GPSA.L vs. SPXS.MI
GPSA.L (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) and SPXS.MI (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - GPSA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SPXS.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, GPSA.L returned 15.27%/yr vs 15.14%/yr for SPXS.MI. Their correlation of 0.93 suggests significant overlap in exposure. GPSA.L charges 0.07%/yr vs 0.05%/yr for SPXS.MI.
Performance
GPSA.L vs. SPXS.MI - Performance Comparison
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Different Trading Currencies
GPSA.L is traded in GBP, while SPXS.MI is traded in EUR. To make them comparable, the SPXS.MI values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with GPSA.L having a 10.42% return and SPXS.MI slightly higher at 10.54%.
GPSA.L
- 1D
- 0.14%
- 1M
- 4.94%
- YTD
- 10.42%
- 6M
- 9.60%
- 1Y
- 29.51%
- 3Y*
- 20.13%
- 5Y*
- 15.27%
- 10Y*
- —
SPXS.MI
- 1D
- 0.02%
- 1M
- 5.51%
- YTD
- 10.54%
- 6M
- 10.47%
- 1Y
- 29.26%
- 3Y*
- 19.27%
- 5Y*
- 15.14%
- 10Y*
- 16.29%
GPSA.L vs. SPXS.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GPSA.L iShares MSCI USA ESG Screened UCITS ETF USD (Acc) | 10.42% | 9.72% | 28.95% | 23.60% | -11.94% | 29.93% | 17.87% | 1.19% |
SPXS.MI Invesco S&P 500 UCITS ETF | 10.49% | 9.95% | 28.02% | 20.07% | -9.81% | 31.25% | 13.84% | 1.81% |
Correlation
The correlation between GPSA.L and SPXS.MI is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019 | 0.93 |
The correlation between GPSA.L and SPXS.MI has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
GPSA.L vs. SPXS.MI — Risk / Return Rank
GPSA.L
SPXS.MI
GPSA.L vs. SPXS.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and Invesco S&P 500 UCITS ETF (SPXS.MI). 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.
| GPSA.L | SPXS.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.49 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 4.20 | -0.88 |
| Martin ratioReturn relative to average drawdown | 11.67 | 15.05 | -3.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GPSA.L | SPXS.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.66 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.02 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 1.06 | -0.10 |
Drawdowns
GPSA.L vs. SPXS.MI - Drawdown Comparison
The maximum GPSA.L drawdown since its inception was -23.14%, smaller than the maximum SPXS.MI drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for GPSA.L and SPXS.MI.
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Drawdown Indicators
| GPSA.L | SPXS.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.14% | -26.14% | +3.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -6.97% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -22.33% | -21.75% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -21.75% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.14% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.20% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -3.44% | -0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.94% | +0.61% |
Volatility
GPSA.L vs. SPXS.MI - Volatility Comparison
The current volatility for iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) is 2.87%, while Invesco S&P 500 UCITS ETF (SPXS.MI) has a volatility of 3.06%. This indicates that GPSA.L experiences smaller price fluctuations and is considered to be less risky than SPXS.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GPSA.L | SPXS.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.06% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 7.42% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 11.01% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 14.68% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 16.21% | +0.49% |
GPSA.L vs. SPXS.MI - Expense Ratio Comparison
GPSA.L has a 0.07% expense ratio, which is higher than SPXS.MI'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
GPSA.L vs. SPXS.MI - Dividend Comparison
Neither GPSA.L nor SPXS.MI has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, GPSA.L and SPXS.MI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPXS.MI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.MI is cheaper with a 0.05% expense ratio, compared with 0.07% for GPSA.L.
GPSA.L is categorized as Large Cap Blend Equities, while SPXS.MI is S&P 500. GPSA.L tracks Russell 1000 TR USD, while SPXS.MI tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for GPSA.L and 0.05% for SPXS.MI.
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