BUYB.L vs. ^GSPC
BUYB.L (Invesco Global Buyback Achievers UCITS ETF) is Global Equities fund tracking the MSCI ACWI NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BUYB.L returned 12.23%/yr vs 13.65%/yr for ^GSPC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
BUYB.L vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, BUYB.L achieves a 6.08% return, which is significantly lower than ^GSPC's 10.79% return. Over the past 10 years, BUYB.L has underperformed ^GSPC with an annualized return of 12.23%, while ^GSPC has yielded a comparatively higher 13.65% annualized return.
BUYB.L
- 1D
- 0.88%
- 1M
- 0.70%
- YTD
- 6.08%
- 6M
- 9.02%
- 1Y
- 24.03%
- 3Y*
- 21.80%
- 5Y*
- 9.80%
- 10Y*
- 12.23%
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
BUYB.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUYB.L Invesco Global Buyback Achievers UCITS ETF | 6.08% | 30.80% | 12.99% | 15.60% | -11.41% | 19.77% | 12.17% | 29.44% | -14.23% | 21.28% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between BUYB.L and ^GSPC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2014 | 0.50 |
The correlation between BUYB.L and ^GSPC has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
BUYB.L vs. ^GSPC — Risk / Return Rank
BUYB.L
^GSPC
BUYB.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BUYB.L) and S&P 500 Index (^GSPC). 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.
| BUYB.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.98 | +0.60 |
| Martin ratioReturn relative to average drawdown | 11.54 | 13.78 | -2.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUYB.L | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.28 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.74 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.76 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.47 | +0.21 |
Drawdowns
BUYB.L vs. ^GSPC - Drawdown Comparison
The maximum BUYB.L drawdown since its inception was -38.99%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BUYB.L and ^GSPC.
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Drawdown Indicators
| BUYB.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.99% | -56.78% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -9.10% | +2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -16.63% | -18.90% | +2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.43% | -25.43% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.99% | -33.92% | -5.07% |
Current DrawdownCurrent decline from peak | -0.38% | -0.33% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -10.72% | +4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.97% | +0.11% |
Volatility
BUYB.L vs. ^GSPC - Volatility Comparison
Invesco Global Buyback Achievers UCITS ETF (BUYB.L) has a higher volatility of 3.30% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that BUYB.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUYB.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 2.88% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 9.00% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 11.89% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 16.90% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 18.06% | -1.08% |
Frequently Asked Questions
BUYB.L and ^GSPC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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