500P.L vs. SPXS.L
500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds - 500P.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while SPXS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, 500P.L returned 12.74%/yr vs -54.83%/yr for SPXS.L. Their correlation of 0.90 suggests significant overlap in exposure. 500P.L charges 0.07%/yr vs 0.05%/yr for SPXS.L.
Performance
500P.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
500P.L is traded in GBP, while SPXS.L is traded in USD. To make them comparable, the SPXS.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 7.24% return, which is significantly lower than SPXS.L's 9.10% return.
500P.L
- 1D
- 0.00%
- 1M
- -0.07%
- 6M
- 6.93%
- YTD
- 7.24%
- 1Y
- 17.47%
- 3Y*
- 17.80%
- 5Y*
- 12.74%
- 10Y*
- —
SPXS.L
- 1D
- -1.15%
- 1M
- -1.82%
- 6M
- 7.38%
- YTD
- 9.10%
- 1Y
- -98.80%
- 3Y*
- -74.51%
- 5Y*
- -54.83%
- 10Y*
- -27.66%
500P.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 7.24% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 11.40% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 9.10% | -98.91% | 27.76% | 20.65% | -8.84% | 30.87% | 11.38% |
Correlation
The correlation between 500P.L and SPXS.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.90 |
The correlation between 500P.L and SPXS.L has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
500P.L vs. SPXS.L — Risk / Return Rank
500P.L
SPXS.L
500P.L vs. SPXS.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 UCITS ETF USD (Acc) (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.51 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -1.00 | +2.62 |
| Martin ratioReturn relative to average drawdown | 5.02 | -1.22 | +6.24 |
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Drawdowns
500P.L vs. SPXS.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for 500P.L and SPXS.L.
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Drawdown Indicators
| 500P.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -99.07% | +78.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -99.07% | +88.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -99.07% | +78.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -99.07% | +78.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -1.53% | -98.93% | +97.40% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -7.36% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 80.83% | -77.34% |
Volatility
500P.L vs. SPXS.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) has a higher volatility of 3.56% compared to Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) at 3.15%. This indicates that 500P.L's price experiences larger fluctuations and is considered to be riskier than SPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500P.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.15% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 9.34% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 99.46% | -87.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 46.94% | -31.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 35.32% | -20.29% |
500P.L vs. SPXS.L - Expense Ratio Comparison
500P.L has a 0.07% expense ratio, which is higher than SPXS.L's 0.05% expense ratio. However, 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. SPXS.L - Dividend Comparison
Neither 500P.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
500P.L and SPXS.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.07% for 500P.L.
500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while SPXS.L tracks S&P 500 Index. They also come from different issuers: Franklin and Invesco. Their fees differ too: 0.07% for 500P.L and 0.05% for SPXS.L.
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