IS20.DE vs. P500.DE
IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) and P500.DE (Invesco S&P 500 UCITS ETF) are both S&P 500 funds - IS20.DE tracks the S&P 500 Top 20 Index while P500.DE tracks the S&P 500 Index. Both are passively managed. Over the past year, IS20.DE returned 29.64% vs 25.73% for P500.DE. Their correlation of 0.91 suggests significant overlap in exposure. IS20.DE charges 0.10%/yr vs 0.05%/yr for P500.DE.
Performance
IS20.DE vs. P500.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 lower than P500.DE's 11.47% return.
IS20.DE
- 1D
- -0.38%
- 1M
- 3.94%
- YTD
- 9.38%
- 6M
- 8.09%
- 1Y
- 29.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
IS20.DE vs. P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 1.77% |
Correlation
The correlation between IS20.DE and P500.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.91 |
The correlation between IS20.DE and P500.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
IS20.DE vs. P500.DE — Risk / Return Rank
IS20.DE
P500.DE
IS20.DE vs. P500.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 (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.
| IS20.DE | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.62 | -1.26 |
| Martin ratioReturn relative to average drawdown | 7.30 | 12.91 | -5.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS20.DE | P500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.23 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.98 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.01 | -0.24 |
Drawdowns
IS20.DE vs. P500.DE - Drawdown Comparison
The maximum IS20.DE drawdown since its inception was -26.30%, smaller than the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IS20.DE and P500.DE.
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Drawdown Indicators
| IS20.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -33.78% | +7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -7.11% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.40% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -3.85% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.99% | +2.12% |
Volatility
IS20.DE vs. P500.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 (P500.DE) at 2.65%. This indicates that IS20.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
| IS20.DE | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.65% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 7.59% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 11.52% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 15.17% | +4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 16.07% | +3.50% |
IS20.DE vs. P500.DE - Expense Ratio Comparison
IS20.DE has a 0.10% 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
IS20.DE vs. P500.DE - Dividend Comparison
Neither IS20.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, IS20.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.
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 0.10% for IS20.DE.
IS20.DE tracks S&P 500 Top 20 Index, while P500.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 P500.DE.
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