SUK2.L vs. XLKQ.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF while XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, SUK2.L returned -16.92%/yr vs 25.10%/yr for XLKQ.L. At a correlation of -0.49, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.14%/yr for XLKQ.L.
Performance
SUK2.L vs. XLKQ.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUK2.L achieves a -11.17% return, which is significantly lower than XLKQ.L's 17.29% return. Over the past 10 years, SUK2.L has underperformed XLKQ.L with an annualized return of -16.92%, while XLKQ.L has yielded a comparatively higher 25.10% annualized return.
SUK2.L
- 1D
- 0.40%
- 1M
- -0.81%
- 6M
- -7.00%
- YTD
- -11.17%
- 1Y
- -26.96%
- 3Y*
- -19.46%
- 5Y*
- -17.40%
- 10Y*
- -16.92%
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%
SUK2.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | -1.17% | -29.96% | 15.40% | -23.23% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.29% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 21.82% |
Correlation
The correlation between SUK2.L and XLKQ.L is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | -0.49 |
Over the past year, the inverse relationship between SUK2.L and XLKQ.L has weakened: their correlation has moved from -0.49 to -0.21, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SUK2.L vs. XLKQ.L — Risk / Return Rank
SUK2.L
XLKQ.L
SUK2.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.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.
| SUK2.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.77 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.25 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.86 | -2.73 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.56 | -5.93 |
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Drawdowns
SUK2.L vs. XLKQ.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, which is greater than XLKQ.L's maximum drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for SUK2.L and XLKQ.L.
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Drawdown Indicators
| SUK2.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -38.43% | -59.95% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -16.76% | -14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -28.74% | -23.88% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -28.74% | -36.63% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | -28.74% | -57.44% |
Current DrawdownCurrent decline from peak | -98.28% | -7.95% | -90.33% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -8.06% | -76.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 6.87% | +12.24% |
Volatility
SUK2.L vs. XLKQ.L - Volatility Comparison
The current volatility for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) is 5.99%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.47%. This indicates that SUK2.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
| SUK2.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 7.47% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 16.46% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 21.19% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 26.43% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 23.45% | +6.53% |
SUK2.L vs. XLKQ.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.
Dividends
SUK2.L vs. XLKQ.L - Dividend Comparison
Neither SUK2.L nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and XLKQ.L have a correlation of -0.21, 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 0.60% for SUK2.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.60% for SUK2.L and 0.14% for XLKQ.L.
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