SPLG.L vs. NXTG.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and NXTG.L (First Trust Indxx NextG UCITS ETF) are both Global Equities funds - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while NXTG.L tracks the First Trust Indxx NextG UCITS ETF. Both are passively managed. Over the past 5 years, SPLG.L returned 6.17%/yr vs 9.76%/yr for NXTG.L. At a 0.05 correlation, their price movements are largely independent.
Performance
SPLG.L vs. NXTG.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 NXTG.L's 39.36% 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*
- —
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
SPLG.L vs. NXTG.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% |
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 9.78% |
Correlation
The correlation between SPLG.L and NXTG.L is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.05 |
The correlation between SPLG.L and NXTG.L shifts across timeframes, from -0.14 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. NXTG.L — Risk / Return Rank
SPLG.L
NXTG.L
SPLG.L vs. NXTG.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 First Trust Indxx NextG UCITS ETF (NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.50 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.26 | -1.37 |
| Martin ratioReturn relative to average drawdown | 2.18 | 4.72 | -2.54 |
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Drawdowns
SPLG.L vs. NXTG.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, smaller than the maximum NXTG.L drawdown of -45.94%. Use the drawdown chart below to compare losses from any high point for SPLG.L and NXTG.L.
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Drawdown Indicators
| SPLG.L | NXTG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -45.94% | +18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -25.38% | +17.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -31.89% | +11.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -32.91% | +12.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.94% | — |
Current DrawdownCurrent decline from peak | -2.88% | -9.51% | +6.63% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -19.86% | +6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 12.16% | -8.95% |
Volatility
SPLG.L vs. NXTG.L - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) is 3.50%, while First Trust Indxx NextG UCITS ETF (NXTG.L) has a volatility of 6.66%. This indicates that SPLG.L experiences smaller price fluctuations and is considered to be less risky than NXTG.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 | NXTG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 6.66% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 15.57% | -7.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 46.75% | -36.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 43.04% | -24.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 32.80% | -10.31% |
Dividends
SPLG.L vs. NXTG.L - Dividend Comparison
Neither SPLG.L nor NXTG.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and NXTG.L have a correlation of -0.14, 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 NXTG.L tracks First Trust Indxx NextG UCITS ETF. They also come from different issuers: Invesco and First Trust.
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