XLKQ.L vs. VPNG.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and VPNG.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating) are both Technology Equities funds - XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index while VPNG.L tracks the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, XLKQ.L returned 31.40%/yr vs 32.74%/yr for VPNG.L. A 0.56 correlation means they provide meaningful diversification when combined. XLKQ.L charges 0.14%/yr vs 0.50%/yr for VPNG.L.
Performance
XLKQ.L vs. VPNG.L - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while VPNG.L is traded in GBP. To make them comparable, the VPNG.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 17.69% return, which is significantly lower than VPNG.L's 50.33% return.
XLKQ.L
- 1D
- -1.80%
- 1M
- -1.94%
- YTD
- 17.69%
- 6M
- 17.84%
- 1Y
- 40.78%
- 3Y*
- 31.40%
- 5Y*
- 23.86%
- 10Y*
- 26.12%
VPNG.L
- 1D
- 0.00%
- 1M
- 2.81%
- YTD
- 50.33%
- 6M
- 53.35%
- 1Y
- 74.81%
- 3Y*
- 32.74%
- 5Y*
- —
- 10Y*
- —
XLKQ.L vs. VPNG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 17.69% | 15.76% | 44.03% | 51.84% | -20.58% | 1.66% |
VPNG.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating | 50.33% | 20.65% | 15.20% | 11.28% | -22.01% | 1.90% |
Correlation
The correlation between XLKQ.L and VPNG.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021 | 0.56 |
The correlation between XLKQ.L and VPNG.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
XLKQ.L vs. VPNG.L — Risk / Return Rank
XLKQ.L
VPNG.L
XLKQ.L vs. VPNG.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 Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.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 | VPNG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 5.29 | -2.87 |
| Martin ratioReturn relative to average drawdown | 6.12 | 17.74 | -11.62 |
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Drawdowns
XLKQ.L vs. VPNG.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, which is greater than VPNG.L's maximum drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and VPNG.L.
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Drawdown Indicators
| XLKQ.L | VPNG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -26.74% | -11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -14.22% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -26.74% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | — | — |
Current DrawdownCurrent decline from peak | -7.64% | -2.90% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -11.41% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.65% | 4.24% | +2.41% |
Volatility
XLKQ.L vs. VPNG.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a higher volatility of 8.74% compared to Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L) at 7.10%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than VPNG.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 | VPNG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.74% | 7.10% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 16.12% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 23.22% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.31% | 20.87% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 20.87% | +2.52% |
XLKQ.L vs. VPNG.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than VPNG.L's 0.50% expense ratio.
Dividends
XLKQ.L vs. VPNG.L - Dividend Comparison
Neither XLKQ.L nor VPNG.L has paid dividends to shareholders.
Frequently Asked Questions
XLKQ.L and VPNG.L have a correlation of 0.58, 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 VPNG.L.
XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while VPNG.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.14% for XLKQ.L and 0.50% for VPNG.L.
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