IMGP.L vs. G500.L
IMGP.L (iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - IMGP.L tracks the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 3 years, IMGP.L returned 3.56%/yr vs 19.63%/yr for G500.L. At a 0.17 correlation, their price movements are largely independent.
Performance
IMGP.L vs. G500.L - Performance Comparison
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Different Trading Currencies
IMGP.L is traded in GBP, while G500.L is traded in GBp. To make them comparable, the G500.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMGP.L achieves a 0.24% return, which is significantly lower than G500.L's 9.90% return.
IMGP.L
- 1D
- 0.20%
- 1M
- -0.35%
- 6M
- -0.35%
- YTD
- 0.24%
- 1Y
- 5.40%
- 3Y*
- 3.56%
- 5Y*
- —
- 10Y*
- —
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
IMGP.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IMGP.L iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) | 0.24% | 8.06% | 0.85% | 2.81% | 2.83% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | 1.31% |
Correlation
The correlation between IMGP.L and G500.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | 0.17 |
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Return for Risk
IMGP.L vs. G500.L — Risk / Return Rank
IMGP.L
G500.L
IMGP.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| IMGP.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.65 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.37 | 10.68 | -5.32 |
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Drawdowns
IMGP.L vs. G500.L - Drawdown Comparison
The maximum IMGP.L drawdown since its inception was -9.76%, smaller than the maximum G500.L drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for IMGP.L and G500.L.
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Drawdown Indicators
| IMGP.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -25.20% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -8.21% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -18.22% | +10.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.20% | — |
Current DrawdownCurrent decline from peak | -1.50% | -0.66% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -5.31% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 2.04% | -1.04% |
Volatility
IMGP.L vs. G500.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) is 1.41%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 2.79%. This indicates that IMGP.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMGP.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.79% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 9.28% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 12.06% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 15.99% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 15.87% | -8.96% |
Dividends
IMGP.L vs. G500.L - Dividend Comparison
IMGP.L's dividend yield for the trailing twelve months is around 3.71%, while G500.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMGP.L iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) | 3.71% | 3.50% | 3.55% | 3.15% | 0.38% |
Frequently Asked Questions
IMGP.L and G500.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMGP.L tracks iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco.
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