XDPU.L vs. SPXP.L
XDPU.L (Xtrackers S&P 500 UCITS ETF 4C) and SPXP.L (Invesco S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from Xtrackers and Invesco respectively. Both are passively managed. Over the past 3 years, XDPU.L returned 18.41%/yr vs -74.37%/yr for SPXP.L. Their correlation of 0.92 means they have usually moved in the same direction. XDPU.L charges 0.03%/yr vs 0.05%/yr for SPXP.L.
Performance
XDPU.L vs. SPXP.L - Performance Comparison
Loading charts...
Different Trading Currencies
XDPU.L is traded in USD, while SPXP.L is traded in GBp. To make them comparable, the SPXP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDPU.L achieves a 7.55% return, which is significantly lower than SPXP.L's 8.46% return.
XDPU.L
- 1D
- -0.87%
- 1M
- -0.03%
- 6M
- 6.03%
- YTD
- 7.55%
- 1Y
- 16.44%
- 3Y*
- 18.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.47%
SPXP.L
- 1D
- 0.55%
- 1M
- 1.00%
- 6M
- 6.45%
- YTD
- 8.46%
- 1Y
- -98.82%
- 3Y*
- -74.37%
- 5Y*
- -55.23%
- 10Y*
- -27.51%
- ALL TIME*
- -22.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.91M | $4.29M | $4.77M | |
| $384.88K | $1.17M | $724.46K |
XDPU.L vs. SPXP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XDPU.L Xtrackers S&P 500 UCITS ETF 4C | 7.55% | 17.36% | 25.28% | 26.77% | -6.22% |
SPXP.L Invesco S&P 500 UCITS ETF | 8.46% | -98.82% | 25.46% | 26.40% | -6.01% |
Correlation
The correlation between XDPU.L and SPXP.L is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022 | 0.92 |
The correlation between XDPU.L and SPXP.L has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XDPU.L vs. SPXP.L — Risk / Return Rank
XDPU.L
SPXP.L
XDPU.L vs. SPXP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 UCITS ETF 4C (XDPU.L) and Invesco S&P 500 UCITS ETF (SPXP.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.
| XDPU.L | SPXP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.50 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -1.00 | +3.03 |
| Martin ratioReturn relative to average drawdown | 8.09 | -1.20 | +9.29 |
Loading charts...
Drawdowns
XDPU.L vs. SPXP.L - Drawdown Comparison
The maximum XDPU.L drawdown since its inception was -18.25%, smaller than the maximum SPXP.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for XDPU.L and SPXP.L.
Loading charts...
Drawdown Indicators
| XDPU.L | SPXP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -99.07% | +80.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -99.07% | +90.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | -99.07% | +80.82% |
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 | -3.08% | -98.91% | +95.83% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -9.67% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 82.48% | -80.41% |
Volatility
XDPU.L vs. SPXP.L - Volatility Comparison
Xtrackers S&P 500 UCITS ETF 4C (XDPU.L) and Invesco S&P 500 UCITS ETF (SPXP.L) have volatilities of 3.39% and 3.32%, 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.
Loading charts...
Volatility by Period
| XDPU.L | SPXP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.32% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.46% | 8.77% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 99.37% | -87.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 46.97% | -31.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 35.21% | -19.99% |
XDPU.L vs. SPXP.L - Expense Ratio Comparison
XDPU.L has a 0.03% expense ratio, which is lower than SPXP.L's 0.05% 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
XDPU.L vs. SPXP.L - Dividend Comparison
Neither XDPU.L nor SPXP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XDPU.L and SPXP.L 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, XDPU.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDPU.L is cheaper with a 0.03% expense ratio, compared with 0.05% for SPXP.L.
Both ETFs track S&P 500 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.03% for XDPU.L and 0.05% for SPXP.L.
Find the right allocation for XDPU.L and SPXP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer