Correlation
The correlation between SPXS.MI and SPY is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
SPXS.MI vs. SPY
Compare and contrast key facts about Invesco S&P 500 UCITS ETF (SPXS.MI) and SPDR S&P 500 ETF (SPY).
SPXS.MI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXS.MI is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on Jun 30, 2020. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPXS.MI and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXS.MI or SPY.
Performance
SPXS.MI vs. SPY - Performance Comparison
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Key characteristics
SPXS.MI:
0.45
SPY:
0.70
SPXS.MI:
0.72
SPY:
1.02
SPXS.MI:
1.11
SPY:
1.15
SPXS.MI:
0.37
SPY:
0.68
SPXS.MI:
1.17
SPY:
2.57
SPXS.MI:
7.36%
SPY:
4.93%
SPXS.MI:
18.89%
SPY:
20.42%
SPXS.MI:
-33.57%
SPY:
-55.19%
SPXS.MI:
-11.52%
SPY:
-3.55%
Returns By Period
In the year-to-date period, SPXS.MI achieves a -8.26% return, which is significantly lower than SPY's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with SPXS.MI having a 12.42% annualized return and SPY not far ahead at 12.73%.
SPXS.MI
-8.26%
6.96%
-8.62%
9.44%
12.14%
15.56%
12.42%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
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SPXS.MI vs. SPY - Expense Ratio Comparison
SPXS.MI has a 0.05% expense ratio, which is lower than SPY'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%.
Risk-Adjusted Performance
SPXS.MI vs. SPY — Risk-Adjusted Performance Rank
SPXS.MI
SPY
SPXS.MI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.MI) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
SPXS.MI vs. SPY - Dividend Comparison
SPXS.MI has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXS.MI Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SPXS.MI vs. SPY - Drawdown Comparison
The maximum SPXS.MI drawdown since its inception was -33.57%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPXS.MI and SPY.
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Volatility
SPXS.MI vs. SPY - Volatility Comparison
Invesco S&P 500 UCITS ETF (SPXS.MI) has a higher volatility of 5.83% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that SPXS.MI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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