XLKQ.L vs. TRIA.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and TRIA.L (Invesco US Treasury Bond 0-1 Year 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 TRIA.L is a Government Bonds fund tracking the Invesco US Treasury Bond 0-1 Year UCITS ETF. Both are passively managed. Over the past 5 years, XLKQ.L returned 22.68%/yr vs 3.70%/yr for TRIA.L. At a 0.05 correlation, their price movements are largely independent. XLKQ.L charges 0.14%/yr vs 0.06%/yr for TRIA.L.
Performance
XLKQ.L vs. TRIA.L - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while TRIA.L is traded in USD. To make them comparable, the TRIA.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 higher than TRIA.L's 1.41% 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%
TRIA.L
- 1D
- 0.00%
- 1M
- -0.59%
- 6M
- 1.10%
- YTD
- 1.41%
- 1Y
- 2.90%
- 3Y*
- 3.47%
- 5Y*
- 3.70%
- 10Y*
- —
XLKQ.L vs. TRIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 27.82% |
TRIA.L Invesco US Treasury Bond 0-1 Year UCITS ETF | 1.41% | -3.10% | 7.01% | -0.28% | 12.49% | 0.95% | -3.43% |
Correlation
The correlation between XLKQ.L and TRIA.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.05 |
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Return for Risk
XLKQ.L vs. TRIA.L — Risk / Return Rank
XLKQ.L
TRIA.L
XLKQ.L vs. TRIA.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 US Treasury Bond 0-1 Year UCITS ETF (TRIA.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 | TRIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 0.60 | +1.26 |
| Martin ratioReturn relative to average drawdown | 4.56 | 1.67 | +2.89 |
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Drawdowns
XLKQ.L vs. TRIA.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, which is greater than TRIA.L's maximum drawdown of -19.00%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and TRIA.L.
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Drawdown Indicators
| XLKQ.L | TRIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -19.00% | -19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -5.16% | -11.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -9.82% | -18.92% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -15.97% | -12.77% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | — | — |
Current DrawdownCurrent decline from peak | -7.95% | -6.53% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -10.03% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 1.86% | +5.01% |
Volatility
XLKQ.L vs. TRIA.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a higher volatility of 7.47% compared to Invesco US Treasury Bond 0-1 Year UCITS ETF (TRIA.L) at 1.62%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than TRIA.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 | TRIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 1.62% | +5.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.46% | 5.31% | +11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.19% | 6.80% | +14.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 8.47% | +17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 8.81% | +14.64% |
XLKQ.L vs. TRIA.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is higher than TRIA.L's 0.06% expense ratio. However, 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. TRIA.L - Dividend Comparison
Neither XLKQ.L nor TRIA.L has paid dividends to shareholders.
Frequently Asked Questions
XLKQ.L and TRIA.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIA.L is cheaper with a 0.06% expense ratio, compared with 0.14% for XLKQ.L.
XLKQ.L is categorized as Technology Equities, while TRIA.L is Government Bonds. XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while TRIA.L tracks Invesco US Treasury Bond 0-1 Year UCITS ETF. Their fees differ too: 0.14% for XLKQ.L and 0.06% for TRIA.L.
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