ESEE.DE vs. P500.DE

Last updated Jun 5, 2026

ESEE.DE (BNP Paribas Easy S&P 500 UCITS ETF EUR) and P500.DE (Invesco S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from BNP Paribas and Invesco respectively. Both are passively managed. Over the past 10 years, ESEE.DE returned 15.09%/yr vs 15.16%/yr for P500.DE. With a 0.98 correlation, they move nearly in lockstep. ESEE.DE charges 0.15%/yr vs 0.05%/yr for P500.DE.

Performance

ESEE.DE vs. P500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and Invesco S&P 500 UCITS ETF (P500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ESEE.DE having a 11.27% return and P500.DE slightly higher at 11.47%. Both investments have delivered pretty close results over the past 10 years, with ESEE.DE having a 15.09% annualized return and P500.DE not far ahead at 15.16%.

ESEE.DE

• 1D: -0.16%
• 1M: 5.21%
• YTD: 11.27%
• 6M: 11.25%
• 1Y: 25.34%
• 3Y*: 18.69%
• 5Y*: 14.69%
• 10Y*: 15.09%

P500.DE

• 1D: -0.10%
• 1M: 5.26%
• YTD: 11.47%
• 6M: 11.50%
• 1Y: 25.80%
• 3Y*: 19.07%
• 5Y*: 14.99%
• 10Y*: 15.16%

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

ESEE.DE vs. P500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
P500.DE Invesco S&P 500 UCITS ETF	11.47%	4.88%	32.56%	22.69%	-14.05%	41.05%	7.04%	34.88%	-0.84%	6.71%

Correlation

The correlation between ESEE.DE and P500.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 29, 2013	0.98

The correlation between ESEE.DE and P500.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

Return for Risk

ESEE.DE vs. P500.DE — Risk / Return Rank

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

ESEE.DE

ESEE.DE Risk / Return Rank: 68
ESEE.DE Sharpe Ratio Rank: 67
ESEE.DE Sortino Ratio Rank: 65
ESEE.DE Omega Ratio Rank: 69
ESEE.DE Calmar Ratio Rank: 72
ESEE.DE Martin Ratio Rank: 69

P500.DE

P500.DE Risk / Return Rank: 70
P500.DE Sharpe Ratio Rank: 69
P500.DE Sortino Ratio Rank: 67
P500.DE Omega Ratio Rank: 71
P500.DE Calmar Ratio Rank: 73
P500.DE Martin Ratio Rank: 70

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.

ESEE.DE vs. P500.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and Invesco S&P 500 UCITS ETF (P500.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.

	ESEE.DE	P500.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.23	-0.06
Sortino ratio: Return per unit of downside risk	2.96	3.03	-0.07
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.01
Calmar ratio: Return relative to maximum drawdown	3.51	3.62	-0.10
Martin ratio: Return relative to average drawdown	12.48	12.91	-0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESEE.DE vs. P500.DE - Sharpe Ratio Comparison

The current ESEE.DE Sharpe Ratio is 2.17, which is comparable to the P500.DE Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ESEE.DE and P500.DE, 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

	ESEE.DE	P500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.23	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.98	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.94	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	1.01	-0.06

Drawdowns

ESEE.DE vs. P500.DE - Drawdown Comparison

The maximum ESEE.DE drawdown since its inception was -33.58%, roughly equal to the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for ESEE.DE and P500.DE.

Drawdown Indicators

	ESEE.DE	P500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.58%	-33.78%	+0.20%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-7.11%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-23.46%	-23.34%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-23.34%	-0.12%
Max Drawdown (10Y) Largest decline over 10 years	-33.58%	-33.78%	+0.20%
Current Drawdown Current decline from peak	-0.45%	-0.40%	-0.05%
Average Drawdown Average peak-to-trough decline	-4.12%	-3.85%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.99%	+0.04%

Volatility

ESEE.DE vs. P500.DE - Volatility Comparison

BNP Paribas Easy S&P 500 UCITS ETF EUR (ESEE.DE) and Invesco S&P 500 UCITS ETF (P500.DE) have volatilities of 2.65% and 2.65%, 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.

Volatility by Period

	ESEE.DE	P500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.65%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.60%	7.59%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.61%	11.52%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.20%	15.17%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	16.07%	+0.02%

ESEE.DE vs. P500.DE - Expense Ratio Comparison

ESEE.DE has a 0.15% expense ratio, which is higher than P500.DE's 0.05% 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%.

Dividends

ESEE.DE vs. P500.DE - Dividend Comparison

Neither ESEE.DE nor P500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESEE.DE and P500.DE in my portfolio?

With a correlation of 1.00, ESEE.DE and P500.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ESEE.DE or P500.DE?

On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESEE.DE or P500.DE?

P500.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for ESEE.DE.

What is the main difference between ESEE.DE and P500.DE?

Both ETFs track S&P 500 Index. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.15% for ESEE.DE and 0.05% for P500.DE.