SPEX.L vs. ^SPXEW
SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) is S&P 500 fund tracking the S&P 500 Equal Weight Index, while ^SPXEW (S&P 500 Equal Weighted Index) is an index. Over the past 5 years, SPEX.L returned 9.41%/yr vs 7.81%/yr for ^SPXEW. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
SPEX.L vs. ^SPXEW - Performance Comparison
Loading charts...
Different Trading Currencies
SPEX.L is traded in GBp, while ^SPXEW is traded in USD. To make them comparable, the ^SPXEW values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPEX.L achieves a 9.62% return, which is significantly lower than ^SPXEW's 10.21% return.
SPEX.L
- 1D
- 0.47%
- 1M
- 4.77%
- YTD
- 9.62%
- 6M
- 10.01%
- 1Y
- 21.02%
- 3Y*
- 12.25%
- 5Y*
- 9.41%
- 10Y*
- —
^SPXEW
- 1D
- 0.79%
- 1M
- 4.50%
- YTD
- 10.21%
- 6M
- 9.26%
- 1Y
- 19.80%
- 3Y*
- 10.80%
- 5Y*
- 7.81%
- 10Y*
- 10.77%
SPEX.L vs. ^SPXEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPEX.L Invesco S&P 500 Equal Weight UCITS ETF Acc | 9.62% | 3.90% | 14.09% | 7.64% | -1.17% | 28.05% |
^SPXEW S&P 500 Equal Weighted Index | 10.21% | 1.55% | 12.84% | 5.98% | -2.78% | 14.32% |
Correlation
The correlation between SPEX.L and ^SPXEW is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.59 |
The correlation between SPEX.L and ^SPXEW has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPEX.L vs. ^SPXEW — Risk / Return Rank
SPEX.L
^SPXEW
SPEX.L vs. ^SPXEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and S&P 500 Equal Weighted Index (^SPXEW). 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.
| SPEX.L | ^SPXEW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.99 | +0.66 |
| Martin ratioReturn relative to average drawdown | 11.85 | 10.06 | +1.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPEX.L | ^SPXEW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.78 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.52 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.49 | +0.31 |
Drawdowns
SPEX.L vs. ^SPXEW - Drawdown Comparison
The maximum SPEX.L drawdown since its inception was -19.65%, smaller than the maximum ^SPXEW drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for SPEX.L and ^SPXEW.
Loading charts...
Drawdown Indicators
| SPEX.L | ^SPXEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -43.13% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -6.65% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -19.94% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -19.94% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.04% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -6.19% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.97% | -0.20% |
Volatility
SPEX.L vs. ^SPXEW - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 1.97%, while S&P 500 Equal Weighted Index (^SPXEW) has a volatility of 2.17%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPEX.L | ^SPXEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.97% | 2.17% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.62% | 8.12% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 11.18% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 15.06% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 18.22% | -3.62% |
Frequently Asked Questions
SPEX.L and ^SPXEW have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SPEX.L and ^SPXEW
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