SPEQ.L vs. SPEP.L

Last updated Jul 17, 2026

SPEQ.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds from Invesco - SPEQ.L tracks the S&P 500 Equal Weight Net Total Return while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, SPEQ.L returned 8.95%/yr vs 13.78%/yr for SPEP.L. A 0.76 correlation means they provide meaningful diversification when combined. SPEQ.L charges 0.20%/yr vs 0.09%/yr for SPEP.L.

Performance

SPEQ.L vs. SPEP.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 Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPEQ.L is traded in USD, while SPEP.L is traded in GBp. To make them comparable, the SPEP.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 12.08% return, which is significantly higher than SPEP.L's 9.83% return.

SPEQ.L

• 1D: 0.66%
• 1M: 1.28%
• 6M: 8.14%
• YTD: 12.08%
• 1Y: 20.54%
• 3Y*: 13.71%
• 5Y*: 8.95%
• 10Y*: —

SPEP.L

• 1D: -0.34%
• 1M: -0.72%
• 6M: 8.82%
• YTD: 9.83%
• 1Y: 25.40%
• 3Y*: 19.83%
• 5Y*: 13.78%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
SPEQ.L Invesco S&P 500 Equal Weight UCITS ETF Acc	12.08%	11.52%	12.24%	13.97%	-11.69%	13.21%
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	9.83%	18.23%	24.50%	27.88%	-18.15%	23.40%

Correlation

The correlation between SPEQ.L and SPEP.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021	0.76

The correlation between SPEQ.L and SPEP.L shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	SPEQ.L	SPEP.L
Technology	20.9%	38.0%
Industrials	14.2%	8.2%
Financial Services	13.9%	12.3%
Healthcare	11.1%	10.6%
Consumer Cyclical	10.1%	5.0%
Consumer Defensive	6.4%	5.1%
Real Estate	6.1%	2.2%
Utilities	5.7%	1.4%
Energy	4.0%	2.7%
Basic Materials	3.9%	2.0%
Communication Services	3.9%	12.6%

Return for Risk

SPEQ.L vs. SPEP.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: 75
SPEQ.L Sharpe Ratio Rank: 75
SPEQ.L Sortino Ratio Rank: 81
SPEQ.L Omega Ratio Rank: 73
SPEQ.L Calmar Ratio Rank: 74
SPEQ.L Martin Ratio Rank: 74

SPEP.L

SPEP.L Risk / Return Rank: 86
SPEP.L Sharpe Ratio Rank: 88
SPEP.L Sortino Ratio Rank: 87
SPEP.L Omega Ratio Rank: 86
SPEP.L Calmar Ratio Rank: 83
SPEP.L Martin Ratio Rank: 85

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. SPEP.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 Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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.

	SPEQ.L	SPEP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.21	-0.30
Sortino ratio: Return per unit of downside risk	2.91	3.26	-0.35
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	2.98	2.79	+0.20
Martin ratio: Return relative to average drawdown	10.75	12.12	-1.37

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

The current SPEQ.L Sharpe Ratio is 1.91, which is comparable to the SPEP.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SPEQ.L and SPEP.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

SPEQ.L vs. SPEP.L - Drawdown Comparison

The maximum SPEQ.L drawdown since its inception was -20.86%, smaller than the maximum SPEP.L drawdown of -24.86%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and SPEP.L.

Drawdown Indicators

	SPEQ.L	SPEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-24.86%	+4.00%
Max Drawdown (1Y) Largest decline over 1 year	-6.85%	-9.08%	+2.23%
Max Drawdown (3Y) Largest decline over 3 years	-18.67%	-19.39%	+0.72%
Max Drawdown (5Y) Largest decline over 5 years	-20.86%	-24.86%	+4.00%
Current Drawdown Current decline from peak	-0.03%	-0.74%	+0.71%
Average Drawdown Average peak-to-trough decline	-5.15%	-5.64%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.09%	-0.18%

Volatility

SPEQ.L vs. SPEP.L - Volatility Comparison

Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) have volatilities of 2.78% and 2.69%, 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

	SPEQ.L	SPEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.69%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.81%	8.64%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	11.51%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	21.00%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	22.07%	-5.40%

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

SPEQ.L has a 0.20% expense ratio, which is higher than SPEP.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. SPEP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

SPEQ.L and SPEP.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

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