E500.DE vs. ESEE.DE
E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) and ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) are both S&P 500 funds tracking the S&P 500 Index, from Invesco and BNP Paribas respectively. Both are passively managed. Over the past 10 years, E500.DE returned 12.71%/yr vs 15.09%/yr for ESEE.DE. A 0.79 correlation means they provide meaningful diversification when combined. E500.DE charges 0.05%/yr vs 0.15%/yr for ESEE.DE.
Performance
E500.DE vs. ESEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E500.DE achieves a 8.91% return, which is significantly lower than ESEE.DE's 11.27% return. Over the past 10 years, E500.DE has underperformed ESEE.DE with an annualized return of 12.71%, while ESEE.DE has yielded a comparatively higher 15.09% annualized return.
E500.DE
- 1D
- 0.01%
- 1M
- 3.11%
- YTD
- 8.91%
- 6M
- 9.39%
- 1Y
- 24.19%
- 3Y*
- 19.53%
- 5Y*
- 11.18%
- 10Y*
- 12.71%
ESEE.DE
- 1D
- -0.16%
- 1M
- 4.36%
- YTD
- 11.27%
- 6M
- 10.71%
- 1Y
- 25.27%
- 3Y*
- 18.69%
- 5Y*
- 14.69%
- 10Y*
- 15.09%
E500.DE vs. ESEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.91% | 15.32% | 22.74% | 23.33% | -21.41% | 28.61% | 16.03% | 27.42% | -8.60% | 18.82% |
ESEE.DE BNP Paribas Easy S&P 500 UCITS ETF EUR | 11.27% | 4.37% | 32.16% | 22.65% | -14.21% | 40.85% | 7.14% | 34.97% | -0.85% | 7.07% |
Correlation
The correlation between E500.DE and ESEE.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2014 | 0.79 |
The correlation between E500.DE and ESEE.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
E500.DE vs. ESEE.DE — Risk / Return Rank
E500.DE
ESEE.DE
E500.DE vs. ESEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) and BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE). 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.
| E500.DE | ESEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.51 | -0.71 |
| Martin ratioReturn relative to average drawdown | 11.96 | 12.48 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| E500.DE | ESEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.17 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.96 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | 0.93 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.95 | -0.22 |
Drawdowns
E500.DE vs. ESEE.DE - Drawdown Comparison
The maximum E500.DE drawdown since its inception was -34.20%, roughly equal to the maximum ESEE.DE drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for E500.DE and ESEE.DE.
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Drawdown Indicators
| E500.DE | ESEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -33.58% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -7.18% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -23.46% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | -23.46% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -33.58% | -0.62% |
Current DrawdownCurrent decline from peak | -0.59% | -0.45% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.12% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.03% | +0.02% |
Volatility
E500.DE vs. ESEE.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a higher volatility of 3.11% compared to BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) at 2.65%. This indicates that E500.DE's price experiences larger fluctuations and is considered to be riskier than ESEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| E500.DE | ESEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.65% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 7.60% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 11.61% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 15.20% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 16.09% | +0.52% |
E500.DE vs. ESEE.DE - Expense Ratio Comparison
E500.DE has a 0.05% expense ratio, which is lower than ESEE.DE's 0.15% 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
E500.DE vs. ESEE.DE - Dividend Comparison
Neither E500.DE nor ESEE.DE has paid dividends to shareholders.
Frequently Asked Questions
E500.DE and ESEE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E500.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for ESEE.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.05% for E500.DE and 0.15% for ESEE.DE.
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