XLKQ.L vs. HTWD.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and HTWD.L (HSBC MSCI Taiwan Capped UCITS ETF) are both Technology Equities funds - XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index while HTWD.L tracks the HSBC MSCI Taiwan Capped UCITS ETF. Both are passively managed. Over the past 10 years, XLKQ.L returned 25.10%/yr vs 20.58%/yr for HTWD.L. A 0.56 correlation means they provide meaningful diversification when combined. XLKQ.L charges 0.14%/yr vs 0.50%/yr for HTWD.L.
Performance
XLKQ.L vs. HTWD.L - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while HTWD.L is traded in USD. To make them comparable, the HTWD.L 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 17.29% return, which is significantly lower than HTWD.L's 59.56% return. Over the past 10 years, XLKQ.L has outperformed HTWD.L with an annualized return of 25.10%, while HTWD.L has yielded a comparatively lower 20.58% annualized return.
XLKQ.L
- 1D
- -1.59%
- 1M
- -3.44%
- 6M
- 19.70%
- YTD
- 17.29%
- 1Y
- 31.37%
- 3Y*
- 30.04%
- 5Y*
- 22.68%
- 10Y*
- 25.10%
HTWD.L
- 1D
- 0.00%
- 1M
- -5.71%
- 6M
- 52.04%
- YTD
- 59.56%
- 1Y
- 85.65%
- 3Y*
- 39.30%
- 5Y*
- 21.07%
- 10Y*
- 20.58%
XLKQ.L vs. HTWD.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 | 17.29% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 21.82% |
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 59.56% | 22.83% | 27.59% | 22.54% | -21.01% | 28.99% | 32.61% | 28.48% | -3.30% | 16.17% |
Correlation
The correlation between XLKQ.L and HTWD.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.56 |
The correlation between XLKQ.L and HTWD.L shifts across timeframes, from 0.56 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLKQ.L vs. HTWD.L — Risk / Return Rank
XLKQ.L
HTWD.L
XLKQ.L vs. HTWD.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 HSBC MSCI Taiwan Capped UCITS ETF (HTWD.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 | HTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.52 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 7.88 | -6.01 |
| Martin ratioReturn relative to average drawdown | 4.56 | 21.77 | -17.21 |
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Drawdowns
XLKQ.L vs. HTWD.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, which is greater than HTWD.L's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and HTWD.L.
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Drawdown Indicators
| XLKQ.L | HTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -32.66% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -10.75% | -6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -29.82% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -30.12% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -30.12% | +1.38% |
Current DrawdownCurrent decline from peak | -7.95% | -10.75% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -7.45% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 3.89% | +2.98% |
Volatility
XLKQ.L vs. HTWD.L - Volatility Comparison
The current volatility for Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) is 7.47%, while HSBC MSCI Taiwan Capped UCITS ETF (HTWD.L) has a volatility of 10.65%. This indicates that XLKQ.L experiences smaller price fluctuations and is considered to be less risky than HTWD.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 | HTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 10.65% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.46% | 22.58% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.19% | 26.11% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 22.14% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 21.08% | +2.37% |
XLKQ.L vs. HTWD.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than HTWD.L's 0.50% expense ratio.
Dividends
XLKQ.L vs. HTWD.L - Dividend Comparison
XLKQ.L has not paid dividends to shareholders, while HTWD.L's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTWD.L HSBC MSCI Taiwan Capped UCITS ETF | 1.04% | 1.53% | 1.18% | 2.73% | 3.31% | 1.13% | 1.69% | 2.08% | 2.79% | 1.37% | 2.64% | 2.65% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLKQ.L and HTWD.L have a correlation of 0.69, 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 0.50% for HTWD.L.
XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while HTWD.L tracks HSBC MSCI Taiwan Capped UCITS ETF. They also come from different issuers: Invesco and HSBC. Their fees differ too: 0.14% for XLKQ.L and 0.50% for HTWD.L.
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