VEVE.AS vs. XLKQ.L
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - VEVE.AS is a Global Equities fund tracking the MSCI ACWI NR USD, 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, VEVE.AS returned 12.95%/yr vs 25.49%/yr for XLKQ.L. A 0.79 correlation means they provide meaningful diversification when combined. VEVE.AS charges 0.12%/yr vs 0.14%/yr for XLKQ.L.
Performance
VEVE.AS vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
VEVE.AS is traded in EUR, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEVE.AS achieves a 12.81% return, which is significantly lower than XLKQ.L's 19.48% return. Over the past 10 years, VEVE.AS has underperformed XLKQ.L with an annualized return of 12.95%, while XLKQ.L has yielded a comparatively higher 25.49% annualized return.
VEVE.AS
- 1D
- -0.27%
- 1M
- 1.72%
- YTD
- 12.81%
- 6M
- 14.19%
- 1Y
- 27.41%
- 3Y*
- 18.25%
- 5Y*
- 13.13%
- 10Y*
- 12.95%
XLKQ.L
- 1D
- 2.31%
- 1M
- 0.98%
- YTD
- 19.48%
- 6M
- 20.54%
- 1Y
- 44.39%
- 3Y*
- 30.36%
- 5Y*
- 24.84%
- 10Y*
- 25.49%
VEVE.AS vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 12.81% | 8.22% | 26.33% | 19.38% | -13.20% | 31.47% | 6.50% | 29.40% | -4.85% | 8.40% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 19.48% | 9.72% | 50.98% | 55.05% | -24.67% | 45.15% | 30.44% | 53.56% | 1.28% | 17.02% |
Correlation
The correlation between VEVE.AS and XLKQ.L is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.79 |
The correlation between VEVE.AS and XLKQ.L has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
VEVE.AS vs. XLKQ.L — Risk / Return Rank
VEVE.AS
XLKQ.L
VEVE.AS vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) 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.
| VEVE.AS | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.72 | +1.50 |
| Martin ratioReturn relative to average drawdown | 17.34 | 7.13 | +10.21 |
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Drawdowns
VEVE.AS vs. XLKQ.L - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, smaller than the maximum XLKQ.L drawdown of -40.10%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and XLKQ.L.
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Drawdown Indicators
| VEVE.AS | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -40.10% | +6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -15.78% | +9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -30.46% | +9.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -30.46% | +9.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | -30.78% | -2.79% |
Current DrawdownCurrent decline from peak | -0.56% | -7.23% | +6.67% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -8.03% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 6.04% | -4.53% |
Volatility
VEVE.AS vs. XLKQ.L - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) is 2.88%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 8.21%. This indicates that VEVE.AS 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
| VEVE.AS | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 8.21% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 15.47% | -7.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 20.40% | -9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 26.83% | -12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 23.82% | -6.21% |
VEVE.AS vs. XLKQ.L - Expense Ratio Comparison
VEVE.AS has a 0.12% 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
VEVE.AS vs. XLKQ.L - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, while XLKQ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 1.23% | 1.41% | 1.46% | 1.73% | 2.04% | 1.43% | 1.61% | 1.89% | 2.28% | 1.97% | 1.98% | 2.05% |
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
VEVE.AS and XLKQ.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEVE.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.14% for XLKQ.L.
VEVE.AS is categorized as Global Equities, while XLKQ.L is Technology Equities. VEVE.AS tracks MSCI ACWI NR USD, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.12% for VEVE.AS and 0.14% for XLKQ.L.
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