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SPEX.L vs. SPXD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPEX.L vs. SPXD.L

Last updated Jun 4, 2026

SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SPXD.L (Invesco S&P 500 UCITS ETF Dist) are both S&P 500 funds from Invesco - SPEX.L tracks the S&P 500 Equal Weight Index while SPXD.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEX.L returned 9.30%/yr vs 15.15%/yr for SPXD.L. A 0.78 correlation means they provide meaningful diversification when combined. SPEX.L charges 0.20%/yr vs 0.05%/yr for SPXD.L.

Performance

SPEX.L vs. SPXD.L - Performance Comparison

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

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Different Trading Currencies

SPEX.L is traded in GBp, while SPXD.L is traded in USD. To make them comparable, the SPXD.L 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 9.11% return, which is significantly lower than SPXD.L's 10.87% return.

SPEX.L

1D
0.25%
1M
4.42%
YTD
9.11%
6M
9.60%
1Y
20.68%
3Y*
12.26%
5Y*
9.30%
10Y*
—

SPXD.L

1D
-0.22%
1M
5.95%
YTD
10.87%
6M
10.86%
1Y
29.35%
3Y*
19.49%
5Y*
15.15%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEX.L vs. SPXD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SPEX.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		9.11%3.90%14.09%7.64%-1.17%28.05%
SPXD.L
Invesco S&P 500 UCITS ETF Dist		10.87%9.16%27.77%20.57%-8.81%19.55%

Correlation

The correlation between SPEX.L and SPXD.L is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2021

0.78

The correlation between SPEX.L and SPXD.L shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

SPEX.L vs. SPXD.L - Sectors Allocation Comparison

Sectors
SPEX.L
SPXD.L

Technology

20.1%
35.6%

Financial Services

14.2%
11.8%

Industrials

14.1%
8.3%

Healthcare

11.2%
8.5%

Consumer Cyclical

9.9%
10.1%

Consumer Defensive

6.5%
4.9%

Real Estate

6.2%
1.9%

Utilities

5.8%
2.4%

Energy

4.2%
3.5%

Basic Materials

3.9%
1.8%

Communication Services

3.9%
11.2%

Technology

SPEX.L
20.1%
SPXD.L
35.6%

Financial Services

SPEX.L
14.2%
SPXD.L
11.8%

Industrials

SPEX.L
14.1%
SPXD.L
8.3%

Healthcare

SPEX.L
11.2%
SPXD.L
8.5%

Consumer Cyclical

SPEX.L
9.9%
SPXD.L
10.1%

Consumer Defensive

SPEX.L
6.5%
SPXD.L
4.9%

Real Estate

SPEX.L
6.2%
SPXD.L
1.9%

Utilities

SPEX.L
5.8%
SPXD.L
2.4%

Energy

SPEX.L
4.2%
SPXD.L
3.5%

Basic Materials

SPEX.L
3.9%
SPXD.L
1.8%

Communication Services

SPEX.L
3.9%
SPXD.L
11.2%

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Invesco S&P 500 Equal Weight UCITS ETF Acc

Invesco S&P 500 UCITS ETF Dist

Often compared with SPEX.L:
SPEX.L vs. RSPSPEX.L vs. ^SPXEWSPEX.L vs. WELE.DESPEX.L vs. SPYSPEX.L vs. EWSP.LSPEX.L vs. BTC-USDSPEX.L vs. VOO
Often compared with SPXD.L:
SPXD.L vs. CSPX.LSPXD.L vs. SPXP.LSPXD.L vs. FBCVXSPXD.L vs. SPYSPXD.L vs. VOOSPXD.L vs. D5BM.DESPXD.L vs. SPPY.DE

Return for Risk

SPEX.L vs. SPXD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPEX.L
SPEX.L Risk / Return Rank: 6666
Overall Rank
SPEX.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPEX.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
SPEX.L Omega Ratio Rank: 6464
Omega Ratio Rank
SPEX.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
SPEX.L Martin Ratio Rank: 6565
Martin Ratio Rank
SPXD.L
SPXD.L Risk / Return Rank: 7474
Overall Rank
SPXD.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPXD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SPXD.L Omega Ratio Rank: 7474
Omega Ratio Rank
SPXD.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
SPXD.L Martin Ratio Rank: 7777
Martin Ratio Rank
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.

SPEX.L vs. SPXD.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 Invesco S&P 500 UCITS ETF Dist (SPXD.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.

SPEX.LSPXD.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.47

-0.33

Sortino ratioReturn per unit of downside risk
2.96
3.33

-0.36

Omega ratioGain probability vs. loss probability

1.38

1.45

-0.07

Calmar ratioReturn relative to maximum drawdown

3.59

4.04

-0.45

Martin ratioReturn relative to average drawdown

11.66

13.79

-2.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPEX.L vs. SPXD.L - Sharpe Ratio Comparison

The current SPEX.L Sharpe Ratio is 2.14, which is comparable to the SPXD.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SPEX.L and SPXD.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.

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Sharpe Ratios by Period

SPEX.LSPXD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

2.47

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.99

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.92

-0.12

Drawdowns

SPEX.L vs. SPXD.L - Drawdown Comparison

The maximum SPEX.L drawdown since its inception was -19.65%, smaller than the maximum SPXD.L drawdown of -26.07%. Use the drawdown chart below to compare losses from any high point for SPEX.L and SPXD.L.

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Drawdown Indicators

SPEX.LSPXD.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-26.07%

+6.42%

Max Drawdown (1Y)

Largest decline over 1 year

-5.73%

-7.17%

+1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-20.92%

+1.27%

Max Drawdown (5Y)

Largest decline over 5 years

-19.65%

-20.92%

+1.27%

Current Drawdown

Current decline from peak

0.00%

-0.22%

+0.22%

Average Drawdown

Average peak-to-trough decline

-4.13%

-3.67%

-0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.77%

2.11%

-0.34%

Volatility

SPEX.L vs. SPXD.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 1.96%, while Invesco S&P 500 UCITS ETF Dist (SPXD.L) has a volatility of 3.54%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than SPXD.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.LSPXD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.96%

3.54%

-1.58%

Volatility (6M)

Calculated over the trailing 6-month period

6.61%

8.54%

-1.93%

Volatility (1Y)

Calculated over the trailing 1-year period

9.69%

11.80%

-2.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

15.31%

-1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.61%

17.10%

-2.49%

SPEX.L vs. SPXD.L - Expense Ratio Comparison

SPEX.L has a 0.20% expense ratio, which is higher than SPXD.L'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%.

Dividends

SPEX.L vs. SPXD.L - Dividend Comparison

SPEX.L has not paid dividends to shareholders, while SPXD.L's dividend yield for the trailing twelve months is around 1.08%.

PositionTTM2025202420232022202120202019
SPEX.L
Invesco S&P 500 Equal Weight UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPXD.L
Invesco S&P 500 UCITS ETF Dist		1.08%1.16%1.31%1.51%1.68%1.30%1.55%1.87%

Frequently Asked Questions

SPEX.L and SPXD.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPXD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPXD.L is cheaper with a 0.05% expense ratio, compared with 0.20% for SPEX.L.

SPEX.L tracks S&P 500 Equal Weight Index, while SPXD.L tracks S&P 500 Index. Their fees differ too: 0.20% for SPEX.L and 0.05% for SPXD.L.

Portfolio Optimizer

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