SPXD.L vs. SPXE.L
SPXD.L (Invesco S&P 500 UCITS ETF Dist) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds from Invesco - SPXD.L tracks the S&P 500 Index while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, SPXD.L returned 13.00%/yr vs 13.46%/yr for SPXE.L. With a 0.98 correlation, they move nearly in lockstep. SPXD.L charges 0.05%/yr vs 0.09%/yr for SPXE.L.
Performance
SPXD.L vs. SPXE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPXD.L achieves a 9.15% return, which is significantly higher than SPXE.L's 8.48% return.
SPXD.L
- 1D
- -1.11%
- 1M
- -0.39%
- 6M
- 8.14%
- YTD
- 9.15%
- 1Y
- 20.24%
- 3Y*
- 19.61%
- 5Y*
- 13.00%
- 10Y*
- —
SPXE.L
- 1D
- -1.23%
- 1M
- -1.46%
- 6M
- 7.68%
- YTD
- 8.48%
- 1Y
- 22.18%
- 3Y*
- 19.17%
- 5Y*
- 13.46%
- 10Y*
- —
SPXD.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPXD.L Invesco S&P 500 UCITS ETF Dist | 9.15% | 17.53% | 25.57% | 26.91% | -18.51% | 29.66% | 34.80% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.48% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
Correlation
The correlation between SPXD.L and SPXE.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.98 |
The correlation between SPXD.L and SPXE.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SPXD.L vs. SPXE.L — Risk / Return Rank
SPXD.L
SPXE.L
SPXD.L vs. SPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF Dist (SPXD.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.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.
| SPXD.L | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.51 | -0.10 |
| Martin ratioReturn relative to average drawdown | 9.92 | 10.68 | -0.76 |
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Drawdowns
SPXD.L vs. SPXE.L - Drawdown Comparison
The maximum SPXD.L drawdown since its inception was -33.98%, which is greater than SPXE.L's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for SPXD.L and SPXE.L.
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Drawdown Indicators
| SPXD.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.98% | -24.15% | -9.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.79% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.30% | -19.14% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.18% | -23.93% | -0.25% |
Current DrawdownCurrent decline from peak | -1.67% | -2.05% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -4.70% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.07% | -0.03% |
Volatility
SPXD.L vs. SPXE.L - Volatility Comparison
Invesco S&P 500 UCITS ETF Dist (SPXD.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) have volatilities of 3.15% and 3.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXD.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.04% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 9.31% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 11.92% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 16.20% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.63% | 19.18% | -1.55% |
SPXD.L vs. SPXE.L - Expense Ratio Comparison
SPXD.L has a 0.05% expense ratio, which is lower than SPXE.L's 0.09% 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
SPXD.L vs. SPXE.L - Dividend Comparison
SPXD.L's dividend yield for the trailing twelve months is around 1.12%, while SPXE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SPXD.L Invesco S&P 500 UCITS ETF Dist | 1.12% | 1.16% | 1.31% | 1.51% | 1.68% | 1.30% | 1.52% | 1.41% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, SPXD.L and SPXE.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.
On fees, SPXD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXD.L is cheaper with a 0.05% expense ratio, compared with 0.09% for SPXE.L.
SPXD.L tracks S&P 500 Index, while SPXE.L tracks S&P 500 Scored & Screened Index. Their fees differ too: 0.05% for SPXD.L and 0.09% for SPXE.L.
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