500D.L vs. SPXD.L

Last updated Jun 5, 2026

500D.L (Amundi S&P 500 Swap UCITS ETF USD Dist) and SPXD.L (Invesco S&P 500 UCITS ETF Dist) are both S&P 500 funds tracking the S&P 500 Index, from Amundi and Invesco respectively. Both are passively managed. Over the past 3 years, 500D.L returned 22.22%/yr vs 22.39%/yr for SPXD.L. With a 0.99 correlation, they move nearly in lockstep. 500D.L charges 0.15%/yr vs 0.05%/yr for SPXD.L.

Performance

500D.L vs. SPXD.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 Invesco S&P 500 UCITS ETF Dist (SPXD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with 500D.L having a 10.40% return and SPXD.L slightly higher at 10.44%.

500D.L

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

SPXD.L

• 1D: -0.02%
• 1M: 4.50%
• YTD: 10.44%
• 6M: 11.25%
• 1Y: 27.99%
• 3Y*: 22.39%
• 5Y*: 13.92%
• 10Y*: —

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

500D.L vs. SPXD.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%
SPXD.L Invesco S&P 500 UCITS ETF Dist	10.44%	17.53%	25.57%	26.91%	-18.50%	1.92%

Correlation

The correlation between 500D.L and SPXD.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.99

The correlation between 500D.L and SPXD.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

500D.L vs. SPXD.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

SPXD.L

SPXD.L Risk / Return Rank: 75
SPXD.L Sharpe Ratio Rank: 75
SPXD.L Sortino Ratio Rank: 79
SPXD.L Omega Ratio Rank: 75
SPXD.L Calmar Ratio Rank: 67
SPXD.L Martin Ratio Rank: 77

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. SPXD.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 Invesco S&P 500 UCITS ETF Dist (SPXD.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	SPXD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.41	+0.01
Sortino ratio: Return per unit of downside risk	3.53	3.50	+0.02
Omega ratio: Gain probability vs. loss probability	1.44	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	3.33	3.31	+0.02
Martin ratio: Return relative to average drawdown	14.61	14.56	+0.06
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. SPXD.L - Sharpe Ratio Comparison

The current 500D.L Sharpe Ratio is 2.42, which is comparable to the SPXD.L Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of 500D.L and SPXD.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	SPXD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.41	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.93	-0.16

Drawdowns

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

The maximum 500D.L drawdown since its inception was -24.21%, smaller than the maximum SPXD.L drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for 500D.L and SPXD.L.

Drawdown Indicators

	500D.L	SPXD.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-33.98%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-8.35%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-18.29%	-0.68%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.17%	—
Current Drawdown Current decline from peak	-0.52%	-0.51%	-0.01%
Average Drawdown Average peak-to-trough decline	-6.09%	-5.06%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.91%	0.00%

Volatility

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

Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) and Invesco S&P 500 UCITS ETF Dist (SPXD.L) have volatilities of 3.20% and 3.10%, 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.

Volatility by Period

	500D.L	SPXD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.10%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	8.44%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	11.46%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	15.83%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	17.70%	-1.31%

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

500D.L has a 0.15% expense ratio, which is higher than SPXD.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

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

500D.L's dividend yield for the trailing twelve months is around 0.82%, less than SPXD.L's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
500D.L Amundi S&P 500 Swap UCITS ETF USD Dist	0.82%	0.90%	1.17%	0.93%	1.44%	0.00%	0.00%	0.00%
SPXD.L Invesco S&P 500 UCITS ETF Dist	1.08%	1.16%	1.31%	1.51%	1.68%	1.30%	1.55%	1.87%

Frequently Asked Questions

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

With a correlation of 0.99, 500D.L and SPXD.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.

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

On fees, SPXD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SPXD.L is cheaper with a 0.05% expense ratio, compared with 0.15% for 500D.L.

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

Both ETFs track S&P 500 Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.15% for 500D.L and 0.05% for SPXD.L.