Invesco S&P 500 UCITS ETF (Acc) - SPXP

Freetrade have a nice article on stock indices, but don’t offer acc and dist ETFs that track all of them. Let’s change that by voting!

(My picks are based purely on being at least 3 years old and having the lowest OFC in their category; this naturally tends to equate to the best 5 year performance, or at least in the top 3: performance is also affected by tracking error of the ETF in question, so Freetrade could equally go with the ETF that has the highest 5 year performance, or some balance of past performance and low OFC.)

S&P 500
Acc: Invesco S&P 500 UCITS ETF SPXP 0.05%
Dist: VUSA is already offered, which has the lowest dist OFC in the category (0.07%) and top 3 performance. I’m not sure why there is also IUSA, which is like VUSA, but a bit worse.

(Acc ETFs naturally tend to have better 5 year performance that dist, which is why I think they should definitely be offered across the board. That and the fact Freetrade doesn’t offer DRIP to automatically reinvest dividends from dist ETFs.)

1 Like

Congrats, it’s in app! The only thing left is to find 600£ for one stock!

Is it possible to buy a share in this in increments or instalments via the app? I don’t seem to be able to find the facility.

1 Like

You cannot buy ETFs in fractions if that’s your question.


There are lower priced ETF shares that are following the same S&P 500 index and are also Accumulating like SPXP, so would be similar to buying SPXP in smaller increments/fractions with equivalent performance.

They are:
VUAG - Vanguard
CSP1 - iShares


Also SPXP do not buy shares, they Replication Synthetic (Unfunded swap)

VUAG and CSP1 have a higher expense ratio (0.07 %) than SPXP (0.05%) and correspondingly SPXP performance has been better over the time it has been in existence.

1 Like

Am I missing something with this ETF
The last 12m shows a 1.2% gain yet the sp500 is actually down 18% since October last year

Have you taken into account the impact of how the pound has changed against the dollar over the last 12 months?


Is this like the og of the Snp500? And all the other cheaper ones are the off brand trackers? Or

Vuag is the one I’m with as I never seen this one until now :smiley:

While this is cheaper, and it would be the one I’d buy, it’s worth noting that SPXP uses swap-based replication rather than full physical replication of the index as VUAG does.

It’s also has a high unit price, so it’s not the most accessible unless you have thousands to invest.

1 Like

are there any risks with using swap-based ETFs lik SPXP ?

Synthetic ETFs carry an additional counterparty risk. More details can be found below. I’d say the risk is minimal but if it bothers you, it’s only 0.02% more for physical replication anyway.


SPXL is now cheaper than this ETF (SPXP)