SPY5.L vs. SPXE.L

Last updated Jul 18, 2026

SPY5.L (State Street SPDR S&P 500 UCITS ETF (Dist)) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds - SPY5.L tracks the S&P 500 Index while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, SPY5.L returned 12.73%/yr vs 13.46%/yr for SPXE.L. With a 0.97 correlation, they move nearly in lockstep. SPY5.L charges 0.03%/yr vs 0.09%/yr for SPXE.L.

Performance

SPY5.L vs. SPXE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPY5.L achieves a 8.93% return, which is significantly higher than SPXE.L's 8.48% return.

SPY5.L

• 1D: -1.25%
• 1M: -0.56%
• 6M: 7.99%
• YTD: 8.93%
• 1Y: 19.94%
• 3Y*: 19.39%
• 5Y*: 12.73%
• 10Y*: 14.54%

SPXE.L

• 1D: -1.23%
• 1M: -1.46%
• 6M: 7.68%
• YTD: 8.48%
• 1Y: 22.18%
• 3Y*: 19.17%
• 5Y*: 13.46%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY5.L vs. SPXE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist)	8.93%	17.43%	25.36%	26.64%	-18.68%	29.28%	34.48%
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)	8.48%	17.97%	24.55%	28.40%	-18.00%	32.29%	28.38%

Correlation

The correlation between SPY5.L and SPXE.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020	0.97

The correlation between SPY5.L and SPXE.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

SPY5.L vs. SPXE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY5.L

SPY5.L Risk / Return Rank: 65
SPY5.L Sharpe Ratio Rank: 63
SPY5.L Sortino Ratio Rank: 69
SPY5.L Omega Ratio Rank: 62
SPY5.L Calmar Ratio Rank: 61
SPY5.L Martin Ratio Rank: 70

SPXE.L

SPXE.L Risk / Return Rank: 76
SPXE.L Sharpe Ratio Rank: 77
SPXE.L Sortino Ratio Rank: 82
SPXE.L Omega Ratio Rank: 77
SPXE.L Calmar Ratio Rank: 67
SPXE.L Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPY5.L vs. SPXE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.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.

	SPY5.L	SPXE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.85	-0.20
Sortino ratio: Return per unit of downside risk	2.49	2.81	-0.32
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	2.43	2.51	-0.09
Martin ratio: Return relative to average drawdown	9.83	10.68	-0.85

SPY5.L vs. SPXE.L - Sharpe Ratio Comparison

The current SPY5.L Sharpe Ratio is 1.65, which is comparable to the SPXE.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of SPY5.L and SPXE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPY5.L vs. SPXE.L - Drawdown Comparison

The maximum SPY5.L drawdown since its inception was -33.89%, which is greater than SPXE.L's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for SPY5.L and SPXE.L.

Drawdown Indicators

	SPY5.L	SPXE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-24.15%	-9.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-8.79%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-18.36%	-19.14%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-24.37%	-23.93%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	—	—
Current Drawdown Current decline from peak	-1.79%	-2.05%	+0.26%
Average Drawdown Average peak-to-trough decline	-3.70%	-4.70%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.07%	-0.05%

Volatility

SPY5.L vs. SPXE.L - Volatility Comparison

State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) and Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) have volatilities of 3.07% and 3.04%, 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.

Volatility by Period

	SPY5.L	SPXE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.04%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	9.31%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	11.92%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.20%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	19.18%	-2.98%

SPY5.L vs. SPXE.L - Expense Ratio Comparison

SPY5.L has a 0.03% expense ratio, which is lower than SPXE.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

SPY5.L vs. SPXE.L - Dividend Comparison

SPY5.L's dividend yield for the trailing twelve months is around 0.92%, while SPXE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist)	0.92%	0.97%	1.06%	1.19%	1.40%	0.99%	1.28%	1.44%	0.40%	1.14%	1.64%	1.73%

Frequently Asked Questions

Can I hold both SPY5.L and SPXE.L in my portfolio?

With a correlation of 0.96, SPY5.L and SPXE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPY5.L or SPXE.L?

On fees, SPY5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPY5.L or SPXE.L?

SPY5.L is cheaper with a 0.03% expense ratio, compared with 0.09% for SPXE.L.

What is the main difference between SPY5.L and SPXE.L?

SPY5.L tracks S&P 500 Index, while SPXE.L tracks S&P 500 Scored & Screened Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.03% for SPY5.L and 0.09% for SPXE.L.