SPXE.L vs. SPXP.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - SPXE.L is a Global Equities fund tracking the Invesco S&P 500 Scored & Screened ETF Acc, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SPXE.L returned 13.72%/yr vs -54.86%/yr for SPXP.L. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
SPXE.L vs. SPXP.L - Performance Comparison
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Different Trading Currencies
SPXE.L is traded in USD, while SPXP.L is traded in GBp. To make them comparable, the SPXP.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 9.73% return, which is significantly lower than SPXP.L's 10.74% 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*
- —
SPXP.L
- 1D
- 0.68%
- 1M
- 0.56%
- 6M
- 10.49%
- YTD
- 10.74%
- 1Y
- -98.78%
- 3Y*
- -74.05%
- 5Y*
- -54.86%
- 10Y*
- -27.31%
SPXE.L vs. SPXP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPXE.L Invesco S&P 500 Scored & Screened ETF Acc | 9.73% | 17.97% | 24.55% | 28.40% | -18.00% | 32.29% | 28.38% |
SPXP.L Invesco S&P 500 UCITS ETF | 10.74% | -98.82% | 25.46% | 26.40% | -18.54% | 30.07% | 34.61% |
Correlation
The correlation between SPXE.L and SPXP.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.91 |
The correlation between SPXE.L and SPXP.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. SPXP.L — Risk / Return Rank
SPXE.L
SPXP.L
SPXE.L vs. SPXP.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 S&P 500 UCITS ETF (SPXP.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 | SPXP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.51 | +0.86 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | -1.00 | +3.78 |
| Martin ratioReturn relative to average drawdown | 11.84 | -1.23 | +13.07 |
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Drawdowns
SPXE.L vs. SPXP.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum SPXP.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for SPXE.L and SPXP.L.
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Drawdown Indicators
| SPXE.L | SPXP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -99.07% | +74.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -99.07% | +90.28% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -99.07% | +79.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | -99.07% | +75.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -0.92% | -98.89% | +97.97% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -9.40% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 80.33% | -78.26% |
Volatility
SPXE.L vs. SPXP.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while Invesco S&P 500 UCITS ETF (SPXP.L) has a volatility of 3.19%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than SPXP.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 | SPXP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.19% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 8.72% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 99.37% | -87.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 46.98% | -30.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 35.20% | -16.02% |
Dividends
SPXE.L vs. SPXP.L - Dividend Comparison
Neither SPXE.L nor SPXP.L has paid dividends to shareholders.
Frequently Asked Questions
SPXE.L and SPXP.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXE.L is categorized as Global Equities, while SPXP.L is S&P 500. SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while SPXP.L tracks S&P 500 Index.
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