XLKS.L vs. VPNG.L

Last updated Jun 26, 2026

XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) and VPNG.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating) are both Technology Equities funds - XLKS.L tracks the S&P® Select Sector Capped 20% Technology Index while VPNG.L tracks the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, XLKS.L returned 33.08%/yr vs 34.31%/yr for VPNG.L. A 0.59 correlation means they provide meaningful diversification when combined. XLKS.L charges 0.14%/yr vs 0.50%/yr for VPNG.L.

Performance

XLKS.L vs. VPNG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) and Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLKS.L is traded in USD, while VPNG.L is traded in GBP. To make them comparable, the VPNG.L 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 15.55% return, which is significantly lower than VPNG.L's 47.09% return.

XLKS.L

• 1D: -1.44%
• 1M: -3.67%
• YTD: 15.55%
• 6M: 15.20%
• 1Y: 36.78%
• 3Y*: 33.08%
• 5Y*: 22.60%
• 10Y*: 26.13%

VPNG.L

• 1D: 0.00%
• 1M: 0.66%
• YTD: 47.09%
• 6M: 49.54%
• 1Y: 68.47%
• 3Y*: 34.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLKS.L vs. VPNG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc	15.55%	24.23%	41.72%	60.64%	-29.12%	3.38%
VPNG.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating	47.09%	29.76%	13.28%	17.15%	-30.35%	4.42%

Correlation

The correlation between XLKS.L and VPNG.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.59

The correlation between XLKS.L and VPNG.L has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Return for Risk

XLKS.L vs. VPNG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLKS.L

XLKS.L Risk / Return Rank: 52
XLKS.L Sharpe Ratio Rank: 59
XLKS.L Sortino Ratio Rank: 56
XLKS.L Omega Ratio Rank: 53
XLKS.L Calmar Ratio Rank: 50
XLKS.L Martin Ratio Rank: 43

VPNG.L

VPNG.L Risk / Return Rank: 92
VPNG.L Sharpe Ratio Rank: 95
VPNG.L Sortino Ratio Rank: 93
VPNG.L Omega Ratio Rank: 91
VPNG.L Calmar Ratio Rank: 92
VPNG.L Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLKS.L vs. VPNG.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 Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.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	VPNG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.83	-1.11
Sortino ratio: Return per unit of downside risk	2.36	3.69	-1.34
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio: Return relative to maximum drawdown	2.15	4.86	-2.70
Martin ratio: Return relative to average drawdown	6.14	15.97	-9.83

XLKS.L vs. VPNG.L - Sharpe Ratio Comparison

The current XLKS.L Sharpe Ratio is 1.72, which is lower than the VPNG.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of XLKS.L and VPNG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLKS.L vs. VPNG.L - Drawdown Comparison

The maximum XLKS.L drawdown since its inception was -34.26%, smaller than the maximum VPNG.L drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for XLKS.L and VPNG.L.

Drawdown Indicators

	XLKS.L	VPNG.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-38.93%	+4.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.99%	-14.17%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-26.97%	-25.68%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-34.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.26%	—	—
Current Drawdown Current decline from peak	-9.40%	-4.06%	-5.34%
Average Drawdown Average peak-to-trough decline	-5.13%	-14.90%	+9.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.98%	4.30%	+1.68%

Volatility

XLKS.L vs. VPNG.L - Volatility Comparison

Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a higher volatility of 8.83% compared to Global X Data Center REITs & Digital Infrastructure UCITS ETF USD Accumulating (VPNG.L) at 7.17%. This indicates that XLKS.L's price experiences larger fluctuations and is considered to be riskier than VPNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLKS.L	VPNG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.83%	7.17%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	16.92%	17.72%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	21.27%	24.28%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.00%	22.92%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	22.92%	-0.79%

XLKS.L vs. VPNG.L - Expense Ratio Comparison

XLKS.L has a 0.14% expense ratio, which is lower than VPNG.L's 0.50% expense ratio.

Dividends

XLKS.L vs. VPNG.L - Dividend Comparison

Neither XLKS.L nor VPNG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLKS.L and VPNG.L in my portfolio?

XLKS.L and VPNG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLKS.L or VPNG.L?

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.

Which ETF is cheaper, XLKS.L or VPNG.L?

XLKS.L is cheaper with a 0.14% expense ratio, compared with 0.50% for VPNG.L.

What is the main difference between XLKS.L and VPNG.L?

XLKS.L tracks S&P® Select Sector Capped 20% Technology Index, while VPNG.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.14% for XLKS.L and 0.50% for VPNG.L.