XLPS.L vs. TQQQ

Last updated Jun 5, 2026

XLPS.L (Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - XLPS.L is a Consumer Staples Equities fund tracking the S&P® Select Sector Capped 20% Consumer Staples Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, XLPS.L returned 7.56%/yr vs 44.95%/yr for TQQQ. At a 0.16 correlation, their price movements are largely independent. XLPS.L charges 0.14%/yr vs 0.95%/yr for TQQQ.

Performance

XLPS.L vs. TQQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, XLPS.L achieves a 6.41% return, which is significantly lower than TQQQ's 61.91% return. Over the past 10 years, XLPS.L has underperformed TQQQ with an annualized return of 7.56%, while TQQQ has yielded a comparatively higher 44.95% annualized return.

XLPS.L

• 1D: 0.05%
• 1M: -2.80%
• YTD: 6.41%
• 6M: 6.85%
• 1Y: 2.14%
• 3Y*: 8.35%
• 5Y*: 6.76%
• 10Y*: 7.56%

TQQQ

• 1D: -1.55%
• 1M: 26.46%
• YTD: 61.91%
• 6M: 54.01%
• 1Y: 132.34%
• 3Y*: 68.49%
• 5Y*: 27.97%
• 10Y*: 44.95%

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

XLPS.L vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLPS.L Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc	6.41%	3.99%	14.25%	-0.26%	-0.17%	18.05%	9.16%	26.86%	-9.41%	12.41%
TQQQ ProShares UltraPro QQQ	61.91%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between XLPS.L and TQQQ is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.18
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.16

The correlation between XLPS.L and TQQQ shifts across timeframes, from -0.18 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

XLPS.L vs. TQQQ - Sectors Allocation Comparison

Sectors	XLPS.L	TQQQ
Consumer Cyclical	98.8%	12.3%
Technology	1.0%	53.8%
Industrials	0.2%	2.8%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

XLPS.L vs. TQQQ — Risk / Return Rank

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

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

TQQQ

TQQQ Risk / Return Rank: 71
TQQQ Sharpe Ratio Rank: 86
TQQQ Sortino Ratio Rank: 67
TQQQ Omega Ratio Rank: 66
TQQQ Calmar Ratio Rank: 73
TQQQ Martin Ratio Rank: 66

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.

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

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

	XLPS.L	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.16	2.80	-2.64
Sortino ratio: Return per unit of downside risk	0.32	3.01	-2.69
Omega ratio: Gain probability vs. loss probability	1.04	1.39	-0.35
Calmar ratio: Return relative to maximum drawdown	0.23	3.60	-3.37
Martin ratio: Return relative to average drawdown	0.48	11.77	-11.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLPS.L vs. TQQQ - Sharpe Ratio Comparison

The current XLPS.L Sharpe Ratio is 0.16, which is lower than the TQQQ Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of XLPS.L and TQQQ, 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

	XLPS.L	TQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	2.80	-2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.42	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.68	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.74	+0.08

Drawdowns

XLPS.L vs. TQQQ - Drawdown Comparison

The maximum XLPS.L drawdown since its inception was -23.98%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for XLPS.L and TQQQ.

Drawdown Indicators

	XLPS.L	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-23.98%	-81.66%	+57.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-36.97%	+27.65%
Max Drawdown (3Y) Largest decline over 3 years	-12.43%	-58.04%	+45.61%
Max Drawdown (5Y) Largest decline over 5 years	-17.31%	-81.66%	+64.35%
Max Drawdown (10Y) Largest decline over 10 years	-23.98%	-81.66%	+57.68%
Current Drawdown Current decline from peak	-8.06%	-2.29%	-5.77%
Average Drawdown Average peak-to-trough decline	-3.71%	-18.52%	+14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	11.28%	-6.86%

Volatility

XLPS.L vs. TQQQ - Volatility Comparison

The current volatility for Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc (XLPS.L) is 5.56%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.35%. This indicates that XLPS.L experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLPS.L	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	13.35%	-7.79%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	36.04%	-24.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.64%	47.60%	-33.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.25%	66.50%	-53.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.62%	65.95%	-52.33%

XLPS.L vs. TQQQ - Expense Ratio Comparison

XLPS.L has a 0.14% expense ratio, which is lower than TQQQ's 0.95% expense ratio.

Dividends

XLPS.L vs. TQQQ - Dividend Comparison

XLPS.L has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TQQQ ProShares UltraPro QQQ	0.37%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%
XLPS.L Invesco Consumer Staples S&P US Select Sector UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

XLPS.L and TQQQ have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLPS.L or TQQQ?

On fees, XLPS.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, XLPS.L or TQQQ?

XLPS.L is cheaper with a 0.14% expense ratio, compared with 0.95% for TQQQ.

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

XLPS.L is categorized as Consumer Staples Equities, while TQQQ is Leveraged Equities. XLPS.L tracks S&P® Select Sector Capped 20% Consumer Staples Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.14% for XLPS.L and 0.95% for TQQQ.