SPEP.L vs. SPEX.L

Last updated Jun 5, 2026

SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds from Invesco - SPEP.L tracks the S&P 500 ESG Index while SPEX.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, SPEP.L returned 15.83%/yr vs 9.41%/yr for SPEX.L. A 0.79 correlation means they provide meaningful diversification when combined. SPEP.L charges 0.09%/yr vs 0.20%/yr for SPEX.L.

Performance

SPEP.L vs. SPEX.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 Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPEP.L achieves a 10.28% return, which is significantly higher than SPEX.L's 9.62% return.

SPEP.L

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

SPEX.L

• 1D: 0.47%
• 1M: 4.77%
• YTD: 9.62%
• 6M: 10.01%
• 1Y: 21.02%
• 3Y*: 12.25%
• 5Y*: 9.41%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	10.28%	9.94%	26.61%	21.47%	-8.87%	23.05%
SPEX.L Invesco S&P 500 Equal Weight UCITS ETF Acc	9.62%	3.90%	14.09%	7.64%	-1.17%	28.05%

Correlation

The correlation between SPEP.L and SPEX.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	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021	0.79

The correlation between SPEP.L and SPEX.L shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	SPEP.L	SPEX.L
Technology	38.6%	20.1%
Communication Services	14.5%	3.9%
Financial Services	12.0%	14.2%
Healthcare	9.3%	11.2%
Industrials	6.8%	14.1%
Consumer Defensive	5.1%	6.5%
Consumer Cyclical	4.6%	9.9%
Energy	4.2%	4.2%
Real Estate	2.2%	6.2%
Basic Materials	1.9%	3.9%
Utilities	0.8%	5.8%

Return for Risk

SPEP.L vs. SPEX.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: 35
SPEP.L Sharpe Ratio Rank: 22
SPEP.L Sortino Ratio Rank: 27
SPEP.L Omega Ratio Rank: 83
SPEP.L Calmar Ratio Rank: 25
SPEP.L Martin Ratio Rank: 18

SPEX.L

SPEX.L Risk / Return Rank: 68
SPEX.L Sharpe Ratio Rank: 67
SPEX.L Sortino Ratio Rank: 67
SPEX.L Omega Ratio Rank: 66
SPEX.L Calmar Ratio Rank: 74
SPEX.L Martin Ratio Rank: 66

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. SPEX.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 Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.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	SPEX.L	Difference
Sharpe ratio: Return per unit of total volatility	0.74	2.18	-1.43
Sortino ratio: Return per unit of downside risk	1.46	3.01	-1.54
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	1.15	3.65	-2.50
Martin ratio: Return relative to average drawdown	1.79	11.85	-10.05
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. SPEX.L - Sharpe Ratio Comparison

The current SPEP.L Sharpe Ratio is 0.74, which is lower than the SPEX.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of SPEP.L and SPEX.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	SPEX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.18	-1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.67	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.80	-0.20

Drawdowns

SPEP.L vs. SPEX.L - Drawdown Comparison

The maximum SPEP.L drawdown since its inception was -27.82%, which is greater than SPEX.L's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for SPEP.L and SPEX.L.

Drawdown Indicators

	SPEP.L	SPEX.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-19.65%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-5.73%	-22.09%
Max Drawdown (3Y) Largest decline over 3 years	-27.82%	-19.65%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	-27.82%	-19.65%	-8.17%
Current Drawdown Current decline from peak	-15.76%	0.00%	-15.76%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.12%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.93%	1.77%	+16.16%

Volatility

SPEP.L vs. SPEX.L - Volatility Comparison

Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) has a higher volatility of 2.84% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) at 1.97%. This indicates that SPEP.L's price experiences larger fluctuations and is considered to be riskier than SPEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEP.L	SPEX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	1.97%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	6.62%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	43.32%	9.62%	+33.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.49%	14.05%	+17.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.09%	14.60%	+15.49%

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

SPEP.L has a 0.09% expense ratio, which is lower than SPEX.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. SPEX.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SPEP.L and SPEX.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.

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

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

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

SPEP.L tracks S&P 500 ESG Index, while SPEX.L tracks S&P 500 Equal Weight Index. Their fees differ too: 0.09% for SPEP.L and 0.20% for SPEX.L.