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SPED.L vs. IUSA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPED.L vs. IUSA.L

Last updated Jun 5, 2026

SPED.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds - SPED.L tracks the S&P 500 Equal Weight Net Total Return while IUSA.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPED.L returned 8.23%/yr vs 14.11%/yr for IUSA.L. A 0.64 correlation means they provide meaningful diversification when combined. SPED.L charges 0.20%/yr vs 0.07%/yr for IUSA.L.

Performance

SPED.L vs. IUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPED.L is traded in USD, while IUSA.L is traded in GBp. To make them comparable, the IUSA.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 9.35% return, which is significantly lower than IUSA.L's 10.40% return.

SPED.L

1D
0.37%
1M
3.71%
YTD
9.35%
6M
10.62%
1Y
19.82%
3Y*
15.22%
5Y*
8.23%
10Y*
—

IUSA.L

1D
0.08%
1M
4.65%
YTD
10.40%
6M
11.47%
1Y
28.32%
3Y*
22.50%
5Y*
14.11%
10Y*
15.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPED.L vs. IUSA.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPED.L
Invesco S&P 500 Equal Weight UCITS ETF Dist		9.35%11.67%12.37%13.50%-12.03%11.48%
IUSA.L
iShares S&P 500 UCITS Dist		10.40%17.97%25.60%26.58%-18.47%15.78%

Correlation

The correlation between SPED.L and IUSA.L is 0.66, 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

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Apr 26, 2021

0.64

The correlation between SPED.L and IUSA.L has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

SPED.L vs. IUSA.L - Sectors Allocation Comparison

Sectors
SPED.L
IUSA.L

Technology

18.3%
38.2%

Industrials

14.7%
7.9%

Financial Services

14.4%
11.1%

Healthcare

10.9%
8.3%

Consumer Cyclical

10.3%
10.0%

Consumer Defensive

6.5%
4.7%

Real Estate

6.2%
1.9%

Utilities

6.1%
2.2%

Energy

4.6%
3.2%

Basic Materials

4.1%
1.7%

Communication Services

4.0%
10.9%

Technology

SPED.L
18.3%
IUSA.L
38.2%

Industrials

SPED.L
14.7%
IUSA.L
7.9%

Financial Services

SPED.L
14.4%
IUSA.L
11.1%

Healthcare

SPED.L
10.9%
IUSA.L
8.3%

Consumer Cyclical

SPED.L
10.3%
IUSA.L
10.0%

Consumer Defensive

SPED.L
6.5%
IUSA.L
4.7%

Real Estate

SPED.L
6.2%
IUSA.L
1.9%

Utilities

SPED.L
6.1%
IUSA.L
2.2%

Energy

SPED.L
4.6%
IUSA.L
3.2%

Basic Materials

SPED.L
4.1%
IUSA.L
1.7%

Communication Services

SPED.L
4.0%
IUSA.L
10.9%

Compare stocks, funds, or ETFs

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Invesco S&P 500 Equal Weight UCITS ETF Dist

iShares S&P 500 UCITS Dist

Often compared with SPED.L:
SPED.L vs. XDED.DESPED.L vs. MWEQ.LSPED.L vs. IUMS.LSPED.L vs. VUAA.LSPED.L vs. SPYL.LSPED.L vs. ICSU.LSPED.L vs. EQGB.L
Often compared with IUSA.L:
IUSA.L vs. CSP1.LIUSA.L vs. VUAA.LIUSA.L vs. IAPD.ASIUSA.L vs. SPX5.LIUSA.L vs. SPXP.LIUSA.L vs. VOOIUSA.L vs. IVV

Return for Risk

SPED.L vs. IUSA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPED.L
SPED.L Risk / Return Rank: 5858
Overall Rank
SPED.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SPED.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPED.L Omega Ratio Rank: 5454
Omega Ratio Rank
SPED.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPED.L Martin Ratio Rank: 5959
Martin Ratio Rank
IUSA.L
IUSA.L Risk / Return Rank: 8484
Overall Rank
IUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IUSA.L Omega Ratio Rank: 8686
Omega Ratio Rank
IUSA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
IUSA.L Martin Ratio Rank: 8080
Martin Ratio Rank
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.

SPED.L vs. IUSA.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 UCITS Dist (IUSA.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.

SPED.LIUSA.LDifference
Sharpe ratioReturn per unit of total volatility
1.85
2.55

-0.70

Sortino ratioReturn per unit of downside risk
2.80
3.68

-0.88

Omega ratioGain probability vs. loss probability

1.33

1.46

-0.13

Calmar ratioReturn relative to maximum drawdown

2.93

3.28

-0.35

Martin ratioReturn relative to average drawdown

10.31

14.20

-3.89

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPED.L vs. IUSA.L - Sharpe Ratio Comparison

The current SPED.L Sharpe Ratio is 1.85, which is comparable to the IUSA.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of SPED.L and IUSA.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.

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Sharpe Ratios by Period

SPED.LIUSA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.55

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.90

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.97

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.61

+0.01

Drawdowns

SPED.L vs. IUSA.L - Drawdown Comparison

The maximum SPED.L drawdown since its inception was -20.80%, smaller than the maximum IUSA.L drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for SPED.L and IUSA.L.

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Drawdown Indicators

SPED.LIUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.80%

-54.80%

+34.00%

Max Drawdown (1Y)

Largest decline over 1 year

-6.75%

-8.60%

+1.85%

Max Drawdown (3Y)

Largest decline over 3 years

-18.41%

-19.12%

+0.71%

Max Drawdown (5Y)

Largest decline over 5 years

-20.80%

-25.00%

+4.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.42%

—

Current Drawdown

Current decline from peak

0.00%

-0.53%

+0.53%

Average Drawdown

Average peak-to-trough decline

-4.95%

-7.66%

+2.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

1.99%

-0.07%

Volatility

SPED.L vs. IUSA.L - Volatility Comparison

Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and iShares S&P 500 UCITS Dist (IUSA.L) have volatilities of 2.60% and 2.57%, 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.

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Volatility by Period

SPED.LIUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.60%

2.57%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

7.38%

7.97%

-0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

10.68%

11.04%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.59%

15.67%

+1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.52%

16.16%

+1.36%

SPED.L vs. IUSA.L - Expense Ratio Comparison

SPED.L has a 0.20% expense ratio, which is higher than IUSA.L's 0.07% 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. IUSA.L - Dividend Comparison

SPED.L's dividend yield for the trailing twelve months is around 1.28%, more than IUSA.L's 1.15% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSA.L
iShares S&P 500 UCITS Dist		1.15%1.24%1.28%1.55%1.74%1.39%1.80%1.96%2.22%1.95%1.75%2.29%
SPED.L
Invesco S&P 500 Equal Weight UCITS ETF Dist		1.28%1.36%1.39%1.46%1.51%0.74%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPED.L and IUSA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for SPED.L.

SPED.L tracks S&P 500 Equal Weight Net Total Return, while IUSA.L tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SPED.L and 0.07% for IUSA.L.

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