E500.DE vs. UBU9.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE).

E500.DE and UBU9.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. E500.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on May 20, 2010. UBU9.DE is a passively managed fund by UBS that tracks the performance of the S&P 500. It was launched on Aug 5, 2025. Both E500.DE and UBU9.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

E500.DE vs. UBU9.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE). The values are adjusted to include any dividend payments, if applicable.

E500.DE vs. UBU9.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)	-4.86%	15.32%	22.74%	23.33%	-21.41%	28.61%	16.03%	27.42%	-8.60%	18.82%
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis	-3.10%	4.68%	32.18%	22.24%	-14.31%	40.34%	6.45%	34.24%	-1.39%	6.52%

Returns By Period

In the year-to-date period, E500.DE achieves a -4.86% return, which is significantly lower than UBU9.DE's -3.10% return. Over the past 10 years, E500.DE has underperformed UBU9.DE with an annualized return of 11.45%, while UBU9.DE has yielded a comparatively higher 13.44% annualized return.

E500.DE

• 1D: 2.54%
• 1M: -4.04%
• YTD: -4.86%
• 6M: -2.16%
• 1Y: 15.54%
• 3Y*: 16.09%
• 5Y*: 9.36%
• 10Y*: 11.45%

UBU9.DE

• 1D: 1.72%
• 1M: -3.11%
• YTD: -3.10%
• 6M: -0.00%
• 1Y: 10.10%
• 3Y*: 15.95%
• 5Y*: 11.96%
• 10Y*: 13.44%

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

E500.DE vs. UBU9.DE - Expense Ratio Comparison

E500.DE has a 0.05% expense ratio, which is higher than UBU9.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

E500.DE

Invesco S&P 500 UCITS ETF (EUR Hdg)

UBU9.DE

UBS Core S&P 500 UCITS ETF USD dis

Return for Risk

E500.DE vs. UBU9.DE — Risk / Return Rank

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

E500.DE

E500.DE Risk / Return Rank: 54
E500.DE Sharpe Ratio Rank: 50
E500.DE Sortino Ratio Rank: 50
E500.DE Omega Ratio Rank: 51
E500.DE Calmar Ratio Rank: 58
E500.DE Martin Ratio Rank: 61

UBU9.DE

UBU9.DE Risk / Return Rank: 33
UBU9.DE Sharpe Ratio Rank: 29
UBU9.DE Sortino Ratio Rank: 28
UBU9.DE Omega Ratio Rank: 30
UBU9.DE Calmar Ratio Rank: 39
UBU9.DE Martin Ratio Rank: 40

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.

E500.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.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	UBU9.DE	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.59	+0.38
Sortino ratio Return per unit of downside risk	1.44	0.89	+0.54
Omega ratio Gain probability vs. loss probability	1.20	1.13	+0.07
Calmar ratio Return relative to maximum drawdown	1.71	1.20	+0.51
Martin ratio Return relative to average drawdown	6.94	4.33	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

E500.DE vs. UBU9.DE - Sharpe Ratio Comparison

The current E500.DE Sharpe Ratio is 0.97, which is higher than the UBU9.DE Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of E500.DE and UBU9.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	E500.DE	UBU9.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.59	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.78	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.83	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.87	-0.22

Correlation

The correlation between E500.DE and UBU9.DE is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

E500.DE vs. UBU9.DE - Dividend Comparison

E500.DE has not paid dividends to shareholders, while UBU9.DE's dividend yield for the trailing twelve months is around 0.92%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis	0.92%	0.90%	0.88%	1.05%	1.22%	0.75%	1.23%	1.21%	1.30%	1.35%	1.51%	1.38%

Drawdowns

E500.DE vs. UBU9.DE - Drawdown Comparison

The maximum E500.DE drawdown since its inception was -34.20%, roughly equal to the maximum UBU9.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for E500.DE and UBU9.DE.

Drawdown Indicators

	E500.DE	UBU9.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-33.82%	-0.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.72%	-13.43%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-23.30%	-2.53%
Max Drawdown (10Y) Largest decline over 10 years	-34.20%	-33.82%	-0.38%
Current Drawdown Current decline from peak	-5.88%	-5.29%	-0.59%
Average Drawdown Average peak-to-trough decline	-5.03%	-4.05%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.34%	-0.19%

Volatility

E500.DE vs. UBU9.DE - Volatility Comparison

Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a higher volatility of 4.96% compared to UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) at 3.79%. This indicates that E500.DE's price experiences larger fluctuations and is considered to be riskier than UBU9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	E500.DE	UBU9.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	3.79%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	8.62%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	17.20%	-1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.98%	15.24%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	16.15%	+0.46%