MXUS.L vs. SPY5.DE
MXUS.L (Invesco MSCI USA UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - MXUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, MXUS.L returned 15.33%/yr vs 15.39%/yr for SPY5.DE. Their correlation of 0.87 suggests significant overlap in exposure. MXUS.L charges 0.05%/yr vs 0.03%/yr for SPY5.DE.
Performance
MXUS.L vs. SPY5.DE - Performance Comparison
Loading charts...
Different Trading Currencies
MXUS.L is traded in USD, while SPY5.DE is traded in EUR. To make them comparable, the SPY5.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with MXUS.L having a 10.31% return and SPY5.DE slightly lower at 10.11%. Both investments have delivered pretty close results over the past 10 years, with MXUS.L having a 15.33% annualized return and SPY5.DE not far ahead at 15.39%.
MXUS.L
- 1D
- 0.02%
- 1M
- 4.59%
- YTD
- 10.31%
- 6M
- 10.99%
- 1Y
- 27.75%
- 3Y*
- 22.47%
- 5Y*
- 13.58%
- 10Y*
- 15.33%
SPY5.DE
- 1D
- -0.01%
- 1M
- 4.50%
- YTD
- 10.11%
- 6M
- 11.13%
- 1Y
- 27.77%
- 3Y*
- 22.13%
- 5Y*
- 13.70%
- 10Y*
- 15.39%
MXUS.L vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 10.31% | 17.34% | 25.57% | 27.84% | -20.03% | 27.90% | 20.98% | 31.00% | -5.44% | 21.42% |
SPY5.DE SPDR S&P 500 UCITS ETF | 10.11% | 18.26% | 24.79% | 26.29% | -18.97% | 29.51% | 17.16% | 32.08% | -4.46% | 21.77% |
Correlation
The correlation between MXUS.L and SPY5.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | 0.87 |
The correlation between MXUS.L and SPY5.DE has been stable across timeframes, ranging from 0.87 to 0.91 - 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
MXUS.L vs. SPY5.DE — Risk / Return Rank
MXUS.L
SPY5.DE
MXUS.L vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (MXUS.L) and SPDR S&P 500 UCITS ETF (SPY5.DE). 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.
| MXUS.L | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 3.22 | +0.09 |
| Martin ratioReturn relative to average drawdown | 14.01 | 13.69 | +0.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MXUS.L | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.40 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.85 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.94 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.92 | +0.02 |
Drawdowns
MXUS.L vs. SPY5.DE - Drawdown Comparison
The maximum MXUS.L drawdown since its inception was -34.38%, roughly equal to the maximum SPY5.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for MXUS.L and SPY5.DE.
Loading charts...
Drawdown Indicators
| MXUS.L | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -34.33% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.59% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -19.50% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.25% | -24.33% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -34.33% | -0.05% |
Current DrawdownCurrent decline from peak | -0.45% | -0.60% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.71% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.02% | -0.04% |
Volatility
MXUS.L vs. SPY5.DE - Volatility Comparison
Invesco MSCI USA UCITS ETF (MXUS.L) has a higher volatility of 3.20% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.84%. This indicates that MXUS.L's price experiences larger fluctuations and is considered to be riskier than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MXUS.L | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.84% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 8.09% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 11.51% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 15.90% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 16.33% | +0.09% |
MXUS.L vs. SPY5.DE - Expense Ratio Comparison
MXUS.L has a 0.05% expense ratio, which is higher than SPY5.DE's 0.03% 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
MXUS.L vs. SPY5.DE - Dividend Comparison
MXUS.L has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXUS.L Invesco MSCI USA UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
With a correlation of 0.90, MXUS.L and SPY5.DE 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.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for MXUS.L.
MXUS.L is categorized as Large Cap Blend Equities, while SPY5.DE is S&P 500. MXUS.L tracks Russell 1000 TR USD, while SPY5.DE tracks S&P 500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.05% for MXUS.L and 0.03% for SPY5.DE.
Find the right allocation for MXUS.L and SPY5.DE
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