SPLG.L vs. SPEP.L

Last updated Jul 21, 2026

SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF USD (Acc)) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds from Invesco - SPLG.L tracks the S&P 500 Low Volatility Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, SPLG.L returned 6.37%/yr vs 13.96%/yr for SPEP.L. At a 0.44 correlation, their price movements are largely independent. SPLG.L charges 0.25%/yr vs 0.09%/yr for SPEP.L.

Performance

SPLG.L vs. SPEP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 Low Volatility UCITS ETF USD (Acc) (SPLG.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPLG.L achieves a 7.42% return, which is significantly lower than SPEP.L's 9.06% return.

SPLG.L

• 1D: -1.07%
• 1M: 3.09%
• 6M: 5.64%
• YTD: 7.42%
• 1Y: 6.93%
• 3Y*: 6.39%
• 5Y*: 6.37%
• 10Y*: —
• ALL TIME*: -0.03%

SPEP.L

• 1D: 0.52%
• 1M: -2.39%
• 6M: 9.51%
• YTD: 9.06%
• 1Y: 22.58%
• 3Y*: 17.41%
• 5Y*: 13.96%
• 10Y*: —
• ALL TIME*: 17.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPLG.L vs. SPEP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF USD (Acc)	7.42%	-2.34%	15.31%	-5.86%	6.95%	-18.01%
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc	9.06%	9.94%	26.61%	21.47%	-8.35%	13.78%

Correlation

The correlation between SPLG.L and SPEP.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.44

Over the past year, the correlation between SPLG.L and SPEP.L has dropped to 0.04 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

SPLG.L vs. SPEP.L - Sectors Allocation Comparison

Sectors	SPLG.L	SPEP.L
Utilities	25.4%	1.4%
Financial Services	21.5%	12.3%
Real Estate	17.9%	2.2%
Industrials	10.9%	8.2%
Consumer Defensive	9.2%	5.1%
Healthcare	4.1%	10.6%
Consumer Cyclical	3.9%	5.0%
Energy	2.6%	2.7%
Basic Materials	2.2%	2.0%
Technology	1.7%	38.0%
Communication Services	0.7%	12.6%

Return for Risk

SPLG.L vs. SPEP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPLG.L

SPLG.L Risk / Return Rank: 24
SPLG.L Sharpe Ratio Rank: 24
SPLG.L Sortino Ratio Rank: 24
SPLG.L Omega Ratio Rank: 21
SPLG.L Calmar Ratio Rank: 25
SPLG.L Martin Ratio Rank: 25

SPEP.L

SPEP.L Risk / Return Rank: 84
SPEP.L Sharpe Ratio Rank: 85
SPEP.L Sortino Ratio Rank: 84
SPEP.L Omega Ratio Rank: 84
SPEP.L Calmar Ratio Rank: 82
SPEP.L Martin Ratio Rank: 83

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.

SPLG.L vs. SPEP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF USD (Acc) (SPLG.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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	SPEP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	2.07	-1.43
Sortino ratio: Return per unit of downside risk	1.01	2.90	-1.90
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.27
Calmar ratio: Return relative to maximum drawdown	0.88	3.24	-2.36
Martin ratio: Return relative to average drawdown	2.15	12.17	-10.02

SPLG.L vs. SPEP.L - Sharpe Ratio Comparison

The current SPLG.L Sharpe Ratio is 0.64, which is lower than the SPEP.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SPLG.L and SPEP.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.

Drawdowns

SPLG.L vs. SPEP.L - Drawdown Comparison

The maximum SPLG.L drawdown since its inception was -27.94%, which is greater than SPEP.L's maximum drawdown of -21.07%. Use the drawdown chart below to compare losses from any high point for SPLG.L and SPEP.L.

Drawdown Indicators

	SPLG.L	SPEP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.94%	-21.07%	-6.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	-6.93%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-20.63%	-21.07%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	-21.07%	+0.44%
Current Drawdown Current decline from peak	-1.61%	-2.39%	+0.78%
Average Drawdown Average peak-to-trough decline	-13.14%	-4.45%	-8.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	1.85%	+1.36%

Volatility

SPLG.L vs. SPEP.L - Volatility Comparison

Invesco S&P 500 Low Volatility UCITS ETF USD (Acc) (SPLG.L) has a higher volatility of 3.98% compared to Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) at 2.93%. This indicates that SPLG.L's price experiences larger fluctuations and is considered to be riskier than SPEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLG.L	SPEP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	2.93%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	7.62%	+0.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	10.86%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	20.10%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.49%	20.71%	+1.78%

SPLG.L vs. SPEP.L - Expense Ratio Comparison

SPLG.L has a 0.25% expense ratio, which is higher than SPEP.L's 0.09% 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

SPLG.L vs. SPEP.L - Dividend Comparison

Neither SPLG.L nor SPEP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPLG.L and SPEP.L in my portfolio?

SPLG.L and SPEP.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPLG.L or SPEP.L?

On fees, SPEP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPLG.L or SPEP.L?

SPEP.L is cheaper with a 0.09% expense ratio, compared with 0.25% for SPLG.L.

What is the main difference between SPLG.L and SPEP.L?

SPLG.L tracks S&P 500 Low Volatility Index, while SPEP.L tracks S&P 500 ESG Index. Their fees differ too: 0.25% for SPLG.L and 0.09% for SPEP.L.