CESG.L vs. SPXE.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while SPXE.L is a S&P 500 fund tracking the S&P 500 Scored & Screened Index. CESG.L is actively managed, while SPXE.L is passively managed. Over the past 5 years, CESG.L returned 5.53%/yr vs 13.46%/yr for SPXE.L. A 0.68 correlation means they provide meaningful diversification when combined. CESG.L charges 0.75%/yr vs 0.09%/yr for SPXE.L.
Performance
CESG.L vs. SPXE.L - Performance Comparison
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Returns By Period
In the year-to-date period, CESG.L achieves a 3.98% return, which is significantly lower than SPXE.L's 8.48% return.
CESG.L
- 1D
- 0.93%
- 1M
- 3.53%
- 6M
- 4.17%
- YTD
- 3.98%
- 1Y
- 6.69%
- 3Y*
- 9.84%
- 5Y*
- 5.53%
- 10Y*
- —
SPXE.L
- 1D
- -1.23%
- 1M
- -1.46%
- 6M
- 7.68%
- YTD
- 8.48%
- 1Y
- 22.18%
- 3Y*
- 19.17%
- 5Y*
- 13.46%
- 10Y*
- —
CESG.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 3.98% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.48% | 17.97% | 24.55% | 28.40% | -18.00% | 27.16% |
Correlation
The correlation between CESG.L and SPXE.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.68 |
Over the past year, the correlation between CESG.L and SPXE.L has dropped to 0.39 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
CESG.L vs. SPXE.L — Risk / Return Rank
CESG.L
SPXE.L
CESG.L vs. SPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.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.
| CESG.L | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.51 | -1.75 |
| Martin ratioReturn relative to average drawdown | 1.95 | 10.68 | -8.73 |
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Drawdowns
CESG.L vs. SPXE.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum SPXE.L drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for CESG.L and SPXE.L.
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Drawdown Indicators
| CESG.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -24.15% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -8.79% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -19.14% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -23.93% | +1.24% |
Current DrawdownCurrent decline from peak | -0.31% | -2.05% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -4.70% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.07% | +1.35% |
Volatility
CESG.L vs. SPXE.L - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) has a higher volatility of 3.47% compared to Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) at 3.04%. This indicates that CESG.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
| CESG.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.04% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 9.31% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 11.92% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 16.20% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 19.18% | -6.65% |
CESG.L vs. SPXE.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than SPXE.L's 0.09% expense ratio.
Dividends
CESG.L vs. SPXE.L - Dividend Comparison
Neither CESG.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and SPXE.L have a correlation of 0.39, 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 0.75% for CESG.L.
CESG.L is categorized as ESG, while SPXE.L is S&P 500. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.75% for CESG.L and 0.09% for SPXE.L.
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