D500.DE vs. O

Last updated Jun 5, 2026

D500.DE (Invesco S&P 500 UCITS ETF Dist) is S&P 500 fund tracking the S&P 500 Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, D500.DE returned 15.85%/yr vs 4.44%/yr for O. At a 0.17 correlation, their price movements are largely independent.

Performance

D500.DE vs. O - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 UCITS ETF Dist (D500.DE) and Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

D500.DE is traded in EUR, while O is traded in USD. To make them comparable, the O values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, D500.DE achieves a 11.58% return, which is significantly higher than O's 9.55% return. Over the past 10 years, D500.DE has outperformed O with an annualized return of 15.85%, while O has yielded a comparatively lower 4.44% annualized return.

D500.DE

• 1D: -0.31%
• 1M: 5.37%
• YTD: 11.58%
• 6M: 11.67%
• 1Y: 25.88%
• 3Y*: 19.34%
• 5Y*: 15.48%
• 10Y*: 15.85%

O

• 1D: -0.09%
• 1M: -4.97%
• YTD: 9.55%
• 6M: 5.67%
• 1Y: 10.91%
• 3Y*: 2.77%
• 5Y*: 3.43%
• 10Y*: 4.44%

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

D500.DE vs. O - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
D500.DE Invesco S&P 500 UCITS ETF Dist	11.58%	4.86%	32.62%	22.70%	-13.34%	43.50%	9.36%	35.52%	-0.84%	6.73%
O Realty Income Corporation	9.55%	-1.11%	4.35%	-7.41%	-1.63%	33.22%	-18.88%	24.01%	21.38%	-9.07%

Correlation

The correlation between D500.DE and O is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 4, 2015	0.17

The correlation between D500.DE and O shifts across timeframes, from -0.11 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

D500.DE vs. O — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

D500.DE

D500.DE Risk / Return Rank: 70
D500.DE Sharpe Ratio Rank: 69
D500.DE Sortino Ratio Rank: 67
D500.DE Omega Ratio Rank: 71
D500.DE Calmar Ratio Rank: 73
D500.DE Martin Ratio Rank: 70

O

O Risk / Return Rank: 63
O Sharpe Ratio Rank: 67
O Sortino Ratio Rank: 58
O Omega Ratio Rank: 57
O Calmar Ratio Rank: 65
O Martin Ratio Rank: 66

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.

D500.DE vs. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF Dist (D500.DE) and Realty Income Corporation (O). 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.

	D500.DE	O	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.70	+1.54
Sortino ratio: Return per unit of downside risk	3.04	1.04	+2.01
Omega ratio: Gain probability vs. loss probability	1.42	1.13	+0.29
Calmar ratio: Return relative to maximum drawdown	3.60	1.07	+2.53
Martin ratio: Return relative to average drawdown	12.88	2.54	+10.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

D500.DE vs. O - Sharpe Ratio Comparison

The current D500.DE Sharpe Ratio is 2.24, which is higher than the O Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of D500.DE and O, 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

	D500.DE	O	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.70	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.18	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.17	+0.81
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.35	+0.54

Drawdowns

D500.DE vs. O - Drawdown Comparison

The maximum D500.DE drawdown since its inception was -33.57%, smaller than the maximum O drawdown of -48.59%. Use the drawdown chart below to compare losses from any high point for D500.DE and O.

Drawdown Indicators

	D500.DE	O	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-48.59%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-10.26%	+3.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.29%	-23.22%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.29%	-37.26%	+13.97%
Max Drawdown (10Y) Largest decline over 10 years	-33.57%	-48.59%	+15.02%
Current Drawdown Current decline from peak	-0.31%	-13.99%	+13.68%
Average Drawdown Average peak-to-trough decline	-4.25%	-14.58%	+10.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	4.30%	-2.30%

Volatility

D500.DE vs. O - Volatility Comparison

The current volatility for Invesco S&P 500 UCITS ETF Dist (D500.DE) is 2.66%, while Realty Income Corporation (O) has a volatility of 5.23%. This indicates that D500.DE experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	D500.DE	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	5.23%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	7.54%	11.84%	-4.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	15.74%	-4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	18.81%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	25.93%	-9.85%

Dividends

D500.DE vs. O - Dividend Comparison

D500.DE's dividend yield for the trailing twelve months is around 1.08%, less than O's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D500.DE Invesco S&P 500 UCITS ETF Dist	1.08%	1.18%	1.27%	1.54%	2.63%	2.72%	3.53%	2.34%	2.08%	1.67%	1.70%	0.29%
O Realty Income Corporation	5.42%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%

Frequently Asked Questions

Can I hold both D500.DE and O in my portfolio?

D500.DE and O have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.