SPXE.L vs. IGDA.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both Global Equities funds from Invesco - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, SPXE.L returned 19.79%/yr vs 18.23%/yr for IGDA.L. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
SPXE.L vs. IGDA.L - Performance Comparison
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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 IGDA.L's 12.26% 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*
- —
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
SPXE.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPXE.L Invesco S&P 500 Scored & Screened ETF Acc | 9.73% | 17.97% | 24.55% | 28.40% | -16.81% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
Correlation
The correlation between SPXE.L and IGDA.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.94 |
The correlation between SPXE.L and IGDA.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. IGDA.L — Risk / Return Rank
SPXE.L
IGDA.L
SPXE.L vs. IGDA.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 Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.66 | +0.12 |
| Martin ratioReturn relative to average drawdown | 11.84 | 10.04 | +1.80 |
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Drawdowns
SPXE.L vs. IGDA.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum IGDA.L drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for SPXE.L and IGDA.L.
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Drawdown Indicators
| SPXE.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -27.14% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -9.69% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -20.14% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -3.55% | +2.63% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -6.96% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.58% | -0.51% |
Volatility
SPXE.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.17%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than IGDA.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.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 4.17% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 11.86% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 14.79% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 17.67% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 17.67% | +1.51% |
Dividends
SPXE.L vs. IGDA.L - Dividend Comparison
Neither SPXE.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPXE.L and IGDA.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.
SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index.
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