SPED.L vs. SPMD.L
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L).
SPED.L and SPMD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPED.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Net Total Return. It was launched on Apr 6, 2021. SPMD.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Feb 21, 2018. Both SPED.L and SPMD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPED.L vs. SPMD.L - Performance Comparison
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SPED.L vs. SPMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | -1.42% | 11.67% | 12.37% | 13.50% | -12.03% | 11.48% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | -5.11% | 11.56% | 18.70% | 9.87% | -10.96% | 14.49% |
Returns By Period
In the year-to-date period, SPED.L achieves a -1.42% return, which is significantly higher than SPMD.L's -5.11% return.
SPED.L
- 1D
- -0.12%
- 1M
- -6.75%
- YTD
- -1.42%
- 6M
- 1.43%
- 1Y
- 11.91%
- 3Y*
- 11.19%
- 5Y*
- —
- 10Y*
- —
SPMD.L
- 1D
- 0.26%
- 1M
- -5.82%
- YTD
- -5.11%
- 6M
- -2.29%
- 1Y
- 4.42%
- 3Y*
- 10.91%
- 5Y*
- 7.92%
- 10Y*
- —
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SPED.L vs. SPMD.L - Expense Ratio Comparison
Both SPED.L and SPMD.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
SPED.L vs. SPMD.L — Risk / Return Rank
SPED.L
SPMD.L
SPED.L vs. SPMD.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 Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.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.L | SPMD.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 0.36 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.57 | +0.58 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.36 | +0.52 |
Martin ratioReturn relative to average drawdown | 4.18 | 1.82 | +2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPED.L | SPMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 0.36 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.64 | -0.16 |
Correlation
The correlation between SPED.L and SPMD.L is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPED.L vs. SPMD.L - Dividend Comparison
SPED.L's dividend yield for the trailing twelve months is around 1.42%, more than SPMD.L's 1.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.42% | 1.36% | 1.39% | 1.46% | 1.51% | 0.74% | 0.00% | 0.00% | 0.00% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | 1.21% | 1.15% | 1.28% | 1.46% | 1.35% | 1.27% | 1.54% | 1.52% | 1.13% |
Drawdowns
SPED.L vs. SPMD.L - Drawdown Comparison
The maximum SPED.L drawdown since its inception was -20.80%, smaller than the maximum SPMD.L drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for SPED.L and SPMD.L.
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Drawdown Indicators
| SPED.L | SPMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.80% | -33.34% | +12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.66% | -10.09% | -2.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.68% | — |
Current DrawdownCurrent decline from peak | -6.75% | -5.91% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.27% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.96% | +0.69% |
Volatility
SPED.L vs. SPMD.L - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) has a higher volatility of 3.71% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) at 2.94%. This indicates that SPED.L's price experiences larger fluctuations and is considered to be riskier than SPMD.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 | SPMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.94% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 5.87% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 12.18% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 12.59% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 14.72% | +3.03% |