- Issuer
- Invesco
- Inception Date
- May 20, 2010
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco S&P 500 UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
SPXS.L Performance Chart
Invesco S&P 500 UCITS ETF (SPXS.L) is up 10.2% since the beginning of the year. SPXS.L is currently trading at $15 per share. Investors who bought $1,000 worth of SPXS.L shares 5 years ago would now be looking at an investment worth $19.
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Returns By Period
Invesco S&P 500 UCITS ETF (SPXS.L) has returned 10.20% so far this year and -98.78% over the past 12 months. Over the last ten years, SPXS.L has returned -27.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
Invesco S&P 500 UCITS ETF
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
SPXS.L Monthly Returns History
Based on dividend-adjusted daily data since May 20, 2010, SPXS.L's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2026 with a return of +11.5%, while the worst month was Nov 2025 at -99.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPXS.L closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Nov 17, 2025 at -99.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.58% | -0.58% | -6.40% | 11.50% | 5.92% | -1.32% | 1.01% | 10.20% | |||||
| 2025 | 3.07% | -3.58% | -5.54% | -0.75% | 7.30% | 4.99% | 3.27% | 1.18% | 3.09% | 2.99% | -99.00% | 0.95% | -98.82% |
| 2024 | 2.09% | 4.15% | 3.53% | -3.14% | 2.61% | 5.79% | 0.62% | 1.40% | 2.50% | -0.01% | 5.42% | -1.57% | 25.56% |
| 2023 | 5.77% | -1.40% | 2.68% | 1.84% | 0.52% | 6.66% | 3.31% | -1.23% | -4.49% | -3.16% | 9.28% | 5.31% | 27.00% |
| 2022 | -6.33% | -1.82% | 4.98% | -7.83% | -2.45% | -8.10% | 8.46% | -2.67% | -7.78% | 5.79% | 2.41% | -3.15% | -18.53% |
| 2021 | 0.10% | 3.01% | 3.79% | 5.20% | 0.86% | 2.02% | 2.42% | 3.26% | -3.91% | 5.79% | -0.14% | 4.24% | 29.64% |
Benchmark Metrics
Invesco S&P 500 UCITS ETF has an annualized alpha of 1.02%, beta of 0.57, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since May 20, 2010.
- This ETF participated in 88.90% of S&P 500 Index downside but only -9.44% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.57 may look defensive, but with R2 of 0.11 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.02%
- Beta
- 0.57
- R²
- 0.11
- Upside Capture
- -9.44%
- Downside Capture
- 88.90%
Expense Ratio
SPXS.L has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
SPXS.L ranks 2 for risk / return — in the bottom 2% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.L) and compare them to S&P 500 Index.
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.
| SPXS.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.52 | 1.31 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.35 | -3.35 |
| Martin ratioReturn relative to average drawdown | -1.23 | 10.19 | -11.42 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco S&P 500 UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco S&P 500 UCITS ETF was 99.07%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Invesco S&P 500 UCITS ETF drawdown is 98.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-99.07%Mar 2026 | 5mo 1d | — | 8mo 19dOct 2025 - now | — |
-33.96%Mar 2020 | 1mo 2d | 4mo 21d | 5mo 23dFeb 2020 - Aug 2020 | COVID crash2020 |
-24.26%Oct 2022 | 9mo 15d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 | Bear market2022 |
-19.24%Oct 2011 | 5mo 3d | 4mo 6d | 9mo 9dMay 2011 - Feb 2012 | — |
-18.44%Apr 2025 | 1mo 18d | 2mo 18d | 4mo 6dFeb 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| SPXS.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -56.78% | -42.29% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -9.10% | -89.97% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -18.90% | -80.17% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -25.43% | -73.64% |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | -33.92% | -65.15% |
Current DrawdownCurrent decline from peak | -98.90% | -0.49% | -98.41% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -10.70% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.57% | 2.09% | +78.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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