XLPP.L vs. XLPS.L

Last updated Jun 5, 2026

XLPP.L (Invesco US Consumer Staples Sector UCITS ETF) and XLPS.L (Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc) are both Consumer Staples Equities funds from Invesco - XLPP.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while XLPS.L tracks the S&P® Select Sector Capped 20% Consumer Staples Index. Both are passively managed. Over the past 10 years, XLPP.L returned 8.36%/yr vs 8.37%/yr for XLPS.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.14% expense ratio.

Performance

XLPP.L vs. XLPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) and Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc (XLPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLPP.L is traded in GBp, while XLPS.L is traded in USD. To make them comparable, the XLPS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLPP.L achieves a 6.46% return, which is significantly lower than XLPS.L's 6.84% return. Both investments have delivered pretty close results over the past 10 years, with XLPP.L having a 8.36% annualized return and XLPS.L not far ahead at 8.37%.

XLPP.L

• 1D: 0.10%
• 1M: -1.92%
• YTD: 6.46%
• 6M: 6.19%
• 1Y: 3.14%
• 3Y*: 5.55%
• 5Y*: 7.90%
• 10Y*: 8.36%

XLPS.L

• 1D: 0.05%
• 1M: -1.91%
• YTD: 6.84%
• 6M: 6.11%
• 1Y: 3.13%
• 3Y*: 5.63%
• 5Y*: 7.91%
• 10Y*: 8.37%

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

XLPP.L vs. XLPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLPP.L Invesco US Consumer Staples Sector UCITS ETF	6.46%	-2.88%	15.99%	-5.68%	11.45%	19.81%	5.47%	22.94%	-4.14%	2.23%
XLPS.L Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc	6.84%	-3.42%	16.25%	-5.24%	11.70%	19.17%	5.95%	22.03%	-4.03%	2.68%

Correlation

The correlation between XLPP.L and XLPS.L 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	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.92

The correlation between XLPP.L and XLPS.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

XLPP.L vs. XLPS.L - Sectors Allocation Comparison

Sectors	XLPP.L	XLPS.L
Consumer Cyclical	98.8%	98.8%
Technology	1.0%	1.0%
Industrials	0.2%	0.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLPP.L vs. XLPS.L — Risk / Return Rank

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

XLPP.L

XLPP.L Risk / Return Rank: 12
XLPP.L Sharpe Ratio Rank: 13
XLPP.L Sortino Ratio Rank: 12
XLPP.L Omega Ratio Rank: 12
XLPP.L Calmar Ratio Rank: 13
XLPP.L Martin Ratio Rank: 13

XLPS.L

XLPS.L Risk / Return Rank: 11
XLPS.L Sharpe Ratio Rank: 11
XLPS.L Sortino Ratio Rank: 10
XLPS.L Omega Ratio Rank: 11
XLPS.L Calmar Ratio Rank: 12
XLPS.L Martin Ratio Rank: 11

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.

XLPP.L vs. XLPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) and Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc (XLPS.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.

	XLPP.L	XLPS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.21	+0.01
Sortino ratio: Return per unit of downside risk	0.42	0.41	+0.02
Omega ratio: Gain probability vs. loss probability	1.05	1.05	0.00
Calmar ratio: Return relative to maximum drawdown	0.33	0.34	-0.01
Martin ratio: Return relative to average drawdown	0.81	0.81	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLPP.L vs. XLPS.L - Sharpe Ratio Comparison

The current XLPP.L Sharpe Ratio is 0.22, which is comparable to the XLPS.L Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of XLPP.L and XLPS.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.

Sharpe Ratios by Period

	XLPP.L	XLPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.21	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.56	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.55	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.80	-0.08

Drawdowns

XLPP.L vs. XLPS.L - Drawdown Comparison

The maximum XLPP.L drawdown since its inception was -18.86%, roughly equal to the maximum XLPS.L drawdown of -18.63%. Use the drawdown chart below to compare losses from any high point for XLPP.L and XLPS.L.

Drawdown Indicators

	XLPP.L	XLPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.86%	-18.63%	-0.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.06%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-11.49%	-0.13%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-14.17%	+0.45%
Max Drawdown (10Y) Largest decline over 10 years	-18.86%	-18.63%	-0.23%
Current Drawdown Current decline from peak	-7.49%	-7.18%	-0.31%
Average Drawdown Average peak-to-trough decline	-4.55%	-4.56%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	3.84%	+0.04%

Volatility

XLPP.L vs. XLPS.L - Volatility Comparison

Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) and Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc (XLPS.L) have volatilities of 6.28% and 6.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLPP.L	XLPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	6.13%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	12.08%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	14.59%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	14.01%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	15.16%	-0.73%

XLPP.L vs. XLPS.L - Expense Ratio Comparison

Both XLPP.L and XLPS.L have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XLPP.L vs. XLPS.L - Dividend Comparison

Neither XLPP.L nor XLPS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLPP.L and XLPS.L in my portfolio?

With a correlation of 0.95, XLPP.L and XLPS.L 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.

Which ETF is better, XLPP.L or XLPS.L?

Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLPP.L or XLPS.L?

XLPP.L and XLPS.L have the same expense ratio: 0.14% per year.

What is the main difference between XLPP.L and XLPS.L?

XLPP.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while XLPS.L tracks S&P® Select Sector Capped 20% Consumer Staples Index.