XLKQ.L vs. XLK
Compare and contrast key facts about Invesco US Technology Sector UCITS ETF (XLKQ.L) and Technology Select Sector SPDR Fund (XLK).
XLKQ.L and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both XLKQ.L and XLK 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 XLK.
Performance
XLKQ.L vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, XLKQ.L achieves a 37.51% return, which is significantly higher than XLK's 19.44% return. Over the past 10 years, XLKQ.L has outperformed XLK with an annualized return of 24.03%, while XLK has yielded a comparatively lower 20.13% annualized return.
XLKQ.L
37.51%
3.50%
16.56%
42.38%
26.21%
24.03%
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| XLKQ.L | XLK | |
|---|---|---|
| Sharpe Ratio | 2.04 | 1.22 |
| Sortino Ratio | 2.71 | 1.68 |
| Omega Ratio | 1.35 | 1.23 |
| Calmar Ratio | 2.93 | 1.56 |
| Martin Ratio | 8.82 | 5.38 |
| Ulcer Index | 4.76% | 4.91% |
| Daily Std Dev | 20.45% | 21.72% |
| Max Drawdown | -23.83% | -82.05% |
| Current Drawdown | -1.90% | -3.67% |
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XLKQ.L vs. XLK - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is higher than XLK's 0.13% 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%.
Correlation
The correlation between XLKQ.L and XLK is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
XLKQ.L vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Technology Sector UCITS ETF (XLKQ.L) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
XLKQ.L has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLKQ.L Invesco US Technology Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
XLKQ.L vs. XLK - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -23.83%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and XLK. For additional features, visit the drawdowns tool.
Volatility
XLKQ.L vs. XLK - Volatility Comparison
The current volatility for Invesco US Technology Sector UCITS ETF (XLKQ.L) is 5.72%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.32%. This indicates that XLKQ.L experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.