SPEP.L vs. SPX5.L

Last updated Jul 16, 2026

SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and SPX5.L (SPDR S&P 500 UCITS ETF) are both S&P 500 funds - SPEP.L tracks the S&P 500 ESG Index while SPX5.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEP.L returned 14.22%/yr vs 13.52%/yr for SPX5.L. With a 0.98 correlation, they move nearly in lockstep. SPEP.L charges 0.09%/yr vs 0.03%/yr for SPX5.L.

Performance

SPEP.L vs. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPEP.L is traded in GBp, while SPX5.L is traded in GBP. To make them comparable, the SPX5.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPEP.L achieves a 9.52% return, which is significantly lower than SPX5.L's 10.01% return.

SPEP.L

• 1D: -0.79%
• 1M: -1.33%
• 6M: 9.14%
• YTD: 9.52%
• 1Y: 22.83%
• 3Y*: 18.67%
• 5Y*: 14.22%
• 10Y*: —

SPX5.L

• 1D: -0.52%
• 1M: -0.34%
• 6M: 9.55%
• YTD: 10.01%
• 1Y: 20.88%
• 3Y*: 18.92%
• 5Y*: 13.52%
• 10Y*: 14.52%

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

SPEP.L vs. SPX5.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%	-8.35%	34.02%	21.63%
SPX5.L SPDR S&P 500 UCITS ETF	10.01%	9.34%	27.46%	19.76%	-9.00%	30.96%	29.01%

Correlation

The correlation between SPEP.L and SPX5.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020	0.98

The correlation between SPEP.L and SPX5.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

SPEP.L vs. SPX5.L - Sectors Allocation Comparison

Sectors	SPEP.L	SPX5.L
Technology	38.0%	39.1%
Communication Services	12.6%	10.8%
Financial Services	12.3%	11.1%
Healthcare	10.6%	8.4%
Industrials	8.2%	7.8%
Consumer Defensive	5.1%	4.5%
Consumer Cyclical	5.0%	9.9%
Energy	2.7%	3.2%
Real Estate	2.2%	1.8%
Basic Materials	2.0%	1.3%
Utilities	1.4%	2.1%

Return for Risk

SPEP.L vs. SPX5.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: 80
SPEP.L Sharpe Ratio Rank: 81
SPEP.L Sortino Ratio Rank: 81
SPEP.L Omega Ratio Rank: 80
SPEP.L Calmar Ratio Rank: 79
SPEP.L Martin Ratio Rank: 81

SPX5.L

SPX5.L Risk / Return Rank: 73
SPX5.L Sharpe Ratio Rank: 75
SPX5.L Sortino Ratio Rank: 72
SPX5.L Omega Ratio Rank: 74
SPX5.L Calmar Ratio Rank: 72
SPX5.L Martin Ratio Rank: 72

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. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.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.

	SPEP.L	SPX5.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.89	+0.17
Sortino ratio: Return per unit of downside risk	2.90	2.61	+0.29
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	3.28	2.94	+0.34
Martin ratio: Return relative to average drawdown	12.43	10.52	+1.91

SPEP.L vs. SPX5.L - Sharpe Ratio Comparison

The current SPEP.L Sharpe Ratio is 2.07, which is comparable to the SPX5.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SPEP.L and SPX5.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.

Drawdowns

SPEP.L vs. SPX5.L - Drawdown Comparison

The maximum SPEP.L drawdown since its inception was -21.07%, smaller than the maximum SPX5.L drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for SPEP.L and SPX5.L.

Drawdown Indicators

	SPEP.L	SPX5.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.07%	-41.23%	+20.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-7.07%	+0.14%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-20.90%	-0.17%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-20.90%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.45%	—
Current Drawdown Current decline from peak	-1.97%	-1.06%	-0.91%
Average Drawdown Average peak-to-trough decline	-4.46%	-7.45%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.98%	-0.15%

Volatility

SPEP.L vs. SPX5.L - Volatility Comparison

Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) and SPDR S&P 500 UCITS ETF (SPX5.L) have volatilities of 2.91% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEP.L	SPX5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.87%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	7.83%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.01%	10.99%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.11%	14.30%	+5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	15.41%	+5.31%

SPEP.L vs. SPX5.L - Expense Ratio Comparison

SPEP.L has a 0.09% expense ratio, which is higher than SPX5.L's 0.03% 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. SPX5.L - Dividend Comparison

SPEP.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPX5.L SPDR S&P 500 UCITS ETF	0.92%	0.98%	1.03%	1.21%	1.39%	0.98%	1.40%	1.48%	0.78%	1.19%	1.49%	1.68%

Frequently Asked Questions

Can I hold both SPEP.L and SPX5.L in my portfolio?

With a correlation of 0.96, SPEP.L and SPX5.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.

Which ETF is better, SPEP.L or SPX5.L?

On fees, SPX5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPEP.L or SPX5.L?

SPX5.L is cheaper with a 0.03% expense ratio, compared with 0.09% for SPEP.L.

What is the main difference between SPEP.L and SPX5.L?

SPEP.L tracks S&P 500 ESG Index, while SPX5.L tracks S&P 500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.09% for SPEP.L and 0.03% for SPX5.L.