XLKQ.L vs. BTC-USD
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) is Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XLKQ.L returned 26.55%/yr vs 58.13%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
XLKQ.L vs. BTC-USD - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLKQ.L achieves a 18.20% return, which is significantly higher than BTC-USD's -26.95% return. Over the past 10 years, XLKQ.L has underperformed BTC-USD with an annualized return of 26.55%, while BTC-USD has yielded a comparatively higher 58.13% annualized return.
XLKQ.L
- 1D
- 2.39%
- 1M
- 2.82%
- YTD
- 18.20%
- 6M
- 18.52%
- 1Y
- 45.20%
- 3Y*
- 30.77%
- 5Y*
- 25.01%
- 10Y*
- 26.55%
BTC-USD
- 1D
- 0.14%
- 1M
- -19.09%
- YTD
- -26.95%
- 6M
- -29.73%
- 1Y
- -38.89%
- 3Y*
- 32.14%
- 5Y*
- 12.39%
- 10Y*
- 58.13%
XLKQ.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 18.20% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 21.82% |
BTC-USD Bitcoin | -26.95% | -12.95% | 125.81% | 140.73% | -59.81% | 60.91% | 292.68% | 86.71% | -73.15% | 1,284.82% |
Correlation
The correlation between XLKQ.L and BTC-USD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2012 | 0.11 |
The correlation between XLKQ.L and BTC-USD shifts across timeframes, from 0.10 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLKQ.L vs. BTC-USD — Risk / Return Rank
XLKQ.L
BTC-USD
XLKQ.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLKQ.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.19 | ||
| Sortino ratioReturn per unit of downside risk | +4.18 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.86 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.77 | +3.45 |
| Martin ratioReturn relative to average drawdown | 6.86 | -1.34 | +8.20 |
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Drawdowns
XLKQ.L vs. BTC-USD - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, smaller than the maximum BTC-USD drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and BTC-USD.
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Drawdown Indicators
| XLKQ.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -84.19% | +45.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -50.55% | +33.79% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -50.55% | +21.81% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -73.24% | +44.50% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -82.15% | +53.41% |
Current DrawdownCurrent decline from peak | -7.23% | -48.72% | +41.49% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -40.33% | +32.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 34.73% | -28.16% |
Volatility
XLKQ.L vs. BTC-USD - Volatility Comparison
The current volatility for Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) is 8.58%, while Bitcoin (BTC-USD) has a volatility of 11.89%. This indicates that XLKQ.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLKQ.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 11.89% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 33.95% | -18.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.96% | 34.70% | -14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.22% | 44.50% | -18.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.42% | 55.76% | -32.34% |
Frequently Asked Questions
XLKQ.L and BTC-USD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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