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SPEQ.L vs. SPY5.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPEQ.L vs. SPY5.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and State Street SPDR S&P 500 UCITS ETF (SPY5.L).

SPEQ.L and SPY5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPEQ.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Net Total Return. It was launched on Apr 6, 2021. SPY5.L is a passively managed fund by State Street that tracks the performance of the S&P 500. It was launched on Aug 1, 2025. Both SPEQ.L and SPY5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPEQ.L vs. SPY5.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 State Street SPDR S&P 500 UCITS ETF (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

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SPEQ.L vs. SPY5.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPEQ.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		0.46%11.52%12.23%13.79%-11.53%24.80%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		-4.05%17.43%25.36%26.64%-18.68%16.33%

Returns By Period

In the year-to-date period, SPEQ.L achieves a 0.46% return, which is significantly higher than SPY5.L's -4.05% return.

SPEQ.L

1D
1.86%
1M
-4.65%
YTD
0.46%
6M
2.47%
1Y
13.11%
3Y*
11.89%
5Y*
—
10Y*
—

SPY5.L

1D
2.49%
1M
-3.60%
YTD
-4.05%
6M
-0.91%
1Y
18.37%
3Y*
18.68%
5Y*
11.80%
10Y*
14.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Invesco S&P 500 Equal Weight UCITS ETF Acc

State Street SPDR S&P 500 UCITS ETF

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 SPY5.L:
SPY5.L vs. SPYSPY5.L vs. CSPX.LSPY5.L vs. VUSA.DESPY5.L vs. VOOSPY5.L vs. CSP1.LSPY5.L vs. VUAA.LSPY5.L vs. SWRD.L

SPEQ.L vs. SPY5.L - Expense Ratio Comparison

SPEQ.L has a 0.20% expense ratio, which is higher than SPY5.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%.

SPEQ.L
Invesco S&P 500 Equal Weight UCITS ETF Acc
SPY5.L
State Street SPDR S&P 500 UCITS ETF

Return for Risk

SPEQ.L vs. SPY5.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: 4545
Overall Rank
SPEQ.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SPEQ.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
SPEQ.L Omega Ratio Rank: 4444
Omega Ratio Rank
SPEQ.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
SPEQ.L Martin Ratio Rank: 5353
Martin Ratio Rank
SPY5.L
SPY5.L Risk / Return Rank: 6969
Overall Rank
SPY5.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPY5.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
SPY5.L Omega Ratio Rank: 6464
Omega Ratio Rank
SPY5.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPY5.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. SPY5.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 State Street SPDR S&P 500 UCITS ETF (SPY5.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.LSPY5.LDifference

Sharpe ratio

Return per unit of total volatility

0.86

1.16

-0.30

Sortino ratio

Return per unit of downside risk

1.26

1.68

-0.42

Omega ratio

Gain probability vs. loss probability

1.18

1.24

-0.06

Calmar ratio

Return relative to maximum drawdown

1.30

2.10

-0.80

Martin ratio

Return relative to average drawdown

5.73

8.65

-2.92

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. SPY5.L - Sharpe Ratio Comparison

The current SPEQ.L Sharpe Ratio is 0.86, which is comparable to the SPY5.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of SPEQ.L and SPY5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPEQ.LSPY5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

1.16

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.74

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.88

-0.27

Correlation

The correlation between SPEQ.L and SPY5.L is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPEQ.L vs. SPY5.L - Dividend Comparison

SPEQ.L has not paid dividends to shareholders, while SPY5.L's dividend yield for the trailing twelve months is around 1.02%.

TTM20252024202320222021202020192018201720162015
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%
SPY5.L
State Street SPDR S&P 500 UCITS ETF		1.02%0.97%1.06%1.19%1.40%0.99%1.28%1.71%2.20%2.29%1.64%1.73%

Drawdowns

SPEQ.L vs. SPY5.L - Drawdown Comparison

The maximum SPEQ.L drawdown since its inception was -20.84%, smaller than the maximum SPY5.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and SPY5.L.

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Drawdown Indicators

SPEQ.LSPY5.LDifference

Max Drawdown

Largest peak-to-trough decline

-20.84%

-33.89%

+13.05%

Max Drawdown (1Y)

Largest decline over 1 year

-13.03%

-11.75%

-1.28%

Max Drawdown (5Y)

Largest decline over 5 years

—

-24.37%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.89%

—

Current Drawdown

Current decline from peak

-5.00%

-5.37%

+0.37%

Average Drawdown

Average peak-to-trough decline

-5.20%

-3.74%

-1.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

2.05%

+0.10%

Volatility

SPEQ.L vs. SPY5.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) is 4.12%, while State Street SPDR S&P 500 UCITS ETF (SPY5.L) has a volatility of 4.81%. This indicates that SPEQ.L experiences smaller price fluctuations and is considered to be less risky than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPEQ.LSPY5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.12%

4.81%

-0.69%

Volatility (6M)

Calculated over the trailing 6-month period

7.52%

8.60%

-1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

15.27%

15.82%

-0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.98%

15.89%

+2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.98%

16.19%

+1.79%