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SPXE.L vs. HKOD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXE.L vs. HKOD.L

Last updated Jul 16, 2026
Documentation

SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 5 years, SPXE.L returned 13.72%/yr vs 14.71%/yr for HKOD.L. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

SPXE.L vs. HKOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPXE.L achieves a 9.73% return, which is significantly lower than HKOD.L's 70.37% return.

SPXE.L

1D
-0.05%
1M
-0.92%
6M
9.61%
YTD
9.73%
1Y
23.78%
3Y*
19.79%
5Y*
13.72%
10Y*
—

HKOD.L

1D
-1.67%
1M
-20.60%
6M
52.67%
YTD
70.37%
1Y
138.83%
3Y*
37.85%
5Y*
14.71%
10Y*
14.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXE.L vs. HKOD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SPXE.L
Invesco S&P 500 Scored & Screened ETF Acc		9.73%17.97%24.55%28.40%-18.00%32.29%28.38%
HKOD.L
HSBC MSCI KOREA CAPPED UCITS ETF		70.37%99.54%-22.90%19.95%-28.44%-8.49%68.71%

Correlation

The correlation between SPXE.L and HKOD.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Mar 10, 2020

0.58

The correlation between SPXE.L and HKOD.L has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

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Invesco S&P 500 Scored & Screened ETF Acc

HSBC MSCI KOREA CAPPED UCITS ETF

Return for Risk

SPXE.L vs. HKOD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXE.L
SPXE.L Risk / Return Rank: 7979
Overall Rank
SPXE.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
SPXE.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
SPXE.L Omega Ratio Rank: 8181
Omega Ratio Rank
SPXE.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPXE.L Martin Ratio Rank: 7979
Martin Ratio Rank
HKOD.L
HKOD.L Risk / Return Rank: 9292
Overall Rank
HKOD.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
HKOD.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
HKOD.L Omega Ratio Rank: 9090
Omega Ratio Rank
HKOD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
HKOD.L Martin Ratio Rank: 9292
Martin Ratio Rank
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.

SPXE.L vs. HKOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.

SPXE.LHKOD.LDifference
Sharpe ratioReturn per unit of total volatility
2.06
3.07

-1.01

Sortino ratioReturn per unit of downside risk
3.11
3.22

-0.11

Omega ratioGain probability vs. loss probability

1.38

1.45

-0.08

Calmar ratioReturn relative to maximum drawdown

2.78

5.77

-3.00

Martin ratioReturn relative to average drawdown

11.84

17.93

-6.09

SPXE.L vs. HKOD.L - Sharpe Ratio Comparison

The current SPXE.L Sharpe Ratio is 2.06, which is lower than the HKOD.L Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of SPXE.L and HKOD.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.

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Drawdowns

SPXE.L vs. HKOD.L - Drawdown Comparison

The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for SPXE.L and HKOD.L.

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Drawdown Indicators

SPXE.LHKOD.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.15%

-50.54%

+26.39%

Max Drawdown (1Y)

Largest decline over 1 year

-8.79%

-24.00%

+15.21%

Max Drawdown (3Y)

Largest decline over 3 years

-19.14%

-29.48%

+10.34%

Max Drawdown (5Y)

Largest decline over 5 years

-23.93%

-47.65%

+23.72%

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.54%

—

Current Drawdown

Current decline from peak

-0.92%

-24.00%

+23.08%

Average Drawdown

Average peak-to-trough decline

-4.70%

-18.79%

+14.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

7.75%

-5.68%

Volatility

SPXE.L vs. HKOD.L - Volatility Comparison

The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPXE.LHKOD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

20.20%

-17.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

41.23%

-32.01%

Volatility (1Y)

Calculated over the trailing 1-year period

11.87%

45.10%

-33.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.20%

29.74%

-13.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.18%

26.96%

-7.78%

Dividends

SPXE.L vs. HKOD.L - Dividend Comparison

SPXE.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.

PositionTTM202520242023202220212020201920182017
HKOD.L
HSBC MSCI KOREA CAPPED UCITS ETF		0.43%0.68%1.54%1.08%0.72%0.61%0.02%0.29%0.56%0.10%
SPXE.L
Invesco S&P 500 Scored & Screened ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SPXE.L and HKOD.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: Invesco and HSBC.

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