XLIP.L vs. JEDG.L
XLIP.L (Invesco US Industrials Sector UCITS ETF) and JEDG.L (VanEck Space Innovators UCITS ETF) are both Industrials Equities funds tracking the MSCI World/Materials NR USD, from Invesco and VanEck respectively. Both are passively managed. Over the past 3 years, XLIP.L returned 18.78%/yr vs 65.85%/yr for JEDG.L. At a 0.48 correlation, their price movements are largely independent. XLIP.L charges 0.14%/yr vs 0.55%/yr for JEDG.L.
Performance
XLIP.L vs. JEDG.L - Performance Comparison
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Different Trading Currencies
XLIP.L is traded in GBp, while JEDG.L is traded in GBP. To make them comparable, the JEDG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLIP.L achieves a 12.73% return, which is significantly lower than JEDG.L's 74.89% return.
XLIP.L
- 1D
- -0.12%
- 1M
- 2.60%
- YTD
- 12.73%
- 6M
- 13.06%
- 1Y
- 24.34%
- 3Y*
- 18.78%
- 5Y*
- 13.40%
- 10Y*
- 14.13%
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
XLIP.L vs. JEDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLIP.L Invesco US Industrials Sector UCITS ETF | 12.73% | 11.11% | 19.28% | 11.56% | 13.39% |
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
Correlation
The correlation between XLIP.L and JEDG.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.48 |
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Return for Risk
XLIP.L vs. JEDG.L — Risk / Return Rank
XLIP.L
JEDG.L
XLIP.L vs. JEDG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Industrials Sector UCITS ETF (XLIP.L) and VanEck Space Innovators UCITS ETF (JEDG.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.
| XLIP.L | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.61 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 9.18 | -6.59 |
| Martin ratioReturn relative to average drawdown | 8.25 | 30.71 | -22.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLIP.L | JEDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 4.77 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.36 | -0.59 |
Drawdowns
XLIP.L vs. JEDG.L - Drawdown Comparison
The maximum XLIP.L drawdown since its inception was -34.56%, which is greater than JEDG.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for XLIP.L and JEDG.L.
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Drawdown Indicators
| XLIP.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.56% | -26.80% | -7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -22.94% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -21.02% | -26.80% | +5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.56% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -13.90% | +12.54% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -8.86% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 6.87% | -3.93% |
Volatility
XLIP.L vs. JEDG.L - Volatility Comparison
The current volatility for Invesco US Industrials Sector UCITS ETF (XLIP.L) is 4.52%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 18.94%. This indicates that XLIP.L experiences smaller price fluctuations and is considered to be less risky than JEDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLIP.L | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 18.94% | -14.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 34.54% | -24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 44.16% | -30.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.91% | 33.12% | -17.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 33.12% | -14.80% |
XLIP.L vs. JEDG.L - Expense Ratio Comparison
XLIP.L has a 0.14% expense ratio, which is lower than JEDG.L's 0.55% expense ratio.
Dividends
XLIP.L vs. JEDG.L - Dividend Comparison
Neither XLIP.L nor JEDG.L has paid dividends to shareholders.
Frequently Asked Questions
XLIP.L and JEDG.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLIP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLIP.L is cheaper with a 0.14% expense ratio, compared with 0.55% for JEDG.L.
Both ETFs track MSCI World/Materials NR USD. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.14% for XLIP.L and 0.55% for JEDG.L.
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