500G.L vs. EWSP.L
500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both S&P 500 funds - 500G.L tracks the S&P 500 while EWSP.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, 500G.L returned 18.73%/yr vs 12.19%/yr for EWSP.L. A 0.78 correlation means they provide meaningful diversification when combined. 500G.L charges 0.15%/yr vs 0.20%/yr for EWSP.L.
Performance
500G.L vs. EWSP.L - Performance Comparison
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Different Trading Currencies
500G.L is traded in GBp, while EWSP.L is traded in GBP. To make them comparable, the EWSP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500G.L achieves a 10.15% return, which is significantly lower than EWSP.L's 11.78% return.
500G.L
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 8.61%
- YTD
- 10.15%
- 1Y
- 20.88%
- 3Y*
- 18.73%
- 5Y*
- 13.65%
- 10Y*
- 11.67%
EWSP.L
- 1D
- -0.17%
- 1M
- 0.70%
- 6M
- 7.82%
- YTD
- 11.78%
- 1Y
- 17.92%
- 3Y*
- 12.19%
- 5Y*
- —
- 10Y*
- —
500G.L vs. EWSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.15% | 9.44% | 27.44% | 19.89% | -4.87% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 11.78% | 4.02% | 13.96% | 7.79% | -18.92% |
Correlation
The correlation between 500G.L and EWSP.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.78 |
The correlation between 500G.L and EWSP.L shifts across timeframes, from 0.65 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
500G.L vs. EWSP.L — Risk / Return Rank
500G.L
EWSP.L
500G.L vs. EWSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) and iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.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.
| 500G.L | EWSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 3.16 | -2.43 |
| Martin ratioReturn relative to average drawdown | 1.08 | 10.02 | -8.95 |
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Drawdowns
500G.L vs. EWSP.L - Drawdown Comparison
The maximum 500G.L drawdown since its inception was -35.39%, which is greater than EWSP.L's maximum drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for 500G.L and EWSP.L.
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Drawdown Indicators
| 500G.L | EWSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -22.80% | -12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -5.65% | -22.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.61% | -20.12% | -8.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | — | — |
Current DrawdownCurrent decline from peak | -16.77% | -1.36% | -15.41% |
Average DrawdownAverage peak-to-trough decline | -6.21% | -10.31% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.39% | 1.78% | +17.61% |
Volatility
500G.L vs. EWSP.L - Volatility Comparison
Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) has a higher volatility of 3.01% compared to iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) at 2.83%. This indicates that 500G.L's price experiences larger fluctuations and is considered to be riskier than EWSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500G.L | EWSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 2.83% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 6.71% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.62% | 9.63% | +33.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 22.05% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 22.05% | +0.02% |
500G.L vs. EWSP.L - Expense Ratio Comparison
500G.L has a 0.15% expense ratio, which is lower than EWSP.L's 0.20% 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
500G.L vs. EWSP.L - Dividend Comparison
Neither 500G.L nor EWSP.L has paid dividends to shareholders.
Frequently Asked Questions
500G.L and EWSP.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 500G.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
500G.L is cheaper with a 0.15% expense ratio, compared with 0.20% for EWSP.L.
500G.L tracks S&P 500, while EWSP.L tracks S&P 500 Equal Weight Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for 500G.L and 0.20% for EWSP.L.
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