VGT vs. XLKS.L

Last updated Jun 9, 2026

VGT (Vanguard Information Technology ETF) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both Technology Equities funds - VGT tracks the MSCI USA IMI Information Technology 25/50 Index while XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, VGT returned 25.14%/yr vs 25.85%/yr for XLKS.L. A 0.60 correlation means they provide meaningful diversification when combined. VGT charges 0.09%/yr vs 0.14%/yr for XLKS.L.

Performance

VGT vs. XLKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Information Technology ETF (VGT) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGT achieves a 24.57% return, which is significantly higher than XLKS.L's 19.36% return. Both investments have delivered pretty close results over the past 10 years, with VGT having a 25.14% annualized return and XLKS.L not far ahead at 25.85%.

VGT

• 1D: 1.71%
• 1M: 4.28%
• YTD: 24.57%
• 6M: 21.33%
• 1Y: 50.38%
• 3Y*: 31.24%
• 5Y*: 20.82%
• 10Y*: 25.14%

XLKS.L

• 1D: -0.29%
• 1M: 4.38%
• YTD: 19.36%
• 6M: 17.34%
• 1Y: 47.19%
• 3Y*: 35.42%
• 5Y*: 24.29%
• 10Y*: 25.85%

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

VGT vs. XLKS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGT Vanguard Information Technology ETF	24.57%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc	19.36%	24.23%	41.72%	60.64%	-29.12%	34.73%	42.78%	48.83%	-2.51%	33.27%

Correlation

The correlation between VGT and XLKS.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 17, 2009	0.60

The correlation between VGT and XLKS.L shifts across timeframes, from 0.60 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

VGT vs. XLKS.L - Sectors Allocation Comparison

Sectors	VGT	XLKS.L
Technology	98.5%	91.2%
Communication Services	0.5%	-
Financial Services	0.5%	7.3%
Industrials	0.4%	1.5%
Energy	0.3%	-
Consumer Cyclical	0.1%	-
Basic Materials	0.0%	-
Healthcare	0.0%	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

VGT vs. XLKS.L — Risk / Return Rank

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

VGT

VGT Risk / Return Rank: 71
VGT Sharpe Ratio Rank: 81
VGT Sortino Ratio Rank: 71
VGT Omega Ratio Rank: 73
VGT Calmar Ratio Rank: 68
VGT Martin Ratio Rank: 60

XLKS.L

XLKS.L Risk / Return Rank: 68
XLKS.L Sharpe Ratio Rank: 79
XLKS.L Sortino Ratio Rank: 76
XLKS.L Omega Ratio Rank: 71
XLKS.L Calmar Ratio Rank: 61
XLKS.L Martin Ratio Rank: 53

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.

VGT vs. XLKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Information Technology ETF (VGT) and Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.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.

	VGT	XLKS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.30	+0.05
Sortino ratio: Return per unit of downside risk	2.89	3.06	-0.16
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	3.09	2.76	+0.32
Martin ratio: Return relative to average drawdown	9.77	8.23	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGT vs. XLKS.L - Sharpe Ratio Comparison

The current VGT Sharpe Ratio is 2.35, which is comparable to the XLKS.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of VGT and XLKS.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

	VGT	XLKS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.30	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	1.02	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	1.17	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.00	-0.34

Drawdowns

VGT vs. XLKS.L - Drawdown Comparison

The maximum VGT drawdown since its inception was -54.63%, which is greater than XLKS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for VGT and XLKS.L.

Drawdown Indicators

	VGT	XLKS.L	Difference
Max Drawdown Largest peak-to-trough decline	-54.63%	-34.26%	-20.37%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-16.99%	+0.59%
Max Drawdown (3Y) Largest decline over 3 years	-27.23%	-26.97%	-0.26%
Max Drawdown (5Y) Largest decline over 5 years	-35.07%	-34.26%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-35.07%	-34.26%	-0.81%
Current Drawdown Current decline from peak	-6.77%	-6.42%	-0.35%
Average Drawdown Average peak-to-trough decline	-7.95%	-5.12%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	5.72%	-0.55%

Volatility

VGT vs. XLKS.L - Volatility Comparison

Vanguard Information Technology ETF (VGT) has a higher volatility of 9.39% compared to Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) at 8.05%. This indicates that VGT's price experiences larger fluctuations and is considered to be riskier than XLKS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGT	XLKS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	8.05%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	15.89%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	21.58%	20.47%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.33%	23.82%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.69%	22.07%	+2.62%

VGT vs. XLKS.L - Expense Ratio Comparison

VGT has a 0.09% expense ratio, which is lower than XLKS.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

VGT vs. XLKS.L - Dividend Comparison

VGT's dividend yield for the trailing twelve months is around 0.33%, while XLKS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGT Vanguard Information Technology ETF	0.33%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF 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 VGT and XLKS.L in my portfolio?

VGT and XLKS.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGT or XLKS.L?

On fees, VGT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGT or XLKS.L?

VGT is cheaper with a 0.09% expense ratio, compared with 0.14% for XLKS.L.

What is the main difference between VGT and XLKS.L?

VGT tracks MSCI USA IMI Information Technology 25/50 Index, while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.09% for VGT and 0.14% for XLKS.L.