XLKS.L vs. SHLD.L
XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, XLKS.L returned 21.57%/yr vs 9.10%/yr for SHLD.L. A 0.79 correlation means they provide meaningful diversification when combined. XLKS.L charges 0.14%/yr vs 0.40%/yr for SHLD.L.
Performance
XLKS.L vs. SHLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, XLKS.L achieves a 14.77% return, which is significantly lower than SHLD.L's 16.56% return.
XLKS.L
- 1D
- -1.54%
- 1M
- -4.09%
- 6M
- 15.99%
- YTD
- 14.77%
- 1Y
- 28.26%
- 3Y*
- 30.25%
- 5Y*
- 21.57%
- 10Y*
- 24.97%
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
XLKS.L vs. SHLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 14.77% | 24.23% | 41.72% | 60.64% | -29.12% | 34.73% | 42.78% | 48.83% | -7.90% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
Correlation
The correlation between XLKS.L and SHLD.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.79 |
The correlation between XLKS.L and SHLD.L shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLKS.L vs. SHLD.L — Risk / Return Rank
XLKS.L
SHLD.L
XLKS.L vs. SHLD.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 iShares Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.91 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.45 | 4.12 | +0.33 |
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Drawdowns
XLKS.L vs. SHLD.L - Drawdown Comparison
The maximum XLKS.L drawdown since its inception was -34.26%, smaller than the maximum SHLD.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for XLKS.L and SHLD.L.
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Drawdown Indicators
| XLKS.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -36.07% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.99% | -11.40% | -5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -22.72% | -4.25% |
Max Drawdown (5Y)Largest decline over 5 years | -34.26% | -36.07% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | — | — |
Current DrawdownCurrent decline from peak | -10.02% | -5.36% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -9.27% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 5.28% | +1.06% |
Volatility
XLKS.L vs. SHLD.L - Volatility Comparison
Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a higher volatility of 7.44% compared to iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) at 6.81%. This indicates that XLKS.L's price experiences larger fluctuations and is considered to be riskier than SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 6.81% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 18.09% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.01% | 21.64% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.14% | 21.39% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.19% | 21.22% | +0.97% |
XLKS.L vs. SHLD.L - Expense Ratio Comparison
XLKS.L has a 0.14% expense ratio, which is lower than SHLD.L's 0.40% expense ratio.
Dividends
XLKS.L vs. SHLD.L - Dividend Comparison
XLKS.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XLKS.L and SHLD.L have a correlation of 0.66, 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 0.40% for SHLD.L.
XLKS.L tracks S&P® Select Sector Capped 20% Technology Index, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.14% for XLKS.L and 0.40% for SHLD.L.
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