PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPEQ.L vs. LSPX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPEQ.L vs. LSPX.L

Last updated Jun 5, 2026

SPEQ.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and LSPX.L (Lyxor S&P 500 UCITS ETF - D-USD) are both S&P 500 funds - SPEQ.L tracks the S&P 500 Equal Weight Net Total Return while LSPX.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEQ.L returned 8.26%/yr vs 13.92%/yr for LSPX.L. A 0.68 correlation means they provide meaningful diversification when combined. SPEQ.L charges 0.20%/yr vs 0.09%/yr for LSPX.L.

Performance

SPEQ.L vs. LSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

SPEQ.L is traded in USD, while LSPX.L is traded in GBp. To make them comparable, the LSPX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPEQ.L achieves a 9.40% return, which is significantly lower than LSPX.L's 10.34% return.

SPEQ.L

1D
0.36%
1M
3.76%
YTD
9.40%
6M
10.68%
1Y
19.84%
3Y*
15.22%
5Y*
8.26%
10Y*
—

LSPX.L

1D
0.02%
1M
4.63%
YTD
10.34%
6M
11.35%
1Y
28.11%
3Y*
22.29%
5Y*
13.92%
10Y*
15.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEQ.L vs. LSPX.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPEQ.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		9.40%11.52%12.23%13.79%-11.53%24.80%
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		10.34%17.74%25.51%27.61%-19.59%17.18%

Correlation

The correlation between SPEQ.L and LSPX.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

0.68

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2021

0.68

The correlation between SPEQ.L and LSPX.L has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

SPEQ.L vs. LSPX.L - Sectors Allocation Comparison

Sectors
SPEQ.L
LSPX.L

Technology

18.3%
35.6%

Industrials

14.7%
8.3%

Financial Services

14.4%
11.8%

Healthcare

10.9%
8.5%

Consumer Cyclical

10.3%
10.1%

Consumer Defensive

6.5%
4.9%

Real Estate

6.2%
1.9%

Utilities

6.1%
2.4%

Energy

4.6%
3.5%

Basic Materials

4.1%
1.8%

Communication Services

4.0%
11.2%

Technology

SPEQ.L
18.3%
LSPX.L
35.6%

Industrials

SPEQ.L
14.7%
LSPX.L
8.3%

Financial Services

SPEQ.L
14.4%
LSPX.L
11.8%

Healthcare

SPEQ.L
10.9%
LSPX.L
8.5%

Consumer Cyclical

SPEQ.L
10.3%
LSPX.L
10.1%

Consumer Defensive

SPEQ.L
6.5%
LSPX.L
4.9%

Real Estate

SPEQ.L
6.2%
LSPX.L
1.9%

Utilities

SPEQ.L
6.1%
LSPX.L
2.4%

Energy

SPEQ.L
4.6%
LSPX.L
3.5%

Basic Materials

SPEQ.L
4.1%
LSPX.L
1.8%

Communication Services

SPEQ.L
4.0%
LSPX.L
11.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Equal Weight UCITS ETF Acc

Lyxor S&P 500 UCITS ETF - D-USD

Often compared with SPEQ.L:
SPEQ.L vs. ESIN.LSPEQ.L vs. EWSP.LSPEQ.L vs. PSRF.LSPEQ.L vs. XLESPEQ.L vs. PICKSPEQ.L vs. MLPS.LSPEQ.L vs. GLD
Often compared with LSPX.L:
LSPX.L vs. VUAG.LLSPX.L vs. CSP1.LLSPX.L vs. XSTC.LLSPX.L vs. SPYLSPX.L vs. SPXP.LLSPX.L vs. VOOLSPX.L vs. VERG.L

Return for Risk

SPEQ.L vs. LSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPEQ.L
SPEQ.L Risk / Return Rank: 5858
Overall Rank
SPEQ.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
SPEQ.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPEQ.L Omega Ratio Rank: 5454
Omega Ratio Rank
SPEQ.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPEQ.L Martin Ratio Rank: 5959
Martin Ratio Rank
LSPX.L
LSPX.L Risk / Return Rank: 8383
Overall Rank
LSPX.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
LSPX.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
LSPX.L Omega Ratio Rank: 8686
Omega Ratio Rank
LSPX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
LSPX.L Martin Ratio Rank: 7777
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.

SPEQ.L vs. LSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and Lyxor S&P 500 UCITS ETF - D-USD (LSPX.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.

SPEQ.LLSPX.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.54

-0.70

Sortino ratioReturn per unit of downside risk
2.79
3.67

-0.88

Omega ratioGain probability vs. loss probability

1.33

1.46

-0.13

Calmar ratioReturn relative to maximum drawdown

2.89

3.17

-0.28

Martin ratioReturn relative to average drawdown

10.33

13.79

-3.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPEQ.L vs. LSPX.L - Sharpe Ratio Comparison

The current SPEQ.L Sharpe Ratio is 1.84, which is comparable to the LSPX.L Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SPEQ.L and LSPX.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.

Loading charts...

Sharpe Ratios by Period

SPEQ.LLSPX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

2.54

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.92

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.06

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

1.19

-0.47

Drawdowns

SPEQ.L vs. LSPX.L - Drawdown Comparison

The maximum SPEQ.L drawdown since its inception was -20.84%, smaller than the maximum LSPX.L drawdown of -33.48%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and LSPX.L.

Loading charts...

Drawdown Indicators

SPEQ.LLSPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.84%

-33.48%

+12.64%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

-8.86%

+2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-18.67%

-19.20%

+0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-20.84%

-24.09%

+3.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.48%

—

Current Drawdown

Current decline from peak

0.00%

-0.55%

+0.55%

Average Drawdown

Average peak-to-trough decline

-5.05%

-4.07%

-0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

2.04%

-0.12%

Volatility

SPEQ.L vs. LSPX.L - Volatility Comparison

Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) has a higher volatility of 2.65% compared to Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) at 2.51%. This indicates that SPEQ.L's price experiences larger fluctuations and is considered to be riskier than LSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPEQ.LLSPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

2.51%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

7.48%

7.96%

-0.48%

Volatility (1Y)

Calculated over the trailing 1-year period

10.77%

11.07%

-0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.87%

15.89%

+0.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.77%

17.24%

+0.53%

SPEQ.L vs. LSPX.L - Expense Ratio Comparison

SPEQ.L has a 0.20% expense ratio, which is higher than LSPX.L's 0.09% 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

SPEQ.L vs. LSPX.L - Dividend Comparison

SPEQ.L has not paid dividends to shareholders, while LSPX.L's dividend yield for the trailing twelve months is around 0.91%.

PositionTTM20252024202320222021202020192018201720162015
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		0.91%1.00%1.27%1.02%2.06%1.10%1.53%1.70%1.97%1.72%1.87%1.96%
SPEQ.L
Invesco S&P 500 Equal Weight UCITS 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

SPEQ.L and LSPX.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.

On fees, LSPX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LSPX.L is cheaper with a 0.09% expense ratio, compared with 0.20% for SPEQ.L.

SPEQ.L tracks S&P 500 Equal Weight Net Total Return, while LSPX.L tracks S&P 500 Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SPEQ.L and 0.09% for LSPX.L.

Portfolio Optimizer

Find the right allocation for SPEQ.L and LSPX.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer