IUSZ.L vs. SPXS.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - IUSZ.L tracks the iShares MSCI USA Mid-Cap Equal Weight UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, IUSZ.L returned 6.53%/yr vs -54.94%/yr for SPXS.L. Their correlation of 0.83 suggests significant overlap in exposure. IUSZ.L charges 0.20%/yr vs 0.05%/yr for SPXS.L.
Performance
IUSZ.L vs. SPXS.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUSZ.L achieves a 8.28% return, which is significantly lower than SPXS.L's 10.20% return.
IUSZ.L
- 1D
- -0.50%
- 1M
- -0.42%
- 6M
- 5.64%
- YTD
- 8.28%
- 1Y
- 14.27%
- 3Y*
- 11.91%
- 5Y*
- 6.53%
- 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%
IUSZ.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 8.28% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
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 IUSZ.L and SPXS.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.83 |
The correlation between IUSZ.L and SPXS.L has been stable across timeframes, ranging from 0.76 to 0.85 - 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
IUSZ.L vs. SPXS.L — Risk / Return Rank
IUSZ.L
SPXS.L
IUSZ.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.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.
| IUSZ.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.52 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | -1.00 | +2.93 |
| Martin ratioReturn relative to average drawdown | 6.85 | -1.23 | +8.08 |
Loading charts...
Drawdowns
IUSZ.L vs. SPXS.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and SPXS.L.
Loading charts...
Drawdown Indicators
| IUSZ.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -99.07% | +57.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -99.07% | +90.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -99.07% | +77.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -99.07% | +73.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -1.67% | -98.90% | +97.23% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -7.67% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 80.57% | -78.25% |
Volatility
IUSZ.L vs. SPXS.L - Volatility Comparison
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.L) has a higher volatility of 3.88% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that IUSZ.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.
Loading charts...
Volatility by Period
| IUSZ.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 2.73% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.24% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 99.43% | -86.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 47.13% | -29.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 35.27% | -14.55% |
IUSZ.L vs. SPXS.L - Expense Ratio Comparison
IUSZ.L has a 0.20% expense ratio, which is higher than SPXS.L's 0.05% 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
IUSZ.L vs. SPXS.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.43%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 0.43% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% |
Frequently Asked Questions
IUSZ.L and SPXS.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, 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 0.20% for IUSZ.L.
IUSZ.L tracks iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IUSZ.L and 0.05% for SPXS.L.
Find the right allocation for IUSZ.L and SPXS.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