IUSA.DE vs. E500.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Invesco respectively. Both are passively managed. Over the past 10 years, IUSA.DE returned 14.31%/yr vs 12.28%/yr for E500.DE. Their correlation of 0.83 suggests significant overlap in exposure. IUSA.DE charges 0.07%/yr vs 0.05%/yr for E500.DE.
Performance
IUSA.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 11.82% return, which is significantly higher than E500.DE's 7.53% return. Over the past 10 years, IUSA.DE has outperformed E500.DE with an annualized return of 14.31%, while E500.DE has yielded a comparatively lower 12.28% annualized return.
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.80%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.54%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
E500.DE
- 1D
- -0.37%
- 1M
- 0.39%
- 6M
- 7.27%
- YTD
- 7.53%
- 1Y
- 17.25%
- 3Y*
- 16.95%
- 5Y*
- 10.23%
- 10Y*
- 12.28%
IUSA.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 7.53% | 15.34% | 22.74% | 23.32% | -21.40% | 28.58% | 16.04% | 27.46% | -8.62% | 18.82% |
Correlation
The correlation between IUSA.DE and E500.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014 | 0.83 |
The correlation between IUSA.DE and E500.DE shifts across timeframes, from 0.67 (1 year) to 0.84 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IUSA.DE vs. E500.DE — Risk / Return Rank
IUSA.DE
E500.DE
IUSA.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.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.
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.
| IUSA.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.86 | +1.25 |
| Martin ratioReturn relative to average drawdown | 11.06 | 7.90 | +3.17 |
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Drawdowns
IUSA.DE vs. E500.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, which is greater than E500.DE's maximum drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and E500.DE.
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Drawdown Indicators
| IUSA.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -34.19% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -9.24% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -18.50% | -4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -25.81% | +2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | -34.19% | +0.52% |
Current DrawdownCurrent decline from peak | -1.33% | -1.64% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -4.76% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.18% | -0.24% |
Volatility
IUSA.DE vs. E500.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a higher volatility of 3.00% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 2.83%. This indicates that IUSA.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
| IUSA.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 2.83% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 9.45% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 12.12% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.06% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.04% | 16.32% | -0.28% |
IUSA.DE vs. E500.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% 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
IUSA.DE vs. E500.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.86%, while E500.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
IUSA.DE and E500.DE have a correlation of 0.67, 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 0.07% for IUSA.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IUSA.DE and 0.05% for E500.DE.
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