XLKQ.L vs. ZPA5.DE
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both exchange-traded funds - XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index, while ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. Both are passively managed. Over the past year, XLKQ.L returned 29.95% vs 16.44% for ZPA5.DE. A 0.79 correlation means they provide meaningful diversification when combined. XLKQ.L charges 0.14%/yr vs 0.07%/yr for ZPA5.DE.
Performance
XLKQ.L vs. ZPA5.DE - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while ZPA5.DE is traded in EUR. To make them comparable, the ZPA5.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 ZPA5.DE's 6.25% 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%
ZPA5.DE
- 1D
- 0.00%
- 1M
- -1.55%
- 6M
- 7.61%
- YTD
- 6.25%
- 1Y
- 16.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.70%
XLKQ.L vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 16.15% | 15.76% | 44.03% | 4.22% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 6.25% | 8.11% | 28.25% | 4.46% |
Correlation
The correlation between XLKQ.L and ZPA5.DE is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.79 |
The correlation between XLKQ.L and ZPA5.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
XLKQ.L vs. ZPA5.DE — Risk / Return Rank
XLKQ.L
ZPA5.DE
XLKQ.L vs. ZPA5.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 Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.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 | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.79 | +0.99 |
| Martin ratioReturn relative to average drawdown | 4.31 | 1.42 | +2.89 |
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Drawdowns
XLKQ.L vs. ZPA5.DE - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -38.43%, which is greater than ZPA5.DE's maximum drawdown of -21.71%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and ZPA5.DE.
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Drawdown Indicators
| XLKQ.L | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.43% | -21.71% | -16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -20.89% | +4.13% |
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 | -8.84% | -8.24% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -6.00% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 11.61% | -4.67% |
Volatility
XLKQ.L vs. ZPA5.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 Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) at 3.13%. This indicates that XLKQ.L's price experiences larger fluctuations and is considered to be riskier than ZPA5.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 | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 3.13% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 8.27% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 24.49% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 19.22% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 19.22% | +4.24% |
XLKQ.L vs. ZPA5.DE - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is higher than ZPA5.DE's 0.07% 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. ZPA5.DE - Dividend Comparison
Neither XLKQ.L nor ZPA5.DE has paid dividends to shareholders.
Frequently Asked Questions
XLKQ.L and ZPA5.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPA5.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPA5.DE is cheaper with a 0.07% expense ratio, compared with 0.14% for XLKQ.L.
XLKQ.L is categorized as Technology Equities, while ZPA5.DE is ESG. XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.14% for XLKQ.L and 0.07% for ZPA5.DE.
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