SPEP.L vs. SPXE.L
SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds from Invesco - SPEP.L tracks the S&P 500 ESG Index while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, SPEP.L returned 14.01%/yr vs 13.98%/yr for SPXE.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.
Performance
SPEP.L vs. SPXE.L - Performance Comparison
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Different Trading Currencies
SPEP.L is traded in GBp, while SPXE.L is traded in USD. To make them comparable, the SPXE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SPEP.L having a 8.50% return and SPXE.L slightly higher at 8.63%.
SPEP.L
- 1D
- -1.05%
- 1M
- -1.79%
- 6M
- 7.14%
- YTD
- 8.50%
- 1Y
- 21.71%
- 3Y*
- 18.02%
- 5Y*
- 14.01%
- 10Y*
- —
SPXE.L
- 1D
- -1.07%
- 1M
- -2.67%
- 6M
- 7.06%
- YTD
- 8.63%
- 1Y
- 21.84%
- 3Y*
- 17.92%
- 5Y*
- 13.98%
- 10Y*
- —
SPEP.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc | 8.50% | 9.94% | 26.61% | 21.47% | -8.35% | 34.02% | 21.63% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.63% | 9.57% | 26.72% | 21.98% | -8.25% | 33.54% | 21.11% |
Correlation
The correlation between SPEP.L and SPXE.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.92 |
The correlation between SPEP.L and SPXE.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
SPEP.L vs. SPXE.L — Risk / Return Rank
SPEP.L
SPXE.L
SPEP.L vs. SPXE.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 Scored & Screened UCITS ETF USD (Acc) (SPXE.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 | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 3.21 | -0.09 |
| Martin ratioReturn relative to average drawdown | 11.74 | 11.49 | +0.25 |
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Drawdowns
SPEP.L vs. SPXE.L - Drawdown Comparison
The maximum SPEP.L drawdown since its inception was -21.07%, roughly equal to the maximum SPXE.L drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for SPEP.L and SPXE.L.
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Drawdown Indicators
| SPEP.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.07% | -21.81% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -6.78% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -21.81% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -21.81% | +0.74% |
Current DrawdownCurrent decline from peak | -2.89% | -2.89% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.35% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.90% | -0.06% |
Volatility
SPEP.L vs. SPXE.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) is 2.87%, while Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) has a volatility of 3.26%. This indicates that SPEP.L experiences smaller price fluctuations and is considered to be less risky than SPXE.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.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.26% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 9.35% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 12.18% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 15.66% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 18.23% | +2.48% |
SPEP.L vs. SPXE.L - Expense Ratio Comparison
Both SPEP.L and SPXE.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPEP.L vs. SPXE.L - Dividend Comparison
Neither SPEP.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPEP.L and SPXE.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.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPEP.L and SPXE.L have the same expense ratio: 0.09% per year.
SPEP.L tracks S&P 500 ESG Index, while SPXE.L tracks S&P 500 Scored & Screened Index.
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