NXTG.L vs. XLKQ.L

Last updated Jul 18, 2026

NXTG.L (First Trust Indxx NextG UCITS ETF USD (Acc)) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both Technology Equities funds - NXTG.L tracks the Indxx 5G & NextG Thematic Index while XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, NXTG.L returned 6.30%/yr vs 24.67%/yr for XLKQ.L. At a 0.49 correlation, their price movements are largely independent. NXTG.L charges 0.70%/yr vs 0.14%/yr for XLKQ.L.

Performance

NXTG.L vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Indxx NextG UCITS ETF USD (Acc) (NXTG.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, NXTG.L achieves a 33.02% return, which is significantly higher than XLKQ.L's 14.80% return. Over the past 10 years, NXTG.L has underperformed XLKQ.L with an annualized return of 6.30%, while XLKQ.L has yielded a comparatively higher 24.67% annualized return.

NXTG.L

• 1D: -1.06%
• 1M: -8.46%
• 6M: 28.75%
• YTD: 33.02%
• 1Y: 48.28%
• 3Y*: 14.91%
• 5Y*: 8.92%
• 10Y*: 6.30%

XLKQ.L

• 1D: -1.27%
• 1M: -4.52%
• 6M: 15.38%
• YTD: 14.80%
• 1Y: 27.84%
• 3Y*: 29.05%
• 5Y*: 22.16%
• 10Y*: 24.67%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NXTG.L First Trust Indxx NextG UCITS ETF USD (Acc)	33.02%	19.23%	14.96%	0.29%	-24.39%	15.88%	4.17%	8.33%	-27.67%	22.13%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	14.80%	15.76%	44.03%	51.84%	-20.58%	36.28%	37.93%	44.38%	2.54%	21.82%

Correlation

The correlation between NXTG.L and XLKQ.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jun 24, 2015	0.49

Over the past year, NXTG.L and XLKQ.L have become more correlated (0.76) than their long-term average of 0.49, meaning their price movements have been converging.

Return for Risk

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

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

NXTG.L

NXTG.L Risk / Return Rank: 51
NXTG.L Sharpe Ratio Rank: 37
NXTG.L Sortino Ratio Rank: 46
NXTG.L Omega Ratio Rank: 89
NXTG.L Calmar Ratio Rank: 49
NXTG.L Martin Ratio Rank: 35

XLKQ.L

XLKQ.L Risk / Return Rank: 41
XLKQ.L Sharpe Ratio Rank: 46
XLKQ.L Sortino Ratio Rank: 43
XLKQ.L Omega Ratio Rank: 43
XLKQ.L Calmar Ratio Rank: 39
XLKQ.L Martin Ratio Rank: 33

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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG UCITS ETF USD (Acc) (NXTG.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.

	NXTG.L	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.32	-0.29
Sortino ratio: Return per unit of downside risk	1.78	1.84	-0.06
Omega ratio: Gain probability vs. loss probability	1.43	1.23	+0.20
Calmar ratio: Return relative to maximum drawdown	1.89	1.65	+0.24
Martin ratio: Return relative to average drawdown	3.93	4.02	-0.08

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

The current NXTG.L Sharpe Ratio is 1.03, which is comparable to the XLKQ.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of NXTG.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

NXTG.L vs. XLKQ.L - Drawdown Comparison

The maximum NXTG.L drawdown since its inception was -45.94%, 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 NXTG.L and XLKQ.L.

Drawdown Indicators

	NXTG.L	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.94%	-38.43%	-7.51%
Max Drawdown (1Y) Largest decline over 1 year	-25.38%	-16.76%	-8.62%
Max Drawdown (3Y) Largest decline over 3 years	-31.89%	-28.74%	-3.15%
Max Drawdown (5Y) Largest decline over 5 years	-32.91%	-28.74%	-4.17%
Max Drawdown (10Y) Largest decline over 10 years	-45.94%	-28.74%	-17.20%
Current Drawdown Current decline from peak	-13.62%	-9.90%	-3.72%
Average Drawdown Average peak-to-trough decline	-19.85%	-8.07%	-11.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.24%	6.92%	+5.32%

Volatility

NXTG.L vs. XLKQ.L - Volatility Comparison

The current volatility for First Trust Indxx NextG UCITS ETF USD (Acc) (NXTG.L) is 6.64%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.26%. This indicates that NXTG.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

	NXTG.L	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	7.26%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	15.87%	16.42%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	46.86%	21.12%	+25.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.04%	26.43%	+16.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.81%	23.45%	+9.36%

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

NXTG.L has a 0.70% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

NXTG.L vs. XLKQ.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

NXTG.L and XLKQ.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.70% for NXTG.L.

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

NXTG.L tracks Indxx 5G & NextG Thematic Index, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.70% for NXTG.L and 0.14% for XLKQ.L.