SPLG.L vs. XDEV.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, SPLG.L returned 6.17%/yr vs 17.13%/yr for XDEV.L. At a 0.35 correlation, their price movements are largely independent.
Performance
SPLG.L vs. XDEV.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 XDEV.L's 29.58% 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*
- —
XDEV.L
- 1D
- -2.22%
- 1M
- -4.46%
- 6M
- 25.56%
- YTD
- 29.58%
- 1Y
- 56.03%
- 3Y*
- 25.49%
- 5Y*
- 17.13%
- 10Y*
- 11.93%
SPLG.L vs. XDEV.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% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 29.58% | 30.51% | 6.79% | 13.25% | 1.01% | 5.70% |
Correlation
The correlation between SPLG.L and XDEV.L is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.35 |
The correlation between SPLG.L and XDEV.L shifts across timeframes, from -0.01 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. XDEV.L — Risk / Return Rank
SPLG.L
XDEV.L
SPLG.L vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.68 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 8.06 | -7.17 |
| Martin ratioReturn relative to average drawdown | 2.18 | 26.50 | -24.32 |
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Drawdowns
SPLG.L vs. XDEV.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, smaller than the maximum XDEV.L drawdown of -45.89%. Use the drawdown chart below to compare losses from any high point for SPLG.L and XDEV.L.
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Drawdown Indicators
| SPLG.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -45.89% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -6.92% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -19.90% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -19.90% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.20% | — |
Current DrawdownCurrent decline from peak | -2.88% | -5.91% | +3.03% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -15.27% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.11% | +1.10% |
Volatility
SPLG.L vs. XDEV.L - Volatility Comparison
The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) is 3.50%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 6.07%. This indicates that SPLG.L experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 6.07% | -2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 13.08% | -4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 15.01% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 19.12% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 21.02% | +1.47% |
Dividends
SPLG.L vs. XDEV.L - Dividend Comparison
Neither SPLG.L nor XDEV.L has paid dividends to shareholders.
Frequently Asked Questions
SPLG.L and XDEV.L have a correlation of -0.01, 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 XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: Invesco and DWS.
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