SPEQ.L vs. USLV.L
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) and SPDR S&P 500 Low Volatility UCITS ETF (USLV.L).
SPEQ.L and USLV.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. USLV.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Low Volatility Index. It was launched on Oct 3, 2012. Both SPEQ.L and USLV.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. USLV.L - Performance Comparison
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SPEQ.L vs. USLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPEQ.L Invesco S&P 500 Equal Weight UCITS ETF Acc | 0.46% | 11.52% | 12.23% | 13.79% | -11.53% | 24.80% |
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 2.25% | 4.68% | 13.57% | -1.09% | -4.51% | 16.36% |
Different Trading Currencies
SPEQ.L is traded in USD, while USLV.L is traded in GBP. To make them comparable, the USLV.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 0.46% return, which is significantly lower than USLV.L's 2.25% return.
SPEQ.L
- 1D
- 1.86%
- 1M
- -4.65%
- YTD
- 0.46%
- 6M
- 2.47%
- 1Y
- 13.11%
- 3Y*
- 11.89%
- 5Y*
- —
- 10Y*
- —
USLV.L
- 1D
- 0.60%
- 1M
- -5.47%
- YTD
- 2.25%
- 6M
- 1.02%
- 1Y
- -0.22%
- 3Y*
- 7.58%
- 5Y*
- 6.43%
- 10Y*
- 7.87%
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SPEQ.L vs. USLV.L - Expense Ratio Comparison
SPEQ.L has a 0.20% expense ratio, which is lower than USLV.L's 0.35% expense ratio.
Return for Risk
SPEQ.L vs. USLV.L — Risk / Return Rank
SPEQ.L
USLV.L
SPEQ.L vs. USLV.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 SPDR S&P 500 Low Volatility UCITS ETF (USLV.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.L | USLV.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | -0.02 | +0.87 |
Sortino ratioReturn per unit of downside risk | 1.26 | 0.06 | +1.20 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.07 | +1.37 |
Martin ratioReturn relative to average drawdown | 5.73 | -0.23 | +5.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPEQ.L | USLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | -0.02 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.71 | -0.10 |
Correlation
The correlation between SPEQ.L and USLV.L is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPEQ.L vs. USLV.L - Dividend Comparison
Neither SPEQ.L nor USLV.L has paid dividends to shareholders.
Drawdowns
SPEQ.L vs. USLV.L - Drawdown Comparison
The maximum SPEQ.L drawdown since its inception was -20.84%, smaller than the maximum USLV.L drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for SPEQ.L and USLV.L.
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Drawdown Indicators
| SPEQ.L | USLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.84% | -27.37% | +6.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -8.66% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.37% | — |
Current DrawdownCurrent decline from peak | -5.00% | -5.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -5.15% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.10% | -1.95% |
Volatility
SPEQ.L vs. USLV.L - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEQ.L) has a higher volatility of 4.12% compared to SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) at 3.17%. This indicates that SPEQ.L's price experiences larger fluctuations and is considered to be riskier than USLV.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.L | USLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 3.17% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.52% | 6.86% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 12.91% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.98% | 12.31% | +5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 13.70% | +4.28% |