XDPG.L vs. SPXE.L
XDPG.L (Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged) and SPXE.L (Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc)) are both S&P 500 funds - XDPG.L tracks the S&P 500 GBP Hedged while SPXE.L tracks the S&P 500 Scored & Screened Index. Both are passively managed. Over the past 5 years, XDPG.L returned 11.48%/yr vs 13.98%/yr for SPXE.L. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.09% expense ratio.
Performance
XDPG.L vs. SPXE.L - Performance Comparison
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Different Trading Currencies
XDPG.L is traded in GBp, while SPXE.L is traded in USD. To make them comparable, the SPXE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XDPG.L having a 8.53% return and SPXE.L slightly higher at 8.63%.
XDPG.L
- 1D
- -1.21%
- 1M
- -0.51%
- 6M
- 7.58%
- YTD
- 8.53%
- 1Y
- 19.27%
- 3Y*
- 18.73%
- 5Y*
- 11.48%
- 10Y*
- 13.16%
SPXE.L
- 1D
- -1.07%
- 1M
- -2.67%
- 6M
- 7.06%
- YTD
- 8.63%
- 1Y
- 21.84%
- 3Y*
- 17.92%
- 5Y*
- 13.98%
- 10Y*
- —
XDPG.L vs. SPXE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDPG.L Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged | 8.53% | 16.95% | 24.90% | 24.82% | -20.73% | 28.87% | 32.07% |
SPXE.L Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) | 8.63% | 9.57% | 26.72% | 21.98% | -8.25% | 33.54% | 21.11% |
Correlation
The correlation between XDPG.L and SPXE.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2020 | 0.80 |
The correlation between XDPG.L and SPXE.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
XDPG.L vs. SPXE.L — Risk / Return Rank
XDPG.L
SPXE.L
XDPG.L vs. SPXE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged (XDPG.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.
| XDPG.L | SPXE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 3.21 | -0.90 |
| Martin ratioReturn relative to average drawdown | 9.32 | 11.49 | -2.18 |
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Drawdowns
XDPG.L vs. SPXE.L - Drawdown Comparison
The maximum XDPG.L drawdown since its inception was -35.91%, which is greater than SPXE.L's maximum drawdown of -21.81%. Use the drawdown chart below to compare losses from any high point for XDPG.L and SPXE.L.
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Drawdown Indicators
| XDPG.L | SPXE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -21.81% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -6.78% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.07% | -21.81% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.62% | -21.81% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | — | — |
Current DrawdownCurrent decline from peak | -1.78% | -2.89% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -3.35% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.90% | +0.16% |
Volatility
XDPG.L vs. SPXE.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged (XDPG.L) is 2.99%, while Invesco S&P 500 Scored & Screened UCITS ETF USD (Acc) (SPXE.L) has a volatility of 3.26%. This indicates that XDPG.L experiences smaller price fluctuations and is considered to be less risky than SPXE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDPG.L | SPXE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 3.26% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 9.35% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 12.18% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 15.66% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 18.23% | -1.68% |
XDPG.L vs. SPXE.L - Expense Ratio Comparison
Both XDPG.L and SPXE.L have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XDPG.L vs. SPXE.L - Dividend Comparison
Neither XDPG.L nor SPXE.L has paid dividends to shareholders.
Frequently Asked Questions
XDPG.L and SPXE.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.09% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDPG.L and SPXE.L have the same expense ratio: 0.09% per year.
XDPG.L tracks S&P 500 GBP Hedged, while SPXE.L tracks S&P 500 Scored & Screened Index. They also come from different issuers: Xtrackers and Invesco.
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