PHGP.L vs. XLKQ.L

Last updated Jun 5, 2026

PHGP.L (WisdomTree Physical Gold) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - PHGP.L is a Precious Metals fund tracking the Gold, 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, PHGP.L returned 14.02%/yr vs 27.22%/yr for XLKQ.L. At a 0.03 correlation, their price movements are largely independent. PHGP.L charges 0.39%/yr vs 0.14%/yr for XLKQ.L.

Performance

PHGP.L vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Physical Gold (PHGP.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, PHGP.L achieves a 3.81% return, which is significantly lower than XLKQ.L's 23.81% return. Over the past 10 years, PHGP.L has underperformed XLKQ.L with an annualized return of 14.02%, while XLKQ.L has yielded a comparatively higher 27.22% annualized return.

PHGP.L

• 1D: 0.71%
• 1M: -1.41%
• YTD: 3.81%
• 6M: 5.28%
• 1Y: 33.28%
• 3Y*: 27.79%
• 5Y*: 19.54%
• 10Y*: 14.02%

XLKQ.L

• 1D: -2.23%
• 1M: 14.41%
• YTD: 23.81%
• 6M: 22.31%
• 1Y: 54.52%
• 3Y*: 33.18%
• 5Y*: 26.60%
• 10Y*: 27.22%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHGP.L WisdomTree Physical Gold	3.81%	53.14%	27.85%	6.97%	11.52%	-3.11%	19.74%	14.47%	4.18%	1.55%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	23.81%	15.76%	44.03%	51.84%	-20.58%	36.28%	37.93%	44.63%	0.92%	23.56%

Correlation

The correlation between PHGP.L and XLKQ.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jul 9, 2014	0.03

The correlation between PHGP.L and XLKQ.L shifts across timeframes, from -0.04 (5 years) to 0.06 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

PHGP.L

PHGP.L Risk / Return Rank: 39
PHGP.L Sharpe Ratio Rank: 42
PHGP.L Sortino Ratio Rank: 37
PHGP.L Omega Ratio Rank: 46
PHGP.L Calmar Ratio Rank: 39
PHGP.L Martin Ratio Rank: 34

XLKQ.L

XLKQ.L Risk / Return Rank: 73
XLKQ.L Sharpe Ratio Rank: 86
XLKQ.L Sortino Ratio Rank: 81
XLKQ.L Omega Ratio Rank: 78
XLKQ.L Calmar Ratio Rank: 66
XLKQ.L Martin Ratio Rank: 51

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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Physical Gold (PHGP.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.

	PHGP.L	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.83	-1.39
Sortino ratio: Return per unit of downside risk	1.88	3.59	-1.72
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio: Return relative to maximum drawdown	1.89	3.24	-1.34
Martin ratio: Return relative to average drawdown	4.96	8.42	-3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PHGP.L Sharpe Ratio is 1.44, which is lower than the XLKQ.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of PHGP.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

	PHGP.L	XLKQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	2.83	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	1.21	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	1.33	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.33	-0.66

Drawdowns

PHGP.L vs. XLKQ.L - Drawdown Comparison

The maximum PHGP.L drawdown since its inception was -42.06%, which is greater than XLKQ.L's maximum drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for PHGP.L and XLKQ.L.

Drawdown Indicators

	PHGP.L	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.06%	-28.74%	-13.32%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-16.76%	-0.73%
Max Drawdown (3Y) Largest decline over 3 years	-17.49%	-28.74%	+11.25%
Max Drawdown (5Y) Largest decline over 5 years	-17.49%	-28.74%	+11.25%
Max Drawdown (10Y) Largest decline over 10 years	-22.37%	-28.74%	+6.37%
Current Drawdown Current decline from peak	-16.07%	-2.84%	-13.23%
Average Drawdown Average peak-to-trough decline	-13.50%	-5.04%	-8.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.69%	6.45%	+0.24%

Volatility

PHGP.L vs. XLKQ.L - Volatility Comparison

The current volatility for WisdomTree Physical Gold (PHGP.L) is 5.10%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 6.83%. This indicates that PHGP.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

	PHGP.L	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.10%	6.83%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	19.93%	14.29%	+5.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.05%	19.18%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.21%	22.04%	-5.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	21.65%	-5.85%

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

PHGP.L has a 0.39% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

PHGP.L vs. XLKQ.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

PHGP.L and XLKQ.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.39% for PHGP.L.

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

PHGP.L is categorized as Precious Metals, while XLKQ.L is Technology Equities. PHGP.L tracks Gold, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.39% for PHGP.L and 0.14% for XLKQ.L.