XLKQ.L vs. XXTW.L
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) are both Technology Equities funds - XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index while XXTW.L tracks the MSCI World Information Technology 20/35 Custom index. Both are passively managed. Over the past year, XLKQ.L returned 53.44% vs 53.00% for XXTW.L. With a 0.99 correlation, they move nearly in lockstep. XLKQ.L charges 0.14%/yr vs 0.25%/yr for XXTW.L.
Performance
XLKQ.L vs. XXTW.L - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while XXTW.L is traded in GBP. To make them comparable, the XXTW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XLKQ.L having a 23.81% return and XXTW.L slightly higher at 24.48%.
XLKQ.L
- 1D
- -2.23%
- 1M
- 12.27%
- YTD
- 23.81%
- 6M
- 21.73%
- 1Y
- 53.44%
- 3Y*
- 33.18%
- 5Y*
- 26.60%
- 10Y*
- 27.22%
XXTW.L
- 1D
- -1.87%
- 1M
- 15.15%
- YTD
- 24.48%
- 6M
- 22.94%
- 1Y
- 53.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLKQ.L vs. XXTW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 23.81% | 15.76% | 44.03% | 14.67% |
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 24.48% | 13.82% | 36.21% | 14.56% |
Correlation
The correlation between XLKQ.L and XXTW.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.99 |
The correlation between XLKQ.L and XXTW.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
XLKQ.L vs. XXTW.L — Risk / Return Rank
XLKQ.L
XXTW.L
XLKQ.L vs. XXTW.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 Xtrackers MSCI World Information Technology UCITS ETF (XXTW.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 | XXTW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.45 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.14 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.42 | 8.22 | +0.21 |
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 | XXTW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 2.73 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.52 | -0.19 |
Drawdowns
XLKQ.L vs. XXTW.L - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -28.74%, roughly equal to the maximum XXTW.L drawdown of -28.44%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and XXTW.L.
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Drawdown Indicators
| XLKQ.L | XXTW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.74% | -28.44% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -16.79% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | — | — |
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 | -2.84% | -2.31% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.02% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 6.43% | +0.02% |
Volatility
XLKQ.L vs. XXTW.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) and Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) have volatilities of 6.83% and 6.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLKQ.L | XXTW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 6.76% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 14.37% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 19.30% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.04% | 21.48% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 21.48% | +0.17% |
XLKQ.L vs. XXTW.L - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than XXTW.L'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. XXTW.L - Dividend Comparison
Neither XLKQ.L nor XXTW.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, XLKQ.L and XXTW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XXTW.L.
XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while XXTW.L tracks MSCI World Information Technology 20/35 Custom index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.14% for XLKQ.L and 0.25% for XXTW.L.
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