G500.L vs. SPXS.L
G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds from Invesco - G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg) while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, G500.L returned 12.15%/yr vs -54.77%/yr for SPXS.L. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.05% expense ratio.
Performance
G500.L vs. SPXS.L - Performance Comparison
Loading charts...
Different Trading Currencies
G500.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
The year-to-date returns for both stocks are quite close, with G500.L having a 9.90% return and SPXS.L slightly lower at 9.88%.
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 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%
G500.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 20.65% | -8.84% | 30.87% | 11.46% |
Correlation
The correlation between G500.L and SPXS.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.80 |
The correlation between G500.L and SPXS.L has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
G500.L vs. SPXS.L — Risk / Return Rank
G500.L
SPXS.L
G500.L vs. SPXS.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 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.
| G500.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.52 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | -1.00 | +3.65 |
| Martin ratioReturn relative to average drawdown | 10.68 | -1.23 | +11.91 |
Loading charts...
Drawdowns
G500.L vs. SPXS.L - Drawdown Comparison
The maximum G500.L drawdown since its inception was -25.20%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for G500.L and SPXS.L.
Loading charts...
Drawdown Indicators
| G500.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.20% | -99.07% | +73.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -99.07% | +90.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -99.07% | +80.85% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | -99.07% | +73.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -0.66% | -98.92% | +98.26% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -7.34% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 80.59% | -78.55% |
Volatility
G500.L vs. SPXS.L - Volatility Comparison
Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and Invesco S&P 500 UCITS ETF (SPXS.L) have volatilities of 2.79% and 2.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| G500.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.88% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.25% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 99.46% | -87.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 46.95% | -30.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 35.32% | -19.45% |
G500.L vs. SPXS.L - Expense Ratio Comparison
Both G500.L and SPXS.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
G500.L vs. SPXS.L - Dividend Comparison
Neither G500.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
G500.L and SPXS.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L and SPXS.L have the same expense ratio: 0.05% per year.
G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while SPXS.L tracks Invesco S&P 500 UCITS ETF.
Find the right allocation for G500.L and SPXS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer