XLKS.L vs. QDVE.DE
XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both Technology Equities funds - XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index while QDVE.DE tracks the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 10 years, XLKS.L returned 25.85%/yr vs 26.32%/yr for QDVE.DE. Their correlation of 0.93 suggests significant overlap in exposure. XLKS.L charges 0.14%/yr vs 0.15%/yr for QDVE.DE.
Performance
XLKS.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
XLKS.L is traded in USD, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XLKS.L achieves a 19.36% return, which is significantly lower than QDVE.DE's 22.62% return. Both investments have delivered pretty close results over the past 10 years, with XLKS.L having a 25.85% annualized return and QDVE.DE not far ahead at 26.32%.
XLKS.L
- 1D
- -0.29%
- 1M
- 4.38%
- YTD
- 19.36%
- 6M
- 17.34%
- 1Y
- 47.19%
- 3Y*
- 35.42%
- 5Y*
- 24.29%
- 10Y*
- 25.85%
QDVE.DE
- 1D
- -2.15%
- 1M
- 7.34%
- YTD
- 22.62%
- 6M
- 20.94%
- 1Y
- 51.25%
- 3Y*
- 34.37%
- 5Y*
- 24.16%
- 10Y*
- 26.32%
XLKS.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 19.36% | 24.23% | 41.72% | 60.64% | -29.12% | 34.73% | 42.78% | 48.83% | -2.51% | 33.27% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 22.62% | 24.17% | 37.76% | 59.01% | -29.92% | 35.19% | 42.37% | 50.61% | -1.81% | 38.11% |
Correlation
The correlation between XLKS.L and QDVE.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.93 |
The correlation between XLKS.L and QDVE.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
XLKS.L vs. QDVE.DE — Risk / Return Rank
XLKS.L
QDVE.DE
XLKS.L vs. QDVE.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 Acc (XLKS.L) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
| XLKS.L | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.13 | -0.37 |
| Martin ratioReturn relative to average drawdown | 8.23 | 9.51 | -1.28 |
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
| XLKS.L | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.53 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.02 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.17 | 1.19 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.11 | -0.11 |
Drawdowns
XLKS.L vs. QDVE.DE - Drawdown Comparison
The maximum XLKS.L drawdown since its inception was -34.26%, roughly equal to the maximum QDVE.DE drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for XLKS.L and QDVE.DE.
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Drawdown Indicators
| XLKS.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -33.62% | -0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.99% | -16.47% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -26.14% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -34.26% | -33.62% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -33.62% | -0.64% |
Current DrawdownCurrent decline from peak | -6.42% | -3.24% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -5.95% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 5.43% | +0.29% |
Volatility
XLKS.L vs. QDVE.DE - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a higher volatility of 8.05% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.19%. This indicates that XLKS.L's price experiences larger fluctuations and is considered to be riskier than QDVE.DE 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 | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 7.19% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 15.24% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 20.38% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.82% | 23.40% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 22.02% | +0.05% |
XLKS.L vs. QDVE.DE - Expense Ratio Comparison
XLKS.L has a 0.14% expense ratio, which is lower than QDVE.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
XLKS.L vs. QDVE.DE - Dividend Comparison
Neither XLKS.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, XLKS.L and QDVE.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, 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 0.15% for QDVE.DE.
XLKS.L tracks S&P® Select Sector Capped 20% Technology Index, while QDVE.DE tracks S&P 500 Capped 35/20 Information Technology Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLKS.L and 0.15% for QDVE.DE.
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