SPEX.L vs. ^SPXEW
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and S&P 500 Equal Weighted Index (^SPXEW).
SPEX.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on Apr 6, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEX.L or ^SPXEW.
Key characteristics
| SPEX.L | ^SPXEW | |
|---|---|---|
| YTD Return | 17.66% | 16.19% |
| 1Y Return | 26.36% | 26.92% |
| 3Y Return (Ann) | 7.90% | 4.32% |
| Sharpe Ratio | 0.45 | 2.60 |
| Sortino Ratio | 1.08 | 3.63 |
| Omega Ratio | 1.35 | 1.47 |
| Calmar Ratio | 1.22 | 2.53 |
| Martin Ratio | 1.47 | 14.68 |
| Ulcer Index | 17.22% | 2.08% |
| Daily Std Dev | 56.54% | 11.76% |
| Max Drawdown | -20.84% | -60.83% |
| Current Drawdown | -9.66% | -0.72% |
Correlation
The correlation between SPEX.L and ^SPXEW is 0.68, 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.
Performance
SPEX.L vs. ^SPXEW - Performance Comparison
In the year-to-date period, SPEX.L achieves a 17.66% return, which is significantly higher than ^SPXEW's 16.19% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SPEX.L vs. ^SPXEW - Risk-Adjusted Performance 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.
Drawdowns
SPEX.L vs. ^SPXEW - Drawdown Comparison
The maximum SPEX.L drawdown since its inception was -20.84%, smaller than the maximum ^SPXEW drawdown of -60.83%. Use the drawdown chart below to compare losses from any high point for SPEX.L and ^SPXEW. For additional features, visit the drawdowns tool.
Volatility
SPEX.L vs. ^SPXEW - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 3.11%, while S&P 500 Equal Weighted Index (^SPXEW) has a volatility of 3.44%. 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.