SPEP.L vs. IGUS.L

Last updated Jun 4, 2026

SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) are both S&P 500 funds - SPEP.L tracks the S&P 500 ESG Index while IGUS.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEP.L returned 15.68%/yr vs 12.44%/yr for IGUS.L. A 0.79 correlation means they provide meaningful diversification when combined. SPEP.L charges 0.09%/yr vs 0.20%/yr for IGUS.L.

Performance

SPEP.L vs. IGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPEP.L having a 9.52% return and IGUS.L slightly higher at 9.75%.

SPEP.L

• 1D: -0.47%
• 1M: 5.57%
• YTD: 9.52%
• 6M: 9.85%
• 1Y: 31.49%
• 3Y*: 18.82%
• 5Y*: 15.68%
• 10Y*: —

IGUS.L

• 1D: -0.53%
• 1M: 4.55%
• YTD: 9.75%
• 6M: 10.57%
• 1Y: 27.50%
• 3Y*: 21.43%
• 5Y*: 12.44%
• 10Y*: 13.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEP.L vs. IGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	9.52%	9.94%	26.61%	21.47%	-8.87%	34.78%	21.63%
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	9.75%	17.39%	24.64%	24.49%	-20.60%	28.57%	33.46%

Correlation

The correlation between SPEP.L and IGUS.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020	0.79

The correlation between SPEP.L and IGUS.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

SPEP.L vs. IGUS.L - Sectors Allocation Comparison

Sectors	SPEP.L	IGUS.L
Technology	38.6%	35.6%
Communication Services	14.5%	11.2%
Financial Services	12.0%	11.8%
Healthcare	9.3%	8.5%
Industrials	6.8%	8.3%
Consumer Defensive	5.1%	4.9%
Consumer Cyclical	4.6%	10.2%
Energy	4.2%	3.5%
Real Estate	2.2%	1.9%
Basic Materials	1.9%	1.8%
Utilities	0.8%	2.3%

Return for Risk

SPEP.L vs. IGUS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPEP.L

SPEP.L Risk / Return Rank: 34
SPEP.L Sharpe Ratio Rank: 21
SPEP.L Sortino Ratio Rank: 26
SPEP.L Omega Ratio Rank: 81
SPEP.L Calmar Ratio Rank: 24
SPEP.L Martin Ratio Rank: 17

IGUS.L

IGUS.L Risk / Return Rank: 70
IGUS.L Sharpe Ratio Rank: 70
IGUS.L Sortino Ratio Rank: 74
IGUS.L Omega Ratio Rank: 70
IGUS.L Calmar Ratio Rank: 65
IGUS.L Martin Ratio Rank: 74

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.

SPEP.L vs. IGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.

	SPEP.L	IGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.32	-1.59
Sortino ratio: Return per unit of downside risk	1.44	3.37	-1.93
Omega ratio: Gain probability vs. loss probability	1.48	1.42	+0.06
Calmar ratio: Return relative to maximum drawdown	1.13	3.24	-2.12
Martin ratio: Return relative to average drawdown	1.75	14.12	-12.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPEP.L vs. IGUS.L - Sharpe Ratio Comparison

The current SPEP.L Sharpe Ratio is 0.72, which is lower than the IGUS.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SPEP.L and IGUS.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.

Sharpe Ratios by Period

	SPEP.L	IGUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.32	-1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.77	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.82	-0.23

Drawdowns

SPEP.L vs. IGUS.L - Drawdown Comparison

The maximum SPEP.L drawdown since its inception was -27.82%, smaller than the maximum IGUS.L drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for SPEP.L and IGUS.L.

Drawdown Indicators

	SPEP.L	IGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-36.66%	+8.84%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-8.44%	-19.38%
Max Drawdown (3Y) Largest decline over 3 years	-27.82%	-18.98%	-8.84%
Max Drawdown (5Y) Largest decline over 5 years	-27.82%	-25.66%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.66%	—
Current Drawdown Current decline from peak	-16.33%	-0.53%	-15.80%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.15%	-3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.90%	1.94%	+15.96%

Volatility

SPEP.L vs. IGUS.L - Volatility Comparison

The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) is 2.81%, while iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a volatility of 3.22%. This indicates that SPEP.L experiences smaller price fluctuations and is considered to be less risky than IGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEP.L	IGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	3.22%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	8.66%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	43.33%	11.87%	+31.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.49%	16.11%	+15.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.10%	16.58%	+13.52%

SPEP.L vs. IGUS.L - Expense Ratio Comparison

SPEP.L has a 0.09% expense ratio, which is lower than IGUS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPEP.L vs. IGUS.L - Dividend Comparison

Neither SPEP.L nor IGUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPEP.L and IGUS.L in my portfolio?

SPEP.L and IGUS.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPEP.L or IGUS.L?

On fees, SPEP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPEP.L or IGUS.L?

SPEP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for IGUS.L.

What is the main difference between SPEP.L and IGUS.L?

SPEP.L tracks S&P 500 ESG Index, while IGUS.L tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for SPEP.L and 0.20% for IGUS.L.