500P.L vs. SPEP.L
500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds - 500P.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, 500P.L returned 13.53%/yr vs 15.11%/yr for SPEP.L. With a 0.97 correlation, they move nearly in lockstep. 500P.L charges 0.07%/yr vs 0.09%/yr for SPEP.L.
Performance
500P.L vs. SPEP.L - Performance Comparison
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Different Trading Currencies
500P.L is traded in GBP, while SPEP.L is traded in GBp. To make them comparable, the SPEP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500P.L achieves a 8.03% return, which is significantly lower than SPEP.L's 10.66% return.
500P.L
- 1D
- 0.00%
- 1M
- 1.20%
- YTD
- 8.03%
- 6M
- 8.24%
- 1Y
- 23.15%
- 3Y*
- 18.75%
- 5Y*
- 13.53%
- 10Y*
- —
SPEP.L
- 1D
- -0.44%
- 1M
- 1.51%
- YTD
- 10.66%
- 6M
- 11.05%
- 1Y
- 30.32%
- 3Y*
- 19.45%
- 5Y*
- 15.11%
- 10Y*
- —
500P.L vs. SPEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 8.03% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 11.40% |
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc | 10.66% | 9.94% | 26.61% | 21.47% | -8.35% | 34.02% | 10.58% |
Correlation
The correlation between 500P.L and SPEP.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.97 |
The correlation between 500P.L and SPEP.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
500P.L vs. SPEP.L — Risk / Return Rank
500P.L
SPEP.L
500P.L vs. SPEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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.
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.
| 500P.L | SPEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.51 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.35 | -2.20 |
| Martin ratioReturn relative to average drawdown | 6.68 | 16.79 | -10.11 |
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Drawdowns
500P.L vs. SPEP.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, roughly equal to the maximum SPEP.L drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for 500P.L and SPEP.L.
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Drawdown Indicators
| 500P.L | SPEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -21.07% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -6.93% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -21.07% | +0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -21.07% | +0.75% |
Current DrawdownCurrent decline from peak | -0.25% | -0.95% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.48% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 1.80% | +1.68% |
Volatility
500P.L vs. SPEP.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) have volatilities of 3.67% and 3.56%, 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.
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Volatility by Period
| 500P.L | SPEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.56% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 7.60% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 10.91% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 20.10% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 20.79% | -5.73% |
500P.L vs. SPEP.L - Expense Ratio Comparison
500P.L has a 0.07% expense ratio, which is lower than SPEP.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
500P.L vs. SPEP.L - Dividend Comparison
Neither 500P.L nor SPEP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, 500P.L and SPEP.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.
On fees, 500P.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
500P.L is cheaper with a 0.07% expense ratio, compared with 0.09% for SPEP.L.
500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while SPEP.L tracks S&P 500 ESG Index. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.07% for 500P.L and 0.09% for SPEP.L.
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