IDNA.L vs. SPXS.L
IDNA.L (iShares MSCI North America UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - IDNA.L tracks the iShares MSCI North America UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 10 years, IDNA.L returned 14.35%/yr vs -27.39%/yr for SPXS.L. With a 0.98 correlation, they move nearly in lockstep. IDNA.L charges 0.40%/yr vs 0.05%/yr for SPXS.L.
Performance
IDNA.L vs. SPXS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IDNA.L having a 10.19% return and SPXS.L slightly higher at 10.20%. Over the past 10 years, IDNA.L has outperformed SPXS.L with an annualized return of 14.35%, while SPXS.L has yielded a comparatively lower -27.39% annualized return.
IDNA.L
- 1D
- 0.17%
- 1M
- 0.35%
- 6M
- 9.68%
- YTD
- 10.19%
- 1Y
- 21.59%
- 3Y*
- 19.80%
- 5Y*
- 12.29%
- 10Y*
- 14.35%
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
IDNA.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 10.19% | 17.55% | 24.50% | 26.38% | -19.84% | 27.07% | 19.54% | 30.25% | -6.70% | 21.02% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -5.19% | 21.62% |
Correlation
The correlation between IDNA.L and SPXS.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.98 |
The correlation between IDNA.L and SPXS.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IDNA.L vs. SPXS.L — Risk / Return Rank
IDNA.L
SPXS.L
IDNA.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IDNA.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.
| IDNA.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +3.51 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.52 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | -1.00 | +3.65 |
| Martin ratioReturn relative to average drawdown | 10.76 | -1.23 | +11.99 |
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Drawdowns
IDNA.L vs. SPXS.L - Drawdown Comparison
The maximum IDNA.L drawdown since its inception was -56.08%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for IDNA.L and SPXS.L.
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Drawdown Indicators
| IDNA.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.08% | -99.07% | +42.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -99.07% | +90.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -99.07% | +80.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -99.07% | +73.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -99.07% | +64.45% |
Current DrawdownCurrent decline from peak | -0.37% | -98.90% | +98.53% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -7.67% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 80.57% | -78.50% |
Volatility
IDNA.L vs. SPXS.L - Volatility Comparison
iShares MSCI North America UCITS ETF (IDNA.L) has a higher volatility of 2.95% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that IDNA.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
| IDNA.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 2.73% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 9.24% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 99.43% | -87.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 47.13% | -30.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 35.27% | -19.07% |
IDNA.L vs. SPXS.L - Expense Ratio Comparison
IDNA.L has a 0.40% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
IDNA.L vs. SPXS.L - Dividend Comparison
IDNA.L's dividend yield for the trailing twelve months is around 0.60%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 0.60% | 0.66% | 0.77% | 0.96% | 1.13% | 0.76% | 1.03% | 1.23% | 1.45% | 1.27% | 1.42% | 1.56% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, IDNA.L and SPXS.L 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.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.40% for IDNA.L.
IDNA.L tracks iShares MSCI North America UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IDNA.L and 0.05% for SPXS.L.
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