SPLW.L vs. SPED.L

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L).

SPLW.L and SPED.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPLW.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Vol NTR Index. It was launched on Jul 14, 2021. SPED.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Net Total Return. It was launched on Apr 6, 2021. Both SPLW.L and SPED.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPLW.L vs. SPED.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L). The values are adjusted to include any dividend payments, if applicable.

SPLW.L vs. SPED.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPLW.L Invesco S&P 500 Low Volatility UCITS ETF Acc	1.43%	4.80%	13.46%	-0.49%	-4.28%	10.45%
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist	0.30%	11.67%	12.37%	13.50%	-12.03%	8.20%

Returns By Period

In the year-to-date period, SPLW.L achieves a 1.43% return, which is significantly higher than SPED.L's 0.30% return.

SPLW.L

• 1D: -0.64%
• 1M: -5.85%
• YTD: 1.43%
• 6M: 0.35%
• 1Y: -0.81%
• 3Y*: 7.24%
• 5Y*: —
• 10Y*: —

SPED.L

• 1D: 1.74%
• 1M: -4.83%
• YTD: 0.30%
• 6M: 2.32%
• 1Y: 13.03%
• 3Y*: 11.83%
• 5Y*: —
• 10Y*: —

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

SPLW.L vs. SPED.L - Expense Ratio Comparison

SPLW.L has a 0.25% expense ratio, which is higher than SPED.L's 0.20% 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%.

SPLW.L

Invesco S&P 500 Low Volatility UCITS ETF Acc

SPED.L

Invesco S&P 500 Equal Weight UCITS ETF Dist

Return for Risk

SPLW.L vs. SPED.L — Risk / Return Rank

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

SPLW.L

SPLW.L Risk / Return Rank: 10
SPLW.L Sharpe Ratio Rank: 11
SPLW.L Sortino Ratio Rank: 10
SPLW.L Omega Ratio Rank: 10
SPLW.L Calmar Ratio Rank: 10
SPLW.L Martin Ratio Rank: 10

SPED.L

SPED.L Risk / Return Rank: 45
SPED.L Sharpe Ratio Rank: 42
SPED.L Sortino Ratio Rank: 42
SPED.L Omega Ratio Rank: 43
SPED.L Calmar Ratio Rank: 46
SPED.L Martin Ratio Rank: 53

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.

SPLW.L vs. SPED.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) and Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.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.

	SPLW.L	SPED.L	Difference
Sharpe ratio Return per unit of total volatility	-0.04	0.85	-0.89
Sortino ratio Return per unit of downside risk	0.03	1.25	-1.22
Omega ratio Gain probability vs. loss probability	1.00	1.18	-0.17
Calmar ratio Return relative to maximum drawdown	-0.09	1.32	-1.41
Martin ratio Return relative to average drawdown	-0.27	5.72	-6.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPLW.L vs. SPED.L - Sharpe Ratio Comparison

The current SPLW.L Sharpe Ratio is -0.04, which is lower than the SPED.L Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of SPLW.L and SPED.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPLW.L	SPED.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	0.85	-0.89
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.50	-0.08

Correlation

The correlation between SPLW.L and SPED.L is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPLW.L vs. SPED.L - Dividend Comparison

SPLW.L has not paid dividends to shareholders, while SPED.L's dividend yield for the trailing twelve months is around 1.39%.

	TTM	2025	2024	2023	2022	2021
SPLW.L Invesco S&P 500 Low Volatility UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist	1.39%	1.36%	1.39%	1.46%	1.51%	0.74%

Drawdowns

SPLW.L vs. SPED.L - Drawdown Comparison

The maximum SPLW.L drawdown since its inception was -17.23%, smaller than the maximum SPED.L drawdown of -20.80%. Use the drawdown chart below to compare losses from any high point for SPLW.L and SPED.L.

Drawdown Indicators

	SPLW.L	SPED.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-20.80%	+3.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-12.66%	+3.22%
Current Drawdown Current decline from peak	-5.85%	-5.12%	-0.73%
Average Drawdown Average peak-to-trough decline	-5.08%	-5.12%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.15%	+0.81%

Volatility

SPLW.L vs. SPED.L - Volatility Comparison

The current volatility for Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) is 3.16%, while Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) has a volatility of 4.04%. This indicates that SPLW.L experiences smaller price fluctuations and is considered to be less risky than SPED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLW.L	SPED.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	4.04%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	6.93%	7.56%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	15.31%	-2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.30%	17.76%	-5.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.30%	17.76%	-5.46%