PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPEX.L vs. UC13.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPEX.L vs. UC13.L

Last updated Jun 4, 2026

SPEX.L (Invesco S&P 500 Equal Weight UCITS ETF Acc) and UC13.L (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - SPEX.L tracks the S&P 500 Equal Weight Index while UC13.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPEX.L returned 9.30%/yr vs 13.62%/yr for UC13.L. Their correlation of 0.81 suggests significant overlap in exposure. SPEX.L charges 0.20%/yr vs 0.03%/yr for UC13.L.

Performance

SPEX.L vs. UC13.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 UBS Core S&P 500 UCITS ETF USD dis (UC13.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SPEX.L achieves a 9.11% return, which is significantly lower than UC13.L's 9.94% 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*
—

UC13.L

1D
-0.22%
1M
6.01%
YTD
9.94%
6M
9.94%
1Y
27.86%
3Y*
18.06%
5Y*
13.62%
10Y*
14.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPEX.L vs. UC13.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%
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		9.94%8.39%25.77%18.14%-10.01%19.17%

Correlation

The correlation between SPEX.L and UC13.L is 0.66, 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

0.66

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

0.72

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

0.82

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

0.81

The correlation between SPEX.L and UC13.L shifts across timeframes, from 0.66 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

SPEX.L vs. UC13.L - Sectors Allocation Comparison

Sectors
SPEX.L
UC13.L

Technology

20.1%
37.9%

Financial Services

14.2%
11.3%

Industrials

14.1%
7.8%

Healthcare

11.2%
8.3%

Consumer Cyclical

9.9%
9.8%

Consumer Defensive

6.5%
4.8%

Real Estate

6.2%
1.9%

Utilities

5.8%
2.2%

Energy

4.2%
3.4%

Basic Materials

3.9%
1.7%

Communication Services

3.9%
10.9%

Technology

SPEX.L
20.1%
UC13.L
37.9%

Financial Services

SPEX.L
14.2%
UC13.L
11.3%

Industrials

SPEX.L
14.1%
UC13.L
7.8%

Healthcare

SPEX.L
11.2%
UC13.L
8.3%

Consumer Cyclical

SPEX.L
9.9%
UC13.L
9.8%

Consumer Defensive

SPEX.L
6.5%
UC13.L
4.8%

Real Estate

SPEX.L
6.2%
UC13.L
1.9%

Utilities

SPEX.L
5.8%
UC13.L
2.2%

Energy

SPEX.L
4.2%
UC13.L
3.4%

Basic Materials

SPEX.L
3.9%
UC13.L
1.7%

Communication Services

SPEX.L
3.9%
UC13.L
10.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P 500 Equal Weight UCITS ETF Acc

UBS Core S&P 500 UCITS ETF USD dis

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 UC13.L:
UC13.L vs. VUSA.LUC13.L vs. CSPX.LUC13.L vs. VOOUC13.L vs. SPXP.LUC13.L vs. SPYUC13.L vs. XDPG.LUC13.L vs. I500.L

Return for Risk

SPEX.L vs. UC13.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
UC13.L
UC13.L Risk / Return Rank: 7777
Overall Rank
UC13.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
UC13.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
UC13.L Omega Ratio Rank: 8383
Omega Ratio Rank
UC13.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
UC13.L Martin Ratio Rank: 6969
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. UC13.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 UBS Core S&P 500 UCITS ETF USD dis (UC13.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.LUC13.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.65

-0.51

Sortino ratioReturn per unit of downside risk
2.96
3.55

-0.59

Omega ratioGain probability vs. loss probability

1.38

1.50

-0.11

Calmar ratioReturn relative to maximum drawdown

3.59

3.55

+0.05

Martin ratioReturn relative to average drawdown

11.66

12.59

-0.93

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. UC13.L - Sharpe Ratio Comparison

The current SPEX.L Sharpe Ratio is 2.14, which is comparable to the UC13.L Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SPEX.L and UC13.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.

Loading charts...

Sharpe Ratios by Period

SPEX.LUC13.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

2.65

-0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.94

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.89

-0.09

Drawdowns

SPEX.L vs. UC13.L - Drawdown Comparison

The maximum SPEX.L drawdown since its inception was -19.65%, smaller than the maximum UC13.L drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for SPEX.L and UC13.L.

Loading charts...

Drawdown Indicators

SPEX.LUC13.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.65%

-25.59%

+5.94%

Max Drawdown (1Y)

Largest decline over 1 year

-5.73%

-7.82%

+2.09%

Max Drawdown (3Y)

Largest decline over 3 years

-19.65%

-21.52%

+1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-19.65%

-21.52%

+1.87%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.59%

—

Current Drawdown

Current decline from peak

0.00%

-0.22%

+0.22%

Average Drawdown

Average peak-to-trough decline

-4.13%

-3.55%

-0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.77%

2.21%

-0.44%

Volatility

SPEX.L vs. UC13.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) is 1.96%, while UBS Core S&P 500 UCITS ETF USD dis (UC13.L) has a volatility of 2.62%. This indicates that SPEX.L experiences smaller price fluctuations and is considered to be less risky than UC13.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SPEX.LUC13.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.96%

2.62%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

6.61%

7.11%

-0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

9.69%

10.54%

-0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

14.45%

-0.40%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.61%

15.72%

-1.11%

SPEX.L vs. UC13.L - Expense Ratio Comparison

SPEX.L has a 0.20% expense ratio, which is higher than UC13.L's 0.03% 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. UC13.L - Dividend Comparison

SPEX.L has not paid dividends to shareholders, while UC13.L's dividend yield for the trailing twelve months is around 0.01%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%0.00%
UC13.L
UBS Core S&P 500 UCITS ETF USD dis		0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.02%0.02%0.02%0.02%

Frequently Asked Questions

SPEX.L and UC13.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC13.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC13.L is cheaper with a 0.03% expense ratio, compared with 0.20% for SPEX.L.

SPEX.L tracks S&P 500 Equal Weight Index, while UC13.L tracks S&P 500 Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.20% for SPEX.L and 0.03% for UC13.L.

Portfolio Optimizer

Find the right allocation for SPEX.L and UC13.L

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