SPXS.MI vs. VWRA.L
SPXS.MI (Invesco S&P 500 UCITS ETF) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - SPXS.MI is a S&P 500 fund tracking the S&P 500 Index, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, SPXS.MI returned 14.98%/yr vs 12.32%/yr for VWRA.L. Their correlation of 0.88 suggests significant overlap in exposure. SPXS.MI charges 0.05%/yr vs 0.22%/yr for VWRA.L.
Performance
SPXS.MI vs. VWRA.L - Performance Comparison
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Different Trading Currencies
SPXS.MI is traded in EUR, while VWRA.L is traded in USD. To make them comparable, the VWRA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPXS.MI achieves a 11.42% return, which is significantly lower than VWRA.L's 13.03% return.
SPXS.MI
- 1D
- -0.11%
- 1M
- 5.27%
- YTD
- 11.42%
- 6M
- 11.54%
- 1Y
- 25.86%
- 3Y*
- 19.09%
- 5Y*
- 14.98%
- 10Y*
- 15.17%
VWRA.L
- 1D
- 0.00%
- 1M
- 5.12%
- YTD
- 13.03%
- 6M
- 13.50%
- 1Y
- 26.69%
- 3Y*
- 17.92%
- 5Y*
- 12.32%
- 10Y*
- —
SPXS.MI vs. VWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPXS.MI Invesco S&P 500 UCITS ETF | 11.42% | 4.51% | 33.86% | 22.52% | -14.49% | 41.21% | 7.76% | 6.71% |
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 12.86% | 7.92% | 25.41% | 18.61% | -13.03% | 27.32% | 6.62% | 6.72% |
Correlation
The correlation between SPXS.MI and VWRA.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019 | 0.88 |
The correlation between SPXS.MI and VWRA.L has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
SPXS.MI vs. VWRA.L — Risk / Return Rank
SPXS.MI
VWRA.L
SPXS.MI vs. VWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.MI) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.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.
| SPXS.MI | VWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 4.16 | -0.46 |
| Martin ratioReturn relative to average drawdown | 13.16 | 15.93 | -2.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPXS.MI | VWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.16 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.84 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.76 | +0.19 |
Drawdowns
SPXS.MI vs. VWRA.L - Drawdown Comparison
The maximum SPXS.MI drawdown since its inception was -33.57%, roughly equal to the maximum VWRA.L drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for SPXS.MI and VWRA.L.
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Drawdown Indicators
| SPXS.MI | VWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -33.09% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -6.39% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | -20.09% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -20.09% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.45% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.68% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.67% | +0.29% |
Volatility
SPXS.MI vs. VWRA.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXS.MI) is 2.68%, while Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a volatility of 3.51%. This indicates that SPXS.MI experiences smaller price fluctuations and is considered to be less risky than VWRA.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.MI | VWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 3.51% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 9.30% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 12.33% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 14.58% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 16.76% | -0.45% |
SPXS.MI vs. VWRA.L - Expense Ratio Comparison
SPXS.MI has a 0.05% expense ratio, which is lower than VWRA.L's 0.22% 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.MI vs. VWRA.L - Dividend Comparison
Neither SPXS.MI nor VWRA.L has paid dividends to shareholders.
Frequently Asked Questions
SPXS.MI and VWRA.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.MI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.MI is cheaper with a 0.05% expense ratio, compared with 0.22% for VWRA.L.
SPXS.MI is categorized as S&P 500, while VWRA.L is Global Equities. SPXS.MI tracks S&P 500 Index, while VWRA.L tracks FTSE All-World Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.05% for SPXS.MI and 0.22% for VWRA.L.
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