SVARX vs. XLKQ.L

Last updated Jun 9, 2026

SVARX (Spectrum Low Volatility Fund) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both funds - SVARX is a Nontraditional Bonds fund managed by Advisors Preferred, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Over the past 10 years, SVARX returned 5.98%/yr vs 25.93%/yr for XLKQ.L. At a 0.31 correlation, their price movements are largely independent. SVARX charges 2.34%/yr vs 0.14%/yr for XLKQ.L.

Performance

SVARX vs. XLKQ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spectrum Low Volatility Fund (SVARX) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SVARX 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, SVARX achieves a 1.10% return, which is significantly lower than XLKQ.L's 19.38% return. Over the past 10 years, SVARX has underperformed XLKQ.L with an annualized return of 5.98%, while XLKQ.L has yielded a comparatively higher 25.93% annualized return.

SVARX

• 1D: -0.50%
• 1M: 0.04%
• YTD: 1.10%
• 6M: 2.04%
• 1Y: 5.78%
• 3Y*: 6.73%
• 5Y*: 3.17%
• 10Y*: 5.98%

XLKQ.L

• 1D: 0.03%
• 1M: 4.38%
• YTD: 19.38%
• 6M: 17.34%
• 1Y: 47.19%
• 3Y*: 35.41%
• 5Y*: 24.30%
• 10Y*: 25.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SVARX vs. XLKQ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVARX Spectrum Low Volatility Fund	1.10%	6.22%	2.60%	9.67%	-4.35%	4.10%	19.50%	9.42%	-0.99%	8.25%
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	19.38%	24.49%	41.63%	59.85%	-29.07%	35.05%	42.15%	50.17%	-3.26%	33.42%

Correlation

The correlation between SVARX and XLKQ.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 17, 2013	0.31

Return for Risk

SVARX vs. XLKQ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SVARX

SVARX Risk / Return Rank: 46
SVARX Sharpe Ratio Rank: 56
SVARX Sortino Ratio Rank: 48
SVARX Omega Ratio Rank: 68
SVARX Calmar Ratio Rank: 38
SVARX Martin Ratio Rank: 22

XLKQ.L

XLKQ.L Risk / Return Rank: 72
XLKQ.L Sharpe Ratio Rank: 85
XLKQ.L Sortino Ratio Rank: 81
XLKQ.L Omega Ratio Rank: 78
XLKQ.L Calmar Ratio Rank: 64
XLKQ.L Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SVARX vs. XLKQ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spectrum Low Volatility Fund (SVARX) 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.

	SVARX	XLKQ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.36	-0.27
Sortino ratio: Return per unit of downside risk	2.78	3.11	-0.33
Omega ratio: Gain probability vs. loss probability	1.44	1.39	+0.05
Calmar ratio: Return relative to maximum drawdown	2.22	2.79	-0.57
Martin ratio: Return relative to average drawdown	5.20	8.47	-3.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVARX vs. XLKQ.L - Sharpe Ratio Comparison

The current SVARX Sharpe Ratio is 2.09, which is comparable to the XLKQ.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of SVARX and XLKQ.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SVARX	XLKQ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.36	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	0.89	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.63	1.09	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	0.71	+0.99

Drawdowns

SVARX vs. XLKQ.L - Drawdown Comparison

The maximum SVARX drawdown since its inception was -6.48%, smaller than the maximum XLKQ.L drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for SVARX and XLKQ.L.

Drawdown Indicators

	SVARX	XLKQ.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.48%	-39.80%	+33.32%
Max Drawdown (1Y) Largest decline over 1 year	-2.55%	-16.81%	+14.26%
Max Drawdown (3Y) Largest decline over 3 years	-2.55%	-26.96%	+24.41%
Max Drawdown (5Y) Largest decline over 5 years	-6.48%	-35.00%	+28.52%
Max Drawdown (10Y) Largest decline over 10 years	-6.48%	-35.00%	+28.52%
Current Drawdown Current decline from peak	-1.69%	-6.38%	+4.69%
Average Drawdown Average peak-to-trough decline	-1.22%	-9.19%	+7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	5.56%	-4.47%

Volatility

SVARX vs. XLKQ.L - Volatility Comparison

The current volatility for Spectrum Low Volatility Fund (SVARX) is 0.79%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.63%. This indicates that SVARX 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.

Volatility by Period

	SVARX	XLKQ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	7.63%	-6.84%
Volatility (6M) Calculated over the trailing 6-month period	2.21%	15.32%	-13.11%
Volatility (1Y) Calculated over the trailing 1-year period	2.71%	19.95%	-17.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.10%	27.22%	-24.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.68%	23.87%	-20.19%

SVARX vs. XLKQ.L - Expense Ratio Comparison

SVARX has a 2.34% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.

Dividends

SVARX vs. XLKQ.L - Dividend Comparison

SVARX's dividend yield for the trailing twelve months is around 5.88%, while XLKQ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SVARX Spectrum Low Volatility Fund	5.88%	5.95%	9.35%	3.35%	0.00%	5.85%	0.71%	4.91%	2.41%	6.90%	9.07%	3.02%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SVARX and XLKQ.L in my portfolio?

SVARX and XLKQ.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.