IGUS.L vs. SPEP.L

Last updated Jun 5, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds - IGUS.L tracks the S&P 500 Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, IGUS.L returned 12.46%/yr vs 15.83%/yr for SPEP.L. A 0.79 correlation means they provide meaningful diversification when combined. IGUS.L charges 0.20%/yr vs 0.09%/yr for SPEP.L.

Performance

IGUS.L vs. SPEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IGUS.L having a 9.82% return and SPEP.L slightly higher at 10.28%.

IGUS.L

• 1D: 0.06%
• 1M: 4.70%
• YTD: 9.82%
• 6M: 10.53%
• 1Y: 27.11%
• 3Y*: 21.32%
• 5Y*: 12.46%
• 10Y*: 13.48%

SPEP.L

• 1D: 0.69%
• 1M: 5.80%
• YTD: 10.28%
• 6M: 10.71%
• 1Y: 32.26%
• 3Y*: 18.76%
• 5Y*: 15.83%
• 10Y*: —

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

IGUS.L vs. SPEP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	9.82%	17.39%	24.64%	24.49%	-20.60%	28.57%	33.46%
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	10.28%	9.94%	26.61%	21.47%	-8.87%	34.78%	21.63%

Correlation

The correlation between IGUS.L and SPEP.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020	0.79

The correlation between IGUS.L and SPEP.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

IGUS.L vs. SPEP.L - Sectors Allocation Comparison

Sectors	IGUS.L	SPEP.L
Technology	35.6%	38.6%
Financial Services	11.8%	12.0%
Communication Services	11.2%	14.5%
Consumer Cyclical	10.2%	4.6%
Healthcare	8.5%	9.3%
Industrials	8.3%	6.8%
Consumer Defensive	4.9%	5.1%
Energy	3.5%	4.2%
Utilities	2.3%	0.8%
Real Estate	1.9%	2.2%
Basic Materials	1.8%	1.9%

Return for Risk

IGUS.L vs. SPEP.L — Risk / Return Rank

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

IGUS.L

IGUS.L Risk / Return Rank: 71
IGUS.L Sharpe Ratio Rank: 71
IGUS.L Sortino Ratio Rank: 75
IGUS.L Omega Ratio Rank: 71
IGUS.L Calmar Ratio Rank: 65
IGUS.L Martin Ratio Rank: 75

SPEP.L

SPEP.L Risk / Return Rank: 35
SPEP.L Sharpe Ratio Rank: 22
SPEP.L Sortino Ratio Rank: 27
SPEP.L Omega Ratio Rank: 83
SPEP.L Calmar Ratio Rank: 25
SPEP.L Martin Ratio Rank: 18

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.

IGUS.L vs. SPEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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.

	IGUS.L	SPEP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.74	+1.54
Sortino ratio: Return per unit of downside risk	3.33	1.46	+1.87
Omega ratio: Gain probability vs. loss probability	1.42	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	3.20	1.15	+2.04
Martin ratio: Return relative to average drawdown	13.92	1.79	+12.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGUS.L vs. SPEP.L - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 2.28, which is higher than the SPEP.L Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of IGUS.L and SPEP.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

	IGUS.L	SPEP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.74	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.50	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.60	+0.22

Drawdowns

IGUS.L vs. SPEP.L - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than SPEP.L's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for IGUS.L and SPEP.L.

Drawdown Indicators

	IGUS.L	SPEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.66%	-27.82%	-8.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-27.82%	+19.38%
Max Drawdown (3Y) Largest decline over 3 years	-18.98%	-27.82%	+8.84%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-27.82%	+2.16%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	—	—
Current Drawdown Current decline from peak	-0.46%	-15.76%	+15.30%
Average Drawdown Average peak-to-trough decline	-4.15%	-7.47%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	17.93%	-15.99%

Volatility

IGUS.L vs. SPEP.L - Volatility Comparison

iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a higher volatility of 3.21% compared to Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) at 2.84%. This indicates that IGUS.L's price experiences larger fluctuations and is considered to be riskier than SPEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGUS.L	SPEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.84%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	7.09%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	43.32%	-31.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.11%	31.49%	-15.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	30.09%	-13.51%

IGUS.L vs. SPEP.L - Expense Ratio Comparison

IGUS.L has a 0.20% expense ratio, which is higher than SPEP.L's 0.09% 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

IGUS.L vs. SPEP.L - Dividend Comparison

Neither IGUS.L nor SPEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGUS.L and SPEP.L in my portfolio?

IGUS.L and SPEP.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGUS.L or SPEP.L?

On fees, SPEP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGUS.L or SPEP.L?

SPEP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IGUS.L.

What is the main difference between IGUS.L and SPEP.L?

IGUS.L tracks S&P 500 Index, while SPEP.L tracks S&P 500 ESG Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IGUS.L and 0.09% for SPEP.L.