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LSPX.L vs. XDPG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LSPX.L vs. XDPG.L

Last updated Jun 5, 2026

LSPX.L (Lyxor S&P 500 UCITS ETF - D-USD) and XDPG.L (Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged) are both S&P 500 funds - LSPX.L tracks the S&P 500 Index while XDPG.L tracks the S&P 500 GBP Hedged. Both are passively managed. Over the past 10 years, LSPX.L returned 16.37%/yr vs 13.60%/yr for XDPG.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.09% expense ratio.

Performance

LSPX.L vs. XDPG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) and Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged (XDPG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LSPX.L achieves a 10.61% return, which is significantly higher than XDPG.L's 9.91% return. Over the past 10 years, LSPX.L has outperformed XDPG.L with an annualized return of 16.37%, while XDPG.L has yielded a comparatively lower 13.60% annualized return.

LSPX.L

1D
-0.03%
1M
5.53%
YTD
10.61%
6M
10.54%
1Y
29.34%
3Y*
19.22%
5Y*
15.13%
10Y*
16.37%

XDPG.L

1D
0.02%
1M
4.52%
YTD
9.91%
6M
10.64%
1Y
27.07%
3Y*
21.39%
5Y*
12.48%
10Y*
13.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LSPX.L vs. XDPG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		10.61%9.48%27.64%20.51%-9.65%30.18%15.43%29.10%-2.11%10.31%
XDPG.L
Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged		9.91%16.95%24.90%24.82%-20.73%28.87%15.23%27.55%-7.58%19.91%

Correlation

The correlation between LSPX.L and XDPG.L is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.78

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2015

0.68

The correlation between LSPX.L and XDPG.L has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

LSPX.L vs. XDPG.L - Sectors Allocation Comparison

Sectors
LSPX.L
XDPG.L

Technology

35.6%
35.6%

Financial Services

11.8%
11.8%

Communication Services

11.2%
11.2%

Consumer Cyclical

10.1%
10.1%

Healthcare

8.5%
8.5%

Industrials

8.3%
8.3%

Consumer Defensive

4.9%
4.9%

Energy

3.5%
3.5%

Utilities

2.4%
2.4%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.8%

Technology

LSPX.L
35.6%
XDPG.L
35.6%

Financial Services

LSPX.L
11.8%
XDPG.L
11.8%

Communication Services

LSPX.L
11.2%
XDPG.L
11.2%

Consumer Cyclical

LSPX.L
10.1%
XDPG.L
10.1%

Healthcare

LSPX.L
8.5%
XDPG.L
8.5%

Industrials

LSPX.L
8.3%
XDPG.L
8.3%

Consumer Defensive

LSPX.L
4.9%
XDPG.L
4.9%

Energy

LSPX.L
3.5%
XDPG.L
3.5%

Utilities

LSPX.L
2.4%
XDPG.L
2.4%

Real Estate

LSPX.L
1.9%
XDPG.L
1.9%

Basic Materials

LSPX.L
1.8%
XDPG.L
1.8%

Compare stocks, funds, or ETFs

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Lyxor S&P 500 UCITS ETF - D-USD

Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged

Often compared with LSPX.L:
LSPX.L vs. VUAG.LLSPX.L vs. CSP1.LLSPX.L vs. XSTC.LLSPX.L vs. SPYLSPX.L vs. SPXP.LLSPX.L vs. VOOLSPX.L vs. VERG.L
Often compared with XDPG.L:
XDPG.L vs. UC13.LXDPG.L vs. IUES.LXDPG.L vs. XSTC.LXDPG.L vs. LSPU.LXDPG.L vs. PQVM.LXDPG.L vs. LGUG.LXDPG.L vs. EXUS.L

Return for Risk

LSPX.L vs. XDPG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LSPX.L
LSPX.L Risk / Return Rank: 8383
Overall Rank
LSPX.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
LSPX.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
LSPX.L Omega Ratio Rank: 8686
Omega Ratio Rank
LSPX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
LSPX.L Martin Ratio Rank: 7777
Martin Ratio Rank
XDPG.L
XDPG.L Risk / Return Rank: 7373
Overall Rank
XDPG.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XDPG.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
XDPG.L Omega Ratio Rank: 7373
Omega Ratio Rank
XDPG.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
XDPG.L Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSPX.L vs. XDPG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) and Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged (XDPG.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.

LSPX.LXDPG.LDifference
Sharpe ratioReturn per unit of total volatility
2.80
2.32

+0.48

Sortino ratioReturn per unit of downside risk
3.72
3.40

+0.33

Omega ratioGain probability vs. loss probability

1.52

1.42

+0.10

Calmar ratioReturn relative to maximum drawdown

4.06

3.24

+0.82

Martin ratioReturn relative to average drawdown

14.65

13.93

+0.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSPX.L vs. XDPG.L - Sharpe Ratio Comparison

The current LSPX.L Sharpe Ratio is 2.80, which is comparable to the XDPG.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of LSPX.L and XDPG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LSPX.LXDPG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

2.32

+0.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

0.78

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

0.82

+0.31

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

0.74

+0.55

Drawdowns

LSPX.L vs. XDPG.L - Drawdown Comparison

The maximum LSPX.L drawdown since its inception was -25.47%, smaller than the maximum XDPG.L drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for LSPX.L and XDPG.L.

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Drawdown Indicators

LSPX.LXDPG.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.47%

-35.91%

+10.44%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-8.31%

+1.09%

Max Drawdown (3Y)

Largest decline over 3 years

-21.10%

-19.07%

-2.03%

Max Drawdown (5Y)

Largest decline over 5 years

-21.10%

-25.62%

+4.52%

Max Drawdown (10Y)

Largest decline over 10 years

-25.47%

-35.91%

+10.44%

Current Drawdown

Current decline from peak

-0.24%

-0.53%

+0.29%

Average Drawdown

Average peak-to-trough decline

-3.29%

-4.80%

+1.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

1.94%

+0.06%

Volatility

LSPX.L vs. XDPG.L - Volatility Comparison

The current volatility for Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) is 2.58%, while Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged (XDPG.L) has a volatility of 3.18%. This indicates that LSPX.L experiences smaller price fluctuations and is considered to be less risky than XDPG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LSPX.LXDPG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.58%

3.18%

-0.60%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

8.59%

-1.46%

Volatility (1Y)

Calculated over the trailing 1-year period

10.50%

11.62%

-1.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

16.00%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.05%

16.60%

+0.45%

LSPX.L vs. XDPG.L - Expense Ratio Comparison

Both LSPX.L and XDPG.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LSPX.L vs. XDPG.L - Dividend Comparison

LSPX.L's dividend yield for the trailing twelve months is around 0.91%, while XDPG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		0.91%1.00%1.27%1.02%2.06%1.10%1.53%1.70%1.97%1.72%1.87%1.96%
XDPG.L
Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LSPX.L and XDPG.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

LSPX.L and XDPG.L have the same expense ratio: 0.09% per year.

LSPX.L tracks S&P 500 Index, while XDPG.L tracks S&P 500 GBP Hedged. They also come from different issuers: Amundi and Xtrackers.

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