IS20.DE vs. E500.DE
IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - IS20.DE tracks the S&P 500 Top 20 Index while E500.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, IS20.DE returned 30.08% vs 24.57% for E500.DE. A 0.79 correlation means they provide meaningful diversification when combined. IS20.DE charges 0.10%/yr vs 0.05%/yr for E500.DE.
Performance
IS20.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS20.DE achieves a 9.38% return, which is significantly higher than E500.DE's 8.91% return.
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
E500.DE
- 1D
- 0.01%
- 1M
- 4.31%
- YTD
- 8.91%
- 6M
- 9.68%
- 1Y
- 24.57%
- 3Y*
- 19.53%
- 5Y*
- 11.18%
- 10Y*
- 12.71%
IS20.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.91% | 15.32% | 0.60% |
Correlation
The correlation between IS20.DE and E500.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.79 |
The correlation between IS20.DE and E500.DE has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
IS20.DE vs. E500.DE — Risk / Return Rank
IS20.DE
E500.DE
IS20.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) and Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.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.
| IS20.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.80 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.30 | 11.96 | -4.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS20.DE | E500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.08 | -0.06 |
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 | 0.77 | 0.73 | +0.04 |
Drawdowns
IS20.DE vs. E500.DE - Drawdown Comparison
The maximum IS20.DE drawdown since its inception was -26.30%, smaller than the maximum E500.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for IS20.DE and E500.DE.
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Drawdown Indicators
| IS20.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -34.20% | +7.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -8.73% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.50% | — |
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 | -1.60% | -0.59% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.97% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 2.05% | +2.06% |
Volatility
IS20.DE vs. E500.DE - Volatility Comparison
iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a higher volatility of 3.65% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 3.11%. This indicates that IS20.DE's price experiences larger fluctuations and is considered to be riskier than E500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS20.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.11% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 8.64% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 11.77% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 15.99% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 16.61% | +2.96% |
IS20.DE vs. E500.DE - Expense Ratio Comparison
IS20.DE has a 0.10% expense ratio, which is higher than E500.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
IS20.DE vs. E500.DE - Dividend Comparison
Neither IS20.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
IS20.DE and E500.DE have a correlation of 0.78, 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 IS20.DE.
IS20.DE tracks S&P 500 Top 20 Index, while E500.DE tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for IS20.DE and 0.05% for E500.DE.
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