NESP.L vs. SPXP.L

Last updated Jun 5, 2026

NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - NESP.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, NESP.L returned 25.65%/yr vs 19.21%/yr for SPXP.L. Their correlation of 0.90 suggests significant overlap in exposure. NESP.L charges 0.25%/yr vs 0.05%/yr for SPXP.L.

Performance

NESP.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) and Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NESP.L achieves a 20.57% return, which is significantly higher than SPXP.L's 10.55% return.

NESP.L

• 1D: -0.61%
• 1M: 10.79%
• YTD: 20.57%
• 6M: 19.40%
• 1Y: 44.13%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

SPXP.L

• 1D: 0.00%
• 1M: 5.53%
• YTD: 10.55%
• 6M: 10.49%
• 1Y: 29.25%
• 3Y*: 19.21%
• 5Y*: 15.15%
• 10Y*: 16.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NESP.L vs. SPXP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	20.57%	12.78%	28.66%	48.13%	-25.12%	8.81%
SPXP.L Invesco S&P 500 UCITS ETF	10.55%	9.53%	27.58%	20.06%	-8.79%	6.49%

Correlation

The correlation between NESP.L and SPXP.L 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 (All Time) Calculated using the full available price history since Oct 28, 2021	0.90

The correlation between NESP.L and SPXP.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

NESP.L vs. SPXP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NESP.L

NESP.L Risk / Return Rank: 77
NESP.L Sharpe Ratio Rank: 87
NESP.L Sortino Ratio Rank: 84
NESP.L Omega Ratio Rank: 83
NESP.L Calmar Ratio Rank: 74
NESP.L Martin Ratio Rank: 59

SPXP.L

SPXP.L Risk / Return Rank: 83
SPXP.L Sharpe Ratio Rank: 85
SPXP.L Sortino Ratio Rank: 84
SPXP.L Omega Ratio Rank: 86
SPXP.L Calmar Ratio Rank: 80
SPXP.L Martin Ratio Rank: 79

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.

NESP.L vs. SPXP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) and Invesco S&P 500 UCITS ETF (SPXP.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.

	NESP.L	SPXP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.86	2.78	+0.09
Sortino ratio: Return per unit of downside risk	3.70	3.71	-0.01
Omega ratio: Gain probability vs. loss probability	1.49	1.52	-0.03
Calmar ratio: Return relative to maximum drawdown	3.67	4.11	-0.43
Martin ratio: Return relative to average drawdown	10.38	15.13	-4.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NESP.L vs. SPXP.L - Sharpe Ratio Comparison

The current NESP.L Sharpe Ratio is 2.86, which is comparable to the SPXP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of NESP.L and SPXP.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.

Sharpe Ratios by Period

	NESP.L	SPXP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	2.78	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.15	-0.55

Drawdowns

NESP.L vs. SPXP.L - Drawdown Comparison

The maximum NESP.L drawdown since its inception was -26.62%, roughly equal to the maximum SPXP.L drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for NESP.L and SPXP.L.

Drawdown Indicators

	NESP.L	SPXP.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-25.46%	-1.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-7.09%	-4.87%
Max Drawdown (3Y) Largest decline over 3 years	-26.10%	-20.77%	-5.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.46%	—
Current Drawdown Current decline from peak	-0.61%	-0.21%	-0.40%
Average Drawdown Average peak-to-trough decline	-10.26%	-3.50%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	1.93%	+2.31%

Volatility

NESP.L vs. SPXP.L - Volatility Comparison

Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a higher volatility of 4.41% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.65%. This indicates that NESP.L's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NESP.L	SPXP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	2.65%	+1.76%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	7.24%	+3.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.35%	10.49%	+4.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.41%	14.23%	+15.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.41%	16.22%	+13.19%

NESP.L vs. SPXP.L - Expense Ratio Comparison

NESP.L has a 0.25% expense ratio, which is higher than SPXP.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

NESP.L vs. SPXP.L - Dividend Comparison

Neither NESP.L nor SPXP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NESP.L and SPXP.L in my portfolio?

With a correlation of 0.90, NESP.L and SPXP.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.

Which ETF is better, NESP.L or SPXP.L?

On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NESP.L or SPXP.L?

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.25% for NESP.L.

What is the main difference between NESP.L and SPXP.L?

NESP.L is categorized as Nasdaq-100, while SPXP.L is S&P 500. NESP.L tracks Russell 1000 Growth TR USD, while SPXP.L tracks S&P 500 Index. Their fees differ too: 0.25% for NESP.L and 0.05% for SPXP.L.