PUIP.L vs. XLKQ.L
PUIP.L (Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - PUIP.L is a Corporate Bonds fund tracking the Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged, 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, PUIP.L returned -0.67%/yr vs 22.68%/yr for XLKQ.L. At a 0.13 correlation, their price movements are largely independent. PUIP.L charges 0.12%/yr vs 0.14%/yr for XLKQ.L.
Performance
PUIP.L vs. XLKQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, PUIP.L achieves a -0.60% return, which is significantly lower than XLKQ.L's 17.29% return.
PUIP.L
- 1D
- 0.01%
- 1M
- -1.05%
- 6M
- -0.71%
- YTD
- -0.60%
- 1Y
- 4.01%
- 3Y*
- 4.25%
- 5Y*
- -0.67%
- 10Y*
- —
XLKQ.L
- 1D
- -1.59%
- 1M
- -3.44%
- 6M
- 19.70%
- YTD
- 17.29%
- 1Y
- 31.37%
- 3Y*
- 30.04%
- 5Y*
- 22.68%
- 10Y*
- 25.10%
PUIP.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | -0.60% | 7.40% | 1.97% | 6.75% | -16.40% | -1.56% | 7.62% | 0.89% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.29% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 3.03% |
Correlation
The correlation between PUIP.L and XLKQ.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.13 |
The correlation between PUIP.L and XLKQ.L shifts across timeframes, from 0.09 (3 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PUIP.L vs. XLKQ.L — Risk / Return Rank
PUIP.L
XLKQ.L
PUIP.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.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.
| PUIP.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.86 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.81 | 4.56 | -0.75 |
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Drawdowns
PUIP.L vs. XLKQ.L - Drawdown Comparison
The maximum PUIP.L drawdown since its inception was -22.48%, smaller than the maximum XLKQ.L drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for PUIP.L and XLKQ.L.
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Drawdown Indicators
| PUIP.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.48% | -38.43% | +15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -16.76% | +13.78% |
Max Drawdown (3Y)Largest decline over 3 years | -5.86% | -28.74% | +22.88% |
Max Drawdown (5Y)Largest decline over 5 years | -22.43% | -28.74% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -4.38% | -7.95% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -8.06% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 6.87% | -5.87% |
Volatility
PUIP.L vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged (PUIP.L) is 1.09%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.47%. This indicates that PUIP.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.
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Volatility by Period
| PUIP.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 7.47% | -6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 16.46% | -12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 21.19% | -16.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.08% | 26.43% | -19.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.99% | 23.45% | -15.46% |
PUIP.L vs. XLKQ.L - Expense Ratio Comparison
PUIP.L has a 0.12% expense ratio, which is lower than XLKQ.L's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PUIP.L vs. XLKQ.L - Dividend Comparison
PUIP.L's dividend yield for the trailing twelve months is around 4.99%, while XLKQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PUIP.L Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged | 4.99% | 4.72% | 4.73% | 4.00% | 2.99% | 2.31% | 2.85% |
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% |
Frequently Asked Questions
PUIP.L and XLKQ.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIP.L is cheaper with a 0.12% expense ratio, compared with 0.14% for XLKQ.L.
PUIP.L is categorized as Corporate Bonds, while XLKQ.L is Technology Equities. PUIP.L tracks Invesco USD IG Corporate Bond ESG Climate Transition UCITS ETF GBP Hedged, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. Their fees differ too: 0.12% for PUIP.L and 0.14% for XLKQ.L.
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