XLIP.L vs. XLIS.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco US Industrials Sector UCITS ETF (XLIP.L) and Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.L).

XLIP.L and XLIS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLIP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Materials NR USD. It was launched on Dec 16, 2009. XLIS.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Industrials Index. It was launched on Dec 16, 2009. Both XLIP.L and XLIS.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

XLIP.L vs. XLIS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Industrials Sector UCITS ETF (XLIP.L) and Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.L). The values are adjusted to include any dividend payments, if applicable.

XLIP.L vs. XLIS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLIP.L Invesco US Industrials Sector UCITS ETF	6.91%	11.11%	19.28%	11.56%	6.12%	22.08%	6.17%	24.82%	-9.41%	9.57%
XLIS.L Invesco Industrials S&P US Select Sector UCITS ETF Acc	7.74%	10.85%	19.35%	12.03%	6.10%	21.68%	6.68%	23.83%	-9.15%	9.91%

Different Trading Currencies

XLIP.L is traded in GBp, while XLIS.L is traded in USD. To make them comparable, the XLIS.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 6.91% return, which is significantly lower than XLIS.L's 7.74% return. Both investments have delivered pretty close results over the past 10 years, with XLIP.L having a 13.45% annualized return and XLIS.L not far ahead at 13.57%.

XLIP.L

• 1D: 2.63%
• 1M: -6.45%
• YTD: 6.91%
• 6M: 8.90%
• 1Y: 23.05%
• 3Y*: 16.36%
• 5Y*: 13.12%
• 10Y*: 13.45%

XLIS.L

• 1D: 3.53%
• 1M: -5.66%
• YTD: 7.74%
• 6M: 9.64%
• 1Y: 23.81%
• 3Y*: 16.49%
• 5Y*: 13.27%
• 10Y*: 13.57%

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

XLIP.L vs. XLIS.L - Expense Ratio Comparison

Both XLIP.L and XLIS.L have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

XLIP.L

Invesco US Industrials Sector UCITS ETF

XLIS.L

Invesco Industrials S&P US Select Sector UCITS ETF Acc

Return for Risk

XLIP.L vs. XLIS.L — Risk / Return Rank

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

XLIP.L

XLIP.L Risk / Return Rank: 73
XLIP.L Sharpe Ratio Rank: 73
XLIP.L Sortino Ratio Rank: 73
XLIP.L Omega Ratio Rank: 68
XLIP.L Calmar Ratio Rank: 79
XLIP.L Martin Ratio Rank: 73

XLIS.L

XLIS.L Risk / Return Rank: 78
XLIS.L Sharpe Ratio Rank: 77
XLIS.L Sortino Ratio Rank: 78
XLIS.L Omega Ratio Rank: 75
XLIS.L Calmar Ratio Rank: 77
XLIS.L Martin Ratio Rank: 80

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.

XLIP.L vs. XLIS.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 Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.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	XLIS.L	Difference
Sharpe ratio Return per unit of total volatility	1.37	1.35	+0.02
Sortino ratio Return per unit of downside risk	1.92	1.90	+0.02
Omega ratio Gain probability vs. loss probability	1.26	1.26	+0.01
Calmar ratio Return relative to maximum drawdown	2.41	2.58	-0.17
Martin ratio Return relative to average drawdown	8.40	8.70	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLIP.L vs. XLIS.L - Sharpe Ratio Comparison

The current XLIP.L Sharpe Ratio is 1.37, which is comparable to the XLIS.L Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of XLIP.L and XLIS.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

	XLIP.L	XLIS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.35	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.79	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.71	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.73	+0.03

Correlation

The correlation between XLIP.L and XLIS.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XLIP.L vs. XLIS.L - Dividend Comparison

Neither XLIP.L nor XLIS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XLIP.L vs. XLIS.L - Drawdown Comparison

The maximum XLIP.L drawdown since its inception was -34.56%, roughly equal to the maximum XLIS.L drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for XLIP.L and XLIS.L.

Drawdown Indicators

	XLIP.L	XLIS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.56%	-42.30%	+7.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-13.31%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-21.02%	-21.21%	+0.19%
Max Drawdown (10Y) Largest decline over 10 years	-34.56%	-42.30%	+7.74%
Current Drawdown Current decline from peak	-6.45%	-6.71%	+0.26%
Average Drawdown Average peak-to-trough decline	-4.44%	-4.70%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.63%	+0.06%

Volatility

XLIP.L vs. XLIS.L - Volatility Comparison

The current volatility for Invesco US Industrials Sector UCITS ETF (XLIP.L) is 5.21%, while Invesco Industrials S&P US Select Sector UCITS ETF Acc (XLIS.L) has a volatility of 6.54%. This indicates that XLIP.L experiences smaller price fluctuations and is considered to be less risky than XLIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLIP.L	XLIS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	6.54%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	9.62%	10.45%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	17.56%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	16.86%	-1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	18.99%	-0.71%