XLCP.L vs. VUAG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L).

XLCP.L and VUAG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VUAG.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both XLCP.L and VUAG.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

XLCP.L vs. VUAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

XLCP.L vs. VUAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XLCP.L Invesco Communications S&P US Select Sector UCITS ETF A	-1.83%	11.11%	40.05%	43.94%	-32.63%	15.05%	17.17%	6.30%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	-3.06%	9.36%	27.33%	19.67%	-8.88%	30.97%	201.05%	9.30%

Different Trading Currencies

XLCP.L is traded in GBp, while VUAG.L is traded in GBP. To make them comparable, the VUAG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLCP.L achieves a -1.83% return, which is significantly higher than VUAG.L's -3.06% return.

XLCP.L

• 1D: 0.85%
• 1M: -3.73%
• YTD: -1.83%
• 6M: -2.24%
• 1Y: 12.55%
• 3Y*: 23.00%
• 5Y*: 9.71%
• 10Y*: —

VUAG.L

• 1D: 1.60%
• 1M: -3.29%
• YTD: -3.06%
• 6M: 0.22%
• 1Y: 14.86%
• 3Y*: 15.78%
• 5Y*: 12.64%
• 10Y*: —

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

XLCP.L vs. VUAG.L - Expense Ratio Comparison

XLCP.L has a 0.14% expense ratio, which is higher than VUAG.L's 0.07% 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%.

XLCP.L

Invesco Communications S&P US Select Sector UCITS ETF A

VUAG.L

Vanguard S&P 500 UCITS ETF (USD) Accumulating

Return for Risk

XLCP.L vs. VUAG.L — Risk / Return Rank

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

XLCP.L

XLCP.L Risk / Return Rank: 43
XLCP.L Sharpe Ratio Rank: 41
XLCP.L Sortino Ratio Rank: 41
XLCP.L Omega Ratio Rank: 36
XLCP.L Calmar Ratio Rank: 55
XLCP.L Martin Ratio Rank: 39

VUAG.L

VUAG.L Risk / Return Rank: 59
VUAG.L Sharpe Ratio Rank: 51
VUAG.L Sortino Ratio Rank: 50
VUAG.L Omega Ratio Rank: 51
VUAG.L Calmar Ratio Rank: 75
VUAG.L Martin Ratio Rank: 67

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.

XLCP.L vs. VUAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.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.

	XLCP.L	VUAG.L	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.96	-0.15
Sortino ratio Return per unit of downside risk	1.22	1.40	-0.17
Omega ratio Gain probability vs. loss probability	1.16	1.20	-0.05
Calmar ratio Return relative to maximum drawdown	1.56	2.05	-0.49
Martin ratio Return relative to average drawdown	4.00	6.98	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLCP.L vs. VUAG.L - Sharpe Ratio Comparison

The current XLCP.L Sharpe Ratio is 0.81, which is comparable to the VUAG.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of XLCP.L and VUAG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XLCP.L	VUAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.96	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.88	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.84	-0.20

Correlation

The correlation between XLCP.L and VUAG.L is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XLCP.L vs. VUAG.L - Dividend Comparison

Neither XLCP.L nor VUAG.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
XLCP.L Invesco Communications S&P US Select Sector UCITS ETF A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.39%

Drawdowns

XLCP.L vs. VUAG.L - Drawdown Comparison

The maximum XLCP.L drawdown since its inception was -38.47%, which is greater than VUAG.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for XLCP.L and VUAG.L.

Drawdown Indicators

	XLCP.L	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.47%	-25.61%	-12.86%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-10.53%	+1.84%
Max Drawdown (5Y) Largest decline over 5 years	-38.47%	-20.88%	-17.59%
Current Drawdown Current decline from peak	-5.42%	-4.74%	-0.68%
Average Drawdown Average peak-to-trough decline	-8.61%	-3.57%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.08%	+1.06%

Volatility

XLCP.L vs. VUAG.L - Volatility Comparison

Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) have volatilities of 4.02% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLCP.L	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	3.83%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	8.28%	+1.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	15.40%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	14.39%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	36.50%	-17.84%