SPX5.L vs. NESP.L

Last updated Jun 5, 2026

SPX5.L (SPDR S&P 500 UCITS ETF) and NESP.L (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - SPX5.L is a S&P 500 fund tracking the S&P 500 Index, while NESP.L is a Nasdaq-100 fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 3 years, SPX5.L returned 19.03%/yr vs 25.65%/yr for NESP.L. Their correlation of 0.90 suggests significant overlap in exposure. SPX5.L charges 0.09%/yr vs 0.25%/yr for NESP.L.

Performance

SPX5.L vs. NESP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P 500 UCITS ETF (SPX5.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPX5.L is traded in GBP, while NESP.L is traded in GBp. To make them comparable, the NESP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPX5.L achieves a 10.53% return, which is significantly lower than NESP.L's 20.57% return.

SPX5.L

• 1D: 0.05%
• 1M: 5.53%
• YTD: 10.53%
• 6M: 10.48%
• 1Y: 29.15%
• 3Y*: 19.03%
• 5Y*: 14.92%
• 10Y*: 16.17%

NESP.L

• 1D: -0.61%
• 1M: 10.79%
• YTD: 20.57%
• 6M: 19.40%
• 1Y: 44.13%
• 3Y*: 25.65%
• 5Y*: —
• 10Y*: —

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

SPX5.L vs. NESP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPX5.L SPDR S&P 500 UCITS ETF	10.53%	9.34%	27.47%	19.75%	-9.01%	6.42%
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	20.57%	12.78%	28.66%	48.13%	-25.12%	8.81%

Correlation

The correlation between SPX5.L and NESP.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.90

The correlation between SPX5.L and NESP.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

SPX5.L vs. NESP.L — Risk / Return Rank

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

SPX5.L

SPX5.L Risk / Return Rank: 83
SPX5.L Sharpe Ratio Rank: 85
SPX5.L Sortino Ratio Rank: 84
SPX5.L Omega Ratio Rank: 86
SPX5.L Calmar Ratio Rank: 81
SPX5.L Martin Ratio Rank: 79

NESP.L

NESP.L Risk / Return Rank: 77
NESP.L Sharpe Ratio Rank: 87
NESP.L Sortino Ratio Rank: 84
NESP.L Omega Ratio Rank: 83
NESP.L Calmar Ratio Rank: 74
NESP.L Martin Ratio Rank: 59

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.

SPX5.L vs. NESP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPX5.L) and Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.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.

	SPX5.L	NESP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.86	-0.10
Sortino ratio: Return per unit of downside risk	3.71	3.70	0.00
Omega ratio: Gain probability vs. loss probability	1.52	1.49	+0.02
Calmar ratio: Return relative to maximum drawdown	4.10	3.67	+0.43
Martin ratio: Return relative to average drawdown	15.08	10.38	+4.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPX5.L vs. NESP.L - Sharpe Ratio Comparison

The current SPX5.L Sharpe Ratio is 2.76, which is comparable to the NESP.L Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of SPX5.L and NESP.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.

Sharpe Ratios by Period

	SPX5.L	NESP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	2.86	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.60	+0.44

Drawdowns

SPX5.L vs. NESP.L - Drawdown Comparison

The maximum SPX5.L drawdown since its inception was -25.45%, roughly equal to the maximum NESP.L drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for SPX5.L and NESP.L.

Drawdown Indicators

	SPX5.L	NESP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.45%	-26.62%	+1.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-11.96%	+4.89%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-26.10%	+5.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.90%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.45%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.61%	+0.39%
Average Drawdown Average peak-to-trough decline	-3.18%	-10.26%	+7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	4.24%	-2.31%

Volatility

SPX5.L vs. NESP.L - Volatility Comparison

The current volatility for SPDR S&P 500 UCITS ETF (SPX5.L) is 2.67%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (NESP.L) has a volatility of 4.41%. This indicates that SPX5.L experiences smaller price fluctuations and is considered to be less risky than NESP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPX5.L	NESP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	4.41%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	10.95%	-3.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	15.35%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	29.41%	-15.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	29.41%	-13.89%

SPX5.L vs. NESP.L - Expense Ratio Comparison

SPX5.L has a 0.09% expense ratio, which is lower than NESP.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPX5.L vs. NESP.L - Dividend Comparison

SPX5.L's dividend yield for the trailing twelve months is around 0.89%, while NESP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NESP.L Invesco Nasdaq-100 ESG UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPX5.L SPDR S&P 500 UCITS ETF	0.89%	0.98%	1.04%	1.21%	1.39%	0.98%	1.40%	1.76%	1.71%	2.36%	1.49%	1.68%

Frequently Asked Questions

Can I hold both SPX5.L and NESP.L in my portfolio?

With a correlation of 0.90, SPX5.L and NESP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPX5.L or NESP.L?

On fees, SPX5.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, SPX5.L or NESP.L?

SPX5.L is cheaper with a 0.09% expense ratio, compared with 0.25% for NESP.L.

What is the main difference between SPX5.L and NESP.L?

SPX5.L is categorized as S&P 500, while NESP.L is Nasdaq-100. SPX5.L tracks S&P 500 Index, while NESP.L tracks Russell 1000 Growth TR USD. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.09% for SPX5.L and 0.25% for NESP.L.