XLCP.L vs. XSSW.L
XLCP.L (Invesco Communications S&P US Select Sector UCITS ETF A) and XSSW.L (Xtrackers MSCI World Communication Services UCITS ETF 1C GBP) are both Communications Equities funds - XLCP.L tracks the MSCI World/Comm Services NR USD while XSSW.L tracks the MSCI World Communication Services 20-35 Custom Index. Both are passively managed. Over the past year, XLCP.L returned 7.51% vs 25.90% for XSSW.L. Their correlation of 0.92 suggests significant overlap in exposure. XLCP.L charges 0.14%/yr vs 0.25%/yr for XSSW.L.
Performance
XLCP.L vs. XSSW.L - Performance Comparison
Loading charts...
Different Trading Currencies
XLCP.L is traded in GBp, while XSSW.L is traded in GBP. To make them comparable, the XSSW.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 -1.61% return, which is significantly lower than XSSW.L's 3.87% return.
XLCP.L
- 1D
- 1.54%
- 1M
- -2.05%
- YTD
- -1.61%
- 6M
- -2.31%
- 1Y
- 7.51%
- 3Y*
- 19.65%
- 5Y*
- 9.26%
- 10Y*
- —
XSSW.L
- 1D
- 1.00%
- 1M
- -0.30%
- YTD
- 3.87%
- 6M
- 2.52%
- 1Y
- 25.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLCP.L vs. XSSW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLCP.L Invesco Communications S&P US Select Sector UCITS ETF A | -1.61% | 11.11% | 40.05% | 8.91% |
XSSW.L Xtrackers MSCI World Communication Services UCITS ETF 1C GBP | 3.87% | 20.12% | 36.87% | 8.80% |
Correlation
The correlation between XLCP.L and XSSW.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.92 |
The correlation between XLCP.L and XSSW.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLCP.L vs. XSSW.L — Risk / Return Rank
XLCP.L
XSSW.L
XLCP.L vs. XSSW.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 Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.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 | XSSW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.33 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.87 | -1.95 |
| Martin ratioReturn relative to average drawdown | 2.27 | 11.02 | -8.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XLCP.L | XSSW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.95 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.57 | -0.94 |
Drawdowns
XLCP.L vs. XSSW.L - Drawdown Comparison
The maximum XLCP.L drawdown since its inception was -38.47%, which is greater than XSSW.L's maximum drawdown of -20.71%. Use the drawdown chart below to compare losses from any high point for XLCP.L and XSSW.L.
Loading charts...
Drawdown Indicators
| XLCP.L | XSSW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -20.71% | -17.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -8.98% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.47% | — | — |
Current DrawdownCurrent decline from peak | -5.41% | -3.17% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -8.48% | -3.07% | -5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.35% | +0.96% |
Volatility
XLCP.L vs. XSSW.L - Volatility Comparison
Invesco Communications S&P US Select Sector UCITS ETF A (XLCP.L) has a higher volatility of 4.51% compared to Xtrackers MSCI World Communication Services UCITS ETF 1C GBP (XSSW.L) at 3.93%. This indicates that XLCP.L's price experiences larger fluctuations and is considered to be riskier than XSSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLCP.L | XSSW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 3.93% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 9.42% | +0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 13.23% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 15.69% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 15.69% | +2.90% |
XLCP.L vs. XSSW.L - Expense Ratio Comparison
XLCP.L has a 0.14% expense ratio, which is lower than XSSW.L's 0.25% 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
XLCP.L vs. XSSW.L - Dividend Comparison
Neither XLCP.L nor XSSW.L has paid dividends to shareholders.
Frequently Asked Questions
XLCP.L and XSSW.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLCP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLCP.L is cheaper with a 0.14% expense ratio, compared with 0.25% for XSSW.L.
XLCP.L tracks MSCI World/Comm Services NR USD, while XSSW.L tracks MSCI World Communication Services 20-35 Custom Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.14% for XLCP.L and 0.25% for XSSW.L.
Find the right allocation for XLCP.L and XSSW.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer