XLKQ.L vs. XDEQ.DE
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and XDEQ.DE (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both exchange-traded funds - XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index, while XDEQ.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XLKQ.L returned 24.64%/yr vs 12.36%/yr for XDEQ.DE. A 0.78 correlation means they provide meaningful diversification when combined. XLKQ.L charges 0.14%/yr vs 0.25%/yr for XDEQ.DE.
Performance
XLKQ.L vs. XDEQ.DE - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while XDEQ.DE is traded in EUR. To make them comparable, the XDEQ.DE 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 16.15% return, which is significantly higher than XDEQ.DE's 9.65% return. Over the past 10 years, XLKQ.L has outperformed XDEQ.DE with an annualized return of 24.64%, while XDEQ.DE has yielded a comparatively lower 12.36% annualized return.
XLKQ.L
- 1D
- 1.18%
- 1M
- -5.66%
- 6M
- 19.21%
- YTD
- 16.15%
- 1Y
- 29.95%
- 3Y*
- 28.96%
- 5Y*
- 22.20%
- 10Y*
- 24.64%
- ALL TIME*
- 17.82%
XDEQ.DE
- 1D
- 0.09%
- 1M
- -0.35%
- 6M
- 8.17%
- YTD
- 9.65%
- 1Y
- 19.67%
- 3Y*
- 14.86%
- 5Y*
- 10.44%
- 10Y*
- 12.36%
- ALL TIME*
- 10.20%
XLKQ.L vs. XDEQ.DE - 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 | 16.15% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.38% | 2.54% | 21.82% |
XDEQ.DE Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.65% | 8.22% | 18.41% | 19.40% | -10.13% | 24.91% | 10.38% | 27.20% | -1.96% | 12.82% |
Correlation
The correlation between XLKQ.L and XDEQ.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.78 |
The correlation between XLKQ.L and XDEQ.DE shifts across timeframes, from 0.64 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLKQ.L vs. XDEQ.DE — Risk / Return Rank
XLKQ.L
XDEQ.DE
XLKQ.L vs. XDEQ.DE - 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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE). 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 | XDEQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 2.91 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.31 | 12.20 | -7.90 |
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Drawdowns
XLKQ.L vs. XDEQ.DE - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, which is greater than XDEQ.DE's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and XDEQ.DE.
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Drawdown Indicators
| XLKQ.L | XDEQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -29.03% | -9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -6.74% | -10.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -18.71% | -10.03% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -18.71% | -10.03% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -24.59% | -4.15% |
Current DrawdownCurrent decline from peak | -8.84% | -1.34% | -7.50% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -6.27% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 1.61% | +5.33% |
Volatility
XLKQ.L vs. XDEQ.DE - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a higher volatility of 7.37% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.DE) at 2.82%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than XDEQ.DE 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 | XDEQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 2.82% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 7.32% | +8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 10.31% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 13.77% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 15.58% | +7.88% |
XLKQ.L vs. XDEQ.DE - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than XDEQ.DE's 0.25% 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%.
Dividends
XLKQ.L vs. XDEQ.DE - Dividend Comparison
Neither XLKQ.L nor XDEQ.DE has paid dividends to shareholders.
Frequently Asked Questions
XLKQ.L and XDEQ.DE have a correlation of 0.64, 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 0.25% for XDEQ.DE.
XLKQ.L is categorized as Technology Equities, while XDEQ.DE is Global Equities. XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while XDEQ.DE tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.14% for XLKQ.L and 0.25% for XDEQ.DE.
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