GSPX.L vs. P500.DE
Compare and contrast key facts about iShares Core S&P 500 UCITS ETF (GSPX.L) and Invesco S&P 500 UCITS ETF (P500.DE).
GSPX.L and P500.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSPX.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Jun 29, 2018. P500.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500®. It was launched on May 20, 2010. Both GSPX.L and P500.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSPX.L or P500.DE.
Key characteristics
| GSPX.L | P500.DE | |
|---|---|---|
| YTD Return | 18.61% | 18.70% |
| 1Y Return | 27.21% | 23.64% |
| 3Y Return (Ann) | 8.14% | 11.85% |
| 5Y Return (Ann) | 13.23% | 14.84% |
| Sharpe Ratio | 2.28 | 2.25 |
| Daily Std Dev | 12.30% | 11.67% |
| Max Drawdown | -34.88% | -33.78% |
| Current Drawdown | 0.00% | -1.72% |
Correlation
The correlation between GSPX.L and P500.DE is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GSPX.L vs. P500.DE - Performance Comparison
The year-to-date returns for both investments are quite close, with GSPX.L having a 18.61% return and P500.DE slightly higher at 18.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GSPX.L vs. P500.DE - Expense Ratio Comparison
GSPX.L has a 0.10% expense ratio, which is higher than P500.DE'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%.
Risk-Adjusted Performance
GSPX.L vs. P500.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF (GSPX.L) and Invesco S&P 500 UCITS ETF (P500.DE). 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.
Dividends
GSPX.L vs. P500.DE - Dividend Comparison
GSPX.L's dividend yield for the trailing twelve months is around 1.04%, while P500.DE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
GSPX.L iShares Core S&P 500 UCITS ETF | 1.04% | 1.15% | 1.40% | 0.96% | 1.31% | 1.50% | 0.11% |
P500.DE Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSPX.L vs. P500.DE - Drawdown Comparison
The maximum GSPX.L drawdown since its inception was -34.88%, roughly equal to the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for GSPX.L and P500.DE. For additional features, visit the drawdowns tool.
Volatility
GSPX.L vs. P500.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF (GSPX.L) has a higher volatility of 4.70% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 4.21%. This indicates that GSPX.L's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.