ISPE.L vs. EWSP.L
ISPE.L (iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc)) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both S&P 500 funds from iShares - ISPE.L tracks the S&P 500 Equal Weight Index (USD) while EWSP.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, ISPE.L returned 12.67%/yr vs 12.19%/yr for EWSP.L. A 0.76 correlation means they provide meaningful diversification when combined. ISPE.L charges 0.17%/yr vs 0.20%/yr for EWSP.L.
Performance
ISPE.L vs. EWSP.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ISPE.L having a 11.64% return and EWSP.L slightly higher at 11.78%.
ISPE.L
- 1D
- -0.40%
- 1M
- 0.94%
- 6M
- 8.09%
- YTD
- 11.64%
- 1Y
- 17.98%
- 3Y*
- 12.67%
- 5Y*
- —
- 10Y*
- —
EWSP.L
- 1D
- -0.17%
- 1M
- 0.70%
- 6M
- 7.82%
- YTD
- 11.78%
- 1Y
- 17.92%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
ISPE.L vs. EWSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ISPE.L iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) | 11.64% | 11.30% | 11.48% | 12.23% | -3.77% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 11.78% | 4.02% | 13.96% | 7.79% | -18.92% |
Correlation
The correlation between ISPE.L and EWSP.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.76 |
The correlation between ISPE.L and EWSP.L has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISPE.L vs. EWSP.L — Risk / Return Rank
ISPE.L
EWSP.L
ISPE.L vs. EWSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) (ISPE.L) and iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.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.
| ISPE.L | EWSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.16 | -0.57 |
| Martin ratioReturn relative to average drawdown | 9.22 | 10.02 | -0.80 |
Loading charts...
Drawdowns
ISPE.L vs. EWSP.L - Drawdown Comparison
The maximum ISPE.L drawdown since its inception was -18.22%, smaller than the maximum EWSP.L drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for ISPE.L and EWSP.L.
Loading charts...
Drawdown Indicators
| ISPE.L | EWSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -22.80% | +4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -5.65% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -20.12% | +1.90% |
Current DrawdownCurrent decline from peak | -0.40% | -1.36% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -10.31% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.78% | +0.17% |
Volatility
ISPE.L vs. EWSP.L - Volatility Comparison
The current volatility for iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc) (ISPE.L) is 2.67%, while iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) has a volatility of 2.83%. This indicates that ISPE.L experiences smaller price fluctuations and is considered to be less risky than EWSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISPE.L | EWSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.83% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 6.71% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 9.63% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 22.05% | -7.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 22.05% | -7.42% |
ISPE.L vs. EWSP.L - Expense Ratio Comparison
ISPE.L has a 0.17% expense ratio, which is lower than EWSP.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISPE.L vs. EWSP.L - Dividend Comparison
Neither ISPE.L nor EWSP.L has paid dividends to shareholders.
Frequently Asked Questions
ISPE.L and EWSP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISPE.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISPE.L is cheaper with a 0.17% expense ratio, compared with 0.20% for EWSP.L.
ISPE.L tracks S&P 500 Equal Weight Index (USD), while EWSP.L tracks S&P 500 Equal Weight Index. Their fees differ too: 0.17% for ISPE.L and 0.20% for EWSP.L.
Find the right allocation for ISPE.L and EWSP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer