XLPP.L vs. XLYS.L

Last updated Jun 5, 2026

XLPP.L (Invesco US Consumer Staples Sector UCITS ETF) and XLYS.L (Invesco Consumer Discretionary 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 XLYS.L tracks the S&P® Select Sector Capped 20% Consumer Discretionary Index. Both are passively managed. Over the past 10 years, XLPP.L returned 8.36%/yr vs 13.68%/yr for XLYS.L. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.14% expense ratio.

Performance

XLPP.L vs. XLYS.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 Discretionary S&P US Select Sector UCITS ETF Acc (XLYS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLPP.L is traded in GBp, while XLYS.L is traded in USD. To make them comparable, the XLYS.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 higher than XLYS.L's -2.46% return. Over the past 10 years, XLPP.L has underperformed XLYS.L with an annualized return of 8.36%, while XLYS.L has yielded a comparatively higher 13.68% annualized return.

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%

XLYS.L

• 1D: 0.33%
• 1M: 0.33%
• YTD: -2.46%
• 6M: -1.94%
• 1Y: 10.70%
• 3Y*: 12.62%
• 5Y*: 9.68%
• 10Y*: 13.68%

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

XLPP.L vs. XLYS.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%
XLYS.L Invesco Consumer Discretionary S&P US Select Sector UCITS ETF Acc	-2.46%	-0.02%	30.71%	32.95%	-26.05%	30.03%	22.70%	23.34%	6.41%	11.63%

Correlation

The correlation between XLPP.L and XLYS.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.43

Over the past year, the correlation between XLPP.L and XLYS.L has dropped to 0.06 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

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

Sectors	XLPP.L	XLYS.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. XLYS.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

XLYS.L

XLYS.L Risk / Return Rank: 18
XLYS.L Sharpe Ratio Rank: 18
XLYS.L Sortino Ratio Rank: 19
XLYS.L Omega Ratio Rank: 17
XLYS.L Calmar Ratio Rank: 18
XLYS.L Martin Ratio Rank: 19

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. XLYS.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 Discretionary S&P US Select Sector UCITS ETF Acc (XLYS.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	XLYS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.22	0.62	-0.40
Sortino ratio: Return per unit of downside risk	0.42	0.99	-0.57
Omega ratio: Gain probability vs. loss probability	1.05	1.12	-0.07
Calmar ratio: Return relative to maximum drawdown	0.33	0.84	-0.51
Martin ratio: Return relative to average drawdown	0.81	2.30	-1.49
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. XLYS.L - Sharpe Ratio Comparison

The current XLPP.L Sharpe Ratio is 0.22, which is lower than the XLYS.L Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of XLPP.L and XLYS.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	XLYS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.62	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.45	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.66	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.89	-0.17

Drawdowns

XLPP.L vs. XLYS.L - Drawdown Comparison

The maximum XLPP.L drawdown since its inception was -18.86%, smaller than the maximum XLYS.L drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for XLPP.L and XLYS.L.

Drawdown Indicators

	XLPP.L	XLYS.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.86%	-30.56%	+11.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-12.67%	+3.31%
Max Drawdown (3Y) Largest decline over 3 years	-11.62%	-27.40%	+15.78%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	-30.56%	+16.84%
Max Drawdown (10Y) Largest decline over 10 years	-18.86%	-30.56%	+11.70%
Current Drawdown Current decline from peak	-7.49%	-7.42%	-0.07%
Average Drawdown Average peak-to-trough decline	-4.55%	-6.18%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	4.63%	-0.75%

Volatility

XLPP.L vs. XLYS.L - Volatility Comparison

Invesco US Consumer Staples Sector UCITS ETF (XLPP.L) has a higher volatility of 6.28% compared to Invesco Consumer Discretionary S&P US Select Sector UCITS ETF Acc (XLYS.L) at 5.49%. This indicates that XLPP.L's price experiences larger fluctuations and is considered to be riskier than XLYS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLPP.L	XLYS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	5.49%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	13.27%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	17.17%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.35%	21.57%	-8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.43%	20.72%	-6.29%

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

Both XLPP.L and XLYS.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. XLYS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

XLPP.L and XLYS.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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