SXR8.DE vs. SPXS.MI
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and SPXS.MI (Invesco S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.52%/yr vs -27.60%/yr for SPXS.MI. A 0.66 correlation means they provide meaningful diversification when combined. SXR8.DE charges 0.07%/yr vs 0.05%/yr for SPXS.MI.
Performance
SXR8.DE vs. SPXS.MI - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SXR8.DE having a 13.10% return and SPXS.MI slightly higher at 13.23%. Over the past 10 years, SXR8.DE has outperformed SPXS.MI with an annualized return of 14.52%, while SPXS.MI has yielded a comparatively lower -27.60% annualized return.
SXR8.DE
- 1D
- 0.23%
- 1M
- 1.43%
- 6M
- 12.05%
- YTD
- 13.10%
- 1Y
- 23.52%
- 3Y*
- 19.30%
- 5Y*
- 13.73%
- 10Y*
- 14.52%
SPXS.MI
- 1D
- 0.38%
- 1M
- 1.61%
- 6M
- 12.27%
- YTD
- 13.23%
- 1Y
- -98.76%
- 3Y*
- -74.25%
- 5Y*
- -54.62%
- 10Y*
- -27.60%
SXR8.DE vs. SPXS.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 13.10% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
SPXS.MI Invesco S&P 500 UCITS ETF | 13.23% | -98.95% | 33.86% | 22.52% | -14.49% | 41.21% | 7.76% | 34.77% | -0.95% | 1.55% |
Correlation
The correlation between SXR8.DE and SPXS.MI is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 20, 2010 | 0.66 |
Over the past year, SXR8.DE and SPXS.MI have become more correlated (0.98) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
SXR8.DE vs. SPXS.MI — Risk / Return Rank
SXR8.DE
SPXS.MI
SXR8.DE vs. SPXS.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) and Invesco S&P 500 UCITS ETF (SPXS.MI). 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.
| SXR8.DE | SPXS.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.52 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | -1.00 | +4.37 |
| Martin ratioReturn relative to average drawdown | 11.97 | -1.32 | +13.29 |
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Drawdowns
SXR8.DE vs. SPXS.MI - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, smaller than the maximum SPXS.MI drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and SPXS.MI.
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Drawdown Indicators
| SXR8.DE | SPXS.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -99.06% | +65.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -99.06% | +92.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -99.06% | +75.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -99.06% | +75.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -99.06% | +65.28% |
Current DrawdownCurrent decline from peak | -0.18% | -98.88% | +98.70% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -8.29% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 75.08% | -73.12% |
Volatility
SXR8.DE vs. SPXS.MI - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) and Invesco S&P 500 UCITS ETF (SPXS.MI) have volatilities of 2.75% and 2.89%, 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
| SXR8.DE | SPXS.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.89% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 8.03% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 99.61% | -87.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 46.68% | -31.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 48.44% | -32.37% |
SXR8.DE vs. SPXS.MI - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is higher than SPXS.MI's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXR8.DE vs. SPXS.MI - Dividend Comparison
Neither SXR8.DE nor SPXS.MI has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SXR8.DE and SPXS.MI 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.
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 0.07% for SXR8.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for SXR8.DE and 0.05% for SPXS.MI.
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