IGDA.L vs. SPXP.L

Last updated Jun 5, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, IGDA.L returned 21.23%/yr vs 22.28%/yr for SPXP.L. Their correlation of 0.81 suggests significant overlap in exposure. IGDA.L charges 0.40%/yr vs 0.05%/yr for SPXP.L.

Performance

IGDA.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGDA.L is traded in USD, while SPXP.L is traded in GBp. To make them comparable, the SPXP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGDA.L achieves a 15.04% return, which is significantly higher than SPXP.L's 10.28% return.

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

SPXP.L

• 1D: 0.05%
• 1M: 4.64%
• YTD: 10.28%
• 6M: 11.31%
• 1Y: 28.02%
• 3Y*: 22.28%
• 5Y*: 13.94%
• 10Y*: 15.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGDA.L vs. SPXP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%
SPXP.L Invesco S&P 500 UCITS ETF	10.28%	17.79%	25.46%	26.40%	-10.41%

Correlation

The correlation between IGDA.L and SPXP.L is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.81

The correlation between IGDA.L and SPXP.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

IGDA.L vs. SPXP.L - Sectors Allocation Comparison

Sectors	IGDA.L	SPXP.L
Technology	41.4%	35.6%
Healthcare	11.3%	8.5%
Consumer Cyclical	10.8%	10.1%
Industrials	10.8%	8.3%
Communication Services	9.4%	11.2%
Consumer Defensive	4.7%	4.9%
Basic Materials	4.7%	1.8%
Energy	3.6%	3.5%
Financial Services	2.1%	11.8%
Real Estate	1.0%	1.9%
Utilities	0.3%	2.4%

Return for Risk

IGDA.L vs. SPXP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

SPXP.L

SPXP.L Risk / Return Rank: 83
SPXP.L Sharpe Ratio Rank: 85
SPXP.L Sortino Ratio Rank: 84
SPXP.L Omega Ratio Rank: 86
SPXP.L Calmar Ratio Rank: 80
SPXP.L Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGDA.L vs. SPXP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco S&P 500 UCITS ETF (SPXP.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.

	IGDA.L	SPXP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.53	-0.06
Sortino ratio: Return per unit of downside risk	3.51	3.66	-0.15
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio: Return relative to maximum drawdown	3.57	3.23	+0.34
Martin ratio: Return relative to average drawdown	15.24	13.97	+1.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGDA.L vs. SPXP.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 2.47, which is comparable to the SPXP.L Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of IGDA.L and SPXP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGDA.L	SPXP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.53	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.96	-0.12

Drawdowns

IGDA.L vs. SPXP.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -24.18%, smaller than the maximum SPXP.L drawdown of -33.47%. Use the drawdown chart below to compare losses from any high point for IGDA.L and SPXP.L.

Drawdown Indicators

	IGDA.L	SPXP.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	-33.47%	+9.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-8.65%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	-18.72%	-1.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.47%	—
Current Drawdown Current decline from peak	-1.17%	-0.52%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.19%	-4.48%	-0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.00%	+0.28%

Volatility

IGDA.L vs. SPXP.L - Volatility Comparison

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.65% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.60%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	SPXP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	2.60%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.78%	8.02%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	11.02%	+3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	15.57%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	16.75%	+1.89%

IGDA.L vs. SPXP.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than SPXP.L's 0.05% expense ratio.

Dividends

IGDA.L vs. SPXP.L - Dividend Comparison

Neither IGDA.L nor SPXP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGDA.L and SPXP.L in my portfolio?

IGDA.L and SPXP.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or SPXP.L?

On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGDA.L or SPXP.L?

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and SPXP.L?

IGDA.L is categorized as Global Equities, while SPXP.L is S&P 500. IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while SPXP.L tracks S&P 500 Index. Their fees differ too: 0.40% for IGDA.L and 0.05% for SPXP.L.