SPLG.L vs. XLKQ.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - SPLG.L is a Global Equities fund tracking the Invesco S&P 500 Low Volatility UCITS ETF Accumulation, 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 5 years, SPLG.L returned 6.17%/yr vs 22.68%/yr for XLKQ.L. At a 0.14 correlation, their price movements are largely independent.
Performance
SPLG.L vs. XLKQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than XLKQ.L's 17.29% return.
SPLG.L
- 1D
- -0.07%
- 1M
- 1.73%
- 6M
- 5.03%
- YTD
- 6.03%
- 1Y
- 6.15%
- 3Y*
- 7.28%
- 5Y*
- 6.17%
- 10Y*
- —
XLKQ.L
- 1D
- -1.59%
- 1M
- -3.44%
- 6M
- 19.70%
- YTD
- 17.29%
- 1Y
- 31.37%
- 3Y*
- 30.04%
- 5Y*
- 22.68%
- 10Y*
- 25.10%
SPLG.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 15.31% | -5.86% | 6.95% | -18.01% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.29% | 15.76% | 44.03% | 51.84% | -20.58% | 16.80% |
Correlation
The correlation between SPLG.L and XLKQ.L is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.14 |
The correlation between SPLG.L and XLKQ.L shifts across timeframes, from -0.28 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. XLKQ.L — Risk / Return Rank
SPLG.L
XLKQ.L
SPLG.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.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.
| SPLG.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.86 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.18 | 4.56 | -2.37 |
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Drawdowns
SPLG.L vs. XLKQ.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, smaller than the maximum XLKQ.L drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for SPLG.L and XLKQ.L.
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Drawdown Indicators
| SPLG.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -38.43% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -16.76% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -28.74% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -28.74% | +8.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.74% | — |
Current DrawdownCurrent decline from peak | -2.88% | -7.95% | +5.07% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -8.06% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 6.87% | -3.66% |
Volatility
SPLG.L vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) is 3.50%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.47%. This indicates that SPLG.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
| SPLG.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 7.47% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 16.46% | -8.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 21.19% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 26.43% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 23.45% | -0.96% |
Dividends
SPLG.L vs. XLKQ.L - Dividend Comparison
Neither SPLG.L nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and XLKQ.L have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLG.L is categorized as Global Equities, while XLKQ.L is Technology Equities. SPLG.L tracks Invesco S&P 500 Low Volatility UCITS ETF Accumulation, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index.
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