NXTG.L vs. G500.L
NXTG.L (First Trust Indxx NextG UCITS ETF) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - NXTG.L tracks the First Trust Indxx NextG UCITS ETF while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, NXTG.L returned 9.76%/yr vs 12.15%/yr for G500.L. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
NXTG.L vs. G500.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NXTG.L achieves a 39.36% return, which is significantly higher than G500.L's 9.90% return.
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
NXTG.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 11.88% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 28.95% | 20.65% |
Correlation
The correlation between NXTG.L and G500.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.64 |
The correlation between NXTG.L and G500.L has been stable across timeframes, ranging from 0.64 to 0.69 - 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
NXTG.L vs. G500.L — Risk / Return Rank
NXTG.L
G500.L
NXTG.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG UCITS ETF (NXTG.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| NXTG.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.33 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.65 | -0.39 |
| Martin ratioReturn relative to average drawdown | 4.72 | 10.68 | -5.96 |
Loading charts...
Drawdowns
NXTG.L vs. G500.L - Drawdown Comparison
The maximum NXTG.L drawdown since its inception was -45.94%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for NXTG.L and G500.L.
Loading charts...
Drawdown Indicators
| NXTG.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.94% | -25.20% | -20.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.38% | -8.21% | -17.17% |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | -18.22% | -13.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -25.20% | -7.71% |
Max Drawdown (10Y)Largest decline over 10 years | -45.94% | — | — |
Current DrawdownCurrent decline from peak | -9.51% | -0.66% | -8.85% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -5.31% | -14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 2.04% | +10.12% |
Volatility
NXTG.L vs. G500.L - Volatility Comparison
First Trust Indxx NextG UCITS ETF (NXTG.L) has a higher volatility of 6.66% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that NXTG.L's price experiences larger fluctuations and is considered to be riskier than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NXTG.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 2.79% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 9.28% | +6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.75% | 12.06% | +34.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.04% | 15.99% | +27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.80% | 15.87% | +16.93% |
Dividends
NXTG.L vs. G500.L - Dividend Comparison
Neither NXTG.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
NXTG.L and G500.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXTG.L tracks First Trust Indxx NextG UCITS ETF, while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: First Trust and Invesco.
Find the right allocation for NXTG.L and G500.L
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