MIST.L vs. SPXS.L
MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs -54.77%/yr for SPXS.L. At a 0.02 correlation, their price movements are largely independent.
Performance
MIST.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
MIST.L is traded in GBP, while SPXS.L is traded in USD. To make them comparable, the SPXS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MIST.L achieves a 2.23% return, which is significantly lower than SPXS.L's 9.88% return.
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.06%
- YTD
- 2.23%
- 1Y
- 4.37%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
SPXS.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 9.42%
- YTD
- 9.88%
- 1Y
- -98.79%
- 3Y*
- -74.39%
- 5Y*
- -54.77%
- 10Y*
- -27.53%
MIST.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 20.65% | -8.84% | 30.87% | 14.43% | 1.94% |
Correlation
The correlation between MIST.L and SPXS.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.02 |
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Return for Risk
MIST.L vs. SPXS.L — Risk / Return Rank
MIST.L
SPXS.L
MIST.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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.
| MIST.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.58 | ||
| Sortino ratioReturn per unit of downside risk | +36.13 | ||
| Omega ratioGain probability vs. loss probability | 7.17 | 0.52 | +6.65 |
| Calmar ratioReturn relative to maximum drawdown | 101.64 | -1.00 | +102.64 |
| Martin ratioReturn relative to average drawdown | 493.90 | -1.23 | +495.13 |
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Drawdowns
MIST.L vs. SPXS.L - Drawdown Comparison
The maximum MIST.L drawdown since its inception was -3.70%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for MIST.L and SPXS.L.
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Drawdown Indicators
| MIST.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -99.07% | +95.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -99.07% | +99.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -99.07% | +98.87% |
Max Drawdown (5Y)Largest decline over 5 years | -2.45% | -99.07% | +96.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -98.92% | +98.92% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -7.34% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 80.59% | -80.58% |
Volatility
MIST.L vs. SPXS.L - Volatility Comparison
The current volatility for PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) is 0.10%, while Invesco S&P 500 UCITS ETF (SPXS.L) has a volatility of 2.88%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky 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
| MIST.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 2.88% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 9.25% | -8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 99.46% | -99.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 46.95% | -46.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 35.32% | -34.34% |
Dividends
MIST.L vs. SPXS.L - Dividend Comparison
Neither MIST.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
MIST.L and SPXS.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: PIMCO and Invesco.
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