X7PS.L vs. XLKQ.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - X7PS.L is a Europe Equities fund tracking the Invesco STOXX Europe 600 Optimised Banks UCITS ETF, 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, X7PS.L returned 16.30%/yr vs 24.95%/yr for XLKQ.L. At a 0.39 correlation, their price movements are largely independent. X7PS.L charges 0.30%/yr vs 0.14%/yr for XLKQ.L.
Performance
X7PS.L vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
X7PS.L 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, X7PS.L achieves a 17.93% return, which is significantly lower than XLKQ.L's 20.80% return. Over the past 10 years, X7PS.L has underperformed XLKQ.L with an annualized return of 16.30%, while XLKQ.L has yielded a comparatively higher 24.95% annualized return.
X7PS.L
- 1D
- 0.13%
- 1M
- 6.39%
- 6M
- 14.44%
- YTD
- 17.93%
- 1Y
- 53.36%
- 3Y*
- 44.72%
- 5Y*
- 32.08%
- 10Y*
- 16.30%
XLKQ.L
- 1D
- -0.93%
- 1M
- -1.56%
- 6M
- 22.37%
- YTD
- 20.80%
- 1Y
- 34.38%
- 3Y*
- 30.55%
- 5Y*
- 22.99%
- 10Y*
- 24.95%
X7PS.L vs. XLKQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 17.93% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 13.99% | -26.23% | 11.67% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 20.80% | 9.72% | 50.98% | 55.05% | -24.67% | 45.15% | 30.44% | 53.56% | 1.28% | 17.02% |
Correlation
The correlation between X7PS.L and XLKQ.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.39 |
The correlation between X7PS.L and XLKQ.L shifts across timeframes, from 0.29 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
X7PS.L vs. XLKQ.L — Risk / Return Rank
X7PS.L
XLKQ.L
X7PS.L vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) 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.
| X7PS.L | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.17 | +1.07 |
| Martin ratioReturn relative to average drawdown | 10.66 | 5.44 | +5.22 |
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Drawdowns
X7PS.L vs. XLKQ.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than XLKQ.L's maximum drawdown of -40.10%. Use the drawdown chart below to compare losses from any high point for X7PS.L and XLKQ.L.
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Drawdown Indicators
| X7PS.L | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -40.10% | -20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -15.78% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -30.46% | +10.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -30.46% | +0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | -30.78% | -25.73% |
Current DrawdownCurrent decline from peak | -0.94% | -6.20% | +5.26% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -8.02% | -9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 6.31% | -1.29% |
Volatility
X7PS.L vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) is 5.45%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 7.30%. This indicates that X7PS.L 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
| X7PS.L | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 7.30% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 16.47% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 21.50% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 26.99% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 23.92% | +0.94% |
X7PS.L vs. XLKQ.L - Expense Ratio Comparison
X7PS.L has a 0.30% expense ratio, which is higher than XLKQ.L's 0.14% expense ratio.
Dividends
X7PS.L vs. XLKQ.L - Dividend Comparison
Neither X7PS.L nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and XLKQ.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.30% for X7PS.L.
X7PS.L is categorized as Europe Equities, while XLKQ.L is Technology Equities. X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. Their fees differ too: 0.30% for X7PS.L and 0.14% for XLKQ.L.
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