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

SPEP.L vs. IUSA.L

Last updated Jun 5, 2026

SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds - SPEP.L tracks the S&P 500 ESG Index while IUSA.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEP.L returned 15.83%/yr vs 15.33%/yr for IUSA.L. With a 0.97 correlation, they move nearly in lockstep. SPEP.L charges 0.09%/yr vs 0.07%/yr for IUSA.L.

Performance

SPEP.L vs. IUSA.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 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with SPEP.L having a 10.28% return and IUSA.L slightly higher at 10.67%.

SPEP.L

1D
0.69%
1M
5.80%
YTD
10.28%
6M
10.71%
1Y
32.26%
3Y*
18.76%
5Y*
15.83%
10Y*
—

IUSA.L

1D
0.04%
1M
5.55%
YTD
10.67%
6M
10.66%
1Y
29.55%
3Y*
19.42%
5Y*
15.33%
10Y*
16.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
SPEP.L
Invesco S&P 500 Scored & Screened ETF Acc		10.28%9.94%26.61%21.47%-8.87%34.78%21.63%
IUSA.L
iShares S&P 500 UCITS Dist		10.67%9.70%27.73%20.24%-8.72%31.54%30.54%

Correlation

The correlation between SPEP.L and IUSA.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

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

0.95

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

0.97

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2020

0.97

The correlation between SPEP.L and IUSA.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

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

Sectors
SPEP.L
IUSA.L

Technology

38.6%
38.2%

Communication Services

14.5%
10.9%

Financial Services

12.0%
11.1%

Healthcare

9.3%
8.3%

Industrials

6.8%
7.9%

Consumer Defensive

5.1%
4.7%

Consumer Cyclical

4.6%
10.0%

Energy

4.2%
3.2%

Real Estate

2.2%
1.9%

Basic Materials

1.9%
1.7%

Utilities

0.8%
2.2%

Technology

SPEP.L
38.6%
IUSA.L
38.2%

Communication Services

SPEP.L
14.5%
IUSA.L
10.9%

Financial Services

SPEP.L
12.0%
IUSA.L
11.1%

Healthcare

SPEP.L
9.3%
IUSA.L
8.3%

Industrials

SPEP.L
6.8%
IUSA.L
7.9%

Consumer Defensive

SPEP.L
5.1%
IUSA.L
4.7%

Consumer Cyclical

SPEP.L
4.6%
IUSA.L
10.0%

Energy

SPEP.L
4.2%
IUSA.L
3.2%

Real Estate

SPEP.L
2.2%
IUSA.L
1.9%

Basic Materials

SPEP.L
1.9%
IUSA.L
1.7%

Utilities

SPEP.L
0.8%
IUSA.L
2.2%

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Invesco S&P 500 Scored & Screened ETF Acc

iShares S&P 500 UCITS Dist

Often compared with SPEP.L:
SPEP.L vs. SPYSPEP.L vs. SPXP.LSPEP.L vs. SPY5.LSPEP.L vs. SPIDXSPEP.L vs. VOOSPEP.L vs. P500.DESPEP.L vs. XD9U.DE
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

SPEP.L vs. IUSA.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: 3535
Overall Rank
SPEP.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SPEP.L Sortino Ratio Rank: 2727
Sortino Ratio Rank
SPEP.L Omega Ratio Rank: 8383
Omega Ratio Rank
SPEP.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
SPEP.L Martin Ratio Rank: 1818
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.

SPEP.L vs. IUSA.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 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.

SPEP.LIUSA.LDifference
Sharpe ratioReturn per unit of total volatility
0.74
2.82

-2.08

Sortino ratioReturn per unit of downside risk
1.46
3.78

-2.32

Omega ratioGain probability vs. loss probability

1.49

1.53

-0.03

Calmar ratioReturn relative to maximum drawdown

1.15

4.20

-3.04

Martin ratioReturn relative to average drawdown

1.79

15.53

-13.73

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. IUSA.L - Sharpe Ratio Comparison

The current SPEP.L Sharpe Ratio is 0.74, which is lower than the IUSA.L Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of SPEP.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

SPEP.LIUSA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.74

2.82

-2.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

1.07

-0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.06

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.58

+0.01

Drawdowns

SPEP.L vs. IUSA.L - Drawdown Comparison

The maximum SPEP.L drawdown since its inception was -27.82%, smaller than the maximum IUSA.L drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for SPEP.L and IUSA.L.

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Drawdown Indicators

SPEP.LIUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.82%

-38.58%

+10.76%

Max Drawdown (1Y)

Largest decline over 1 year

-27.82%

-7.01%

-20.81%

Max Drawdown (3Y)

Largest decline over 3 years

-27.82%

-21.08%

-6.74%

Max Drawdown (5Y)

Largest decline over 5 years

-27.82%

-21.08%

-6.74%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.42%

—

Current Drawdown

Current decline from peak

-15.76%

-0.22%

-15.54%

Average Drawdown

Average peak-to-trough decline

-7.47%

-7.29%

-0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.93%

1.90%

+16.03%

Volatility

SPEP.L vs. IUSA.L - Volatility Comparison

Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) has a higher volatility of 2.84% compared to iShares S&P 500 UCITS Dist (IUSA.L) at 2.62%. This indicates that SPEP.L's price experiences larger fluctuations and is considered to be riskier than IUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPEP.LIUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

2.62%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

7.09%

7.13%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

43.32%

10.44%

+32.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.49%

14.33%

+17.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.09%

15.60%

+14.49%

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

SPEP.L has a 0.09% 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

SPEP.L vs. IUSA.L - Dividend Comparison

SPEP.L has not paid dividends to shareholders, while IUSA.L's dividend yield for the trailing twelve months is around 1.15%.

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%
SPEP.L
Invesco S&P 500 Scored & Screened ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.94, SPEP.L and IUSA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.09% for SPEP.L.

SPEP.L tracks S&P 500 ESG Index, while IUSA.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 0.07% for IUSA.L.

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