VUSA.L vs. ACEIX

Last updated Jun 5, 2026

VUSA.L (Vanguard S&P 500 UCITS ETF) and ACEIX (Invesco Equity and Income Fund) are both funds - VUSA.L is a S&P 500 fund tracking the S&P 500 Index, while ACEIX is a Diversified Portfolio fund managed by Invesco. Over the past 10 years, VUSA.L returned 16.07%/yr vs 9.72%/yr for ACEIX. A 0.59 correlation means they provide meaningful diversification when combined. VUSA.L charges 0.07%/yr vs 0.78%/yr for ACEIX.

Performance

VUSA.L vs. ACEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard S&P 500 UCITS ETF (VUSA.L) and Invesco Equity and Income Fund (ACEIX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUSA.L is traded in GBP, while ACEIX is traded in USD. To make them comparable, the ACEIX values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUSA.L achieves a 10.52% return, which is significantly higher than ACEIX's 7.24% return. Over the past 10 years, VUSA.L has outperformed ACEIX with an annualized return of 16.07%, while ACEIX has yielded a comparatively lower 9.72% annualized return.

VUSA.L

• 1D: 0.03%
• 1M: 5.52%
• YTD: 10.52%
• 6M: 10.48%
• 1Y: 29.10%
• 3Y*: 19.01%
• 5Y*: 14.94%
• 10Y*: 16.07%

ACEIX

• 1D: 1.01%
• 1M: 1.87%
• YTD: 7.24%
• 6M: 7.02%
• 1Y: 20.07%
• 3Y*: 11.03%
• 5Y*: 8.30%
• 10Y*: 9.72%

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

VUSA.L vs. ACEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUSA.L Vanguard S&P 500 UCITS ETF	10.52%	9.39%	27.33%	19.81%	-9.02%	30.98%	13.66%	26.54%	-0.12%	10.71%
ACEIX Invesco Equity and Income Fund	7.24%	4.81%	13.72%	4.58%	3.22%	19.13%	6.73%	14.63%	-4.39%	1.27%

Correlation

The correlation between VUSA.L and ACEIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 24, 2012	0.59

The correlation between VUSA.L and ACEIX shifts across timeframes, from 0.42 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VUSA.L vs. ACEIX — Risk / Return Rank

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

VUSA.L

VUSA.L Risk / Return Rank: 82
VUSA.L Sharpe Ratio Rank: 84
VUSA.L Sortino Ratio Rank: 83
VUSA.L Omega Ratio Rank: 85
VUSA.L Calmar Ratio Rank: 80
VUSA.L Martin Ratio Rank: 78

ACEIX

ACEIX Risk / Return Rank: 71
ACEIX Sharpe Ratio Rank: 67
ACEIX Sortino Ratio Rank: 68
ACEIX Omega Ratio Rank: 64
ACEIX Calmar Ratio Rank: 78
ACEIX Martin Ratio Rank: 79

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.

VUSA.L vs. ACEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.L) and Invesco Equity and Income Fund (ACEIX). 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.

	VUSA.L	ACEIX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.33	+0.41
Sortino ratio: Return per unit of downside risk	3.68	3.17	+0.50
Omega ratio: Gain probability vs. loss probability	1.51	1.42	+0.09
Calmar ratio: Return relative to maximum drawdown	4.08	4.64	-0.57
Martin ratio: Return relative to average drawdown	15.02	15.11	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUSA.L vs. ACEIX - Sharpe Ratio Comparison

The current VUSA.L Sharpe Ratio is 2.74, which is comparable to the ACEIX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of VUSA.L and ACEIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VUSA.L	ACEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.33	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.76	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	0.72	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.67	+0.39

Drawdowns

VUSA.L vs. ACEIX - Drawdown Comparison

The maximum VUSA.L drawdown since its inception was -25.47%, which is greater than ACEIX's maximum drawdown of -21.79%. Use the drawdown chart below to compare losses from any high point for VUSA.L and ACEIX.

Drawdown Indicators

	VUSA.L	ACEIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.47%	-21.79%	-3.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-4.29%	-2.82%
Max Drawdown (3Y) Largest decline over 3 years	-20.94%	-17.49%	-3.45%
Max Drawdown (5Y) Largest decline over 5 years	-20.94%	-17.49%	-3.45%
Max Drawdown (10Y) Largest decline over 10 years	-25.47%	-21.79%	-3.68%
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-3.19%	-3.97%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.31%	+0.62%

Volatility

VUSA.L vs. ACEIX - Volatility Comparison

Vanguard S&P 500 UCITS ETF (VUSA.L) has a higher volatility of 2.63% compared to Invesco Equity and Income Fund (ACEIX) at 2.45%. This indicates that VUSA.L's price experiences larger fluctuations and is considered to be riskier than ACEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUSA.L	ACEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	2.45%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	6.45%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	8.55%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	11.03%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	13.56%	+2.08%

VUSA.L vs. ACEIX - Expense Ratio Comparison

VUSA.L has a 0.07% expense ratio, which is lower than ACEIX's 0.78% expense ratio.

Dividends

VUSA.L vs. ACEIX - Dividend Comparison

VUSA.L's dividend yield for the trailing twelve months is around 0.87%, less than ACEIX's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACEIX Invesco Equity and Income Fund	6.46%	6.87%	8.28%	6.91%	6.65%	13.74%	2.94%	5.53%	8.91%	6.73%	3.94%	5.17%
VUSA.L Vanguard S&P 500 UCITS ETF	0.87%	0.95%	1.00%	1.24%	1.41%	1.04%	1.44%	1.50%	1.72%	1.61%	1.58%	1.73%

Frequently Asked Questions

Can I hold both VUSA.L and ACEIX in my portfolio?

VUSA.L and ACEIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.