ACWI.L vs. G500.L
ACWI.L (SPDR MSCI ACWI UCITS ETF) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - ACWI.L tracks the MSCI ACWI Index while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, ACWI.L returned 11.72%/yr vs 12.15%/yr for G500.L. A 0.74 correlation means they provide meaningful diversification when combined. ACWI.L charges 0.40%/yr vs 0.05%/yr for G500.L.
Performance
ACWI.L vs. G500.L - Performance Comparison
Loading charts...
Different Trading Currencies
ACWI.L is traded in GBP, while G500.L is traded in GBp. To make them comparable, the G500.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ACWI.L achieves a 11.02% return, which is significantly higher than G500.L's 9.90% return.
ACWI.L
- 1D
- -0.59%
- 1M
- -1.00%
- 6M
- 9.32%
- YTD
- 11.02%
- 1Y
- 22.97%
- 3Y*
- 18.01%
- 5Y*
- 11.72%
- 10Y*
- 12.32%
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
ACWI.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ACWI.L SPDR MSCI ACWI UCITS ETF | 11.02% | 14.32% | 19.66% | 15.59% | -8.59% | 20.16% | 12.85% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
Correlation
The correlation between ACWI.L and G500.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.74 |
The correlation between ACWI.L and G500.L shifts across timeframes, from 0.74 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ACWI.L vs. G500.L — Risk / Return Rank
ACWI.L
G500.L
ACWI.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (ACWI.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| ACWI.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.65 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.56 | 10.68 | +1.88 |
Loading charts...
Drawdowns
ACWI.L vs. G500.L - Drawdown Comparison
The maximum ACWI.L drawdown since its inception was -26.07%, roughly equal to the maximum G500.L drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for ACWI.L and G500.L.
Loading charts...
Drawdown Indicators
| ACWI.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.07% | -25.20% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.05% | -8.21% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.07% | -18.22% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -25.20% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -26.07% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -0.66% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -5.31% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.04% | -0.22% |
Volatility
ACWI.L vs. G500.L - Volatility Comparison
SPDR MSCI ACWI UCITS ETF (ACWI.L) has a higher volatility of 3.12% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that ACWI.L's price experiences larger fluctuations and is considered to be riskier than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ACWI.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 2.79% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 9.28% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.02% | 12.06% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 15.99% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 15.87% | +1.73% |
ACWI.L vs. G500.L - Expense Ratio Comparison
ACWI.L has a 0.40% expense ratio, which is higher than G500.L's 0.05% expense ratio.
Dividends
ACWI.L vs. G500.L - Dividend Comparison
Neither ACWI.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
ACWI.L and G500.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, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.40% for ACWI.L.
ACWI.L tracks MSCI ACWI Index, while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for ACWI.L and 0.05% for G500.L.
Find the right allocation for ACWI.L and G500.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer