SGWS.L vs. SPXS.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - SGWS.L tracks the iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, SGWS.L returned 9.85%/yr vs -54.77%/yr for SPXS.L. A 0.76 correlation means they provide meaningful diversification when combined. SGWS.L charges 0.23%/yr vs 0.05%/yr for SPXS.L.
Performance
SGWS.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
SGWS.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, SGWS.L achieves a 11.67% return, which is significantly higher than SPXS.L's 9.88% return.
SGWS.L
- 1D
- -0.28%
- 1M
- -0.65%
- 6M
- 8.99%
- YTD
- 11.67%
- 1Y
- 20.35%
- 3Y*
- 14.60%
- 5Y*
- 9.85%
- 10Y*
- —
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%
SGWS.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 11.67% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 20.65% | -8.84% | 30.87% | 1.62% |
Correlation
The correlation between SGWS.L and SPXS.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.76 |
The correlation between SGWS.L and SPXS.L has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
SGWS.L vs. SPXS.L — Risk / Return Rank
SGWS.L
SPXS.L
SGWS.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.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.
| SGWS.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.52 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -1.00 | +3.45 |
| Martin ratioReturn relative to average drawdown | 9.53 | -1.23 | +10.76 |
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Drawdowns
SGWS.L vs. SPXS.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for SGWS.L and SPXS.L.
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Drawdown Indicators
| SGWS.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -99.07% | +73.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -99.07% | +90.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -99.07% | +81.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -99.07% | +73.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -1.70% | -98.92% | +97.22% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -7.34% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 80.59% | -78.36% |
Volatility
SGWS.L vs. SPXS.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.02% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.88%. This indicates that SGWS.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
| SGWS.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.02% | 2.88% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 9.25% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 99.46% | -86.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 46.95% | -31.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 35.32% | -20.12% |
SGWS.L vs. SPXS.L - Expense Ratio Comparison
SGWS.L has a 0.23% 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
SGWS.L vs. SPXS.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.16%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.16% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGWS.L and SPXS.L have a correlation of 0.71, 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 0.23% for SGWS.L.
SGWS.L tracks iShares MSCI World SRI UCITS ETF GBP Hedged (Dist), while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.23% for SGWS.L and 0.05% for SPXS.L.
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