LGUS.L vs. SPXS.L
LGUS.L (L&G US Equity UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - LGUS.L tracks the L&G US Equity UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, LGUS.L returned 12.82%/yr vs -54.94%/yr for SPXS.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.
Performance
LGUS.L vs. SPXS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LGUS.L having a 10.34% return and SPXS.L slightly lower at 10.20%.
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 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%
LGUS.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -10.39% |
Correlation
The correlation between LGUS.L and SPXS.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.97 |
The correlation between LGUS.L and SPXS.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
LGUS.L vs. SPXS.L — Risk / Return Rank
LGUS.L
SPXS.L
LGUS.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G US Equity UCITS ETF (LGUS.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.
| LGUS.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.52 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | -1.00 | +3.59 |
| Martin ratioReturn relative to average drawdown | 9.99 | -1.23 | +11.21 |
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Drawdowns
LGUS.L vs. SPXS.L - Drawdown Comparison
The maximum LGUS.L drawdown since its inception was -34.26%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for LGUS.L and SPXS.L.
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Drawdown Indicators
| LGUS.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -99.07% | +64.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -99.07% | +90.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -99.07% | +79.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -99.07% | +73.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -0.49% | -98.90% | +98.41% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -7.67% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 80.57% | -78.34% |
Volatility
LGUS.L vs. SPXS.L - Volatility Comparison
L&G US Equity UCITS ETF (LGUS.L) and Invesco S&P 500 UCITS ETF (SPXS.L) have volatilities of 2.86% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGUS.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.73% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 9.24% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 99.43% | -86.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 47.13% | -30.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 35.27% | -17.17% |
LGUS.L vs. SPXS.L - Expense Ratio Comparison
Both LGUS.L and SPXS.L have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LGUS.L vs. SPXS.L - Dividend Comparison
Neither LGUS.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, LGUS.L and SPXS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L and SPXS.L have the same expense ratio: 0.05% per year.
LGUS.L tracks L&G US Equity UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: L&G and Invesco.
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