WNDY.L vs. SPXS.L
WNDY.L (Global X Wind Energy UCITS ETF USD Acc) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - WNDY.L tracks the Global X Wind Energy UCITS ETF USD Acc while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 3 years, WNDY.L returned -1.37%/yr vs -74.11%/yr for SPXS.L. At a 0.44 correlation, their price movements are largely independent. WNDY.L charges 0.50%/yr vs 0.05%/yr for SPXS.L.
Performance
WNDY.L vs. SPXS.L - Performance Comparison
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Returns By Period
In the year-to-date period, WNDY.L achieves a 1.27% return, which is significantly lower than SPXS.L's 10.20% return.
WNDY.L
- 1D
- -0.25%
- 1M
- -8.64%
- 6M
- -5.98%
- YTD
- 1.27%
- 1Y
- 16.65%
- 3Y*
- -1.37%
- 5Y*
- —
- 10Y*
- —
SPXS.L
- 1D
- -0.12%
- 1M
- -0.05%
- 6M
- 9.96%
- YTD
- 10.20%
- 1Y
- -98.78%
- 3Y*
- -74.11%
- 5Y*
- -54.94%
- 10Y*
- -27.39%
WNDY.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WNDY.L Global X Wind Energy UCITS ETF USD Acc | 1.27% | 32.58% | -20.21% | -19.30% | -12.05% |
SPXS.L Invesco S&P 500 UCITS ETF | 10.20% | -98.82% | 25.56% | 27.00% | -13.65% |
Correlation
The correlation between WNDY.L and SPXS.L 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 | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.44 |
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Return for Risk
WNDY.L vs. SPXS.L — Risk / Return Rank
WNDY.L
SPXS.L
WNDY.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Wind Energy UCITS ETF USD Acc (WNDY.L) and Invesco S&P 500 UCITS ETF (SPXS.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.
| WNDY.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.52 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -1.00 | +1.78 |
| Martin ratioReturn relative to average drawdown | 2.59 | -1.23 | +3.81 |
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Drawdowns
WNDY.L vs. SPXS.L - Drawdown Comparison
The maximum WNDY.L drawdown since its inception was -52.51%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for WNDY.L and SPXS.L.
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Drawdown Indicators
| WNDY.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -99.07% | +46.56% |
Max Drawdown (1Y)Largest decline over 1 year | -21.77% | -99.07% | +77.30% |
Max Drawdown (3Y)Largest decline over 3 years | -35.99% | -99.07% | +63.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -29.07% | -98.90% | +69.83% |
Average DrawdownAverage peak-to-trough decline | -30.23% | -7.67% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 80.57% | -74.01% |
Volatility
WNDY.L vs. SPXS.L - Volatility Comparison
Global X Wind Energy UCITS ETF USD Acc (WNDY.L) has a higher volatility of 8.27% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.73%. This indicates that WNDY.L's price experiences larger fluctuations and is considered to be riskier than SPXS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WNDY.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 2.73% | +5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 9.24% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 99.43% | -77.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 47.13% | -24.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 35.27% | -12.19% |
WNDY.L vs. SPXS.L - Expense Ratio Comparison
WNDY.L has a 0.50% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
WNDY.L vs. SPXS.L - Dividend Comparison
Neither WNDY.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
WNDY.L and SPXS.L 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.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for WNDY.L.
WNDY.L tracks Global X Wind Energy UCITS ETF USD Acc, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.50% for WNDY.L and 0.05% for SPXS.L.
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