XLKQ.L vs. SDHG.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and SDHG.L (iShares USD Short Duration High Yield Corporate Bond UCITS ETF) are both exchange-traded funds - XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index, while SDHG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 10 years, XLKQ.L returned 26.77%/yr vs 5.66%/yr for SDHG.L. At a 0.45 correlation, their price movements are largely independent. XLKQ.L charges 0.14%/yr vs 0.45%/yr for SDHG.L.
Performance
XLKQ.L vs. SDHG.L - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while SDHG.L is traded in GBP. To make them comparable, the SDHG.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 20.44% return, which is significantly higher than SDHG.L's 2.17% return. Over the past 10 years, XLKQ.L has outperformed SDHG.L with an annualized return of 26.77%, while SDHG.L has yielded a comparatively lower 5.66% annualized return.
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%
SDHG.L
- 1D
- 0.32%
- 1M
- 2.24%
- YTD
- 2.17%
- 6M
- 1.78%
- 1Y
- 8.47%
- 3Y*
- 5.37%
- 5Y*
- 5.73%
- 10Y*
- 5.66%
XLKQ.L vs. SDHG.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 | 20.44% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 21.82% |
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 2.17% | 1.29% | 8.41% | 2.88% | 8.13% | 4.95% | 0.42% | 6.11% | 6.09% | -5.14% |
Correlation
The correlation between XLKQ.L and SDHG.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2013 | 0.45 |
Over the past year, the correlation between XLKQ.L and SDHG.L has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
XLKQ.L vs. SDHG.L — Risk / Return Rank
XLKQ.L
SDHG.L
XLKQ.L vs. SDHG.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 iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.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.
| XLKQ.L | SDHG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.26 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 2.23 | +0.70 |
| Martin ratioReturn relative to average drawdown | 7.59 | 6.78 | +0.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLKQ.L | SDHG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 1.46 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.76 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.62 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.13 | +0.67 |
Drawdowns
XLKQ.L vs. SDHG.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, roughly equal to the maximum SDHG.L drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and SDHG.L.
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Drawdown Indicators
| XLKQ.L | SDHG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -39.18% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -3.79% | -12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -8.95% | -19.79% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -11.66% | -17.08% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -12.32% | -16.42% |
Current DrawdownCurrent decline from peak | -5.48% | -0.23% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -8.08% | -12.59% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.47% | 1.25% | +5.22% |
Volatility
XLKQ.L vs. SDHG.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a higher volatility of 7.40% compared to iShares USD Short Duration High Yield Corporate Bond UCITS ETF (SDHG.L) at 1.46%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than SDHG.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 | SDHG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 1.46% | +5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 4.01% | +10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 5.79% | +13.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.15% | 7.51% | +18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.38% | 9.08% | +14.30% |
XLKQ.L vs. SDHG.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than SDHG.L's 0.45% expense ratio.
Dividends
XLKQ.L vs. SDHG.L - Dividend Comparison
XLKQ.L has not paid dividends to shareholders, while SDHG.L's dividend yield for the trailing twelve months is around 8.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDHG.L iShares USD Short Duration High Yield Corporate Bond UCITS ETF | 8.25% | 6.56% | 6.32% | 5.63% | 4.24% | 4.19% | 5.08% | 5.39% | 5.41% | 5.60% | 5.32% | 4.92% |
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 SDHG.L have a correlation of 0.24, 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 0.45% for SDHG.L.
XLKQ.L is categorized as Technology Equities, while SDHG.L is High Yield Bonds. XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while SDHG.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLKQ.L and 0.45% for SDHG.L.
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