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XLFQ.L vs. IPRV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLFQ.L vs. IPRV.L

Last updated Jun 5, 2026

XLFQ.L (Invesco US Financials Sector UCITS ETF) and IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) are both Financials Equities funds - XLFQ.L tracks the MSCI World/Financials NR USD while IPRV.L tracks the S&P Listed Private Equity Index. Both are passively managed. Over the past 10 years, XLFQ.L returned 13.02%/yr vs 12.65%/yr for IPRV.L. A 0.71 correlation means they provide meaningful diversification when combined. XLFQ.L charges 0.14%/yr vs 0.75%/yr for IPRV.L.

Performance

XLFQ.L vs. IPRV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Financials Sector UCITS ETF (XLFQ.L) and iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLFQ.L achieves a -4.71% return, which is significantly higher than IPRV.L's -12.08% return. Both investments have delivered pretty close results over the past 10 years, with XLFQ.L having a 13.02% annualized return and IPRV.L not far behind at 12.65%.

XLFQ.L

1D
3.26%
1M
2.31%
YTD
-4.71%
6M
-2.62%
1Y
4.63%
3Y*
15.45%
5Y*
9.10%
10Y*
13.02%

IPRV.L

1D
2.62%
1M
-2.90%
YTD
-12.08%
6M
-10.54%
1Y
-7.71%
3Y*
10.33%
5Y*
6.33%
10Y*
12.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLFQ.L vs. IPRV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLFQ.L
Invesco US Financials Sector UCITS ETF		-4.71%7.07%32.15%6.12%-0.39%37.90%-6.56%27.16%-9.51%11.87%
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		-12.08%-4.65%26.96%32.91%-19.32%45.11%2.39%40.72%-7.63%15.66%

Correlation

The correlation between XLFQ.L and IPRV.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2013

0.71

The correlation between XLFQ.L and IPRV.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

XLFQ.L vs. IPRV.L - Sectors Allocation Comparison

Sectors
XLFQ.L
IPRV.L

Financial Services

98.0%
99.0%

Technology

1.7%
0.1%

Industrials

0.2%
0.7%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

0.3%

Consumer Defensive

-

0.0%

Energy

-

-

Healthcare

-

0.0%

Real Estate

-

-

Utilities

-

-

Financial Services

XLFQ.L
98.0%
IPRV.L
99.0%

Technology

XLFQ.L
1.7%
IPRV.L
0.1%

Industrials

XLFQ.L
0.2%
IPRV.L
0.7%

Basic Materials

XLFQ.L

-

IPRV.L

-

Communication Services

XLFQ.L

-

IPRV.L

-

Consumer Cyclical

XLFQ.L

-

IPRV.L
0.3%

Consumer Defensive

XLFQ.L

-

IPRV.L
0.0%

Energy

XLFQ.L

-

IPRV.L

-

Healthcare

XLFQ.L

-

IPRV.L
0.0%

Real Estate

XLFQ.L

-

IPRV.L

-

Utilities

XLFQ.L

-

IPRV.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco US Financials Sector UCITS ETF

iShares Listed Private Equity UCITS ETF USD (Dist)

Often compared with XLFQ.L:
XLFQ.L vs. XLFXLFQ.L vs. XDWF.DEXLFQ.L vs. UIFS.LXLFQ.L vs. SEIVXLFQ.L vs. XWFS.LXLFQ.L vs. FINW.LXLFQ.L vs. VOO
Often compared with IPRV.L:
IPRV.L vs. SPYIPRV.L vs. QQQ3.LIPRV.L vs. IWMO.LIPRV.L vs. BRK-BIPRV.L vs. BXIPRV.L vs. SWDA.LIPRV.L vs. HMWO.L

Return for Risk

XLFQ.L vs. IPRV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLFQ.L
XLFQ.L Risk / Return Rank: 1414
Overall Rank
XLFQ.L Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XLFQ.L Sortino Ratio Rank: 1414
Sortino Ratio Rank
XLFQ.L Omega Ratio Rank: 1313
Omega Ratio Rank
XLFQ.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
XLFQ.L Martin Ratio Rank: 1313
Martin Ratio Rank
IPRV.L
IPRV.L Risk / Return Rank: 66
Overall Rank
IPRV.L Sharpe Ratio Rank: 55
Sharpe Ratio Rank
IPRV.L Sortino Ratio Rank: 55
Sortino Ratio Rank
IPRV.L Omega Ratio Rank: 55
Omega Ratio Rank
IPRV.L Calmar Ratio Rank: 66
Calmar Ratio Rank
IPRV.L Martin Ratio Rank: 66
Martin Ratio Rank
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.

