E500.DE vs. SPPY.DE
E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - E500.DE tracks the S&P 500 Index while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, E500.DE returned 10.26%/yr vs 15.14%/yr for SPPY.DE. Their correlation of 0.85 suggests significant overlap in exposure. E500.DE charges 0.05%/yr vs 0.10%/yr for SPPY.DE.
Performance
E500.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E500.DE achieves a 5.87% return, which is significantly lower than SPPY.DE's 12.49% return.
E500.DE
- 1D
- -0.30%
- 1M
- -2.24%
- YTD
- 5.87%
- 6M
- 5.69%
- 1Y
- 18.89%
- 3Y*
- 17.95%
- 5Y*
- 10.26%
- 10Y*
- 12.99%
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
E500.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 5.87% | 15.34% | 22.74% | 23.32% | -21.40% | 28.58% | 16.04% | 3.95% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
Correlation
The correlation between E500.DE and SPPY.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.85 |
The correlation between E500.DE and SPPY.DE shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
E500.DE vs. SPPY.DE — Risk / Return Rank
E500.DE
SPPY.DE
E500.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
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.
| E500.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 4.38 | -2.35 |
| Martin ratioReturn relative to average drawdown | 8.83 | 16.81 | -7.98 |
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Drawdowns
E500.DE vs. SPPY.DE - Drawdown Comparison
The maximum E500.DE drawdown since its inception was -34.19%, roughly equal to the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for E500.DE and SPPY.DE.
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Drawdown Indicators
| E500.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.19% | -33.33% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.24% | -6.72% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -23.81% | +5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | -23.81% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -34.19% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -0.19% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -4.80% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.75% | +0.38% |
Volatility
E500.DE vs. SPPY.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) have volatilities of 3.13% and 3.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| E500.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.17% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 8.13% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 11.79% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 15.47% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 17.53% | -1.18% |
E500.DE vs. SPPY.DE - Expense Ratio Comparison
E500.DE has a 0.05% expense ratio, which is lower than SPPY.DE's 0.10% 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. SPPY.DE - Dividend Comparison
Neither E500.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
E500.DE and SPPY.DE have a correlation of 0.67, 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 0.10% for SPPY.DE.
E500.DE tracks S&P 500 Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.05% for E500.DE and 0.10% for SPPY.DE.
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