SPXS.L vs. SPEP.L
SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds from Invesco - SPXS.L tracks the S&P 500 Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, SPXS.L returned -55.04%/yr vs 13.49%/yr for SPEP.L. Their correlation of 0.91 suggests significant overlap in exposure. SPXS.L charges 0.05%/yr vs 0.09%/yr for SPEP.L.
Performance
SPXS.L vs. SPEP.L - Performance Comparison
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Different Trading Currencies
SPXS.L is traded in USD, while SPEP.L is traded in GBp. To make them comparable, the SPEP.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 SPEP.L's 8.44% 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%
SPEP.L
- 1D
- -1.26%
- 1M
- -0.61%
- 6M
- 7.71%
- YTD
- 8.44%
- 1Y
- 22.01%
- 3Y*
- 19.25%
- 5Y*
- 13.49%
- 10Y*
- —
SPXS.L vs. SPEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 8.95% | -98.82% | 25.56% | 27.00% | -18.53% | 29.64% | 35.29% |
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc | 8.44% | 18.23% | 24.50% | 27.88% | -18.15% | 32.81% | 28.73% |
Correlation
The correlation between SPXS.L and SPEP.L is 0.88, 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 | 0.88 |
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 10, 2020 | 0.91 |
The correlation between SPXS.L and SPEP.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
SPXS.L vs. SPEP.L — Risk / Return Rank
SPXS.L
SPEP.L
SPXS.L vs. SPEP.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 Invesco S&P 500 Scored & Screened ETF Acc (SPEP.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 | SPEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.51 | 1.34 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 2.41 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.22 | 10.48 | -11.70 |
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Drawdowns
SPXS.L vs. SPEP.L - Drawdown Comparison
The maximum SPXS.L drawdown since its inception was -99.07%, which is greater than SPEP.L's maximum drawdown of -24.86%. Use the drawdown chart below to compare losses from any high point for SPXS.L and SPEP.L.
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Drawdown Indicators
| SPXS.L | SPEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -24.86% | -74.21% |
Max Drawdown (1Y)Largest decline over 1 year | -99.07% | -9.08% | -89.99% |
Max Drawdown (3Y)Largest decline over 3 years | -99.07% | -19.39% | -79.68% |
Max Drawdown (5Y)Largest decline over 5 years | -99.07% | -24.86% | -74.21% |
Max Drawdown (10Y)Largest decline over 10 years | -99.07% | — | — |
Current DrawdownCurrent decline from peak | -98.91% | -1.99% | -96.92% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.64% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 80.82% | 2.10% | +78.72% |
Volatility
SPXS.L vs. SPEP.L - Volatility Comparison
Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) and Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) have volatilities of 3.01% and 2.97%, 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 | SPEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.97% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 8.74% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.43% | 11.51% | +87.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.12% | 21.00% | +26.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.28% | 22.07% | +13.21% |
SPXS.L vs. SPEP.L - Expense Ratio Comparison
SPXS.L has a 0.05% expense ratio, which is lower than SPEP.L's 0.09% 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. SPEP.L - Dividend Comparison
Neither SPXS.L nor SPEP.L has paid dividends to shareholders.
Frequently Asked Questions
SPXS.L and SPEP.L have a correlation of 0.88, 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 0.09% for SPEP.L.
SPXS.L tracks S&P 500 Index, while SPEP.L tracks S&P 500 ESG Index. Their fees differ too: 0.05% for SPXS.L and 0.09% for SPEP.L.
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