SPXE.L vs. SPXS.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds from Invesco - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, SPXE.L returned 13.72%/yr vs -54.94%/yr for SPXS.L. With a 0.97 correlation, they move nearly in lockstep.
Performance
SPXE.L vs. SPXS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPXE.L having a 9.73% return and SPXS.L slightly higher at 10.20%.
SPXE.L
- 1D
- -0.05%
- 1M
- -0.92%
- 6M
- 9.61%
- YTD
- 9.73%
- 1Y
- 23.78%
- 3Y*
- 19.79%
- 5Y*
- 13.72%
- 10Y*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
SPXE.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 35.29% |
Correlation
The correlation between SPXE.L and SPXS.L is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.97 |
The correlation between SPXE.L and SPXS.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. SPXS.L — Risk / Return Rank
SPXE.L
SPXS.L
SPXE.L vs. SPXS.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 (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.52 | +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. SPXS.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for SPXE.L and SPXS.L.
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Drawdown Indicators
| SPXE.L | SPXS.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% | -98.90% | +97.98% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -7.67% | +2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 80.57% | -78.50% |
Volatility
SPXE.L vs. SPXS.L - Volatility Comparison
Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) and Invesco S&P 500 UCITS ETF (SPXS.L) have volatilities of 2.79% and 2.73%, 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
| SPXE.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.73% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 9.24% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 99.43% | -87.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 47.13% | -30.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 35.27% | -16.09% |
Dividends
SPXE.L vs. SPXS.L - Dividend Comparison
Neither SPXE.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SPXE.L and SPXS.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 SPXS.L tracks Invesco S&P 500 UCITS ETF.
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