SPLG.L vs. IGDA.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both Global Equities funds from Invesco - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, SPLG.L returned 7.28%/yr vs 16.95%/yr for IGDA.L. At a 0.25 correlation, their price movements are largely independent.
Performance
SPLG.L vs. IGDA.L - Performance Comparison
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Different Trading Currencies
SPLG.L is traded in GBp, while IGDA.L is traded in USD. To make them comparable, the IGDA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than IGDA.L's 11.80% 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*
- —
IGDA.L
- 1D
- -1.26%
- 1M
- -2.65%
- 6M
- 10.16%
- YTD
- 11.80%
- 1Y
- 24.60%
- 3Y*
- 16.95%
- 5Y*
- —
- 10Y*
- —
SPLG.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 15.31% | -5.86% | 8.58% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 11.80% | 10.30% | 20.00% | 23.22% | -11.19% |
Correlation
The correlation between SPLG.L and IGDA.L is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.25 |
The correlation between SPLG.L and IGDA.L shifts across timeframes, from -0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. IGDA.L — Risk / Return Rank
SPLG.L
IGDA.L
SPLG.L vs. IGDA.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 Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.40 | -2.51 |
| Martin ratioReturn relative to average drawdown | 2.18 | 11.11 | -8.92 |
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Drawdowns
SPLG.L vs. IGDA.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, which is greater than IGDA.L's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for SPLG.L and IGDA.L.
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Drawdown Indicators
| SPLG.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -22.43% | -5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -7.19% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -22.43% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -3.99% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -4.18% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.21% | +1.00% |
Volatility
SPLG.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) is 3.50%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.39%. This indicates that SPLG.L experiences smaller price fluctuations and is considered to be less risky than IGDA.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 | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 4.39% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 11.43% | -3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 14.50% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 16.59% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 16.59% | +5.90% |
Dividends
SPLG.L vs. IGDA.L - Dividend Comparison
Neither SPLG.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and IGDA.L have a correlation of -0.13, 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 IGDA.L tracks Dow Jones Islamic Market Developed Markets Index.
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