500P.L vs. XDWE.L
500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and XDWE.L (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - 500P.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while XDWE.L tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, 500P.L returned 13.53%/yr vs 9.66%/yr for XDWE.L. A 0.80 correlation means they provide meaningful diversification when combined. 500P.L charges 0.07%/yr vs 0.20%/yr for XDWE.L.
Performance
500P.L vs. XDWE.L - Performance Comparison
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Different Trading Currencies
500P.L is traded in GBP, while XDWE.L is traded in GBp. To make them comparable, the XDWE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500P.L achieves a 8.03% return, which is significantly lower than XDWE.L's 12.77% return.
500P.L
- 1D
- 0.00%
- 1M
- 1.20%
- YTD
- 8.03%
- 6M
- 8.24%
- 1Y
- 23.15%
- 3Y*
- 18.75%
- 5Y*
- 13.53%
- 10Y*
- —
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%
500P.L vs. XDWE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF | 8.03% | 7.74% | 28.94% | 23.30% | -12.86% | 34.04% | 11.40% |
XDWE.L Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 12.77% | 3.94% | 14.06% | 7.78% | -1.34% | 31.37% | 14.13% |
Correlation
The correlation between 500P.L and XDWE.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.80 |
The correlation between 500P.L and XDWE.L shifts across timeframes, from 0.66 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
500P.L vs. XDWE.L — Risk / Return Rank
500P.L
XDWE.L
500P.L vs. XDWE.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 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.
| 500P.L | XDWE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.25 | -2.10 |
| Martin ratioReturn relative to average drawdown | 6.68 | 13.62 | -6.94 |
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Drawdowns
500P.L vs. XDWE.L - Drawdown Comparison
The maximum 500P.L drawdown since its inception was -20.32%, smaller than the maximum XDWE.L drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for 500P.L and XDWE.L.
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Drawdown Indicators
| 500P.L | XDWE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -98.55% | +78.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -5.64% | -5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -19.89% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -19.89% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.08% | — |
Current DrawdownCurrent decline from peak | -0.25% | 0.00% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.84% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 1.77% | +1.71% |
Volatility
500P.L vs. XDWE.L - Volatility Comparison
Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) has a higher volatility of 3.67% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDWE.L) at 2.21%. This indicates that 500P.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
| 500P.L | XDWE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.21% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 6.60% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 9.70% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 19.53% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.06% | 18.63% | -3.57% |
500P.L vs. XDWE.L - Expense Ratio Comparison
500P.L has a 0.07% 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
500P.L vs. XDWE.L - Dividend Comparison
Neither 500P.L nor XDWE.L has paid dividends to shareholders.
Frequently Asked Questions
500P.L and XDWE.L have a correlation of 0.66, 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 XDWE.L.
500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while XDWE.L tracks S&P 500 Equal Weight Index. They also come from different issuers: Franklin and Xtrackers. Their fees differ too: 0.07% for 500P.L and 0.20% for XDWE.L.
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