WPAD.AS vs. XLKQ.L
Compare and contrast key facts about iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and Invesco US Technology Sector UCITS ETF (XLKQ.L).
WPAD.AS and XLKQ.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WPAD.AS is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 22, 2021. XLKQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 16, 2009. Both WPAD.AS and XLKQ.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WPAD.AS or XLKQ.L.
Key characteristics
| WPAD.AS | XLKQ.L | |
|---|---|---|
| YTD Return | 17.04% | 23.79% |
| 1Y Return | 26.24% | 37.85% |
| 3Y Return (Ann) | 12.24% | 19.55% |
| Sharpe Ratio | 2.70 | 1.84 |
| Daily Std Dev | 16.46% | 20.42% |
| Max Drawdown | -29.33% | -23.83% |
| Current Drawdown | -0.10% | -9.55% |
Correlation
The correlation between WPAD.AS and XLKQ.L is 0.39, 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.
Performance
WPAD.AS vs. XLKQ.L - Performance Comparison
In the year-to-date period, WPAD.AS achieves a 17.04% return, which is significantly lower than XLKQ.L's 23.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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WPAD.AS vs. XLKQ.L - Expense Ratio Comparison
WPAD.AS has a 0.20% expense ratio, which is higher than XLKQ.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%.
Risk-Adjusted Performance
WPAD.AS vs. XLKQ.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and Invesco US Technology Sector UCITS ETF (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.
Dividends
WPAD.AS vs. XLKQ.L - Dividend Comparison
WPAD.AS's dividend yield for the trailing twelve months is around 1.11%, while XLKQ.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 1.11% | 1.23% | 1.48% | 0.28% |
XLKQ.L Invesco US Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WPAD.AS vs. XLKQ.L - Drawdown Comparison
The maximum WPAD.AS drawdown since its inception was -29.33%, which is greater than XLKQ.L's maximum drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for WPAD.AS and XLKQ.L. For additional features, visit the drawdowns tool.
Volatility
WPAD.AS vs. XLKQ.L - Volatility Comparison
The current volatility for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) is 4.12%, while Invesco US Technology Sector UCITS ETF (XLKQ.L) has a volatility of 6.72%. This indicates that WPAD.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.