SPXS.L vs. S5SD.L
SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) 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 5 years, SPXS.L returned -55.04%/yr vs 13.34%/yr for S5SD.L. Their correlation of 0.90 suggests significant overlap in exposure. SPXS.L charges 0.05%/yr vs 0.12%/yr for S5SD.L.
Performance
SPXS.L vs. S5SD.L - Performance Comparison
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Different Trading Currencies
SPXS.L is traded in USD, while S5SD.L is traded in GBp. To make them comparable, the S5SD.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 8.95% return, which is significantly higher than S5SD.L's 8.34% return.
SPXS.L
- 1D
- -1.32%
- 1M
- -0.60%
- 6M
- 8.00%
- YTD
- 8.95%
- 1Y
- -98.80%
- 3Y*
- -74.24%
- 5Y*
- -55.04%
- 10Y*
- -27.46%
S5SD.L
- 1D
- -1.27%
- 1M
- -0.64%
- 6M
- 7.68%
- YTD
- 8.34%
- 1Y
- 21.94%
- 3Y*
- 19.12%
- 5Y*
- 13.34%
- 10Y*
- —
SPXS.L vs. S5SD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 8.95% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 17.89% | 16.31% |
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis | 8.34% | 18.28% | 24.23% | 27.60% | -18.26% | 32.62% | 18.43% | -9.80% |
Correlation
The correlation between SPXS.L and S5SD.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2019 | 0.90 |
The correlation between SPXS.L and S5SD.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
SPXS.L vs. S5SD.L — Risk / Return Rank
SPXS.L
S5SD.L
SPXS.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 USD (Acc) (SPXS.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.
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 | S5SD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.51 | 1.34 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.38 | -3.37 |
| Martin ratioReturn relative to average drawdown | -1.22 | 10.27 | -11.49 |
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Drawdowns
SPXS.L vs. S5SD.L - Drawdown Comparison
The maximum SPXS.L drawdown since its inception was -99.07%, which is greater than S5SD.L's maximum drawdown of -37.85%. Use the drawdown chart below to compare losses from any high point for SPXS.L and S5SD.L.
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Drawdown Indicators
| SPXS.L | S5SD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -37.85% | -61.22% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -9.19% | -89.88% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -19.68% | -79.39% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -25.05% | -74.02% |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | — | — |
Current DrawdownCurrent decline from peak | -98.91% | -2.01% | -96.90% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -7.26% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.82% | 2.13% | +78.69% |
Volatility
SPXS.L vs. S5SD.L - Volatility Comparison
Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) have volatilities of 3.01% and 3.05%, 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
| SPXS.L | S5SD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 3.05% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 8.82% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.43% | 11.56% | +87.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.12% | 15.80% | +31.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.28% | 19.28% | +16.00% |
SPXS.L vs. S5SD.L - Expense Ratio Comparison
SPXS.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
SPXS.L vs. S5SD.L - Dividend Comparison
SPXS.L has not paid dividends to shareholders, while S5SD.L's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis | 0.76% | 0.91% | 0.91% | 1.16% | 1.22% | 0.93% | 1.40% | 0.42% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPXS.L and S5SD.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.12% for 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 SPXS.L and 0.12% for S5SD.L.
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