SPED.L vs. SPXS.L
SPED.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds from Invesco - SPED.L tracks the S&P 500 Equal Weight Net Total Return while SPXS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPED.L returned 8.91%/yr vs -55.04%/yr for SPXS.L. Their correlation of 0.85 suggests significant overlap in exposure. SPED.L charges 0.20%/yr vs 0.05%/yr for SPXS.L.
Performance
SPED.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPED.L achieves a 11.81% return, which is significantly higher than SPXS.L's 8.95% 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*
- —
SPXS.L
- 1D
- -1.32%
- 1M
- -0.60%
- 6M
- 8.00%
- YTD
- 8.95%
- 1Y
- -98.80%
- 3Y*
- -74.24%
- 5Y*
- -55.04%
- 10Y*
- -27.46%
SPED.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 8.95% | -98.82% | 25.56% | 27.00% | -18.53% | 20.35% |
Correlation
The correlation between SPED.L and SPXS.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.85 |
The correlation between SPED.L and SPXS.L shifts across timeframes, from 0.73 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPED.L vs. SPXS.L — Risk / Return Rank
SPED.L
SPXS.L
SPED.L vs. SPXS.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 Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.73 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.51 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | -1.00 | +3.73 |
| Martin ratioReturn relative to average drawdown | 9.69 | -1.22 | +10.92 |
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Drawdowns
SPED.L vs. SPXS.L - Drawdown Comparison
The maximum SPED.L drawdown since its inception was -20.85%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for SPED.L and SPXS.L.
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Drawdown Indicators
| SPED.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.85% | -99.07% | +78.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -99.07% | +92.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | -99.07% | +80.66% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -99.07% | +78.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -0.23% | -98.91% | +98.68% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -7.69% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 80.82% | -78.91% |
Volatility
SPED.L vs. SPXS.L - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) is 2.76%, while Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) has a volatility of 3.01%. This indicates that SPED.L experiences smaller price fluctuations and is considered to be less risky than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.01% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 9.33% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 99.43% | -88.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 47.12% | -31.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 35.28% | -18.46% |
SPED.L vs. SPXS.L - Expense Ratio Comparison
SPED.L has a 0.20% expense ratio, which is higher than SPXS.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
SPED.L vs. SPXS.L - Dividend Comparison
SPED.L's dividend yield for the trailing twelve months is around 1.28%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.36% | 1.39% | 1.46% | 1.52% | 0.75% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPED.L and SPXS.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.20% for SPED.L.
SPED.L tracks S&P 500 Equal Weight Net Total Return, while SPXS.L tracks S&P 500 Index. Their fees differ too: 0.20% for SPED.L and 0.05% for SPXS.L.
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