XLCS.L vs. EQGB.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Communications S&P US Select Sector UCITS ETF Acc (XLCS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L).

XLCS.L and EQGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLCS.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Communications Services Index. It was launched on Sep 17, 2018. EQGB.L is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 17, 2017. Both XLCS.L and EQGB.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

XLCS.L vs. EQGB.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 Acc (XLCS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L). The values are adjusted to include any dividend payments, if applicable.

XLCS.L vs. EQGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XLCS.L Invesco Communications S&P US Select Sector UCITS ETF Acc	-2.77%	19.13%	37.69%	51.30%	-39.23%	13.38%	21.46%	25.69%	-5.25%
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	-6.46%	28.61%	24.02%	62.04%	-42.01%	26.53%	49.89%	40.34%	-13.64%

Different Trading Currencies

XLCS.L is traded in USD, while EQGB.L is traded in GBp. To make them comparable, the EQGB.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLCS.L achieves a -2.77% return, which is significantly higher than EQGB.L's -6.46% return.

XLCS.L

• 1D: 1.77%
• 1M: -4.12%
• YTD: -2.77%
• 6M: -3.33%
• 1Y: 15.99%
• 3Y*: 26.59%
• 5Y*: 8.90%
• 10Y*: —

EQGB.L

• 1D: 4.09%
• 1M: -3.85%
• YTD: -6.46%
• 6M: -3.79%
• 1Y: 27.23%
• 3Y*: 25.59%
• 5Y*: 11.07%
• 10Y*: —

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

XLCS.L vs. EQGB.L - Expense Ratio Comparison

XLCS.L has a 0.14% expense ratio, which is lower than EQGB.L's 0.35% expense ratio.

EQGB.L

Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc

XLCS.L

Invesco Communications S&P US Select Sector UCITS ETF Acc

Return for Risk

XLCS.L vs. EQGB.L — Risk / Return Rank

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

XLCS.L

XLCS.L Risk / Return Rank: 49
XLCS.L Sharpe Ratio Rank: 50
XLCS.L Sortino Ratio Rank: 53
XLCS.L Omega Ratio Rank: 46
XLCS.L Calmar Ratio Rank: 58
XLCS.L Martin Ratio Rank: 39

EQGB.L

EQGB.L Risk / Return Rank: 67
EQGB.L Sharpe Ratio Rank: 64
EQGB.L Sortino Ratio Rank: 67
EQGB.L Omega Ratio Rank: 61
EQGB.L Calmar Ratio Rank: 75
EQGB.L Martin Ratio Rank: 69

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.

XLCS.L vs. EQGB.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 Acc (XLCS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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.

	XLCS.L	EQGB.L	Difference
Sharpe ratio Return per unit of total volatility	0.97	1.18	-0.21
Sortino ratio Return per unit of downside risk	1.49	1.79	-0.30
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio Return relative to maximum drawdown	1.67	1.74	-0.07
Martin ratio Return relative to average drawdown	4.13	6.58	-2.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLCS.L vs. EQGB.L - Sharpe Ratio Comparison

The current XLCS.L Sharpe Ratio is 0.97, which is comparable to the EQGB.L Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of XLCS.L and EQGB.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

	XLCS.L	EQGB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.18	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.45	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.67	+0.02

Correlation

The correlation between XLCS.L and EQGB.L is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XLCS.L vs. EQGB.L - Dividend Comparison

Neither XLCS.L nor EQGB.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
XLCS.L Invesco Communications S&P US Select Sector UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%

Drawdowns

XLCS.L vs. EQGB.L - Drawdown Comparison

The maximum XLCS.L drawdown since its inception was -47.62%, roughly equal to the maximum EQGB.L drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for XLCS.L and EQGB.L.

Drawdown Indicators

	XLCS.L	EQGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.62%	-36.77%	-10.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-12.60%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-47.62%	-36.77%	-10.85%
Current Drawdown Current decline from peak	-6.58%	-7.87%	+1.29%
Average Drawdown Average peak-to-trough decline	-10.65%	-7.64%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	3.14%	+0.65%

Volatility

XLCS.L vs. EQGB.L - Volatility Comparison

The current volatility for Invesco Communications S&P US Select Sector UCITS ETF Acc (XLCS.L) is 4.59%, while Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) has a volatility of 7.46%. This indicates that XLCS.L experiences smaller price fluctuations and is considered to be less risky than EQGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLCS.L	EQGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	7.46%	-2.87%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	13.77%	-4.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.48%	23.06%	-6.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	24.74%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	24.86%	-4.13%