N1ES.DE vs. E500.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while E500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.41%/yr vs 17.95%/yr for E500.DE. Their correlation of 0.80 suggests significant overlap in exposure. N1ES.DE charges 0.25%/yr vs 0.05%/yr for E500.DE.
Performance
N1ES.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 20.46% return, which is significantly higher than E500.DE's 5.87% return.
N1ES.DE
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 20.46%
- 6M
- 20.67%
- 1Y
- 37.93%
- 3Y*
- 25.41%
- 5Y*
- —
- 10Y*
- —
E500.DE
- 1D
- -0.30%
- 1M
- -2.24%
- YTD
- 5.87%
- 6M
- 5.69%
- 1Y
- 18.89%
- 3Y*
- 17.95%
- 5Y*
- 10.26%
- 10Y*
- 12.99%
N1ES.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 20.46% | 8.26% | 33.55% | 51.62% | -29.13% | 10.00% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 5.87% | 15.34% | 22.74% | 23.32% | -21.40% | 4.56% |
Correlation
The correlation between N1ES.DE and E500.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021 | 0.80 |
The correlation between N1ES.DE and E500.DE shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
N1ES.DE vs. E500.DE — Risk / Return Rank
N1ES.DE
E500.DE
N1ES.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
| N1ES.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.04 | +1.47 |
| Martin ratioReturn relative to average drawdown | 9.95 | 8.83 | +1.12 |
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Drawdowns
N1ES.DE vs. E500.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum E500.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and E500.DE.
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Drawdown Indicators
| N1ES.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -34.19% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -9.24% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -18.50% | -8.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.19% | — |
Current DrawdownCurrent decline from peak | -1.93% | -3.17% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -4.77% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.13% | +1.69% |
Volatility
N1ES.DE vs. E500.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 6.05% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 3.13%. This indicates that N1ES.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
| N1ES.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 3.13% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.64% | 9.32% | +3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.57% | 12.01% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 16.05% | +4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 16.35% | +4.44% |
N1ES.DE vs. E500.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% 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
N1ES.DE vs. E500.DE - Dividend Comparison
Neither N1ES.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
N1ES.DE and E500.DE have a correlation of 0.66, 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 0.25% for N1ES.DE.
N1ES.DE is categorized as Nasdaq-100, while E500.DE is S&P 500. N1ES.DE tracks Nasdaq 100® ESG, while E500.DE tracks S&P 500 Index. Their fees differ too: 0.25% for N1ES.DE and 0.05% for E500.DE.
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