XLKQ.L vs. IUIT.L
Compare and contrast key facts about Invesco US Technology Sector UCITS ETF (XLKQ.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L).
XLKQ.L and IUIT.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLKQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 16, 2009. IUIT.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Capped 35/20 Information Technology Index. It was launched on Nov 20, 2015. Both XLKQ.L and IUIT.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLKQ.L or IUIT.L.
Key characteristics
| XLKQ.L | IUIT.L | |
|---|---|---|
| YTD Return | 17.25% | 17.90% |
| 1Y Return | 29.09% | 31.92% |
| 3Y Return (Ann) | 16.59% | 13.42% |
| 5Y Return (Ann) | 22.81% | 23.54% |
| Sharpe Ratio | 1.39 | 1.51 |
| Daily Std Dev | 20.21% | 20.49% |
| Max Drawdown | -23.83% | -33.46% |
| Current Drawdown | -14.33% | -12.61% |
Correlation
The correlation between XLKQ.L and IUIT.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.
Performance
XLKQ.L vs. IUIT.L - Performance Comparison
The year-to-date returns for both investments are quite close, with XLKQ.L having a 17.25% return and IUIT.L slightly higher at 17.90%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLKQ.L vs. IUIT.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than IUIT.L's 0.15% 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%.
Risk-Adjusted Performance
XLKQ.L vs. IUIT.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Technology Sector UCITS ETF (XLKQ.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.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.
Dividends
XLKQ.L vs. IUIT.L - Dividend Comparison
Neither XLKQ.L nor IUIT.L has paid dividends to shareholders.
Drawdowns
XLKQ.L vs. IUIT.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -23.83%, smaller than the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and IUIT.L. For additional features, visit the drawdowns tool.
Volatility
XLKQ.L vs. IUIT.L - Volatility Comparison
Invesco US Technology Sector UCITS ETF (XLKQ.L) has a higher volatility of 6.86% compared to iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) at 6.47%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than IUIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.