SHLD.L vs. XLKQ.L
SHLD.L (iShares Digital Security UCITS ETF USD Dist) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both Technology Equities funds - SHLD.L tracks the iShares Digital Security UCITS ETF USD Dist while XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 5 years, SHLD.L returned 9.32%/yr vs 22.29%/yr for XLKQ.L. A 0.75 correlation means they provide meaningful diversification when combined. SHLD.L charges 0.40%/yr vs 0.14%/yr for XLKQ.L.
Performance
SHLD.L vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
SHLD.L is traded in USD, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SHLD.L having a 17.77% return and XLKQ.L slightly higher at 17.97%.
SHLD.L
- 1D
- 0.11%
- 1M
- 3.71%
- 6M
- 17.56%
- YTD
- 17.77%
- 1Y
- 25.07%
- 3Y*
- 19.63%
- 5Y*
- 9.32%
- 10Y*
- —
XLKQ.L
- 1D
- -0.46%
- 1M
- -2.56%
- 6M
- 20.54%
- YTD
- 17.97%
- 1Y
- 32.89%
- 3Y*
- 31.49%
- 5Y*
- 22.29%
- 10Y*
- 25.44%
SHLD.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD Dist | 17.77% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.97% | 24.49% | 41.63% | 59.85% | -29.07% | 35.05% | 42.15% | 50.17% | -8.24% |
Correlation
The correlation between SHLD.L and XLKQ.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.75 |
The correlation between SHLD.L and XLKQ.L shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHLD.L vs. XLKQ.L — Risk / Return Rank
SHLD.L
XLKQ.L
SHLD.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD Dist (SHLD.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.
| SHLD.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.95 | +0.28 |
| Martin ratioReturn relative to average drawdown | 4.84 | 5.35 | -0.51 |
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Drawdowns
SHLD.L vs. XLKQ.L - Drawdown Comparison
The maximum SHLD.L drawdown since its inception was -36.07%, smaller than the maximum XLKQ.L drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for SHLD.L and XLKQ.L.
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Drawdown Indicators
| SHLD.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -39.80% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -11.40% | -16.81% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -22.72% | -26.96% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -35.00% | -1.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -4.38% | -7.48% | +3.10% |
Average DrawdownAverage peak-to-trough decline | -9.27% | -9.18% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 6.13% | -0.86% |
Volatility
SHLD.L vs. XLKQ.L - Volatility Comparison
iShares Digital Security UCITS ETF USD Dist (SHLD.L) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) have volatilities of 7.42% and 7.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHLD.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 7.47% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 17.08% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 21.52% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 27.46% | -6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 23.97% | -2.74% |
SHLD.L vs. XLKQ.L - Expense Ratio Comparison
SHLD.L has a 0.40% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.
Dividends
SHLD.L vs. XLKQ.L - Dividend Comparison
SHLD.L's dividend yield for the trailing twelve months is around 0.35%, while XLKQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD Dist | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
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% |
Frequently Asked Questions
SHLD.L and XLKQ.L have a correlation of 0.63, 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 0.40% for SHLD.L.
SHLD.L tracks iShares Digital Security UCITS ETF USD Dist, 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: 0.40% for SHLD.L and 0.14% for XLKQ.L.
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