Correlation
The correlation between SPXS.MI and SXR8.DE 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. SXR8.DE
Compare and contrast key facts about Invesco S&P 500 UCITS ETF (SPXS.MI) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE).
SPXS.MI and SXR8.DE 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. SXR8.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both SPXS.MI and SXR8.DE 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 SXR8.DE.
Performance
SPXS.MI vs. SXR8.DE - Performance Comparison
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Key characteristics
SPXS.MI:
0.45
SXR8.DE:
0.44
SPXS.MI:
0.72
SXR8.DE:
0.77
SPXS.MI:
1.11
SXR8.DE:
1.12
SPXS.MI:
0.37
SXR8.DE:
0.40
SPXS.MI:
1.17
SXR8.DE:
1.27
SPXS.MI:
7.36%
SXR8.DE:
7.34%
SPXS.MI:
18.89%
SXR8.DE:
18.93%
SPXS.MI:
-33.57%
SXR8.DE:
-33.78%
SPXS.MI:
-11.52%
SXR8.DE:
-11.49%
Returns By Period
The year-to-date returns for both investments are quite close, with SPXS.MI having a -8.26% return and SXR8.DE slightly higher at -7.90%. Both investments have delivered pretty close results over the past 10 years, with SPXS.MI having a 12.42% annualized return and SXR8.DE not far behind at 12.24%.
SPXS.MI
-8.26%
6.96%
-8.62%
9.44%
12.14%
15.56%
12.42%
SXR8.DE
-7.90%
6.88%
-8.67%
9.29%
11.94%
15.33%
12.24%
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SPXS.MI vs. SXR8.DE - Expense Ratio Comparison
SPXS.MI has a 0.05% expense ratio, which is lower than SXR8.DE'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%.
Risk-Adjusted Performance
SPXS.MI vs. SXR8.DE — Risk-Adjusted Performance Rank
SPXS.MI
SXR8.DE
SPXS.MI vs. SXR8.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.MI) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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. SXR8.DE - Dividend Comparison
Neither SPXS.MI nor SXR8.DE has paid dividends to shareholders.
Drawdowns
SPXS.MI vs. SXR8.DE - Drawdown Comparison
The maximum SPXS.MI drawdown since its inception was -33.57%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SPXS.MI and SXR8.DE.
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Volatility
SPXS.MI vs. SXR8.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (SPXS.MI) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) have volatilities of 5.83% and 5.87%, 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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