SPXS.L vs. MIST.L
SPXS.L (Invesco S&P 500 UCITS ETF) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - SPXS.L tracks the Invesco S&P 500 UCITS ETF while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, SPXS.L returned -54.94%/yr vs 2.48%/yr for MIST.L. At a 0.27 correlation, their price movements are largely independent.
Performance
SPXS.L vs. MIST.L - Performance Comparison
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Different Trading Currencies
SPXS.L is traded in USD, while MIST.L is traded in GBP. To make them comparable, the MIST.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPXS.L achieves a 10.20% return, which is significantly higher than MIST.L's 1.66% 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%
MIST.L
- 1D
- 0.25%
- 1M
- 0.09%
- 6M
- 1.62%
- YTD
- 1.66%
- 1Y
- 4.38%
- 3Y*
- 5.81%
- 5Y*
- 2.48%
- 10Y*
- —
SPXS.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 8.22% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 1.66% | 12.50% | 3.77% | 10.55% | -11.69% | -1.26% | 3.71% | 7.64% |
Correlation
The correlation between SPXS.L and MIST.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.27 |
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Return for Risk
SPXS.L vs. MIST.L — Risk / Return Rank
SPXS.L
MIST.L
SPXS.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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 | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.52 | 1.11 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 0.96 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.23 | 2.13 | -3.35 |
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Drawdowns
SPXS.L vs. MIST.L - Drawdown Comparison
The maximum SPXS.L drawdown since its inception was -99.07%, which is greater than MIST.L's maximum drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for SPXS.L and MIST.L.
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Drawdown Indicators
| SPXS.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -26.32% | -72.75% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -4.21% | -94.86% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -7.89% | -91.18% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -25.04% | -74.03% |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | — | — |
Current DrawdownCurrent decline from peak | -98.90% | -1.45% | -97.45% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -5.96% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.57% | 1.91% | +78.66% |
Volatility
SPXS.L vs. MIST.L - Volatility Comparison
Invesco S&P 500 UCITS ETF (SPXS.L) has a higher volatility of 2.73% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 1.69%. This indicates that SPXS.L's price experiences larger fluctuations and is considered to be riskier than MIST.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 | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 1.69% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 4.92% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.43% | 6.53% | +92.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.13% | 8.59% | +38.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.27% | 8.91% | +26.36% |
Dividends
SPXS.L vs. MIST.L - Dividend Comparison
Neither SPXS.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
SPXS.L and MIST.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXS.L tracks Invesco S&P 500 UCITS ETF, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: Invesco and PIMCO.
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