SPAG.L vs. G500.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - SPAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, SPAG.L returned 5.00%/yr vs 12.15%/yr for G500.L. At a 0.38 correlation, their price movements are largely independent. SPAG.L charges 0.55%/yr vs 0.05%/yr for G500.L.
Performance
SPAG.L vs. G500.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPAG.L achieves a 11.48% return, which is significantly higher than G500.L's 9.90% return.
SPAG.L
- 1D
- 0.56%
- 1M
- 0.75%
- 6M
- 5.38%
- YTD
- 11.48%
- 1Y
- 13.71%
- 3Y*
- 4.36%
- 5Y*
- 5.00%
- 10Y*
- 7.09%
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SPAG.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.48% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 21.48% |
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 SPAG.L and G500.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.38 |
Over the past year, the correlation between SPAG.L and G500.L has dropped to 0.04 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
SPAG.L vs. G500.L — Risk / Return Rank
SPAG.L
G500.L
SPAG.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.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.
| SPAG.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.65 | -1.05 |
| Martin ratioReturn relative to average drawdown | 4.12 | 10.68 | -6.57 |
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Drawdowns
SPAG.L vs. G500.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, 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 SPAG.L and G500.L.
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Drawdown Indicators
| SPAG.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -25.20% | -18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -8.21% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -18.22% | -9.38% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -25.20% | -6.75% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | — | — |
Current DrawdownCurrent decline from peak | -10.54% | -0.66% | -9.88% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -5.31% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 2.04% | +1.68% |
Volatility
SPAG.L vs. G500.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) has a higher volatility of 3.21% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that SPAG.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.
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Volatility by Period
| SPAG.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.79% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 9.28% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 12.06% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 15.99% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 15.87% | +3.09% |
SPAG.L vs. G500.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than G500.L's 0.05% expense ratio.
Dividends
SPAG.L vs. G500.L - Dividend Comparison
Neither SPAG.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and G500.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.55% for SPAG.L.
SPAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for SPAG.L and 0.05% for G500.L.
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