SPES.L vs. 5ESG.L

Last updated Jul 16, 2026

SPES.L (Invesco S&P 500 Equal Weight UCITS ETF Dist) and 5ESG.L (UBS S&P 500 Scored & Screened UCITS ETF GBP Dist) are both S&P 500 funds - SPES.L tracks the S&P 500 Equal Weight Index while 5ESG.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, SPES.L returned 9.28%/yr vs 12.36%/yr for 5ESG.L. A 0.66 correlation means they provide meaningful diversification when combined. SPES.L charges 0.20%/yr vs 0.17%/yr for 5ESG.L.

Performance

SPES.L vs. 5ESG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Dist (SPES.L) and UBS S&P 500 Scored & Screened UCITS ETF GBP Dist (5ESG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPES.L achieves a 11.06% return, which is significantly higher than 5ESG.L's 9.11% return.

SPES.L

• 1D: -0.72%
• 1M: 0.03%
• 6M: 8.04%
• YTD: 11.06%
• 1Y: 17.33%
• 3Y*: 12.50%
• 5Y*: 9.28%
• 10Y*: —

5ESG.L

• 1D: -0.06%
• 1M: -0.96%
• 6M: 8.84%
• YTD: 9.11%
• 1Y: 22.99%
• 3Y*: 19.03%
• 5Y*: 12.36%
• 10Y*: —

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

SPES.L vs. 5ESG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPES.L Invesco S&P 500 Equal Weight UCITS ETF Dist	11.06%	3.95%	13.66%	8.18%	-1.34%	-15.96%
5ESG.L UBS S&P 500 Scored & Screened UCITS ETF GBP Dist	9.11%	18.26%	23.62%	26.17%	-20.24%	22.41%

Correlation

The correlation between SPES.L and 5ESG.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021	0.66

The correlation between SPES.L and 5ESG.L shifts across timeframes, from 0.53 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

SPES.L vs. 5ESG.L - Sectors Allocation Comparison

Sectors	SPES.L	5ESG.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

SPES.L vs. 5ESG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPES.L

SPES.L Risk / Return Rank: 69
SPES.L Sharpe Ratio Rank: 69
SPES.L Sortino Ratio Rank: 67
SPES.L Omega Ratio Rank: 66
SPES.L Calmar Ratio Rank: 73
SPES.L Martin Ratio Rank: 67

5ESG.L

5ESG.L Risk / Return Rank: 73
5ESG.L Sharpe Ratio Rank: 74
5ESG.L Sortino Ratio Rank: 81
5ESG.L Omega Ratio Rank: 75
5ESG.L Calmar Ratio Rank: 63
5ESG.L Martin Ratio Rank: 73

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.

SPES.L vs. 5ESG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPES.L) and UBS S&P 500 Scored & Screened UCITS ETF GBP Dist (5ESG.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.

	SPES.L	5ESG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.92	-0.12
Sortino ratio: Return per unit of downside risk	2.49	2.91	-0.42
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	3.01	2.54	+0.47
Martin ratio: Return relative to average drawdown	9.78	10.84	-1.06

SPES.L vs. 5ESG.L - Sharpe Ratio Comparison

The current SPES.L Sharpe Ratio is 1.79, which is comparable to the 5ESG.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SPES.L and 5ESG.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

SPES.L vs. 5ESG.L - Drawdown Comparison

The maximum SPES.L drawdown since its inception was -34.38%, roughly equal to the maximum 5ESG.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for SPES.L and 5ESG.L.

Drawdown Indicators

	SPES.L	5ESG.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-36.07%	+1.69%
Max Drawdown (1Y) Largest decline over 1 year	-5.74%	-9.01%	+3.27%
Max Drawdown (3Y) Largest decline over 3 years	-19.65%	-19.53%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-19.65%	-25.41%	+5.76%
Current Drawdown Current decline from peak	-1.99%	-0.96%	-1.03%
Average Drawdown Average peak-to-trough decline	-11.93%	-5.34%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	2.12%	-0.35%

Volatility

SPES.L vs. 5ESG.L - Volatility Comparison

Invesco S&P 500 Equal Weight UCITS ETF Dist (SPES.L) and UBS S&P 500 Scored & Screened UCITS ETF GBP Dist (5ESG.L) have volatilities of 2.73% and 2.77%, 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

	SPES.L	5ESG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.77%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	6.72%	9.38%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	9.62%	11.94%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	16.24%	-2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	18.00%	+2.85%

SPES.L vs. 5ESG.L - Expense Ratio Comparison

SPES.L has a 0.20% expense ratio, which is higher than 5ESG.L's 0.17% 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

SPES.L vs. 5ESG.L - Dividend Comparison

SPES.L's dividend yield for the trailing twelve months is around 1.29%, more than 5ESG.L's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
5ESG.L UBS S&P 500 Scored & Screened UCITS ETF GBP Dist	0.62%	0.87%	0.47%	1.07%	1.32%	0.89%	1.25%	0.39%
SPES.L Invesco S&P 500 Equal Weight UCITS ETF Dist	1.29%	1.37%	1.36%	1.48%	1.49%	0.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPES.L and 5ESG.L in my portfolio?

SPES.L and 5ESG.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPES.L or 5ESG.L?

On fees, 5ESG.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPES.L or 5ESG.L?

5ESG.L is cheaper with a 0.17% expense ratio, compared with 0.20% for SPES.L.

What is the main difference between SPES.L and 5ESG.L?

SPES.L tracks S&P 500 Equal Weight Index, while 5ESG.L tracks S&P 500 ESG Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.20% for SPES.L and 0.17% for 5ESG.L.