G500.L vs. NXTG.L
G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg) while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 5 years, G500.L returned 12.15%/yr vs 9.76%/yr for NXTG.L. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
G500.L vs. NXTG.L - Performance Comparison
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Returns By Period
In the year-to-date period, G500.L achieves a 9.90% return, which is significantly lower than NXTG.L's 39.36% return.
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
G500.L vs. NXTG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 11.88% |
Correlation
The correlation between G500.L and NXTG.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.64 |
The correlation between G500.L and NXTG.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
G500.L vs. NXTG.L — Risk / Return Rank
G500.L
NXTG.L
G500.L vs. NXTG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and First Trust Indxx NextG UCITS ETF (NXTG.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.
| G500.L | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.50 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.26 | +0.39 |
| Martin ratioReturn relative to average drawdown | 10.68 | 4.72 | +5.96 |
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Drawdowns
G500.L vs. NXTG.L - Drawdown Comparison
The maximum G500.L drawdown since its inception was -25.20%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for G500.L and NXTG.L.
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Drawdown Indicators
| G500.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.20% | -45.94% | +20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -25.38% | +17.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -31.89% | +13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -32.91% | +7.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.94% | — |
Current DrawdownCurrent decline from peak | -0.66% | -9.51% | +8.85% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -19.86% | +14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 12.16% | -10.12% |
Volatility
G500.L vs. NXTG.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) is 2.79%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that G500.L experiences smaller price fluctuations and is considered to be less risky than NXTG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G500.L | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 6.66% | -3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 15.57% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 46.75% | -34.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 43.04% | -27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 32.80% | -16.93% |
Dividends
G500.L vs. NXTG.L - Dividend Comparison
Neither G500.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
G500.L and NXTG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: Invesco and First Trust.
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