500D.L vs. IUES.L

Last updated Jun 5, 2026

500D.L (Amundi S&P 500 Swap UCITS ETF USD Dist) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - 500D.L is a S&P 500 fund tracking the S&P 500 Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, 500D.L returned 22.22%/yr vs 16.84%/yr for IUES.L. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

500D.L vs. IUES.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 500D.L achieves a 10.40% return, which is significantly lower than IUES.L's 30.45% return.

500D.L

• 1D: -0.02%
• 1M: 4.48%
• YTD: 10.40%
• 6M: 11.15%
• 1Y: 27.93%
• 3Y*: 22.22%
• 5Y*: —
• 10Y*: —

IUES.L

• 1D: -0.36%
• 1M: -1.09%
• YTD: 30.45%
• 6M: 29.22%
• 1Y: 46.28%
• 3Y*: 16.84%
• 5Y*: 20.33%
• 10Y*: 9.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

500D.L vs. IUES.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
500D.L Amundi S&P 500 Swap UCITS ETF USD Dist	10.40%	17.37%	25.36%	26.84%	-18.54%	1.87%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	30.45%	9.82%	3.87%	-0.63%	63.84%	-3.20%

Correlation

The correlation between 500D.L and IUES.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.28

The correlation between 500D.L and IUES.L shifts across timeframes, from -0.12 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

500D.L vs. IUES.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

500D.L

500D.L Risk / Return Rank: 76
500D.L Sharpe Ratio Rank: 76
500D.L Sortino Ratio Rank: 80
500D.L Omega Ratio Rank: 76
500D.L Calmar Ratio Rank: 68
500D.L Martin Ratio Rank: 77

IUES.L

IUES.L Risk / Return Rank: 60
IUES.L Sharpe Ratio Rank: 65
IUES.L Sortino Ratio Rank: 56
IUES.L Omega Ratio Rank: 59
IUES.L Calmar Ratio Rank: 65
IUES.L Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

500D.L vs. IUES.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.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.

	500D.L	IUES.L	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.12	+0.31
Sortino ratio: Return per unit of downside risk	3.53	2.64	+0.89
Omega ratio: Gain probability vs. loss probability	1.44	1.35	+0.09
Calmar ratio: Return relative to maximum drawdown	3.33	3.18	+0.15
Martin ratio: Return relative to average drawdown	14.61	9.97	+4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

500D.L vs. IUES.L - Sharpe Ratio Comparison

The current 500D.L Sharpe Ratio is 2.42, which is comparable to the IUES.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of 500D.L and IUES.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	500D.L	IUES.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.12	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.31	+0.46

Drawdowns

500D.L vs. IUES.L - Drawdown Comparison

The maximum 500D.L drawdown since its inception was -24.21%, smaller than the maximum IUES.L drawdown of -66.78%. Use the drawdown chart below to compare losses from any high point for 500D.L and IUES.L.

Drawdown Indicators

	500D.L	IUES.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-66.78%	+42.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-14.49%	+6.14%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-20.90%	+1.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.78%	—
Current Drawdown Current decline from peak	-0.52%	-7.45%	+6.93%
Average Drawdown Average peak-to-trough decline	-6.09%	-14.21%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	4.63%	-2.72%

Volatility

500D.L vs. IUES.L - Volatility Comparison

The current volatility for Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) is 3.20%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 8.13%. This indicates that 500D.L experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	500D.L	IUES.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	8.13%	-4.93%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	18.58%	-10.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	21.81%	-10.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	26.72%	-10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	28.49%	-12.10%

500D.L vs. IUES.L - Expense Ratio Comparison

Both 500D.L and IUES.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

500D.L vs. IUES.L - Dividend Comparison

500D.L's dividend yield for the trailing twelve months is around 0.82%, while IUES.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
500D.L Amundi S&P 500 Swap UCITS ETF USD Dist	0.82%	0.90%	1.17%	0.93%	1.44%
IUES.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 500D.L and IUES.L in my portfolio?

500D.L and IUES.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 500D.L or IUES.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 500D.L or IUES.L?

500D.L and IUES.L have the same expense ratio: 0.15% per year.

What is the main difference between 500D.L and IUES.L?

500D.L is categorized as S&P 500, while IUES.L is Energy Equities. 500D.L tracks S&P 500 Index, while IUES.L tracks MSCI World/Energy NR USD. They also come from different issuers: Amundi and iShares.