XLKQ.L vs. GC=F

Last updated Jun 9, 2026

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 GC=F (Gold Futures) is an asset. At a correlation of -0.10, they often move in opposite directions.

Performance

XLKQ.L vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLKQ.L is traded in GBp, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to GBp using the latest available exchange rates.

Returns By Period

XLKQ.L

• 1D: -0.03%
• 1M: 6.65%
• YTD: 20.44%
• 6M: 17.20%
• 1Y: 49.26%
• 3Y*: 32.80%
• 5Y*: 25.71%
• 10Y*: 26.77%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLKQ.L vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc	20.44%	15.76%	44.03%	51.84%	-10.51%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	14.22%

Correlation

The correlation between XLKQ.L and GC=F is -0.10, 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 (All Time) Calculated using the full available price history since Jan 31, 2022	-0.10

Return for Risk

XLKQ.L vs. GC=F — Risk / Return Rank

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

XLKQ.L

XLKQ.L Risk / Return Rank: 72
XLKQ.L Sharpe Ratio Rank: 85
XLKQ.L Sortino Ratio Rank: 81
XLKQ.L Omega Ratio Rank: 78
XLKQ.L Calmar Ratio Rank: 64
XLKQ.L Martin Ratio Rank: 49

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.

XLKQ.L vs. GC=F - 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 Gold Futures (GC=F). 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.

	XLKQ.L	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.53	—	—
Sortino ratio: Return per unit of downside risk	3.25	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.93	—	—
Martin ratio: Return relative to average drawdown	7.59	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XLKQ.L	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	—	—

Drawdowns

Drawdown Indicators

	XLKQ.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-38.43%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-16.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.74%	—	—
Current Drawdown Current decline from peak	-5.48%	—	—
Average Drawdown Average peak-to-trough decline	-8.08%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.47%	—	—

Volatility

Volatility by Period

	XLKQ.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.38%	—	—

Frequently Asked Questions

Can I hold both XLKQ.L and GC=F in my portfolio?

XLKQ.L and GC=F have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.