SPXP.L vs. SC0J.DE
SPXP.L (Invesco S&P 500 UCITS ETF) and SC0J.DE (Invesco MSCI World UCITS ETF Acc) are both exchange-traded funds - SPXP.L is a S&P 500 fund tracking the S&P 500 Index, while SC0J.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, SPXP.L returned 16.32%/yr vs 14.06%/yr for SC0J.DE. A 0.77 correlation means they provide meaningful diversification when combined. SPXP.L charges 0.05%/yr vs 0.19%/yr for SC0J.DE.
Performance
SPXP.L vs. SC0J.DE - Performance Comparison
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Different Trading Currencies
SPXP.L is traded in GBp, while SC0J.DE is traded in EUR. To make them comparable, the SC0J.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPXP.L achieves a 10.55% return, which is significantly higher than SC0J.DE's 10.00% return. Over the past 10 years, SPXP.L has outperformed SC0J.DE with an annualized return of 16.32%, while SC0J.DE has yielded a comparatively lower 14.06% annualized 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%
SC0J.DE
- 1D
- -0.30%
- 1M
- 5.74%
- YTD
- 10.00%
- 6M
- 10.47%
- 1Y
- 27.42%
- 3Y*
- 17.95%
- 5Y*
- 13.11%
- 10Y*
- 14.06%
SPXP.L vs. SC0J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPXP.L Invesco S&P 500 UCITS ETF | 10.55% | 9.53% | 27.58% | 20.06% | -8.79% | 31.26% | 13.90% | 26.76% | 0.26% | 10.77% |
SC0J.DE Invesco MSCI World UCITS ETF Acc | 10.00% | 13.39% | 20.58% | 17.92% | -8.87% | 23.40% | 11.60% | 24.61% | -3.66% | 12.31% |
Correlation
The correlation between SPXP.L and SC0J.DE 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 (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2014 | 0.77 |
The correlation between SPXP.L and SC0J.DE shifts across timeframes, from 0.77 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPXP.L vs. SC0J.DE — Risk / Return Rank
SPXP.L
SC0J.DE
SPXP.L vs. SC0J.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXP.L) and Invesco MSCI World UCITS ETF Acc (SC0J.DE). 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 | SC0J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.47 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 4.18 | -0.08 |
| Martin ratioReturn relative to average drawdown | 15.14 | 16.42 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXP.L | SC0J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.55 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.95 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | 0.94 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.88 | +0.28 |
Drawdowns
SPXP.L vs. SC0J.DE - Drawdown Comparison
The maximum SPXP.L drawdown since its inception was -25.46%, roughly equal to the maximum SC0J.DE drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for SPXP.L and SC0J.DE.
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Drawdown Indicators
| SPXP.L | SC0J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.46% | -26.52% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -6.52% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -19.67% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -19.67% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -26.52% | +1.06% |
Current DrawdownCurrent decline from peak | -0.21% | -0.30% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.58% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.67% | +0.26% |
Volatility
SPXP.L vs. SC0J.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXP.L) is 2.64%, while Invesco MSCI World UCITS ETF Acc (SC0J.DE) has a volatility of 3.05%. This indicates that SPXP.L experiences smaller price fluctuations and is considered to be less risky than SC0J.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXP.L | SC0J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 3.05% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 7.65% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 10.71% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 13.71% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 14.87% | +1.35% |
SPXP.L vs. SC0J.DE - Expense Ratio Comparison
SPXP.L has a 0.05% expense ratio, which is lower than SC0J.DE's 0.19% 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. SC0J.DE - Dividend Comparison
Neither SPXP.L nor SC0J.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPXP.L and SC0J.DE 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.
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.
SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0J.DE.
SPXP.L is categorized as S&P 500, while SC0J.DE is Global Equities. SPXP.L tracks S&P 500 Index, while SC0J.DE tracks MSCI World. Their fees differ too: 0.05% for SPXP.L and 0.19% for SC0J.DE.
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