SDHG.L vs. XLKQ.L
SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - SDHG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield 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, SDHG.L returned 5.66%/yr vs 26.77%/yr for XLKQ.L. At a 0.45 correlation, their price movements are largely independent. SDHG.L charges 0.45%/yr vs 0.14%/yr for XLKQ.L.
Performance
SDHG.L vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
SDHG.L is traded in GBP, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDHG.L achieves a 2.17% return, which is significantly lower than XLKQ.L's 20.44% return. Over the past 10 years, SDHG.L has underperformed XLKQ.L with an annualized return of 5.66%, while XLKQ.L has yielded a comparatively higher 26.77% annualized return.
SDHG.L
- 1D
- 0.32%
- 1M
- 2.24%
- YTD
- 2.17%
- 6M
- 1.78%
- 1Y
- 8.47%
- 3Y*
- 5.37%
- 5Y*
- 5.73%
- 10Y*
- 5.66%
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%
SDHG.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 1.29% | 8.41% | 2.88% | 8.13% | 4.95% | 0.42% | 6.11% | 6.09% | -5.14% |
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 SDHG.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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.45 |
Over the past year, the correlation between SDHG.L and XLKQ.L has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
SDHG.L vs. XLKQ.L — Risk / Return Rank
SDHG.L
XLKQ.L
SDHG.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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.
| SDHG.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.93 | -0.70 |
| Martin ratioReturn relative to average drawdown | 6.78 | 7.59 | -0.81 |
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
| SDHG.L | XLKQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.53 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.98 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 1.14 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.80 | -0.67 |
Drawdowns
SDHG.L vs. XLKQ.L - Drawdown Comparison
The maximum SDHG.L drawdown since its inception was -39.18%, roughly equal to the maximum XLKQ.L drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for SDHG.L and XLKQ.L.
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Drawdown Indicators
| SDHG.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.18% | -38.43% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -16.76% | +12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -8.95% | -28.74% | +19.79% |
Max Drawdown (5Y)Largest decline over 5 years | -11.66% | -28.74% | +17.08% |
Max Drawdown (10Y)Largest decline over 10 years | -12.32% | -28.74% | +16.42% |
Current DrawdownCurrent decline from peak | -0.23% | -5.48% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -8.08% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 6.47% | -5.22% |
Volatility
SDHG.L vs. XLKQ.L - Volatility Comparison
The current volatility for iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) is 1.46%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.40%. This indicates that SDHG.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
| SDHG.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 7.40% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.01% | 14.52% | -10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 19.43% | -13.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.51% | 26.15% | -18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.08% | 23.38% | -14.30% |
SDHG.L vs. XLKQ.L - Expense Ratio Comparison
SDHG.L has a 0.45% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.
Dividends
SDHG.L vs. XLKQ.L - Dividend Comparison
SDHG.L's dividend yield for the trailing twelve months is around 8.25%, while XLKQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 8.25% | 6.56% | 6.32% | 5.63% | 4.24% | 4.19% | 5.08% | 5.39% | 5.41% | 5.60% | 5.32% | 4.92% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SDHG.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, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.45% for SDHG.L.
SDHG.L is categorized as High Yield Bonds, while XLKQ.L is Technology Equities. SDHG.L tracks Bloomberg US Corporate High Yield TR USD, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.45% for SDHG.L and 0.14% for XLKQ.L.
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