XLKQ.L vs. CMOP.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and CMOP.L (Invesco Bloomberg Commodity UCITS ETF Acc) are both exchange-traded funds - XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index, while CMOP.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, XLKQ.L returned 23.86%/yr vs 10.48%/yr for CMOP.L. At a 0.15 correlation, their price movements are largely independent. XLKQ.L charges 0.14%/yr vs 0.19%/yr for CMOP.L.
Performance
XLKQ.L vs. CMOP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XLKQ.L achieves a 17.69% return, which is significantly higher than CMOP.L's 15.91% return.
XLKQ.L
- 1D
- -1.80%
- 1M
- -1.94%
- YTD
- 17.69%
- 6M
- 17.84%
- 1Y
- 40.78%
- 3Y*
- 31.40%
- 5Y*
- 23.86%
- 10Y*
- 26.12%
CMOP.L
- 1D
- 0.63%
- 1M
- -8.33%
- YTD
- 15.91%
- 6M
- 14.87%
- 1Y
- 28.71%
- 3Y*
- 9.69%
- 5Y*
- 10.48%
- 10Y*
- —
XLKQ.L vs. CMOP.L - 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 | 17.69% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 20.87% |
CMOP.L Invesco Bloomberg Commodity UCITS ETF Acc | 15.91% | 8.23% | 6.01% | -12.72% | 28.44% | 28.71% | -7.11% | 1.37% | -3.26% | -24.46% |
Correlation
The correlation between XLKQ.L and CMOP.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 9, 2017 | 0.15 |
The correlation between XLKQ.L and CMOP.L shifts across timeframes, from -0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLKQ.L vs. CMOP.L — Risk / Return Rank
XLKQ.L
CMOP.L
XLKQ.L vs. CMOP.L - 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 Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.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.
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 | CMOP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.32 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.12 | 8.57 | -2.45 |
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Drawdowns
XLKQ.L vs. CMOP.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, smaller than the maximum CMOP.L drawdown of -44.21%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and CMOP.L.
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Drawdown Indicators
| XLKQ.L | CMOP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -44.21% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -12.32% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -26.87% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -28.78% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -11.77% | +4.13% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -21.85% | +13.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 3.34% | +3.31% |
Volatility
XLKQ.L vs. CMOP.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a higher volatility of 8.74% compared to Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) at 4.11%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than CMOP.L 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 | CMOP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 4.11% | +4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 16.39% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 18.09% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 21.30% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 19.00% | +4.39% |
XLKQ.L vs. CMOP.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than CMOP.L's 0.19% 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%.
Dividends
XLKQ.L vs. CMOP.L - Dividend Comparison
Neither XLKQ.L nor CMOP.L has paid dividends to shareholders.
Frequently Asked Questions
XLKQ.L and CMOP.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.19% for CMOP.L.
XLKQ.L is categorized as Technology Equities, while CMOP.L is Commodities. XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while CMOP.L tracks Bloomberg Commodity. Their fees differ too: 0.14% for XLKQ.L and 0.19% for CMOP.L.
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