SPXP.L vs. S5SD.L

Last updated Jun 4, 2026

SPXP.L (Invesco S&P 500 UCITS ETF) and S5SD.L (UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis) are both S&P 500 funds tracking the S&P 500 Index, from Invesco and UBS respectively. Both are passively managed. Over the past year, SPXP.L returned 29.27% vs 30.92% for S5SD.L. Their correlation of 0.95 suggests significant overlap in exposure. SPXP.L charges 0.05%/yr vs 0.12%/yr for S5SD.L.

Performance

SPXP.L vs. S5SD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 UCITS ETF (SPXP.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXP.L achieves a 10.55% return, which is significantly higher than S5SD.L's 9.50% return.

SPXP.L

• 1D: -0.21%
• 1M: 5.93%
• YTD: 10.55%
• 6M: 10.60%
• 1Y: 29.27%
• 3Y*: 19.50%
• 5Y*: 15.15%
• 10Y*: 16.32%

S5SD.L

• 1D: 0.08%
• 1M: 6.04%
• YTD: 9.50%
• 6M: 9.76%
• 1Y: 30.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPXP.L vs. S5SD.L - Yearly Performance Comparison

	2026 (YTD)	2025
SPXP.L Invesco S&P 500 UCITS ETF	10.55%	25.87%
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	9.50%	27.97%

Correlation

The correlation between SPXP.L and S5SD.L is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.95

The correlation between SPXP.L and S5SD.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

SPXP.L vs. S5SD.L - Sectors Allocation Comparison

Sectors	SPXP.L	S5SD.L
Technology	35.6%	38.6%
Financial Services	11.8%	12.0%
Communication Services	11.2%	14.5%
Consumer Cyclical	10.1%	4.6%
Healthcare	8.5%	9.3%
Industrials	8.3%	6.8%
Consumer Defensive	4.9%	5.1%
Energy	3.5%	4.2%
Utilities	2.4%	0.8%
Real Estate	1.9%	2.2%
Basic Materials	1.8%	1.9%

Return for Risk

SPXP.L vs. S5SD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXP.L

SPXP.L Risk / Return Rank: 81
SPXP.L Sharpe Ratio Rank: 84
SPXP.L Sortino Ratio Rank: 81
SPXP.L Omega Ratio Rank: 84
SPXP.L Calmar Ratio Rank: 79
SPXP.L Martin Ratio Rank: 77

S5SD.L

S5SD.L Risk / Return Rank: 87
S5SD.L Sharpe Ratio Rank: 90
S5SD.L Sortino Ratio Rank: 90
S5SD.L Omega Ratio Rank: 90
S5SD.L Calmar Ratio Rank: 83
S5SD.L Martin Ratio Rank: 84

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.

SPXP.L vs. S5SD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXP.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.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.

	SPXP.L	S5SD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.78	3.09	-0.31
Sortino ratio: Return per unit of downside risk	3.72	4.19	-0.47
Omega ratio: Gain probability vs. loss probability	1.52	1.58	-0.06
Calmar ratio: Return relative to maximum drawdown	4.11	4.44	-0.33
Martin ratio: Return relative to average drawdown	15.14	17.13	-2.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXP.L vs. S5SD.L - Sharpe Ratio Comparison

The current SPXP.L Sharpe Ratio is 2.78, which is comparable to the S5SD.L Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of SPXP.L and S5SD.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.

Sharpe Ratios by Period

	SPXP.L	S5SD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	3.09	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	3.15	-2.00

Drawdowns

SPXP.L vs. S5SD.L - Drawdown Comparison

The maximum SPXP.L drawdown since its inception was -25.46%, which is greater than S5SD.L's maximum drawdown of -7.32%. Use the drawdown chart below to compare losses from any high point for SPXP.L and S5SD.L.

Drawdown Indicators

	SPXP.L	S5SD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.46%	-7.32%	-18.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.09%	-7.32%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-20.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.46%	—	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.50%	-1.26%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.90%	+0.03%

Volatility

SPXP.L vs. S5SD.L - Volatility Comparison

Invesco S&P 500 UCITS ETF (SPXP.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) have volatilities of 2.64% and 2.72%, 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.

Volatility by Period

	SPXP.L	S5SD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	2.72%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.24%	7.08%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	10.54%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.23%	11.48%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	11.48%	+4.74%

SPXP.L vs. S5SD.L - Expense Ratio Comparison

SPXP.L has a 0.05% expense ratio, which is lower than S5SD.L's 0.12% 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

SPXP.L vs. S5SD.L - Dividend Comparison

Neither SPXP.L nor S5SD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPXP.L and S5SD.L in my portfolio?

With a correlation of 0.94, SPXP.L and S5SD.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.

Which ETF is better, SPXP.L or S5SD.L?

On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXP.L or S5SD.L?

SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.12% for S5SD.L.

What is the main difference between SPXP.L and S5SD.L?

Both ETFs track S&P 500 Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.05% for SPXP.L and 0.12% for S5SD.L.