SEDM.L vs. SPXS.L
SEDM.L (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - SEDM.L tracks the iShares MSCI EM IMI Screened UCITS ETF USD (Dist) while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, SEDM.L returned 6.74%/yr vs -54.94%/yr for SPXS.L. A 0.67 correlation means they provide meaningful diversification when combined. SEDM.L charges 0.18%/yr vs 0.05%/yr for SPXS.L.
Performance
SEDM.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SEDM.L achieves a 18.00% return, which is significantly higher than SPXS.L's 10.20% return.
SEDM.L
- 1D
- -0.77%
- 1M
- -7.30%
- 6M
- 12.55%
- YTD
- 18.00%
- 1Y
- 33.61%
- 3Y*
- 19.38%
- 5Y*
- 6.74%
- 10Y*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
SEDM.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.00% | 32.84% | 7.40% | 10.53% | -20.48% | -1.52% | 19.90% | 16.95% | 1.21% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 30.86% | -9.41% |
Correlation
The correlation between SEDM.L and SPXS.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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.67 |
The correlation between SEDM.L and SPXS.L has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
SEDM.L vs. SPXS.L — Risk / Return Rank
SEDM.L
SPXS.L
SEDM.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.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.
| SEDM.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.52 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -1.00 | +3.51 |
| Martin ratioReturn relative to average drawdown | 8.04 | -1.23 | +9.27 |
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Drawdowns
SEDM.L vs. SPXS.L - Drawdown Comparison
The maximum SEDM.L drawdown since its inception was -38.83%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for SEDM.L and SPXS.L.
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Drawdown Indicators
| SEDM.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.83% | -99.07% | +60.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -99.07% | +85.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -99.07% | +81.85% |
Max Drawdown (5Y)Largest decline over 5 years | -34.83% | -99.07% | +64.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -8.97% | -98.90% | +89.93% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -7.67% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 80.57% | -76.40% |
Volatility
SEDM.L vs. SPXS.L - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (SEDM.L) has a higher volatility of 8.85% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that SEDM.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
| SEDM.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.85% | 2.73% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 9.24% | +10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.74% | 99.43% | -77.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.98% | 47.13% | -28.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 35.27% | -15.08% |
SEDM.L vs. SPXS.L - Expense Ratio Comparison
SEDM.L has a 0.18% expense ratio, which is higher than SPXS.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
SEDM.L vs. SPXS.L - Dividend Comparison
SEDM.L's dividend yield for the trailing twelve months is around 1.71%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SEDM.L iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.71% | 1.96% | 2.37% | 2.33% | 2.56% | 1.83% | 1.51% | 2.23% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SEDM.L and SPXS.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.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.18% for SEDM.L.
SEDM.L tracks iShares MSCI EM IMI Screened UCITS ETF USD (Dist), while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for SEDM.L and 0.05% for SPXS.L.
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