SP20.AS vs. XLC
SP20.AS (iShares S&P 500 Top 20 UCITS ETF USD Acc) and XLC (Communication Services Select Sector SPDR Fund) are both exchange-traded funds - SP20.AS is a S&P 500 fund tracking the S&P 500 Top 20 Select 35/20 Capped Index, while XLC is a Large Cap Growth Equities fund tracking the S&P Communication Services Select Sector Index. Both are passively managed. Over the past year, SP20.AS returned 33.00% vs 9.45% for XLC. At a 0.34 correlation, their price movements are largely independent. SP20.AS charges 0.20%/yr vs 0.13%/yr for XLC.
Performance
SP20.AS vs. XLC - Performance Comparison
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Different Trading Currencies
SP20.AS is traded in EUR, while XLC is traded in USD. To make them comparable, the XLC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SP20.AS achieves a 8.73% return, which is significantly higher than XLC's -3.34% return.
SP20.AS
- 1D
- -1.46%
- 1M
- 5.26%
- YTD
- 8.73%
- 6M
- 8.43%
- 1Y
- 33.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLC
- 1D
- -1.10%
- 1M
- -2.77%
- YTD
- -3.34%
- 6M
- -1.48%
- 1Y
- 9.45%
- 3Y*
- 19.15%
- 5Y*
- 9.30%
- 10Y*
- —
SP20.AS vs. XLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc | 8.73% | 19.56% | 5.33% |
XLC Communication Services Select Sector SPDR Fund | -3.34% | 8.47% | 3.86% |
Correlation
The correlation between SP20.AS and XLC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.34 |
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Return for Risk
SP20.AS vs. XLC — Risk / Return Rank
SP20.AS
XLC
SP20.AS vs. XLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) and Communication Services Select Sector SPDR Fund (XLC). 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.
| SP20.AS | XLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.13 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.10 | +1.33 |
| Martin ratioReturn relative to average drawdown | 9.06 | 3.75 | +5.31 |
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
| SP20.AS | XLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 0.70 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.52 | +0.65 |
Drawdowns
SP20.AS vs. XLC - Drawdown Comparison
The maximum SP20.AS drawdown since its inception was -23.48%, smaller than the maximum XLC drawdown of -38.69%. Use the drawdown chart below to compare losses from any high point for SP20.AS and XLC.
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Drawdown Indicators
| SP20.AS | XLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -38.69% | +15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -8.60% | -4.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.69% | — |
Current DrawdownCurrent decline from peak | -1.46% | -5.12% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -8.72% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.53% | +1.08% |
Volatility
SP20.AS vs. XLC - Volatility Comparison
iShares S&P 500 Top 20 UCITS ETF USD Acc (SP20.AS) has a higher volatility of 4.21% compared to Communication Services Select Sector SPDR Fund (XLC) at 3.49%. This indicates that SP20.AS's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SP20.AS | XLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.49% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 9.52% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 13.50% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 20.51% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 22.50% | -3.28% |
SP20.AS vs. XLC - Expense Ratio Comparison
SP20.AS has a 0.20% expense ratio, which is higher than XLC's 0.13% 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
SP20.AS vs. XLC - Dividend Comparison
SP20.AS has not paid dividends to shareholders, while XLC's dividend yield for the trailing twelve months is around 1.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SP20.AS iShares S&P 500 Top 20 UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLC Communication Services Select Sector SPDR Fund | 1.25% | 1.13% | 0.99% | 0.82% | 1.10% | 0.74% | 0.68% | 0.82% | 0.64% |
Frequently Asked Questions
SP20.AS and XLC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLC is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLC is cheaper with a 0.13% expense ratio, compared with 0.20% for SP20.AS.
SP20.AS is categorized as S&P 500, while XLC is Large Cap Growth Equities. SP20.AS tracks S&P 500 Top 20 Select 35/20 Capped Index, while XLC tracks S&P Communication Services Select Sector Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SP20.AS and 0.13% for XLC.
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