XDPP.L vs. SPLW.L
XDPP.L (Xtrackers S&P 500 UCITS ETF 4C) and SPLW.L (Invesco S&P 500 Low Volatility UCITS ETF Acc) are both S&P 500 funds - XDPP.L tracks the S&P 500 Index while SPLW.L tracks the S&P 500 Low Vol NTR Index. Both are passively managed. Over the past 3 years, XDPP.L returned 19.03%/yr vs 4.58%/yr for SPLW.L. At a 0.42 correlation, their price movements are largely independent. XDPP.L charges 0.06%/yr vs 0.25%/yr for SPLW.L.
Performance
XDPP.L vs. SPLW.L - Performance Comparison
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Different Trading Currencies
XDPP.L is traded in GBP, while SPLW.L is traded in USD. To make them comparable, the SPLW.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDPP.L achieves a 10.57% return, which is significantly higher than SPLW.L's 1.40% return.
XDPP.L
- 1D
- 0.00%
- 1M
- 5.50%
- YTD
- 10.57%
- 6M
- 10.48%
- 1Y
- 29.16%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
SPLW.L
- 1D
- -0.01%
- 1M
- -1.08%
- YTD
- 1.40%
- 6M
- 0.83%
- 1Y
- 1.38%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
XDPP.L vs. SPLW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDPP.L Xtrackers S&P 500 UCITS ETF 4C | 10.57% | 9.44% | 27.26% | 19.81% | 2.54% |
SPLW.L Invesco S&P 500 Low Volatility UCITS ETF Acc | 1.40% | -2.66% | 15.44% | -5.47% | 10.09% |
Correlation
The correlation between XDPP.L and SPLW.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.42 |
Over the past year, the correlation between XDPP.L and SPLW.L has dropped to 0.15 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
XDPP.L vs. SPLW.L — Risk / Return Rank
XDPP.L
SPLW.L
XDPP.L vs. SPLW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 UCITS ETF 4C (XDPP.L) and Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.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.
| XDPP.L | SPLW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.03 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 0.18 | +3.80 |
| Martin ratioReturn relative to average drawdown | 14.32 | 0.45 | +13.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDPP.L | SPLW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 0.12 | +2.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.43 | +0.82 |
Drawdowns
XDPP.L vs. SPLW.L - Drawdown Comparison
The maximum XDPP.L drawdown since its inception was -20.98%, which is greater than SPLW.L's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for XDPP.L and SPLW.L.
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Drawdown Indicators
| XDPP.L | SPLW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -14.28% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -7.56% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.98% | -10.82% | -10.16% |
Current DrawdownCurrent decline from peak | -0.24% | -7.04% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -5.84% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.03% | -1.00% |
Volatility
XDPP.L vs. SPLW.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 UCITS ETF 4C (XDPP.L) is 2.62%, while Invesco S&P 500 Low Volatility UCITS ETF Acc (SPLW.L) has a volatility of 3.98%. This indicates that XDPP.L experiences smaller price fluctuations and is considered to be less risky than SPLW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDPP.L | SPLW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.98% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 8.70% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.46% | 11.19% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.89% | 12.99% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 12.99% | +0.90% |
XDPP.L vs. SPLW.L - Expense Ratio Comparison
XDPP.L has a 0.06% expense ratio, which is lower than SPLW.L's 0.25% 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
XDPP.L vs. SPLW.L - Dividend Comparison
Neither XDPP.L nor SPLW.L has paid dividends to shareholders.
Frequently Asked Questions
XDPP.L and SPLW.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDPP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDPP.L is cheaper with a 0.06% expense ratio, compared with 0.25% for SPLW.L.
XDPP.L tracks S&P 500 Index, while SPLW.L tracks S&P 500 Low Vol NTR Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.06% for XDPP.L and 0.25% for SPLW.L.
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