XLKQ.L vs. ZPDT.DE
XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - XLKQ.L tracks the S&P Select Sector Capped 20% Technology Index while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 10 years, XLKQ.L returned 27.22%/yr vs 25.25%/yr for ZPDT.DE. Their correlation of 0.91 suggests significant overlap in exposure. XLKQ.L charges 0.14%/yr vs 0.15%/yr for ZPDT.DE.
Performance
XLKQ.L vs. ZPDT.DE - Performance Comparison
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Different Trading Currencies
XLKQ.L is traded in GBp, while ZPDT.DE is traded in EUR. To make them comparable, the ZPDT.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XLKQ.L having a 23.81% return and ZPDT.DE slightly lower at 23.06%. Over the past 10 years, XLKQ.L has outperformed ZPDT.DE with an annualized return of 27.22%, while ZPDT.DE has yielded a comparatively lower 25.25% annualized return.
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%
ZPDT.DE
- 1D
- -2.20%
- 1M
- 11.81%
- YTD
- 23.06%
- 6M
- 21.34%
- 1Y
- 52.36%
- 3Y*
- 26.50%
- 5Y*
- 22.54%
- 10Y*
- 25.25%
XLKQ.L vs. ZPDT.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 | 23.81% | 15.76% | 44.03% | 51.84% | -20.58% | 36.28% | 37.93% | 44.63% | 0.92% | 23.56% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 23.06% | 17.10% | 23.67% | 48.99% | -21.44% | 37.08% | 37.82% | 45.59% | 3.19% | 22.30% |
Correlation
The correlation between XLKQ.L and ZPDT.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.91 |
The correlation between XLKQ.L and ZPDT.DE has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
XLKQ.L vs. ZPDT.DE — Risk / Return Rank
XLKQ.L
ZPDT.DE
XLKQ.L vs. ZPDT.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 SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.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.
| XLKQ.L | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.26 | -0.03 |
| Martin ratioReturn relative to average drawdown | 8.42 | 8.36 | +0.07 |
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 | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 2.67 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.02 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | 1.18 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 1.14 | +0.19 |
Drawdowns
XLKQ.L vs. ZPDT.DE - Drawdown Comparison
The maximum XLKQ.L drawdown since its inception was -28.74%, roughly equal to the maximum ZPDT.DE drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for XLKQ.L and ZPDT.DE.
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Drawdown Indicators
| XLKQ.L | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.74% | -27.76% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.76% | -16.32% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -28.74% | -27.76% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.74% | -27.76% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -28.74% | -27.76% | -0.98% |
Current DrawdownCurrent decline from peak | -2.84% | -2.94% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.07% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 6.38% | +0.07% |
Volatility
XLKQ.L vs. ZPDT.DE - Volatility Comparison
The current volatility for Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) is 6.83%, while SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) has a volatility of 7.27%. This indicates that XLKQ.L experiences smaller price fluctuations and is considered to be less risky than ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.83% | 7.27% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.29% | 14.62% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 19.93% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.04% | 21.84% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.65% | 21.25% | +0.40% |
XLKQ.L vs. ZPDT.DE - Expense Ratio Comparison
XLKQ.L has a 0.14% expense ratio, which is lower than ZPDT.DE's 0.15% 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. ZPDT.DE - Dividend Comparison
Neither XLKQ.L nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, XLKQ.L and ZPDT.DE 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 0.15% for ZPDT.DE.
XLKQ.L tracks S&P Select Sector Capped 20% Technology Index, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.14% for XLKQ.L and 0.15% for ZPDT.DE.
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