ISAG.L vs. SPXS.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - ISAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 10 years, ISAG.L returned 7.24%/yr vs -27.39%/yr for SPXS.L. A 0.66 correlation means they provide meaningful diversification when combined. ISAG.L charges 0.55%/yr vs 0.05%/yr for SPXS.L.
Performance
ISAG.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 11.78% return, which is significantly higher than SPXS.L's 10.20% return. Over the past 10 years, ISAG.L has outperformed SPXS.L with an annualized return of 7.24%, while SPXS.L has yielded a comparatively lower -27.39% annualized return.
ISAG.L
- 1D
- 0.72%
- 1M
- 1.26%
- 6M
- 5.61%
- YTD
- 11.78%
- 1Y
- 14.56%
- 3Y*
- 5.53%
- 5Y*
- 4.56%
- 10Y*
- 7.24%
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%
ISAG.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.78% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
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 ISAG.L and SPXS.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.66 |
Over the past year, the correlation between ISAG.L and SPXS.L has dropped to 0.22 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
ISAG.L vs. SPXS.L — Risk / Return Rank
ISAG.L
SPXS.L
ISAG.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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.
| ISAG.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.52 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | -1.00 | +2.54 |
| Martin ratioReturn relative to average drawdown | 4.36 | -1.23 | +5.59 |
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Drawdowns
ISAG.L vs. SPXS.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for ISAG.L and SPXS.L.
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Drawdown Indicators
| ISAG.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -99.07% | +61.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -99.07% | +88.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -99.07% | +79.94% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -99.07% | +65.85% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -99.07% | +61.91% |
Current DrawdownCurrent decline from peak | -7.20% | -98.90% | +91.70% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -7.67% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 80.57% | -76.95% |
Volatility
ISAG.L vs. SPXS.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) has a higher volatility of 2.94% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that ISAG.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
| ISAG.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.73% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 9.24% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 99.43% | -85.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 47.13% | -29.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 35.27% | -17.43% |
ISAG.L vs. SPXS.L - Expense Ratio Comparison
ISAG.L has a 0.55% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
ISAG.L vs. SPXS.L - Dividend Comparison
Neither ISAG.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.L and SPXS.L have a correlation of 0.22, 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 0.55% for ISAG.L.
ISAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for ISAG.L and 0.05% for SPXS.L.
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