SPEX.L vs. IESU.L
SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - SPEX.L is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 5 years, SPEX.L returned 9.43%/yr vs 22.56%/yr for IESU.L. At a 0.41 correlation, their price movements are largely independent. SPEX.L charges 0.20%/yr vs 0.15%/yr for IESU.L.
Performance
SPEX.L vs. IESU.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPEX.L achieves a 11.86% return, which is significantly lower than IESU.L's 27.25% return.
SPEX.L
- 1D
- 0.68%
- 1M
- 0.76%
- 6M
- 7.46%
- YTD
- 11.86%
- 1Y
- 19.94%
- 3Y*
- 12.56%
- 5Y*
- 9.43%
- 10Y*
- —
IESU.L
- 1D
- 2.33%
- 1M
- 3.67%
- 6M
- 18.53%
- YTD
- 27.25%
- 1Y
- 35.48%
- 3Y*
- 13.78%
- 5Y*
- 22.56%
- 10Y*
- 8.52%
SPEX.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPEX.L Invesco S&P 500 Equal Weight UCITS ETF Acc | 11.86% | 3.90% | 14.09% | 7.64% | -1.17% | 8,302.22% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 27.25% | 2.26% | 5.45% | -5.96% | 83.53% | 19.72% |
Correlation
The correlation between SPEX.L and IESU.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.41 |
Over the past year, the correlation between SPEX.L and IESU.L has dropped to 0.11 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SPEX.L vs. IESU.L — Risk / Return Rank
SPEX.L
IESU.L
SPEX.L vs. IESU.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 (SPEX.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
| SPEX.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.04 | +1.43 |
| Martin ratioReturn relative to average drawdown | 11.20 | 4.96 | +6.25 |
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Drawdowns
SPEX.L vs. IESU.L - Drawdown Comparison
The maximum SPEX.L drawdown since its inception was -20.03%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for SPEX.L and IESU.L.
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Drawdown Indicators
| SPEX.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.03% | -63.88% | +43.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.73% | -17.34% | +11.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -26.36% | +6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.03% | -26.36% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.16% | — |
Current DrawdownCurrent decline from peak | -1.29% | -11.59% | +10.30% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -20.51% | +15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 7.13% | -5.35% |
Volatility
SPEX.L vs. IESU.L - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 2.92%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 7.73%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPEX.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 7.73% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 21.73% | -14.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.71% | 24.62% | -14.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 29.09% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,820.40% | 29.16% | +2,791.24% |
SPEX.L vs. IESU.L - Expense Ratio Comparison
SPEX.L has a 0.20% expense ratio, which is higher than IESU.L's 0.15% 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
SPEX.L vs. IESU.L - Dividend Comparison
Neither SPEX.L nor IESU.L has paid dividends to shareholders.
Frequently Asked Questions
SPEX.L and IESU.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPEX.L.
SPEX.L is categorized as S&P 500, while IESU.L is Energy Equities. SPEX.L tracks S&P 500 Equal Weight Index, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SPEX.L and 0.15% for IESU.L.
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