^SPXEW vs. SPEX.L

Last updated Apr 1, 2026

Compare and contrast key facts about S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L).

SPEX.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 6, 2021.

Performance

^SPXEW vs. SPEX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L). The values are adjusted to include any dividend payments, if applicable.

^SPXEW vs. SPEX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
^SPXEW S&P 500 Equal Weighted Index	0.19%	9.34%	10.90%	11.56%	-13.11%	12.67%
SPEX.L Invesco S&P 500 Equal Weight UCITS ETF Acc	-1.04%	11.74%	12.18%	13.32%	-11.89%	26.40%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ^SPXEW achieves a 0.19% return, which is significantly higher than SPEX.L's -1.04% return.

^SPXEW

• 1D: 2.02%
• 1M: -6.18%
• YTD: 0.19%
• 6M: 1.11%
• 1Y: 10.74%
• 3Y*: 9.79%
• 5Y*: 5.99%
• 10Y*: 9.27%

SPEX.L

• 1D: 0.34%
• 1M: -6.56%
• YTD: -1.04%
• 6M: 1.70%
• 1Y: 12.10%
• 3Y*: 11.44%
• 5Y*: —
• 10Y*: —

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

Return for Risk

^SPXEW vs. SPEX.L — Risk / Return Rank

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

^SPXEW

^SPXEW Risk / Return Rank: 48
^SPXEW Sharpe Ratio Rank: 46
^SPXEW Sortino Ratio Rank: 42
^SPXEW Omega Ratio Rank: 44
^SPXEW Calmar Ratio Rank: 50
^SPXEW Martin Ratio Rank: 59

SPEX.L

SPEX.L Risk / Return Rank: 34
SPEX.L Sharpe Ratio Rank: 35
SPEX.L Sortino Ratio Rank: 33
SPEX.L Omega Ratio Rank: 34
SPEX.L Calmar Ratio Rank: 32
SPEX.L Martin Ratio Rank: 34

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.

^SPXEW vs. SPEX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Equal Weighted Index (^SPXEW) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.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.

	^SPXEW	SPEX.L	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.78	-0.16
Sortino ratio Return per unit of downside risk	1.00	1.15	-0.15
Omega ratio Gain probability vs. loss probability	1.14	1.16	-0.02
Calmar ratio Return relative to maximum drawdown	0.92	0.91	0.00
Martin ratio Return relative to average drawdown	4.08	4.23	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPXEW vs. SPEX.L - Sharpe Ratio Comparison

The current ^SPXEW Sharpe Ratio is 0.63, which is comparable to the SPEX.L Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of ^SPXEW and SPEX.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SPXEW	SPEX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.78	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.32	+0.16

Correlation

The correlation between ^SPXEW and SPEX.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

^SPXEW vs. SPEX.L - Drawdown Comparison

The maximum ^SPXEW drawdown since its inception was -60.83%, which is greater than SPEX.L's maximum drawdown of -24.41%. Use the drawdown chart below to compare losses from any high point for ^SPXEW and SPEX.L.

Drawdown Indicators

	^SPXEW	SPEX.L	Difference
Max Drawdown Largest peak-to-trough decline	-60.83%	-25.19%	-35.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-11.40%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.21%	—	—
Current Drawdown Current decline from peak	-6.18%	-8.42%	+2.24%
Average Drawdown Average peak-to-trough decline	-7.05%	-8.87%	+1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.91%	-0.07%

Volatility

^SPXEW vs. SPEX.L - Volatility Comparison

S&P 500 Equal Weighted Index (^SPXEW) has a higher volatility of 4.46% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) at 3.64%. This indicates that ^SPXEW's price experiences larger fluctuations and is considered to be riskier than SPEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SPXEW	SPEX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.64%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	7.32%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	15.37%	+1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	29.86%	-13.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	29.86%	-11.43%