XLKS.L vs. KROP.L
XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, XLKS.L returned 31.32%/yr vs -1.04%/yr for KROP.L. At a 0.36 correlation, their price movements are largely independent. XLKS.L charges 0.14%/yr vs 0.50%/yr for KROP.L.
Performance
XLKS.L vs. KROP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XLKS.L achieves a 17.68% return, which is significantly higher than KROP.L's 14.16% return.
XLKS.L
- 1D
- -0.94%
- 1M
- -2.87%
- 6M
- 20.28%
- YTD
- 17.68%
- 1Y
- 32.56%
- 3Y*
- 31.32%
- 5Y*
- 22.18%
- 10Y*
- 25.36%
KROP.L
- 1D
- 0.00%
- 1M
- 1.11%
- 6M
- 6.61%
- YTD
- 14.16%
- 1Y
- 9.77%
- 3Y*
- -1.04%
- 5Y*
- —
- 10Y*
- —
XLKS.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 17.68% | 24.23% | 41.72% | 60.64% | -20.14% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 14.16% | 7.62% | -8.33% | -22.51% | -24.21% |
Correlation
The correlation between XLKS.L and KROP.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.36 |
Over the past year, the correlation between XLKS.L and KROP.L has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
XLKS.L vs. KROP.L — Risk / Return Rank
XLKS.L
KROP.L
XLKS.L vs. KROP.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 Acc (XLKS.L) and Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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.
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.
| XLKS.L | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.11 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.91 | +1.00 |
| Martin ratioReturn relative to average drawdown | 5.17 | 1.87 | +3.30 |
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Drawdowns
XLKS.L vs. KROP.L - Drawdown Comparison
The maximum XLKS.L drawdown since its inception was -34.26%, smaller than the maximum KROP.L drawdown of -52.04%. Use the drawdown chart below to compare losses from any high point for XLKS.L and KROP.L.
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Drawdown Indicators
| XLKS.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -52.04% | +17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -16.99% | -10.68% | -6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -27.32% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -34.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | — | — |
Current DrawdownCurrent decline from peak | -7.74% | -38.04% | +30.30% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -36.93% | +31.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.28% | 5.21% | +1.07% |
Volatility
XLKS.L vs. KROP.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a higher volatility of 7.31% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.31%. This indicates that XLKS.L's price experiences larger fluctuations and is considered to be riskier than KROP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLKS.L | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 4.31% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 17.62% | 12.96% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 16.56% | +5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 21.25% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.18% | 21.25% | +0.93% |
XLKS.L vs. KROP.L - Expense Ratio Comparison
XLKS.L has a 0.14% expense ratio, which is lower than KROP.L's 0.50% expense ratio.
Dividends
XLKS.L vs. KROP.L - Dividend Comparison
Neither XLKS.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
XLKS.L and KROP.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKS.L is cheaper with a 0.14% expense ratio, compared with 0.50% for KROP.L.
XLKS.L tracks S&P® Select Sector Capped 20% Technology Index, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.14% for XLKS.L and 0.50% for KROP.L.
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