XLFQ.L vs. IPRV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Financials Sector UCITS ETF (XLFQ.L) and iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.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.

XLFQ.LIPRV.LDifference
Sharpe ratioReturn per unit of total volatility
0.33
-0.41

+0.74

Sortino ratioReturn per unit of downside risk
0.57
-0.45

+1.01

Omega ratioGain probability vs. loss probability

1.07

0.95

+0.12

Calmar ratioReturn relative to maximum drawdown

0.36

-0.33

+0.69

Martin ratioReturn relative to average drawdown

0.84

-0.69

+1.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLFQ.L vs. IPRV.L - Sharpe Ratio Comparison

The current XLFQ.L Sharpe Ratio is 0.33, which is higher than the IPRV.L Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of XLFQ.L and IPRV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XLFQ.LIPRV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.33

-0.41

+0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.32

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.62

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.16

+0.48

Drawdowns

XLFQ.L vs. IPRV.L - Drawdown Comparison

The maximum XLFQ.L drawdown since its inception was -35.39%, smaller than the maximum IPRV.L drawdown of -74.08%. Use the drawdown chart below to compare losses from any high point for XLFQ.L and IPRV.L.

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Drawdown Indicators

XLFQ.LIPRV.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.39%

-74.08%

+38.69%

Max Drawdown (1Y)

Largest decline over 1 year

-12.81%

-23.47%

+10.66%

Max Drawdown (3Y)

Largest decline over 3 years

-19.01%

-27.90%

+8.89%

Max Drawdown (5Y)

Largest decline over 5 years

-19.01%

-27.90%

+8.89%

Max Drawdown (10Y)

Largest decline over 10 years

-35.39%

-44.53%

+9.14%

Current Drawdown

Current decline from peak

-6.62%

-22.45%

+15.83%

Average Drawdown

Average peak-to-trough decline

-5.65%

-11.64%

+5.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.48%

11.08%

-5.60%

Volatility

XLFQ.L vs. IPRV.L - Volatility Comparison

The current volatility for Invesco US Financials Sector UCITS ETF (XLFQ.L) is 4.46%, while iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) has a volatility of 5.75%. This indicates that XLFQ.L experiences smaller price fluctuations and is considered to be less risky than IPRV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLFQ.LIPRV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.46%

5.75%

-1.29%

Volatility (6M)

Calculated over the trailing 6-month period

10.48%

15.11%

-4.63%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

18.90%

-4.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.52%

19.52%

-2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.14%

20.36%

-0.22%

XLFQ.L vs. IPRV.L - Expense Ratio Comparison

XLFQ.L has a 0.14% expense ratio, which is lower than IPRV.L's 0.75% expense ratio.

Dividends

XLFQ.L vs. IPRV.L - Dividend Comparison

XLFQ.L has not paid dividends to shareholders, while IPRV.L's dividend yield for the trailing twelve months is around 5.23%.

PositionTTM20252024202320222021202020192018201720162015
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		5.23%3.98%3.81%4.27%5.26%3.42%4.85%4.28%6.46%6.70%5.33%8.21%
XLFQ.L
Invesco US Financials Sector UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XLFQ.L and IPRV.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLFQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLFQ.L is cheaper with a 0.14% expense ratio, compared with 0.75% for IPRV.L.

XLFQ.L tracks MSCI World/Financials NR USD, while IPRV.L tracks S&P Listed Private Equity Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLFQ.L and 0.75% for IPRV.L.

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