500G.L vs. XDWE.L
500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - 500G.L tracks the S&P 500 while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, 500G.L returned 12.62%/yr vs 12.34%/yr for XDWE.L. A 0.71 correlation means they provide meaningful diversification when combined. 500G.L charges 0.15%/yr vs 0.20%/yr for XDWE.L.
Performance
500G.L vs. XDWE.L - Performance Comparison
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Returns By Period
In the year-to-date period, 500G.L achieves a 10.65% return, which is significantly lower than XDWE.L's 12.77% return. Both investments have delivered pretty close results over the past 10 years, with 500G.L having a 12.62% annualized return and XDWE.L not far behind at 12.34%.
500G.L
- 1D
- 0.00%
- 1M
- 0.96%
- YTD
- 10.65%
- 6M
- 10.84%
- 1Y
- 27.29%
- 3Y*
- 19.60%
- 5Y*
- 14.33%
- 10Y*
- 12.62%
XDWE.L
- 1D
- 0.08%
- 1M
- 4.41%
- YTD
- 12.77%
- 6M
- 13.15%
- 1Y
- 24.09%
- 3Y*
- 13.57%
- 5Y*
- 9.66%
- 10Y*
- 12.34%
500G.L vs. XDWE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.65% | 9.44% | 27.44% | 19.89% | -8.86% | 31.35% | 13.81% | 27.01% | -25.34% | 21.51% |
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 12.77% | 3.94% | 14.06% | 7.78% | -1.34% | 31.37% | 7.89% | 23.88% | -3.60% | 7.83% |
Correlation
The correlation between 500G.L and XDWE.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2014 | 0.71 |
The correlation between 500G.L and XDWE.L shifts across timeframes, from 0.68 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
500G.L vs. XDWE.L — Risk / Return Rank
500G.L
XDWE.L
500G.L vs. XDWE.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.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 | XDWE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.46 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 4.25 | -3.30 |
| Martin ratioReturn relative to average drawdown | 1.44 | 13.62 | -12.17 |
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Drawdowns
500G.L vs. XDWE.L - Drawdown Comparison
The maximum 500G.L drawdown since its inception was -35.39%, smaller than the maximum XDWE.L drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for 500G.L and XDWE.L.
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Drawdown Indicators
| 500G.L | XDWE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.39% | -98.55% | +63.16% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -5.64% | -22.97% |
Max Drawdown (3Y)Largest decline over 3 years | -28.61% | -19.89% | -8.72% |
Max Drawdown (5Y)Largest decline over 5 years | -28.61% | -19.89% | -8.72% |
Max Drawdown (10Y)Largest decline over 10 years | -35.39% | -31.08% | -4.31% |
Current DrawdownCurrent decline from peak | -16.38% | 0.00% | -16.38% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -4.84% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 1.77% | +17.15% |
Volatility
500G.L vs. XDWE.L - Volatility Comparison
Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) has a higher volatility of 3.59% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.21%. This indicates that 500G.L's price experiences larger fluctuations and is considered to be riskier than XDWE.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 | XDWE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.21% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 6.60% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.61% | 9.70% | +33.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 19.53% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.09% | 18.63% | +3.46% |
500G.L vs. XDWE.L - Expense Ratio Comparison
500G.L has a 0.15% expense ratio, which is lower than XDWE.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. XDWE.L - Dividend Comparison
Neither 500G.L nor XDWE.L has paid dividends to shareholders.
Frequently Asked Questions
500G.L and XDWE.L have a correlation of 0.68, 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 XDWE.L.
500G.L tracks S&P 500, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.15% for 500G.L and 0.20% for XDWE.L.
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