500P.L vs. EWSP.L
500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and EWSP.L (iShares S&P 500 Equal Weight UCITS ETF USD (Acc)) are both S&P 500 funds - 500P.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while EWSP.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, 500P.L returned 18.29%/yr vs 12.55%/yr for EWSP.L. A 0.76 correlation means they provide meaningful diversification when combined. 500P.L charges 0.07%/yr vs 0.20%/yr for EWSP.L.
Performance
500P.L vs. EWSP.L - Performance Comparison
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Returns By Period
In the year-to-date period, 500P.L achieves a 7.78% return, which is significantly lower than EWSP.L's 11.20% return.
500P.L
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- 8.30%
- YTD
- 7.78%
- 1Y
- 18.14%
- 3Y*
- 18.29%
- 5Y*
- 12.86%
- 10Y*
- —
EWSP.L
- 1D
- -0.69%
- 1M
- 0.00%
- 6M
- 8.07%
- YTD
- 11.20%
- 1Y
- 17.55%
- 3Y*
- 12.55%
- 5Y*
- —
- 10Y*
- —
500P.L vs. EWSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 7.78% | 7.74% | 28.94% | 23.30% | -5.97% |
EWSP.L iShares S&P 500 Equal Weight UCITS ETF USD (Acc) | 11.20% | 4.02% | 13.96% | 7.79% | -18.92% |
Correlation
The correlation between 500P.L and EWSP.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2022 | 0.76 |
The correlation between 500P.L and EWSP.L shifts across timeframes, from 0.64 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
500P.L vs. EWSP.L — Risk / Return Rank
500P.L
EWSP.L
500P.L vs. EWSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.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.
| 500P.L | EWSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.09 | -1.41 |
| Martin ratioReturn relative to average drawdown | 5.22 | 9.83 | -4.62 |
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Drawdowns
500P.L vs. EWSP.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, smaller than the maximum EWSP.L drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for 500P.L and EWSP.L.
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Drawdown Indicators
| 500P.L | EWSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -22.80% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -5.65% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -20.12% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.87% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -10.32% | +6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 1.78% | +1.71% |
Volatility
500P.L vs. EWSP.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) has a higher volatility of 3.54% compared to iShares S&P 500 Equal Weight UCITS ETF USD (Acc) (EWSP.L) at 2.76%. This indicates that 500P.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
| 500P.L | EWSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.76% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 6.82% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 9.76% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 22.07% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 22.07% | -7.03% |
500P.L vs. EWSP.L - Expense Ratio Comparison
500P.L has a 0.07% 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
500P.L vs. EWSP.L - Dividend Comparison
Neither 500P.L nor EWSP.L has paid dividends to shareholders.
Frequently Asked Questions
500P.L and EWSP.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 500P.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
500P.L is cheaper with a 0.07% expense ratio, compared with 0.20% for EWSP.L.
500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while EWSP.L tracks S&P 500 Equal Weight Index. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.07% for 500P.L and 0.20% for EWSP.L.
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