TELE.L vs. XLCP.L
Compare and contrast key facts about SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L).
TELE.L and XLCP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TELE.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Comm Services NR USD. It was launched on Dec 5, 2014. XLCP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Comm Services NR USD. It was launched on Sep 17, 2018. Both TELE.L and XLCP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TELE.L vs. XLCP.L - Performance Comparison
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TELE.L vs. XLCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TELE.L SPDR MSCI Europe Communication Services UCITS ETF | 3.85% | 7.03% | 14.51% | 15.08% | -11.02% | 13.83% | -14.18% | 6.44% | 3.43% |
XLCP.L Invesco Communications S&P US Select Sector UCITS ETF A | -1.44% | 5.31% | 46.80% | 46.99% | -36.10% | 22.53% | 10.80% | 35.88% | -9.79% |
Different Trading Currencies
TELE.L is traded in EUR, while XLCP.L is traded in GBp. To make them comparable, the XLCP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, TELE.L achieves a 3.85% return, which is significantly higher than XLCP.L's -1.44% return.
TELE.L
- 1D
- 0.15%
- 1M
- -3.77%
- YTD
- 3.85%
- 6M
- -3.17%
- 1Y
- 0.77%
- 3Y*
- 8.44%
- 5Y*
- 6.00%
- 10Y*
- —
XLCP.L
- 1D
- 1.41%
- 1M
- -3.45%
- YTD
- -1.44%
- 6M
- -2.12%
- 1Y
- 8.11%
- 3Y*
- 23.47%
- 5Y*
- 9.25%
- 10Y*
- —
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TELE.L vs. XLCP.L - Expense Ratio Comparison
TELE.L has a 0.18% expense ratio, which is higher than XLCP.L's 0.14% 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%.
Return for Risk
TELE.L vs. XLCP.L — Risk / Return Rank
TELE.L
XLCP.L
TELE.L vs. XLCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) and Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.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.
| TELE.L | XLCP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 0.50 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.17 | 0.78 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.10 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.98 | -1.02 |
Martin ratioReturn relative to average drawdown | -0.07 | 2.40 | -2.47 |
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
| TELE.L | XLCP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 0.50 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.51 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.64 | -0.45 |
Correlation
The correlation between TELE.L and XLCP.L is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TELE.L vs. XLCP.L - Dividend Comparison
Neither TELE.L nor XLCP.L has paid dividends to shareholders.
Drawdowns
TELE.L vs. XLCP.L - Drawdown Comparison
The maximum TELE.L drawdown since its inception was -35.72%, smaller than the maximum XLCP.L drawdown of -39.37%. Use the drawdown chart below to compare losses from any high point for TELE.L and XLCP.L.
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Drawdown Indicators
| TELE.L | XLCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -38.47% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -8.69% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.73% | -38.47% | +18.74% |
Current DrawdownCurrent decline from peak | -8.06% | -5.42% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -11.66% | -8.61% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 3.14% | +4.35% |
Volatility
TELE.L vs. XLCP.L - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (TELE.L) has a higher volatility of 5.04% compared to Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) at 3.91%. This indicates that TELE.L's price experiences larger fluctuations and is considered to be riskier than XLCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TELE.L | XLCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 3.91% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.28% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.25% | 16.29% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.46% | 18.25% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.22% | -0.02% |