical	9.1%	-
Healthcare	9.0%	-
Industrials	7.4%	1.5%
Consumer Defensive	4.3%	-
Energy	3.1%	-
Utilities	2.1%	-
Basic Materials	1.9%	-
Real Estate	1.8%	-

Return for Risk

IUQF.L vs. XLKQ.L — Risk / Return Rank

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

IUQF.L

IUQF.L Risk / Return Rank: 78
IUQF.L Sharpe Ratio Rank: 78
IUQF.L Sortino Ratio Rank: 77
IUQF.L Omega Ratio Rank: 77
IUQF.L Calmar Ratio Rank: 77
IUQF.L Martin Ratio Rank: 79

XLKQ.L

XLKQ.L Risk / Return Rank: 48
XLKQ.L Sharpe Ratio Rank: 56
XLKQ.L Sortino Ratio Rank: 52
XLKQ.L Omega Ratio Rank: 51
XLKQ.L Calmar Ratio Rank: 46
XLKQ.L Martin Ratio Rank: 38

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD (Acc) (IUQF.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.

	IUQF.L	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.42	+0.46
Sortino ratio: Return per unit of downside risk	2.59	1.95	+0.64
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	2.91	1.78	+1.13
Martin ratio: Return relative to average drawdown	10.83	4.31	+6.52

IUQF.L vs. XLKQ.L - Sharpe Ratio Comparison

The current IUQF.L Sharpe Ratio is 1.87, which is higher than the XLKQ.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IUQF.L 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.

Drawdowns

IUQF.L vs. XLKQ.L - Drawdown Comparison

The maximum IUQF.L drawdown since its inception was -25.74%, smaller than the maximum XLKQ.L drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for IUQF.L and XLKQ.L.

Drawdown Indicators

	IUQF.L	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.74%	-38.43%	+12.69%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-16.76%	+10.12%
Max Drawdown (3Y) Largest decline over 3 years	-20.67%	-28.74%	+8.07%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	-28.74%	+8.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.74%	—
Current Drawdown Current decline from peak	-2.08%	-8.84%	+6.76%
Average Drawdown Average peak-to-trough decline	-7.45%	-8.07%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	6.94%	-5.15%

Volatility

IUQF.L vs. XLKQ.L - Volatility Comparison

The current volatility for iShares Edge MSCI USA Quality Factor UCITS ETF USD (Acc) (IUQF.L) is 3.26%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.37%. This indicates that IUQF.L 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

	IUQF.L	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	7.37%	-4.11%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	16.30%	-9.14%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	21.11%	-10.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.23%	26.43%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.57%	23.46%	+5.11%

IUQF.L vs. XLKQ.L - Expense Ratio Comparison

IUQF.L has a 0.20% expense ratio, which is higher than XLKQ.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

IUQF.L vs. XLKQ.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IUQF.L and XLKQ.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUQF.L 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, IUQF.L or XLKQ.L?

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.20% for IUQF.L.

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

IUQF.L is categorized as Large Cap Blend Equities, while XLKQ.L is Technology Equities. IUQF.L tracks Russell 1000 TR USD, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUQF.L and 0.14% for XLKQ.L.