NASL.L vs. XLKQ.L

Last updated Jun 9, 2026

NASL.L (Lyxor UCITS Nasdaq-100 D-EUR) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - NASL.L is a Nasdaq-100 fund tracking the Russell 1000 Growth 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 10 years, NASL.L returned 19.37%/yr vs 26.77%/yr for XLKQ.L. A 0.78 correlation means they provide meaningful diversification when combined. NASL.L charges 0.30%/yr vs 0.14%/yr for XLKQ.L.

Performance

NASL.L vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor UCITS Nasdaq-100 D-EUR (NASL.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, NASL.L achieves a 17.60% return, which is significantly lower than XLKQ.L's 20.44% return. Over the past 10 years, NASL.L has underperformed XLKQ.L with an annualized return of 19.37%, while XLKQ.L has yielded a comparatively higher 26.77% annualized return.

NASL.L

• 1D: 0.06%
• 1M: 4.02%
• YTD: 17.60%
• 6M: 15.44%
• 1Y: 38.42%
• 3Y*: 24.92%
• 5Y*: 18.35%
• 10Y*: 19.37%

XLKQ.L

• 1D: -0.03%
• 1M: 6.65%
• YTD: 20.44%
• 6M: 17.20%
• 1Y: 49.26%
• 3Y*: 32.80%
• 5Y*: 25.71%
• 10Y*: 26.77%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NASL.L Lyxor UCITS Nasdaq-100 D-EUR	17.60%	11.71%	28.78%	47.95%	-25.38%	29.78%	43.43%	19.99%	4.55%	16.27%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	20.44%	15.76%	44.03%	51.84%	-20.58%	36.28%	37.93%	44.38%	2.54%	21.82%

Correlation

The correlation between NASL.L and XLKQ.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 17, 2009	0.78

The correlation between NASL.L and XLKQ.L shifts across timeframes, from 0.78 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	NASL.L	XLKQ.L
Technology	53.7%	91.2%
Communication Services	15.8%	-
Consumer Cyclical	12.2%	-
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	3.1%	1.5%
Utilities	1.4%	-
Basic Materials	1.1%	-
Energy	0.6%	-
Financial Services	0.2%	7.3%
Real Estate	0.1%	-

Return for Risk

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

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

NASL.L

NASL.L Risk / Return Rank: 79
NASL.L Sharpe Ratio Rank: 87
NASL.L Sortino Ratio Rank: 85
NASL.L Omega Ratio Rank: 84
NASL.L Calmar Ratio Rank: 76
NASL.L Martin Ratio Rank: 63

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS Nasdaq-100 D-EUR (NASL.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.

	NASL.L	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.53	+0.07
Sortino ratio: Return per unit of downside risk	3.43	3.25	+0.18
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	3.48	2.93	+0.56
Martin ratio: Return relative to average drawdown	10.23	7.59	+2.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current NASL.L Sharpe Ratio is 2.60, which is comparable to the XLKQ.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NASL.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.

Sharpe Ratios by Period

	NASL.L	XLKQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.53	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.98	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	1.14	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.80	-0.07

Drawdowns

NASL.L vs. XLKQ.L - Drawdown Comparison

The maximum NASL.L drawdown since its inception was -41.96%, which is greater than XLKQ.L's maximum drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for NASL.L and XLKQ.L.

Drawdown Indicators

	NASL.L	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.96%	-38.43%	-3.53%
Max Drawdown (1Y) Largest decline over 1 year	-10.98%	-16.76%	+5.78%
Max Drawdown (3Y) Largest decline over 3 years	-24.53%	-28.74%	+4.21%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	-28.74%	+1.25%
Max Drawdown (10Y) Largest decline over 10 years	-27.49%	-28.74%	+1.25%
Current Drawdown Current decline from peak	-2.66%	-5.48%	+2.82%
Average Drawdown Average peak-to-trough decline	-7.35%	-8.08%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	6.47%	-2.72%

Volatility

NASL.L vs. XLKQ.L - Volatility Comparison

The current volatility for Lyxor UCITS Nasdaq-100 D-EUR (NASL.L) is 4.66%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.40%. This indicates that NASL.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

	NASL.L	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	7.40%	-2.74%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	14.52%	-4.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.76%	19.43%	-4.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	26.15%	-5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	23.38%	-2.63%

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

NASL.L has a 0.30% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

NASL.L vs. XLKQ.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NASL.L Lyxor UCITS Nasdaq-100 D-EUR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.69%	0.61%	0.68%
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%

Frequently Asked Questions

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

With a correlation of 0.93, NASL.L and XLKQ.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, NASL.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, NASL.L or XLKQ.L?

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.30% for NASL.L.

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

NASL.L is categorized as Nasdaq-100, while XLKQ.L is Technology Equities. NASL.L tracks Russell 1000 Growth TR USD, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.30% for NASL.L and 0.14% for XLKQ.L.