IKSD.L vs. SPXS.L
IKSD.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - IKSD.L tracks the iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, IKSD.L returned 1.64%/yr vs -54.94%/yr for SPXS.L. At a 0.41 correlation, their price movements are largely independent. IKSD.L charges 0.60%/yr vs 0.05%/yr for SPXS.L.
Performance
IKSD.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IKSD.L achieves a 2.62% return, which is significantly lower than SPXS.L's 10.20% return.
IKSD.L
- 1D
- 0.04%
- 1M
- -3.32%
- 6M
- -2.78%
- YTD
- 2.62%
- 1Y
- 1.40%
- 3Y*
- -0.83%
- 5Y*
- 1.64%
- 10Y*
- —
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%
IKSD.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 2.62% | -5.43% | 0.13% | 9.58% | -5.52% | 36.62% | 0.63% | -13.40% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 11.47% |
Correlation
The correlation between IKSD.L and SPXS.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.41 |
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Return for Risk
IKSD.L vs. SPXS.L — Risk / Return Rank
IKSD.L
SPXS.L
IKSD.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IKSD.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.
| IKSD.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.52 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -1.00 | +1.14 |
| Martin ratioReturn relative to average drawdown | 0.30 | -1.23 | +1.53 |
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Drawdowns
IKSD.L vs. SPXS.L - Drawdown Comparison
The maximum IKSD.L drawdown since its inception was -41.86%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for IKSD.L and SPXS.L.
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Drawdown Indicators
| IKSD.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -99.07% | +57.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -99.07% | +87.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -99.07% | +83.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -99.07% | +69.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -19.55% | -98.90% | +79.35% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -7.67% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 80.57% | -75.30% |
Volatility
IKSD.L vs. SPXS.L - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IKSD.L) is 2.12%, while Invesco S&P 500 UCITS ETF (SPXS.L) has a volatility of 2.73%. This indicates that IKSD.L experiences smaller price fluctuations and is considered to be less risky 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
| IKSD.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 2.73% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 9.24% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 99.43% | -84.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 47.13% | -31.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 35.27% | -16.81% |
IKSD.L vs. SPXS.L - Expense Ratio Comparison
IKSD.L has a 0.60% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
IKSD.L vs. SPXS.L - Dividend Comparison
IKSD.L's dividend yield for the trailing twelve months is around 3.64%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.64% | 3.52% | 2.71% | 2.12% | 1.80% | 1.26% | 3.25% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IKSD.L and SPXS.L have a correlation of 0.31, 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 0.60% for IKSD.L.
IKSD.L tracks iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist), while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for IKSD.L and 0.05% for SPXS.L.
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