BYBU.L vs. SPXE.L
BYBU.L (Amundi S&P 500 Buyback ETF-C USD) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds - BYBU.L tracks the S&P 500 Buyback NTR while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, BYBU.L returned 10.24%/yr vs 13.46%/yr for SPXE.L. A 0.77 correlation means they provide meaningful diversification when combined. BYBU.L charges 0.15%/yr vs 0.09%/yr for SPXE.L.
Performance
BYBU.L vs. SPXE.L - Performance Comparison
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Returns By Period
In the year-to-date period, BYBU.L achieves a 9.15% return, which is significantly higher than SPXE.L's 8.48% return.
BYBU.L
- 1D
- -0.17%
- 1M
- 0.63%
- 6M
- 6.98%
- YTD
- 9.15%
- 1Y
- 18.65%
- 3Y*
- 15.73%
- 5Y*
- 10.24%
- 10Y*
- 12.89%
SPXE.L
- 1D
- -1.23%
- 1M
- -1.46%
- 6M
- 7.68%
- YTD
- 8.48%
- 1Y
- 22.18%
- 3Y*
- 19.17%
- 5Y*
- 13.46%
- 10Y*
- —
BYBU.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BYBU.L Amundi S&P 500 Buyback ETF-C USD | 9.15% | 17.38% | 14.02% | 15.99% | -11.79% | 34.22% | 33.25% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.48% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
Correlation
The correlation between BYBU.L and SPXE.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.77 |
The correlation between BYBU.L and SPXE.L shifts across timeframes, from 0.65 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BYBU.L vs. SPXE.L — Risk / Return Rank
BYBU.L
SPXE.L
BYBU.L vs. SPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Buyback ETF-C USD (BYBU.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.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.
| BYBU.L | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.51 | +1.06 |
| Martin ratioReturn relative to average drawdown | 9.86 | 10.68 | -0.82 |
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Drawdowns
BYBU.L vs. SPXE.L - Drawdown Comparison
The maximum BYBU.L drawdown since its inception was -43.01%, which is greater than SPXE.L's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for BYBU.L and SPXE.L.
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Drawdown Indicators
| BYBU.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.01% | -24.15% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -8.79% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -19.14% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -23.93% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -2.05% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -5.55% | -4.70% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.07% | -0.18% |
Volatility
BYBU.L vs. SPXE.L - Volatility Comparison
Amundi S&P 500 Buyback ETF-C USD (BYBU.L) has a higher volatility of 3.29% compared to Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) at 3.04%. This indicates that BYBU.L's price experiences larger fluctuations and is considered to be riskier than SPXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BYBU.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.04% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 9.31% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 11.92% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 16.20% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 19.18% | -0.47% |
BYBU.L vs. SPXE.L - Expense Ratio Comparison
BYBU.L has a 0.15% expense ratio, which is higher than SPXE.L's 0.09% 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
BYBU.L vs. SPXE.L - Dividend Comparison
Neither BYBU.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
BYBU.L and SPXE.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXE.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXE.L is cheaper with a 0.09% expense ratio, compared with 0.15% for BYBU.L.
BYBU.L tracks S&P 500 Buyback NTR, while SPXE.L tracks S&P 500 Scored & Screened Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.15% for BYBU.L and 0.09% for SPXE.L.
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