SP5L.L vs. SPXP.L

Last updated Jun 5, 2026

SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from Amundi and Invesco respectively. Both are passively managed. Over the past 5 years, SP5L.L returned 15.13%/yr vs 15.15%/yr for SPXP.L. With a 0.95 correlation, they move nearly in lockstep. SP5L.L charges 0.07%/yr vs 0.05%/yr for SPXP.L.

Performance

SP5L.L vs. SPXP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and Invesco S&P 500 UCITS ETF (SPXP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SP5L.L is traded in GBP, while SPXP.L is traded in GBp. To make them comparable, the SPXP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SP5L.L having a 10.62% return and SPXP.L slightly lower at 10.55%.

SP5L.L

• 1D: -0.00%
• 1M: 5.55%
• YTD: 10.62%
• 6M: 10.54%
• 1Y: 29.36%
• 3Y*: 19.21%
• 5Y*: 15.13%
• 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)

SP5L.L vs. SPXP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	10.62%	9.50%	27.61%	19.99%	-8.84%	31.19%	13.92%	26.93%	0.03%	6.79%
SPXP.L Invesco S&P 500 UCITS ETF	10.55%	9.53%	27.58%	20.06%	-8.79%	31.26%	13.90%	26.76%	0.26%	6.68%

Correlation

The correlation between SP5L.L and SPXP.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 11, 2017	0.95

The correlation between SP5L.L and SPXP.L has been stable across timeframes, ranging from 0.95 to 1.00 - a consistent structural relationship.

SP5L.L vs. SPXP.L - Sectors Allocation Comparison

Sectors	SP5L.L	SPXP.L
Technology	35.6%	35.6%
Financial Services	11.8%	11.8%
Communication Services	11.2%	11.2%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.5%	8.5%
Industrials	8.3%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.4%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

SP5L.L vs. SPXP.L — Risk / Return Rank

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

SP5L.L

SP5L.L Risk / Return Rank: 82
SP5L.L Sharpe Ratio Rank: 85
SP5L.L Sortino Ratio Rank: 84
SP5L.L Omega Ratio Rank: 86
SP5L.L Calmar Ratio Rank: 80
SP5L.L Martin Ratio Rank: 77

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.

SP5L.L vs. SPXP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor S&P 500 UCITS ETF - Acc (SP5L.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.

	SP5L.L	SPXP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.78	+0.01
Sortino ratio: Return per unit of downside risk	3.72	3.71	0.00
Omega ratio: Gain probability vs. loss probability	1.52	1.52	0.00
Calmar ratio: Return relative to maximum drawdown	4.06	4.11	-0.05
Martin ratio: Return relative to average drawdown	14.64	15.13	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SP5L.L vs. SPXP.L - Sharpe Ratio Comparison

The current SP5L.L Sharpe Ratio is 2.79, which is comparable to the SPXP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of SP5L.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

	SP5L.L	SPXP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.78	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	1.06	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.15	-0.21

Drawdowns

SP5L.L vs. SPXP.L - Drawdown Comparison

The maximum SP5L.L drawdown since its inception was -25.47%, roughly equal to the maximum SPXP.L drawdown of -25.46%. Use the drawdown chart below to compare losses from any high point for SP5L.L and SPXP.L.

Drawdown Indicators

	SP5L.L	SPXP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.47%	-25.46%	-0.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-7.09%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.12%	-20.77%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-20.77%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.46%	—
Current Drawdown Current decline from peak	-0.22%	-0.21%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.50%	-3.50%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.93%	+0.07%

Volatility

SP5L.L vs. SPXP.L - Volatility Comparison

Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and Invesco S&P 500 UCITS ETF (SPXP.L) have volatilities of 2.61% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP5L.L	SPXP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.65%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	7.24%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	10.49%	10.49%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	14.23%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	16.22%	-0.38%

SP5L.L vs. SPXP.L - Expense Ratio Comparison

SP5L.L has a 0.07% 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

SP5L.L vs. SPXP.L - Dividend Comparison

Neither SP5L.L nor SPXP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SP5L.L and SPXP.L in my portfolio?

With a correlation of 0.99, SP5L.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, SP5L.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, SP5L.L or SPXP.L?

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.07% for SP5L.L.

What is the main difference between SP5L.L and SPXP.L?

Both ETFs track S&P 500 Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.07% for SP5L.L and 0.05% for SPXP.L.