SPXE.L vs. JPLG.L

Last updated Jul 18, 2026

SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - SPXE.L is a S&P 500 fund tracking the S&P 500 Scored & Screened Index, while JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SPXE.L returned 13.46%/yr vs 9.83%/yr for JPLG.L. A 0.74 correlation means they provide meaningful diversification when combined. SPXE.L charges 0.09%/yr vs 0.20%/yr for JPLG.L.

Performance

SPXE.L vs. JPLG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPXE.L is traded in USD, while JPLG.L is traded in GBp. To make them comparable, the JPLG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPXE.L achieves a 8.48% return, which is significantly lower than JPLG.L's 12.50% return.

SPXE.L

• 1D: -1.23%
• 1M: -1.46%
• 6M: 7.68%
• YTD: 8.48%
• 1Y: 22.18%
• 3Y*: 19.17%
• 5Y*: 13.46%
• 10Y*: —

JPLG.L

• 1D: 0.15%
• 1M: 1.42%
• 6M: 9.64%
• YTD: 12.50%
• 1Y: 21.90%
• 3Y*: 15.50%
• 5Y*: 9.83%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	12.50%	18.42%	10.23%	12.69%	-10.05%	23.54%	23.69%

Correlation

The correlation between SPXE.L and JPLG.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	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020	0.74

The correlation between SPXE.L and JPLG.L shifts across timeframes, from 0.57 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPXE.L vs. JPLG.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: 76
SPXE.L Sharpe Ratio Rank: 77
SPXE.L Sortino Ratio Rank: 82
SPXE.L Omega Ratio Rank: 77
SPXE.L Calmar Ratio Rank: 67
SPXE.L Martin Ratio Rank: 77

JPLG.L

JPLG.L Risk / Return Rank: 90
JPLG.L Sharpe Ratio Rank: 94
JPLG.L Sortino Ratio Rank: 93
JPLG.L Omega Ratio Rank: 92
JPLG.L Calmar Ratio Rank: 87
JPLG.L Martin Ratio Rank: 87

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. JPLG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.40	-0.55
Sortino ratio: Return per unit of downside risk	2.81	3.52	-0.71
Omega ratio: Gain probability vs. loss probability	1.34	1.42	-0.08
Calmar ratio: Return relative to maximum drawdown	2.51	3.30	-0.79
Martin ratio: Return relative to average drawdown	10.68	12.39	-1.71

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

The current SPXE.L Sharpe Ratio is 1.85, which is comparable to the JPLG.L Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SPXE.L and JPLG.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.

Drawdowns

SPXE.L vs. JPLG.L - Drawdown Comparison

The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum JPLG.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for SPXE.L and JPLG.L.

Drawdown Indicators

	SPXE.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.15%	-35.38%	+11.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.79%	-6.61%	-2.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	-12.54%	-6.60%
Max Drawdown (5Y) Largest decline over 5 years	-23.93%	-21.57%	-2.36%
Current Drawdown Current decline from peak	-2.05%	0.00%	-2.05%
Average Drawdown Average peak-to-trough decline	-4.70%	-4.43%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.76%	+0.31%

Volatility

SPXE.L vs. JPLG.L - Volatility Comparison

Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) has a higher volatility of 3.04% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) at 1.84%. This indicates that SPXE.L's price experiences larger fluctuations and is considered to be riskier than JPLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXE.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	1.84%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	7.09%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	9.11%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	13.15%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	15.73%	+3.45%

SPXE.L vs. JPLG.L - Expense Ratio Comparison

SPXE.L has a 0.09% expense ratio, which is lower than JPLG.L's 0.20% 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

SPXE.L vs. JPLG.L - Dividend Comparison

Neither SPXE.L nor JPLG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPXE.L and JPLG.L in my portfolio?

SPXE.L and JPLG.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.

Which ETF is better, SPXE.L or JPLG.L?

On fees, SPXE.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, SPXE.L or JPLG.L?

SPXE.L is cheaper with a 0.09% expense ratio, compared with 0.20% for JPLG.L.

What is the main difference between SPXE.L and JPLG.L?

SPXE.L is categorized as S&P 500, while JPLG.L is Global Equities. SPXE.L tracks S&P 500 Scored & Screened Index, while JPLG.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.09% for SPXE.L and 0.20% for JPLG.L.