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NXTG.L vs. SPXS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NXTG.L vs. SPXS.L

Last updated Jul 16, 2026
Documentation

NXTG.L (First Trust Indxx NextG UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - NXTG.L tracks the First Trust Indxx NextG UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 10 years, NXTG.L returned 6.94%/yr vs -27.53%/yr for SPXS.L. At a 0.45 correlation, their price movements are largely independent.

Performance

NXTG.L vs. SPXS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Indxx NextG UCITS ETF (NXTG.L) and Invesco S&P 500 UCITS ETF (SPXS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NXTG.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, NXTG.L achieves a 39.36% return, which is significantly higher than SPXS.L's 9.88% return. Over the past 10 years, NXTG.L has outperformed SPXS.L with an annualized return of 6.94%, while SPXS.L has yielded a comparatively lower -27.53% annualized 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%

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

NXTG.L vs. SPXS.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NXTG.L
First Trust Indxx NextG UCITS ETF		39.36%19.23%14.96%0.29%-24.39%15.88%4.17%8.33%-27.67%22.13%
SPXS.L
Invesco S&P 500 UCITS ETF		9.88%-98.91%27.76%20.65%-8.84%30.87%14.43%25.88%0.43%11.11%

Correlation

The correlation between NXTG.L and SPXS.L is 0.66, 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

0.66

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

0.65

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

0.55

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

0.48

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2015

0.45

Over the past year, NXTG.L and SPXS.L have become more correlated (0.66) than their long-term average of 0.45, meaning their price movements have been converging.

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First Trust Indxx NextG UCITS ETF

Invesco S&P 500 UCITS ETF

Return for Risk

NXTG.L vs. SPXS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NXTG.L
NXTG.L Risk / Return Rank: 5555
Overall Rank
NXTG.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
NXTG.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
NXTG.L Omega Ratio Rank: 9292
Omega Ratio Rank
NXTG.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
NXTG.L Martin Ratio Rank: 3838
Martin Ratio Rank
SPXS.L
SPXS.L Risk / Return Rank: 22
Overall Rank
SPXS.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
SPXS.L Sortino Ratio Rank: 44
Sortino Ratio Rank
SPXS.L Omega Ratio Rank: 00
Omega Ratio Rank
SPXS.L Calmar Ratio Rank: 00
Calmar Ratio Rank
SPXS.L Martin Ratio Rank: 33
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.

NXTG.L vs. SPXS.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 (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.

NXTG.LSPXS.LDifference
Sharpe ratioReturn per unit of total volatility
1.23
-0.99

+2.22

Sortino ratioReturn per unit of downside risk
2.01
-0.78

+2.79

Omega ratioGain probability vs. loss probability

1.50

0.52

+0.98

Calmar ratioReturn relative to maximum drawdown

2.26

-1.00

+3.26

Martin ratioReturn relative to average drawdown

4.72

-1.23

+5.95

NXTG.L vs. SPXS.L - Sharpe Ratio Comparison

The current NXTG.L Sharpe Ratio is 1.23, which is higher than the SPXS.L Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of NXTG.L and SPXS.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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Drawdowns

NXTG.L vs. SPXS.L - Drawdown Comparison

The maximum NXTG.L drawdown since its inception was -45.94%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for NXTG.L and SPXS.L.

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Drawdown Indicators

NXTG.LSPXS.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.94%

-99.07%

+53.13%

Max Drawdown (1Y)

Largest decline over 1 year

-25.38%

-99.07%

+73.69%

Max Drawdown (3Y)

Largest decline over 3 years

-31.89%

-99.07%

+67.18%

Max Drawdown (5Y)

Largest decline over 5 years

-32.91%

-99.07%

+66.16%

Max Drawdown (10Y)

Largest decline over 10 years

-45.94%

-99.07%

+53.13%

Current Drawdown

Current decline from peak

-9.51%

-98.92%

+89.41%

Average Drawdown

Average peak-to-trough decline

-19.86%

-7.34%

-12.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.16%

80.59%

-68.43%

Volatility

NXTG.L vs. SPXS.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 (SPXS.L) at 2.88%. This indicates that NXTG.L's price experiences larger fluctuations and is considered to be riskier 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

NXTG.LSPXS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.66%

2.88%

+3.78%

Volatility (6M)

Calculated over the trailing 6-month period

15.57%

9.25%

+6.32%

Volatility (1Y)

Calculated over the trailing 1-year period

46.75%

99.46%

-52.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.04%

46.95%

-3.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.80%

35.32%

-2.52%

Dividends

NXTG.L vs. SPXS.L - Dividend Comparison

Neither NXTG.L nor SPXS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

NXTG.L and SPXS.L have a correlation of 0.66, 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 SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: First Trust and Invesco.

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