SGLS.L vs. XLKS.L
SGLS.L (Invesco Physical Gold GBP Hedged ETC) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both exchange-traded funds - SGLS.L is a Precious Metals fund tracking the Gold (GBP Hedged), while XLKS.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, SGLS.L returned 17.34%/yr vs 26.61%/yr for XLKS.L. At a correlation of -0.02, they often move in opposite directions. SGLS.L charges 0.34%/yr vs 0.14%/yr for XLKS.L.
Performance
SGLS.L vs. XLKS.L - Performance Comparison
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Different Trading Currencies
SGLS.L is traded in GBp, while XLKS.L is traded in USD. To make them comparable, the XLKS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGLS.L achieves a 3.01% return, which is significantly lower than XLKS.L's 24.03% return.
SGLS.L
- 1D
- 0.62%
- 1M
- -2.49%
- YTD
- 3.01%
- 6M
- 5.20%
- 1Y
- 30.77%
- 3Y*
- 29.59%
- 5Y*
- 17.34%
- 10Y*
- —
XLKS.L
- 1D
- -2.32%
- 1M
- 14.28%
- YTD
- 24.03%
- 6M
- 22.23%
- 1Y
- 54.41%
- 3Y*
- 33.26%
- 5Y*
- 26.61%
- 10Y*
- 27.23%
SGLS.L vs. XLKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGLS.L Invesco Physical Gold GBP Hedged ETC | 3.01% | 64.22% | 24.42% | 11.48% | -1.42% | -4.63% | -3.17% |
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 24.03% | 15.38% | 44.20% | 52.61% | -20.70% | 36.00% | 15.76% |
Correlation
The correlation between SGLS.L and XLKS.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 | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020 | -0.02 |
The correlation between SGLS.L and XLKS.L shifts across timeframes, from -0.04 (3 years) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGLS.L vs. XLKS.L — Risk / Return Rank
SGLS.L
XLKS.L
SGLS.L vs. XLKS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Gold GBP Hedged ETC (SGLS.L) 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.
| SGLS.L | XLKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.20 | -1.49 |
| Martin ratioReturn relative to average drawdown | 4.48 | 8.18 | -3.70 |
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
| SGLS.L | XLKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 2.68 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 1.16 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.10 | -0.20 |
Drawdowns
SGLS.L vs. XLKS.L - Drawdown Comparison
The maximum SGLS.L drawdown since its inception was -21.94%, smaller than the maximum XLKS.L drawdown of -28.80%. Use the drawdown chart below to compare losses from any high point for SGLS.L and XLKS.L.
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Drawdown Indicators
| SGLS.L | XLKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.94% | -28.80% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.93% | -16.92% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.93% | -28.80% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -28.80% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.80% | — |
Current DrawdownCurrent decline from peak | -15.99% | -2.80% | -13.19% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -4.71% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 6.63% | +0.21% |
Volatility
SGLS.L vs. XLKS.L - Volatility Comparison
The current volatility for Invesco Physical Gold GBP Hedged ETC (SGLS.L) is 6.40%, while Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a volatility of 7.55%. This indicates that SGLS.L 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
| SGLS.L | XLKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 7.55% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 21.65% | 15.35% | +6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.68% | 20.23% | +4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 23.02% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 22.09% | -3.80% |
SGLS.L vs. XLKS.L - Expense Ratio Comparison
SGLS.L has a 0.34% expense ratio, which is higher than XLKS.L's 0.14% expense ratio.
Dividends
SGLS.L vs. XLKS.L - Dividend Comparison
Neither SGLS.L nor XLKS.L has paid dividends to shareholders.
Frequently Asked Questions
SGLS.L and XLKS.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.
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 0.34% for SGLS.L.
SGLS.L is categorized as Precious Metals, while XLKS.L is Technology Equities. SGLS.L tracks Gold (GBP Hedged), while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. Their fees differ too: 0.34% for SGLS.L and 0.14% for XLKS.L.
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