SPED.L vs. IESU.L
SPED.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SPED.L is a S&P 500 fund tracking the S&P 500 Equal Weight Net Total Return, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 5 years, SPED.L returned 8.91%/yr vs 22.27%/yr for IESU.L. At a 0.38 correlation, their price movements are largely independent. SPED.L charges 0.20%/yr vs 0.15%/yr for IESU.L.
Performance
SPED.L vs. IESU.L - Performance Comparison
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Different Trading Currencies
SPED.L is traded in USD, while IESU.L is traded in GBp. To make them comparable, the IESU.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPED.L achieves a 11.81% return, which is significantly lower than IESU.L's 28.54% return.
SPED.L
- 1D
- -0.16%
- 1M
- 1.22%
- 6M
- 8.40%
- YTD
- 11.81%
- 1Y
- 18.55%
- 3Y*
- 13.35%
- 5Y*
- 8.91%
- 10Y*
- —
IESU.L
- 1D
- 0.85%
- 1M
- 6.06%
- 6M
- 21.20%
- YTD
- 28.54%
- 1Y
- 36.33%
- 3Y*
- 14.63%
- 5Y*
- 22.27%
- 10Y*
- 8.78%
SPED.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 11.81% | 11.67% | 12.23% | 14.00% | -11.82% | 13.24% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.54% | 9.98% | 3.69% | -1.00% | 63.91% | 17.14% |
Correlation
The correlation between SPED.L and IESU.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.38 |
Over the past year, the correlation between SPED.L and IESU.L has dropped to 0.01 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
SPED.L vs. IESU.L — Risk / Return Rank
SPED.L
IESU.L
SPED.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| SPED.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.21 | +0.53 |
| Martin ratioReturn relative to average drawdown | 9.69 | 5.65 | +4.04 |
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Drawdowns
SPED.L vs. IESU.L - Drawdown Comparison
The maximum SPED.L drawdown since its inception was -20.85%, smaller than the maximum IESU.L drawdown of -72.57%. Use the drawdown chart below to compare losses from any high point for SPED.L and IESU.L.
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Drawdown Indicators
| SPED.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -72.57% | +51.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -16.37% | +9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -22.55% | +4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -27.74% | +6.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.85% | — |
Current DrawdownCurrent decline from peak | -0.23% | -8.87% | +8.64% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -24.88% | +19.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 6.42% | -4.51% |
Volatility
SPED.L vs. IESU.L - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) is 2.76%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 6.97%. This indicates that SPED.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPED.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 6.97% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 21.03% | -13.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 23.89% | -13.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 29.47% | -13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 29.81% | -12.99% |
SPED.L vs. IESU.L - Expense Ratio Comparison
SPED.L has a 0.20% expense ratio, which is higher than IESU.L's 0.15% 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
SPED.L vs. IESU.L - Dividend Comparison
SPED.L's dividend yield for the trailing twelve months is around 1.28%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.36% | 1.39% | 1.46% | 1.52% | 0.75% |
Frequently Asked Questions
SPED.L and IESU.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPED.L.
SPED.L is categorized as S&P 500, while IESU.L is Energy Equities. SPED.L tracks S&P 500 Equal Weight Net Total Return, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SPED.L and 0.15% for IESU.L.
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