FASA.L vs. SPXS.L
FASA.L (Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds from Invesco - FASA.L tracks the Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 3 years, FASA.L returned 12.75%/yr vs -74.39%/yr for SPXS.L. At a 0.48 correlation, their price movements are largely independent.
Performance
FASA.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
FASA.L is traded in GBp, while SPXS.L is traded in USD. To make them comparable, the SPXS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FASA.L achieves a 4.29% return, which is significantly lower than SPXS.L's 9.88% return.
FASA.L
- 1D
- 0.23%
- 1M
- 1.53%
- 6M
- 2.71%
- YTD
- 4.29%
- 1Y
- 15.40%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
SPXS.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 9.42%
- YTD
- 9.88%
- 1Y
- -98.79%
- 3Y*
- -74.39%
- 5Y*
- -54.77%
- 10Y*
- -27.53%
FASA.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FASA.L Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc | 4.29% | 21.28% | 9.36% | 4.57% | -2.43% | 3.75% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 20.65% | -8.84% | 6.27% |
Correlation
The correlation between FASA.L and SPXS.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.48 |
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Return for Risk
FASA.L vs. SPXS.L — Risk / Return Rank
FASA.L
SPXS.L
FASA.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc (FASA.L) and Invesco S&P 500 UCITS ETF (SPXS.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.
| FASA.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.52 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | -1.00 | +2.42 |
| Martin ratioReturn relative to average drawdown | 4.47 | -1.23 | +5.70 |
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Drawdowns
FASA.L vs. SPXS.L - Drawdown Comparison
The maximum FASA.L drawdown since its inception was -12.64%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FASA.L and SPXS.L.
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Drawdown Indicators
| FASA.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -99.07% | +86.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -99.07% | +88.12% |
Max Drawdown (3Y)Largest decline over 3 years | -12.35% | -99.07% | +86.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -2.45% | -98.92% | +96.47% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -7.34% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 80.59% | -77.09% |
Volatility
FASA.L vs. SPXS.L - Volatility Comparison
Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc (FASA.L) has a higher volatility of 3.42% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.88%. This indicates that FASA.L's price experiences larger fluctuations and is considered to be riskier than SPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FASA.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 2.88% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 9.25% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 99.46% | -87.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.10% | 46.95% | -33.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.10% | 35.32% | -22.22% |
Dividends
FASA.L vs. SPXS.L - Dividend Comparison
Neither FASA.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
FASA.L and SPXS.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FASA.L tracks Invesco Markets II PLC - Invesco FTSE All Share Screened & Tilted UCITS ETF Acc, while SPXS.L tracks Invesco S&P 500 UCITS ETF.
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