Correlation
The correlation between SPEX.L and P500.DE is 0.56, 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.
SPEX.L vs. P500.DE
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) and Invesco S&P 500 UCITS ETF (P500.DE).
SPEX.L and P500.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. P500.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500®. It was launched on May 20, 2010. Both SPEX.L and P500.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPEX.L or P500.DE.
Performance
SPEX.L vs. P500.DE - Performance Comparison
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Key characteristics
SPEX.L:
0.20
P500.DE:
0.41
SPEX.L:
0.38
P500.DE:
0.73
SPEX.L:
1.05
P500.DE:
1.11
SPEX.L:
0.13
P500.DE:
0.37
SPEX.L:
0.49
P500.DE:
1.18
SPEX.L:
6.49%
P500.DE:
7.31%
SPEX.L:
15.92%
P500.DE:
18.89%
SPEX.L:
-25.19%
P500.DE:
-33.78%
SPEX.L:
-18.01%
P500.DE:
-11.45%
Returns By Period
In the year-to-date period, SPEX.L achieves a -6.39% return, which is significantly higher than P500.DE's -7.79% return.
SPEX.L
-6.39%
4.35%
-11.12%
3.23%
4.64%
N/A
N/A
P500.DE
-7.79%
7.31%
-8.29%
7.86%
11.83%
15.58%
N/A
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SPEX.L vs. P500.DE - Expense Ratio Comparison
SPEX.L has a 0.20% expense ratio, which is higher than P500.DE's 0.05% 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%.
Risk-Adjusted Performance
SPEX.L vs. P500.DE — Risk-Adjusted Performance Rank
SPEX.L
P500.DE
SPEX.L vs. P500.DE - 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 Invesco S&P 500 UCITS ETF (P500.DE). 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.
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Dividends
SPEX.L vs. P500.DE - Dividend Comparison
Neither SPEX.L nor P500.DE has paid dividends to shareholders.
Drawdowns
SPEX.L vs. P500.DE - Drawdown Comparison
The maximum SPEX.L drawdown since its inception was -25.19%, smaller than the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SPEX.L and P500.DE.
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Volatility
SPEX.L vs. P500.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 5.48%, while Invesco S&P 500 UCITS ETF (P500.DE) has a volatility of 5.92%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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