SPEP.L vs. V3NM.L

Last updated Jun 4, 2026

SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) and V3NM.L (Vanguard ESG North America All Cap UCITS ETF USD Income) are both exchange-traded funds - SPEP.L is a S&P 500 fund tracking the S&P 500 ESG Index, while V3NM.L is a ESG fund tracking the FTSE North America All Cap Choice Index. Both are passively managed. Over the past 3 years, SPEP.L returned 18.82%/yr vs 19.13%/yr for V3NM.L. Their correlation of 0.94 suggests significant overlap in exposure.

Performance

SPEP.L vs. V3NM.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 Vanguard ESG North America All Cap UCITS ETF USD Income (V3NM.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPEP.L is traded in GBp, while V3NM.L is traded in GBP. To make them comparable, the V3NM.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 V3NM.L's 10.16% return.

SPEP.L

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

V3NM.L

• 1D: -0.51%
• 1M: 6.27%
• YTD: 10.16%
• 6M: 10.12%
• 1Y: 28.91%
• 3Y*: 19.13%
• 5Y*: —
• 10Y*: —

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

SPEP.L vs. V3NM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	9.52%	9.94%	26.61%	21.47%	-10.40%
V3NM.L Vanguard ESG North America All Cap UCITS ETF USD Income	10.16%	8.72%	26.63%	23.61%	-13.01%

Correlation

The correlation between SPEP.L and V3NM.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	0.93
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.94

The correlation between SPEP.L and V3NM.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

SPEP.L vs. V3NM.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

V3NM.L

V3NM.L Risk / Return Rank: 68
V3NM.L Sharpe Ratio Rank: 75
V3NM.L Sortino Ratio Rank: 73
V3NM.L Omega Ratio Rank: 77
V3NM.L Calmar Ratio Rank: 58
V3NM.L Martin Ratio Rank: 58

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. V3NM.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 Vanguard ESG North America All Cap UCITS ETF USD Income (V3NM.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	V3NM.L	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.41	-1.69
Sortino ratio: Return per unit of downside risk	1.44	3.25	-1.81
Omega ratio: Gain probability vs. loss probability	1.48	1.45	+0.03
Calmar ratio: Return relative to maximum drawdown	1.13	2.83	-1.70
Martin ratio: Return relative to average drawdown	1.75	10.09	-8.33
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. V3NM.L - Sharpe Ratio Comparison

The current SPEP.L Sharpe Ratio is 0.72, which is lower than the V3NM.L Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of SPEP.L and V3NM.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	V3NM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.41	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.93	-0.33

Drawdowns

SPEP.L vs. V3NM.L - Drawdown Comparison

The maximum SPEP.L drawdown since its inception was -27.82%, which is greater than V3NM.L's maximum drawdown of -22.46%. Use the drawdown chart below to compare losses from any high point for SPEP.L and V3NM.L.

Drawdown Indicators

	SPEP.L	V3NM.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-22.46%	-5.36%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-10.20%	-17.62%
Max Drawdown (3Y) Largest decline over 3 years	-27.82%	-22.46%	-5.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.82%	—	—
Current Drawdown Current decline from peak	-16.33%	-0.51%	-15.82%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.20%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.90%	2.87%	+15.03%

Volatility

SPEP.L vs. V3NM.L - Volatility Comparison

The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) is 2.81%, while Vanguard ESG North America All Cap UCITS ETF USD Income (V3NM.L) has a volatility of 3.06%. This indicates that SPEP.L experiences smaller price fluctuations and is considered to be less risky than V3NM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPEP.L	V3NM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	3.06%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	7.07%	8.47%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	43.33%	12.05%	+31.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.49%	14.87%	+16.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.10%	14.87%	+15.23%

Dividends

SPEP.L vs. V3NM.L - Dividend Comparison

SPEP.L has not paid dividends to shareholders, while V3NM.L's dividend yield for the trailing twelve months is around 0.73%.

Position	TTM	2025	2024	2023	2022
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%
V3NM.L Vanguard ESG North America All Cap UCITS ETF USD Income	0.73%	0.80%	0.85%	1.06%	0.41%

Frequently Asked Questions

Can I hold both SPEP.L and V3NM.L in my portfolio?

With a correlation of 0.91, SPEP.L and V3NM.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.

What is the main difference between SPEP.L and V3NM.L?

SPEP.L is categorized as S&P 500, while V3NM.L is ESG. SPEP.L tracks S&P 500 ESG Index, while V3NM.L tracks FTSE North America All Cap Choice Index. They also come from different issuers: Invesco and Vanguard.