ESPB.L vs. SPXP.L

Last updated Jun 4, 2026

ESPB.L (Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - ESPB.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, ESPB.L returned 21.75%/yr vs 19.50%/yr for SPXP.L. A 0.60 correlation means they provide meaningful diversification when combined. ESPB.L charges 0.12%/yr vs 0.05%/yr for SPXP.L.

Performance

ESPB.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc (ESPB.L) and Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESPB.L achieves a 11.62% return, which is significantly higher than SPXP.L's 10.55% return.

ESPB.L

• 1D: -0.25%
• 1M: 5.65%
• YTD: 11.62%
• 6M: 12.17%
• 1Y: 27.57%
• 3Y*: 21.75%
• 5Y*: —
• 10Y*: —

SPXP.L

• 1D: -0.21%
• 1M: 5.93%
• YTD: 10.55%
• 6M: 10.60%
• 1Y: 29.27%
• 3Y*: 19.50%
• 5Y*: 15.15%
• 10Y*: 16.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESPB.L vs. SPXP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESPB.L Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc	11.62%	14.17%	26.87%	24.58%	-14.72%
SPXP.L Invesco S&P 500 UCITS ETF	10.55%	9.53%	27.58%	20.06%	-0.77%

Correlation

The correlation between ESPB.L and SPXP.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.60

The correlation between ESPB.L and SPXP.L shifts across timeframes, from 0.52 (3 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.

ESPB.L vs. SPXP.L - Sectors Allocation Comparison

Sectors	ESPB.L	SPXP.L
Technology	36.4%	35.6%
Financial Services	14.0%	11.8%
Consumer Cyclical	10.1%	10.1%
Healthcare	9.5%	8.5%
Communication Services	9.0%	11.2%
Industrials	8.7%	8.3%
Consumer Defensive	4.3%	4.9%
Real Estate	2.7%	1.9%
Basic Materials	2.1%	1.8%
Energy	2.0%	3.5%
Utilities	1.3%	2.4%

Return for Risk

ESPB.L vs. SPXP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESPB.L

ESPB.L Risk / Return Rank: 69
ESPB.L Sharpe Ratio Rank: 71
ESPB.L Sortino Ratio Rank: 76
ESPB.L Omega Ratio Rank: 71
ESPB.L Calmar Ratio Rank: 60
ESPB.L Martin Ratio Rank: 69

SPXP.L

SPXP.L Risk / Return Rank: 81
SPXP.L Sharpe Ratio Rank: 84
SPXP.L Sortino Ratio Rank: 81
SPXP.L Omega Ratio Rank: 84
SPXP.L Calmar Ratio Rank: 79
SPXP.L Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESPB.L vs. SPXP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc (ESPB.L) and Invesco S&P 500 UCITS ETF (SPXP.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.

	ESPB.L	SPXP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.78	-0.49
Sortino ratio: Return per unit of downside risk	3.35	3.72	-0.37
Omega ratio: Gain probability vs. loss probability	1.42	1.52	-0.10
Calmar ratio: Return relative to maximum drawdown	2.95	4.11	-1.16
Martin ratio: Return relative to average drawdown	12.70	15.14	-2.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESPB.L vs. SPXP.L - Sharpe Ratio Comparison

The current ESPB.L Sharpe Ratio is 2.28, which is comparable to the SPXP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of ESPB.L and SPXP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESPB.L	SPXP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.78	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.15	-0.19

Drawdowns

ESPB.L vs. SPXP.L - Drawdown Comparison

The maximum ESPB.L drawdown since its inception was -24.51%, roughly equal to the maximum SPXP.L drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for ESPB.L and SPXP.L.

Drawdown Indicators

	ESPB.L	SPXP.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.51%	-25.46%	+0.95%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-7.09%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.57%	-20.77%	+2.20%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.46%	—
Current Drawdown Current decline from peak	-0.25%	-0.21%	-0.04%
Average Drawdown Average peak-to-trough decline	-7.14%	-3.50%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.93%	+0.24%

Volatility

ESPB.L vs. SPXP.L - Volatility Comparison

Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc (ESPB.L) has a higher volatility of 3.46% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.64%. This indicates that ESPB.L's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPB.L	SPXP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	2.64%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	7.24%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	10.56%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.73%	14.23%	+5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.73%	16.22%	+3.51%

ESPB.L vs. SPXP.L - Expense Ratio Comparison

ESPB.L has a 0.12% expense ratio, which is higher than SPXP.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

ESPB.L vs. SPXP.L - Dividend Comparison

Neither ESPB.L nor SPXP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESPB.L and SPXP.L in my portfolio?

ESPB.L and SPXP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPB.L or SPXP.L?

On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESPB.L or SPXP.L?

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.12% for ESPB.L.

What is the main difference between ESPB.L and SPXP.L?

ESPB.L is categorized as Large Cap Blend Equities, while SPXP.L is S&P 500. ESPB.L tracks Russell 1000 TR USD, while SPXP.L tracks S&P 500 Index. Their fees differ too: 0.12% for ESPB.L and 0.05% for SPXP.L.