H1D5.DE vs. P500.DE
H1D5.DE (Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and P500.DE (Invesco S&P 500 UCITS ETF) are both S&P 500 funds - H1D5.DE tracks the S&P 500 Index (EUR Hedged) while P500.DE tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, H1D5.DE returned 12.69%/yr vs 15.07%/yr for P500.DE. A 0.79 correlation means they provide meaningful diversification when combined. H1D5.DE charges 0.28%/yr vs 0.05%/yr for P500.DE.
Performance
H1D5.DE vs. P500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H1D5.DE achieves a 7.77% return, which is significantly lower than P500.DE's 12.30% return. Over the past 10 years, H1D5.DE has underperformed P500.DE with an annualized return of 12.69%, while P500.DE has yielded a comparatively higher 15.07% annualized return.
H1D5.DE
- 1D
- 0.16%
- 1M
- -1.01%
- 6M
- 8.69%
- YTD
- 7.77%
- 1Y
- 17.66%
- 3Y*
- 17.64%
- 5Y*
- 10.23%
- 10Y*
- 12.69%
P500.DE
- 1D
- 0.23%
- 1M
- 0.61%
- 6M
- 13.07%
- YTD
- 12.30%
- 1Y
- 24.17%
- 3Y*
- 18.56%
- 5Y*
- 13.90%
- 10Y*
- 15.07%
H1D5.DE vs. P500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H1D5.DE Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.77% | 15.23% | 22.75% | 23.18% | -21.57% | 28.78% | 15.86% | 27.46% | -8.35% | 19.09% |
P500.DE Invesco S&P 500 UCITS ETF | 12.30% | 4.83% | 32.66% | 22.56% | -14.02% | 41.17% | 6.99% | 34.95% | -1.01% | 6.74% |
Correlation
The correlation between H1D5.DE and P500.DE is 0.84, 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 | 0.84 |
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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 9, 2012 | 0.79 |
The correlation between H1D5.DE and P500.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
H1D5.DE vs. P500.DE — Risk / Return Rank
H1D5.DE
P500.DE
H1D5.DE vs. P500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) (H1D5.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.
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.
| H1D5.DE | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 3.39 | -1.36 |
| Martin ratioReturn relative to average drawdown | 8.17 | 12.01 | -3.84 |
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Drawdowns
H1D5.DE vs. P500.DE - Drawdown Comparison
The maximum H1D5.DE drawdown since its inception was -33.97%, roughly equal to the maximum P500.DE drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for H1D5.DE and P500.DE.
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Drawdown Indicators
| H1D5.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -33.85% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -7.10% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -23.39% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.97% | -23.39% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -33.85% | -0.12% |
Current DrawdownCurrent decline from peak | -1.58% | -0.60% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -3.84% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.01% | +0.15% |
Volatility
H1D5.DE vs. P500.DE - Volatility Comparison
Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) (H1D5.DE) has a higher volatility of 4.07% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 3.66%. This indicates that H1D5.DE's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H1D5.DE | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.66% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 8.08% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 12.00% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 15.22% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.07% | +0.05% |
H1D5.DE vs. P500.DE - Expense Ratio Comparison
H1D5.DE has a 0.28% expense ratio, which is higher than P500.DE's 0.05% expense ratio.
Dividends
H1D5.DE vs. P500.DE - Dividend Comparison
Neither H1D5.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
H1D5.DE and P500.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.28% for H1D5.DE.
H1D5.DE tracks S&P 500 Index (EUR Hedged), while P500.DE tracks S&P 500 Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.28% for H1D5.DE and 0.05% for P500.DE.
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