ESPS.L vs. SPXP.L

Last updated Jun 4, 2026

ESPS.L (Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - ESPS.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ESPS.L returned 6.22%/yr vs 15.15%/yr for SPXP.L. At a 0.26 correlation, their price movements are largely independent. ESPS.L charges 0.19%/yr vs 0.05%/yr for SPXP.L.

Performance

ESPS.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.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, ESPS.L achieves a 7.41% return, which is significantly lower than SPXP.L's 10.55% return.

ESPS.L

• 1D: -0.43%
• 1M: 0.59%
• YTD: 7.41%
• 6M: 8.29%
• 1Y: 16.01%
• 3Y*: 9.70%
• 5Y*: 6.22%
• 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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc	7.41%	10.52%	7.35%	2.26%	1.34%	5.87%
SPXP.L Invesco S&P 500 UCITS ETF	10.55%	9.53%	27.58%	20.06%	-8.79%	27.00%

Correlation

The correlation between ESPS.L and SPXP.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021	0.26

Over the past year, ESPS.L and SPXP.L have become more correlated (0.53) than their long-term average of 0.26, meaning their price movements have been converging.

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

Sectors	ESPS.L	SPXP.L
Financial Services	50.7%	11.8%
Basic Materials	11.6%	1.8%
Real Estate	7.8%	1.9%
Industrials	7.2%	8.3%
Consumer Cyclical	6.8%	10.1%
Healthcare	4.0%	8.5%
Energy	3.0%	3.5%
Consumer Defensive	2.6%	4.9%
Communication Services	2.6%	11.2%
Utilities	2.2%	2.4%
Technology	1.4%	35.6%

Return for Risk

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

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

ESPS.L

ESPS.L Risk / Return Rank: 42
ESPS.L Sharpe Ratio Rank: 42
ESPS.L Sortino Ratio Rank: 44
ESPS.L Omega Ratio Rank: 42
ESPS.L Calmar Ratio Rank: 44
ESPS.L Martin Ratio Rank: 39

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.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.

	ESPS.L	SPXP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.78	-1.30
Sortino ratio: Return per unit of downside risk	2.16	3.72	-1.55
Omega ratio: Gain probability vs. loss probability	1.27	1.52	-0.25
Calmar ratio: Return relative to maximum drawdown	2.12	4.11	-1.99
Martin ratio: Return relative to average drawdown	6.09	15.14	-9.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ESPS.L Sharpe Ratio is 1.47, which is lower than the SPXP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of ESPS.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

	ESPS.L	SPXP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.78	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.06	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.15	-0.48

Drawdowns

ESPS.L vs. SPXP.L - Drawdown Comparison

The maximum ESPS.L drawdown since its inception was -17.76%, smaller than the maximum SPXP.L drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for ESPS.L and SPXP.L.

Drawdown Indicators

	ESPS.L	SPXP.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.76%	-25.46%	+7.70%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-7.09%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-20.77%	+3.01%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	-20.77%	+3.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.46%	—
Current Drawdown Current decline from peak	-3.28%	-0.21%	-3.07%
Average Drawdown Average peak-to-trough decline	-4.55%	-3.50%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	1.93%	+0.69%

Volatility

ESPS.L vs. SPXP.L - Volatility Comparison

Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) has a higher volatility of 3.47% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.64%. This indicates that ESPS.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

	ESPS.L	SPXP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	2.64%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	7.24%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	10.56%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	14.23%	+4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	16.22%	+2.65%

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

ESPS.L has a 0.19% 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

ESPS.L vs. SPXP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

ESPS.L and SPXP.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.19% for ESPS.L.

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

ESPS.L is categorized as Asia Pacific Equities, while SPXP.L is S&P 500. ESPS.L tracks MSCI Pacific Ex Japan NR USD, while SPXP.L tracks S&P 500 Index. Their fees differ too: 0.19% for ESPS.L and 0.05% for SPXP.L.