E500.DE vs. XZEW.DE
E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) and XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) are both S&P 500 funds - E500.DE tracks the S&P 500 Index while XZEW.DE tracks the S&P 500 Equal Weight ESG. Both are passively managed. Over the past 3 years, E500.DE returned 19.53%/yr vs 12.65%/yr for XZEW.DE. A 0.65 correlation means they provide meaningful diversification when combined. E500.DE charges 0.05%/yr vs 0.17%/yr for XZEW.DE.
Performance
E500.DE vs. XZEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, E500.DE achieves a 8.91% return, which is significantly lower than XZEW.DE's 10.78% 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%
XZEW.DE
- 1D
- 0.38%
- 1M
- 3.74%
- YTD
- 10.78%
- 6M
- 11.14%
- 1Y
- 21.89%
- 3Y*
- 12.65%
- 5Y*
- —
- 10Y*
- —
E500.DE vs. XZEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.91% | 15.32% | 22.74% | 23.33% | -3.16% |
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C | 10.78% | 1.09% | 18.02% | 10.63% | -3.60% |
Correlation
The correlation between E500.DE and XZEW.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.65 |
The correlation between E500.DE and XZEW.DE shifts across timeframes, from 0.53 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
E500.DE vs. XZEW.DE — Risk / Return Rank
E500.DE
XZEW.DE
E500.DE vs. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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 | XZEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 4.33 | -1.53 |
| Martin ratioReturn relative to average drawdown | 11.96 | 12.75 | -0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| E500.DE | XZEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.98 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.74 | -0.01 |
Drawdowns
E500.DE vs. XZEW.DE - Drawdown Comparison
The maximum E500.DE drawdown since its inception was -34.20%, which is greater than XZEW.DE's maximum drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for E500.DE and XZEW.DE.
Loading charts...
Drawdown Indicators
| E500.DE | XZEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -23.98% | -10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -5.00% | -3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -23.98% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.83% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | 0.00% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.76% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.70% | +0.35% |
Volatility
E500.DE vs. XZEW.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a higher volatility of 3.11% compared to Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) at 2.12%. This indicates that E500.DE's price experiences larger fluctuations and is considered to be riskier than XZEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| E500.DE | XZEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.12% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 8.64% | 6.92% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 10.93% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 13.97% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 13.97% | +2.64% |
E500.DE vs. XZEW.DE - Expense Ratio Comparison
E500.DE has a 0.05% expense ratio, which is lower than XZEW.DE's 0.17% 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. XZEW.DE - Dividend Comparison
Neither E500.DE nor XZEW.DE has paid dividends to shareholders.
Frequently Asked Questions
E500.DE and XZEW.DE have a correlation of 0.53, 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 0.17% for XZEW.DE.
E500.DE tracks S&P 500 Index, while XZEW.DE tracks S&P 500 Equal Weight ESG. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.05% for E500.DE and 0.17% for XZEW.DE.
Find the right allocation for E500.DE and XZEW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer