Invesco S&P 500 UCITS ETF (SPXS.MI) Stock | SPXS.MI Stock Price & Analysis

SPXS.MI

Invesco S&P 500 UCITS ETF SPXS.MI · MIL

13.68 € -1.58% (-0.22 €)

Summary

Invesco S&P 500 UCITS ETF is an ETF - a fund traded on an exchange like a stock - run by Invesco. Positions inside: 503. The ten largest make up 38% of the fund.

Yearly costs: 0.05%
Fund size: 51.7B €
Positions: 503
Dividends: Reinvested
Running since: 2010

What speaks for it

Costs of 0.05% a year are below the middle of comparable funds (0.43%).
A large fund with 51.7B € under management.
It has been running since 2010.

What to watch

40% of the fund is in one sector (Technology).
98% of the fund is in one country (United States).

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +0.3%
3 months: +5.6%
This year: +17%
1 year: +16%
3 years: +77%
5 years: +83%
10 years: -96%

Avg. market cap: $2.41T
P/E: 25.4x
Forward P/E: 23.4x
P/S: 5.9x
P/B: 7.0x
P/FCF: 35.6x
EV/EBITDA: 19.4x
Dividend yield: 0.68%
ROIC: 27.7%
ROE: 58.9%
Gross margin: 59.1%
Operating margin: 34.4%
Net margin: 32.3%
Payout ratio: 17.3%
Net debt/EBITDA: 0.6x
Beta: 0.87

Weighted average of the 50 largest companies, which make up 64% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Moderately concentrated

1
NV
Nvidia NVDA 8.0%
2
AA
Apple AAPL 7.5%
3
MS
Microsoft MSFT 5.6%
4
AM
Amazon AMZN 3.7%
5
GO
Alphabet GOOGL 3.1%
6
GO
Alphabet GOOG 2.5%
7
AV
Broadcom AVGO 2.5%
8
ME
Meta META 2.3%
9
MU
Micron MU 1.6%
10
TS
Tesla TSLA 1.6%

Positions in the fund: 503. The ten largest make up 38% of it.

Composition as of Oct 31, 2026.

Where is it spread?

One sector dominates

By sector

Technology 40%
Financials 11%
Communication services 10.0%
Healthcare 9.3%
Consumer cyclical 8.7%
Other 20%

By country

United States 98%
Ireland 1.1%
United Kingdom 0.3%
Switzerland 0.3%
Other countries 0.6%

By company size

Mega cap 65%
Large cap 35%
Mid cap 0.2%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest sector: Technology (40%). Largest country: United States (98%). Largest size group: Mega cap (65%).

What does it cost me?

Cheap

This fund 0.05%

Middle of comparable ETFs 0.43%

A year from 10,000 €: 5.00 €
Over 20 years: 252 €

From every 10,000 € invested the fund takes 5.00 € a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about 252 €.

How has it done?

Losing value

+41%

-14%

+23%

+34%

+4.5%

20212022202320242025

A year on average, 10 years: -28%
Deepest drop: -23%
Yearly volatility: 11%

Average yearly decline over the last ten years: 28%. Deepest drop in these years: 23% below the earlier high.

Does it pay dividends?

No, it reinvests

The fund pays nothing out. What its holdings earn stays inside and shows in the price.

Is it easy to buy and sell?

Yes

Traded a day: 2.90M €
Shares a day: 212K

On an average day about 2.90M € of the fund changes hands.

How expensive are the companies inside?

Rather expensive

P/E of the companies inside: 25.4
Average Bulios Score: 72 out of 100

Weight by Bulios Fair Price

Undervalued 5.9%
Fairly valued 11%
Overvalued 83%

On average the companies inside trade for 25.4 times their yearly profit. By Fair Price, 83% of the rated weight comes out as overvalued.

Counted from its largest companies (50), which make up 64% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
P5 P500.DE Invesco S&P 500 UCITS ETF	Ireland	0.05%	$58.3B	-99%	Reinvests	100%
E5 E500.DE Invesco S&P 500 UCITS ETF	Ireland	0.05%	$57.9B	+9.3%	Reinvests	100%
SP SPXD.SW Invesco S&P 500 UCITS ETF	Ireland	0.05%	$58.1B	+11%	Pays out	100%
D5 D500.DE Invesco S&P 500 UCITS ETF	Ireland	0.05%	$58.3B	+15%	Pays out	100%
D5 D500.SG Invesco S&P 500 UCITS ETF	Ireland	0.05%	$58.2B	+14%	Pays out	100%
P5 P500.SG Invesco S&P 500 UCITS ETF	Ireland	0.05%	$58.1B	-99%	Reinvests	100%

About the fund

The Invesco S&P 500 UCITS ETF Acc aims to replicate the S&P 500 Index's net total return, after accounting for its own charges. This benchmark index encompasses approximately 500 major US corporations, covering about 80% of the total US stock market valuation. The fund achieves its objective by investing in a portfolio of stocks, which typically generates the majority of its returns, though these holdings are generally not identical to the constituents of the S&P 500. Additionally, the fund utilizes unfunded swaps, which are agreements with approved financial institutions to exchange the difference between the returns of its equity basket and the index. This hybrid strategy is designed to provide more accurate and consistent tracking of the index compared to relying solely on direct physical stock ownership. While the ETF targets the net total return index, its swaps reference the gross total return index. As the swap fees are calculated based on this gross return, the ETF's performance is often expected to surpass that of the net return index. Furthermore, the fund's Manager may receive an annual payment, up to 0.035% of the swap's notional value, from the swap counterparties to help cover some of the fund's expenses. This fee contribution does not impact the fund's Net Asset Value and does not impose any additional costs on investors. This ETF is managed passively. An investment in this fund represents the acquisition of units in a passively managed, index-tracking vehicle, rather than direct ownership of its underlying assets.

Issuer: Invesco
Asset class: Equity
Domicile: Ireland
Launched: May 20, 2010
Net asset value per share: 13.74 €

Fund page at the issuer

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