SPXS.L vs. IGDA.L
SPXS.L (Invesco S&P 500 UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both Global Equities funds from Invesco - SPXS.L tracks the Invesco S&P 500 UCITS ETF while IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, SPXS.L returned -74.11%/yr vs 18.23%/yr for IGDA.L. Their correlation of 0.95 suggests significant overlap in exposure. SPXS.L charges 0.05%/yr vs 0.40%/yr for IGDA.L.
Performance
SPXS.L vs. IGDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPXS.L achieves a 10.20% return, which is significantly lower than IGDA.L's 12.26% return.
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%
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
SPXS.L vs. IGDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -17.30% |
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
Correlation
The correlation between SPXS.L and IGDA.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 (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.95 |
The correlation between SPXS.L and IGDA.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
SPXS.L vs. IGDA.L — Risk / Return Rank
SPXS.L
IGDA.L
SPXS.L vs. IGDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.
| SPXS.L | IGDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 0.52 | 1.31 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.66 | -3.66 |
| Martin ratioReturn relative to average drawdown | -1.23 | 10.04 | -11.27 |
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Drawdowns
SPXS.L vs. IGDA.L - Drawdown Comparison
The maximum SPXS.L drawdown since its inception was -99.07%, which is greater than IGDA.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for SPXS.L and IGDA.L.
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Drawdown Indicators
| SPXS.L | IGDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -27.14% | -71.93% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -9.69% | -89.38% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -20.14% | -78.93% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | — | — |
Current DrawdownCurrent decline from peak | -98.90% | -3.55% | -95.35% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -6.96% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.57% | 2.58% | +77.99% |
Volatility
SPXS.L vs. IGDA.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXS.L) is 2.73%, while Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a volatility of 4.17%. This indicates that SPXS.L experiences smaller price fluctuations and is considered to be less risky than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXS.L | IGDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.17% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 11.86% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.43% | 14.79% | +84.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 17.67% | +29.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.27% | 17.67% | +17.60% |
SPXS.L vs. IGDA.L - Expense Ratio Comparison
SPXS.L has a 0.05% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.
Dividends
SPXS.L vs. IGDA.L - Dividend Comparison
Neither SPXS.L nor IGDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SPXS.L and IGDA.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.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.40% for IGDA.L.
SPXS.L tracks Invesco S&P 500 UCITS ETF, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.05% for SPXS.L and 0.40% for IGDA.L.
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