XLCS.L vs. XSKR.L

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Communications S&P US Select Sector UCITS ETF Acc (XLCS.L) and Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C (XSKR.L).

XLCS.L and XSKR.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. XSKR.L is a passively managed fund by Xtrackers that tracks the performance of the MSCI World/Comm Services NR USD. It was launched on Jun 29, 2007. Both XLCS.L and XSKR.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. XSKR.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 Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C (XSKR.L). The values are adjusted to include any dividend payments, if applicable.

XLCS.L vs. XSKR.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	-4.47%	19.13%	37.69%	51.30%	-39.23%	13.38%	21.46%	25.69%	-5.25%
XSKR.L Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C	3.72%	17.81%	9.78%	20.11%	-16.15%	6.76%	-4.46%	2.67%	2.60%

Different Trading Currencies

XLCS.L is traded in USD, while XSKR.L is traded in GBp. To make them comparable, the XSKR.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 -4.47% return, which is significantly lower than XSKR.L's 3.72% return.

XLCS.L

• 1D: 0.85%
• 1M: -5.59%
• YTD: -4.47%
• 6M: -5.96%
• 1Y: 15.78%
• 3Y*: 25.85%
• 5Y*: 8.51%
• 10Y*: —

XSKR.L

• 1D: 0.94%
• 1M: -8.03%
• YTD: 3.72%
• 6M: -3.96%
• 1Y: 5.18%
• 3Y*: 10.86%
• 5Y*: 5.99%
• 10Y*: 2.16%

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

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

XLCS.L has a 0.14% expense ratio, which is lower than XSKR.L's 0.20% 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%.

XSKR.L

Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C

XLCS.L

Invesco Communications S&P US Select Sector UCITS ETF Acc

Return for Risk

XLCS.L vs. XSKR.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: 52
XLCS.L Sortino Ratio Rank: 55
XLCS.L Omega Ratio Rank: 48
XLCS.L Calmar Ratio Rank: 53
XLCS.L Martin Ratio Rank: 38

XSKR.L

XSKR.L Risk / Return Rank: 15
XSKR.L Sharpe Ratio Rank: 16
XSKR.L Sortino Ratio Rank: 15
XSKR.L Omega Ratio Rank: 15
XSKR.L Calmar Ratio Rank: 14
XSKR.L Martin Ratio Rank: 14

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. XSKR.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 Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C (XSKR.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	XSKR.L	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.29	+0.67
Sortino ratio Return per unit of downside risk	1.47	0.52	+0.96
Omega ratio Gain probability vs. loss probability	1.19	1.07	+0.12
Calmar ratio Return relative to maximum drawdown	1.38	0.29	+1.09
Martin ratio Return relative to average drawdown	3.57	0.63	+2.94
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. XSKR.L - Sharpe Ratio Comparison

The current XLCS.L Sharpe Ratio is 0.96, which is higher than the XSKR.L Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of XLCS.L and XSKR.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	XSKR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.29	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.37	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.25	+0.43

Correlation

The correlation between XLCS.L and XSKR.L is 0.37, 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.

Dividends

XLCS.L vs. XSKR.L - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

XLCS.L vs. XSKR.L - Drawdown Comparison

The maximum XLCS.L drawdown since its inception was -47.62%, roughly equal to the maximum XSKR.L drawdown of -46.69%. Use the drawdown chart below to compare losses from any high point for XLCS.L and XSKR.L.

Drawdown Indicators

	XLCS.L	XSKR.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.62%	-36.21%	-11.41%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-14.35%	+4.26%
Max Drawdown (5Y) Largest decline over 5 years	-47.62%	-17.88%	-29.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.21%	—
Current Drawdown Current decline from peak	-8.21%	-7.12%	-1.09%
Average Drawdown Average peak-to-trough decline	-10.65%	-9.36%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	6.35%	-2.44%

Volatility

XLCS.L vs. XSKR.L - Volatility Comparison

The current volatility for Invesco Communications S&P US Select Sector UCITS ETF Acc (XLCS.L) is 4.13%, while Xtrackers MSCI Europe Communication Services ESG Screened UCITS ETF 1C (XSKR.L) has a volatility of 6.24%. This indicates that XLCS.L experiences smaller price fluctuations and is considered to be less risky than XSKR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLCS.L	XSKR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	6.24%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	9.11%	11.02%	-1.91%
Volatility (1Y) Calculated over the trailing 1-year period	16.46%	17.58%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.90%	16.19%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	17.67%	+3.06%