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SPEX.L vs. ^SPXEW
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between SPEX.L and ^SPXEW 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. ^SPXEW

Last updated May 30, 2025

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.

Performance

SPEX.L vs. ^SPXEW - 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 S&P 500 Equal Weighted Index (^SPXEW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SPEX.L:

0.20

^SPXEW:

0.39

Sortino Ratio

SPEX.L:

0.38

^SPXEW:

0.61

Omega Ratio

SPEX.L:

1.05

^SPXEW:

1.08

Calmar Ratio

SPEX.L:

0.13

^SPXEW:

0.33

Martin Ratio

SPEX.L:

0.49

^SPXEW:

1.15

Ulcer Index

SPEX.L:

6.49%

^SPXEW:

5.17%

Daily Std Dev

SPEX.L:

15.92%

^SPXEW:

17.55%

Max Drawdown

SPEX.L:

-25.19%

^SPXEW:

-60.83%

Current Drawdown

SPEX.L:

-18.01%

^SPXEW:

-6.18%

Returns By Period

In the year-to-date period, SPEX.L achieves a -6.39% return, which is significantly lower than ^SPXEW's 0.28% return.

SPEX.L

YTD

-6.39%

1M

4.35%

6M

-11.12%

1Y

3.23%

3Y*

4.64%

5Y*

N/A

10Y*

N/A

^SPXEW

YTD

0.28%

1M

4.02%

6M

-5.93%

1Y

8.01%

3Y*

5.35%

5Y*

11.77%

10Y*

7.92%

*Annualized

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Invesco S&P 500 Equal Weight UCITS ETF Acc

S&P 500 Equal Weighted Index

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SPEX.L vs. ^SPXEW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPEX.L
The Risk-Adjusted Performance Rank of SPEX.L is 2323
Overall Rank
The Sharpe Ratio Rank of SPEX.L is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of SPEX.L is 2323
Sortino Ratio Rank
The Omega Ratio Rank of SPEX.L is 2323
Omega Ratio Rank
The Calmar Ratio Rank of SPEX.L is 2222
Calmar Ratio Rank
The Martin Ratio Rank of SPEX.L is 2323
Martin Ratio Rank
^SPXEW
The Risk-Adjusted Performance Rank of ^SPXEW is 4040
Overall Rank
The Sharpe Ratio Rank of ^SPXEW is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SPXEW is 3636
Sortino Ratio Rank
The Omega Ratio Rank of ^SPXEW is 3636
Omega Ratio Rank
The Calmar Ratio Rank of ^SPXEW is 4141
Calmar Ratio Rank
The Martin Ratio Rank of ^SPXEW is 4444
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current SPEX.L Sharpe Ratio is 0.20, which is lower than the ^SPXEW Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of SPEX.L and ^SPXEW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

SPEX.L vs. ^SPXEW - Drawdown Comparison

The maximum SPEX.L drawdown since its inception was -25.19%, 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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SPEX.L vs. ^SPXEW - Volatility Comparison

Invesco S&P 500 Equal Weight UCITS ETF Acc (SPEX.L) has a higher volatility of 5.48% compared to S&P 500 Equal Weighted Index (^SPXEW) at 4.88%. This indicates that SPEX.L's price experiences larger fluctuations and is considered to be riskier than ^SPXEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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