IDPE.L vs. SPXS.L
IDPE.L (iShares Listed Private Equity UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - IDPE.L tracks the iShares Listed Private Equity UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 10 years, IDPE.L returned 10.74%/yr vs -27.39%/yr for SPXS.L. A 0.80 correlation means they provide meaningful diversification when combined. IDPE.L charges 0.75%/yr vs 0.05%/yr for SPXS.L.
Performance
IDPE.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDPE.L achieves a -11.49% return, which is significantly lower than SPXS.L's 10.20% return. Over the past 10 years, IDPE.L has outperformed SPXS.L with an annualized return of 10.74%, while SPXS.L has yielded a comparatively lower -27.39% annualized return.
IDPE.L
- 1D
- -1.01%
- 1M
- -0.03%
- 6M
- -12.08%
- YTD
- -11.49%
- 1Y
- -14.17%
- 3Y*
- 9.57%
- 5Y*
- 4.44%
- 10Y*
- 10.74%
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%
IDPE.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF | -11.49% | 1.30% | 23.80% | 39.29% | -28.48% | 41.86% | 4.59% | 43.87% | -13.92% | 25.05% |
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 IDPE.L and SPXS.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.80 |
The correlation between IDPE.L and SPXS.L shifts across timeframes, from 0.67 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDPE.L vs. SPXS.L — Risk / Return Rank
IDPE.L
SPXS.L
IDPE.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF (IDPE.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.
| IDPE.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.52 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -1.00 | +0.39 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.23 | +0.15 |
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Drawdowns
IDPE.L vs. SPXS.L - Drawdown Comparison
The maximum IDPE.L drawdown since its inception was -82.58%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for IDPE.L and SPXS.L.
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Drawdown Indicators
| IDPE.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.58% | -99.07% | +16.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -99.07% | +74.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -99.07% | +73.90% |
Max Drawdown (5Y)Largest decline over 5 years | -38.86% | -99.07% | +60.21% |
Max Drawdown (10Y)Largest decline over 10 years | -50.36% | -99.07% | +48.71% |
Current DrawdownCurrent decline from peak | -17.97% | -98.90% | +80.93% |
Average DrawdownAverage peak-to-trough decline | -20.32% | -7.67% | -12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.84% | 80.57% | -66.73% |
Volatility
IDPE.L vs. SPXS.L - Volatility Comparison
iShares Listed Private Equity UCITS ETF (IDPE.L) has a higher volatility of 5.95% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that IDPE.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
| IDPE.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 2.73% | +3.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 9.24% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 99.43% | -78.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 47.13% | -24.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.11% | 35.27% | -13.16% |
IDPE.L vs. SPXS.L - Expense Ratio Comparison
IDPE.L has a 0.75% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
IDPE.L vs. SPXS.L - Dividend Comparison
IDPE.L's dividend yield for the trailing twelve months is around 3.83%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDPE.L iShares Listed Private Equity UCITS ETF | 3.83% | 2.96% | 3.03% | 3.35% | 4.36% | 2.54% | 3.56% | 3.25% | 5.05% | 4.96% | 4.33% | 5.53% |
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
IDPE.L and SPXS.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.75% for IDPE.L.
IDPE.L tracks iShares Listed Private Equity 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: 0.75% for IDPE.L and 0.05% for SPXS.L.
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