SPLG.L vs. G500.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds from Invesco - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, SPLG.L returned 6.17%/yr vs 12.15%/yr for G500.L. At a 0.19 correlation, their price movements are largely independent.
Performance
SPLG.L vs. G500.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than G500.L's 9.90% return.
SPLG.L
- 1D
- -0.07%
- 1M
- 1.73%
- 6M
- 5.03%
- YTD
- 6.03%
- 1Y
- 6.15%
- 3Y*
- 7.28%
- 5Y*
- 6.17%
- 10Y*
- —
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
SPLG.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 15.31% | -5.86% | 6.95% | -18.01% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 24.98% | 24.88% | -19.98% | 8.89% |
Correlation
The correlation between SPLG.L and G500.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.19 |
The correlation between SPLG.L and G500.L shifts across timeframes, from -0.21 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. G500.L — Risk / Return Rank
SPLG.L
G500.L
SPLG.L vs. G500.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) and Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| SPLG.L | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.65 | -1.76 |
| Martin ratioReturn relative to average drawdown | 2.18 | 10.68 | -8.50 |
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Drawdowns
SPLG.L vs. G500.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, which is greater than G500.L's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for SPLG.L and G500.L.
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Drawdown Indicators
| SPLG.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -25.20% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -8.21% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -18.22% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -25.20% | +4.57% |
Current DrawdownCurrent decline from peak | -2.88% | -0.66% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -5.31% | -7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.04% | +1.17% |
Volatility
SPLG.L vs. G500.L - Volatility Comparison
Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) has a higher volatility of 3.50% compared to Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) at 2.79%. This indicates that SPLG.L's price experiences larger fluctuations and is considered to be riskier than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLG.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.79% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 9.28% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 12.06% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 15.99% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 15.87% | +6.62% |
Dividends
SPLG.L vs. G500.L - Dividend Comparison
Neither SPLG.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and G500.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLG.L tracks Invesco S&P 500 Low Volatility UCITS ETF Accumulation, while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg).
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