QDVE.DE vs. XLKS.L
QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both Technology Equities funds - QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index while XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, QDVE.DE returned 26.04%/yr vs 25.54%/yr for XLKS.L. Their correlation of 0.93 suggests significant overlap in exposure. QDVE.DE charges 0.15%/yr vs 0.14%/yr for XLKS.L.
Performance
QDVE.DE vs. XLKS.L - Performance Comparison
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Different Trading Currencies
QDVE.DE is traded in EUR, while XLKS.L is traded in USD. To make them comparable, the XLKS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, QDVE.DE achieves a 24.06% return, which is significantly higher than XLKS.L's 21.56% return. Both investments have delivered pretty close results over the past 10 years, with QDVE.DE having a 26.04% annualized return and XLKS.L not far behind at 25.54%.
QDVE.DE
- 1D
- -2.26%
- 1M
- 8.95%
- YTD
- 24.06%
- 6M
- 21.22%
- 1Y
- 48.40%
- 3Y*
- 30.81%
- 5Y*
- 25.33%
- 10Y*
- 26.04%
XLKS.L
- 1D
- -0.40%
- 1M
- 6.65%
- YTD
- 21.56%
- 6M
- 18.39%
- 1Y
- 45.40%
- 3Y*
- 32.29%
- 5Y*
- 25.65%
- 10Y*
- 25.54%
QDVE.DE vs. XLKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 24.06% | 9.99% | 46.12% | 54.14% | -25.83% | 46.77% | 29.69% | 53.86% | 3.04% | 21.00% |
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 21.56% | 9.49% | 51.08% | 55.82% | -24.73% | 44.80% | 31.01% | 52.19% | 2.07% | 16.89% |
Correlation
The correlation between QDVE.DE and XLKS.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.93 |
The correlation between QDVE.DE and XLKS.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
QDVE.DE vs. XLKS.L — Risk / Return Rank
QDVE.DE
XLKS.L
QDVE.DE vs. XLKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.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.
| QDVE.DE | XLKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.81 | +0.33 |
| Martin ratioReturn relative to average drawdown | 8.31 | 7.42 | +0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDVE.DE | XLKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.17 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | 1.09 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | 1.14 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.05 | +0.02 |
Drawdowns
QDVE.DE vs. XLKS.L - Drawdown Comparison
The maximum QDVE.DE drawdown since its inception was -31.45%, roughly equal to the maximum XLKS.L drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for QDVE.DE and XLKS.L.
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Drawdown Indicators
| QDVE.DE | XLKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.45% | -31.42% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -16.07% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -29.83% | -30.47% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.83% | -30.47% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -31.45% | -31.42% | -0.03% |
Current DrawdownCurrent decline from peak | -3.08% | -5.63% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -5.80% | -5.36% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 6.10% | -0.19% |
Volatility
QDVE.DE vs. XLKS.L - Volatility Comparison
The current volatility for iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) is 7.12%, while Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a volatility of 7.70%. This indicates that QDVE.DE experiences smaller price fluctuations and is considered to be less risky than XLKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVE.DE | XLKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 7.70% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.85% | 15.71% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.42% | 20.87% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.71% | 23.60% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 22.30% | -0.57% |
QDVE.DE vs. XLKS.L - Expense Ratio Comparison
QDVE.DE has a 0.15% expense ratio, which is higher than XLKS.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
QDVE.DE vs. XLKS.L - Dividend Comparison
Neither QDVE.DE nor XLKS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, QDVE.DE and XLKS.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.
On fees, XLKS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKS.L is cheaper with a 0.14% expense ratio, compared with 0.15% for QDVE.DE.
QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index, while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for QDVE.DE and 0.14% for XLKS.L.
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