SPXS.L vs. XLKQ.L
SPXS.L (Invesco S&P 500 UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - SPXS.L is a Global Equities fund tracking the Invesco S&P 500 UCITS ETF, 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, SPXS.L returned -27.39%/yr vs 25.44%/yr for XLKQ.L. A 0.76 correlation means they provide meaningful diversification when combined. SPXS.L charges 0.05%/yr vs 0.14%/yr for XLKQ.L.
Performance
SPXS.L vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
SPXS.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
In the year-to-date period, SPXS.L achieves a 10.20% return, which is significantly lower than XLKQ.L's 17.97% return. Over the past 10 years, SPXS.L has underperformed XLKQ.L with an annualized return of -27.39%, while XLKQ.L has yielded a comparatively higher 25.44% annualized return.
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
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%
SPXS.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -5.19% | 21.62% |
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% | -3.26% | 33.42% |
Correlation
The correlation between SPXS.L and XLKQ.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.76 |
The correlation between SPXS.L and XLKQ.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
SPXS.L vs. XLKQ.L — Risk / Return Rank
SPXS.L
XLKQ.L
SPXS.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.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.
| SPXS.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.52 | 1.26 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 1.95 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.23 | 5.35 | -6.58 |
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Drawdowns
SPXS.L vs. XLKQ.L - Drawdown Comparison
The maximum SPXS.L drawdown since its inception was -99.07%, which is greater than XLKQ.L's maximum drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for SPXS.L and XLKQ.L.
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Drawdown Indicators
| SPXS.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -39.80% | -59.27% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -16.81% | -82.26% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -26.96% | -72.11% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -35.00% | -64.07% |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | -35.00% | -64.07% |
Current DrawdownCurrent decline from peak | -98.90% | -7.48% | -91.42% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -9.18% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.57% | 6.13% | +74.44% |
Volatility
SPXS.L vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXS.L) is 2.73%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.47%. This indicates that SPXS.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
| SPXS.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 7.47% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 17.08% | -7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.43% | 21.52% | +77.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 27.46% | +19.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.27% | 23.97% | +11.30% |
SPXS.L vs. XLKQ.L - Expense Ratio Comparison
SPXS.L has a 0.05% expense ratio, which is lower than XLKQ.L's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPXS.L vs. XLKQ.L - Dividend Comparison
Neither SPXS.L nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
SPXS.L and XLKQ.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.14% for XLKQ.L.
SPXS.L is categorized as Global Equities, while XLKQ.L is Technology Equities. SPXS.L tracks Invesco S&P 500 UCITS ETF, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. Their fees differ too: 0.05% for SPXS.L and 0.14% for XLKQ.L.
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