P500.DE vs. CSPX.AS
Compare and contrast key facts about Invesco S&P 500 UCITS ETF (P500.DE) and iShares Core S&P 500 UCITS ETF (CSPX.AS).
P500.DE and CSPX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. P500.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500®. It was launched on May 20, 2010. CSPX.AS is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both P500.DE and CSPX.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: P500.DE or CSPX.AS.
Key characteristics
| P500.DE | CSPX.AS | |
|---|---|---|
| YTD Return | 19.60% | 20.12% |
| 1Y Return | 25.16% | 24.99% |
| 3Y Return (Ann) | 12.78% | 12.52% |
| 5Y Return (Ann) | 14.98% | 14.62% |
| Sharpe Ratio | 2.33 | 2.30 |
| Daily Std Dev | 11.70% | 11.77% |
| Max Drawdown | -33.78% | -33.65% |
| Current Drawdown | -0.98% | -1.00% |
Correlation
The correlation between P500.DE and CSPX.AS is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
P500.DE vs. CSPX.AS - Performance Comparison
The year-to-date returns for both investments are quite close, with P500.DE having a 19.60% return and CSPX.AS slightly higher at 20.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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P500.DE vs. CSPX.AS - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than CSPX.AS's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
P500.DE vs. CSPX.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.DE) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
Dividends
P500.DE vs. CSPX.AS - Dividend Comparison
Neither P500.DE nor CSPX.AS has paid dividends to shareholders.
Drawdowns
P500.DE vs. CSPX.AS - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, roughly equal to the maximum CSPX.AS drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for P500.DE and CSPX.AS. For additional features, visit the drawdowns tool.
Volatility
P500.DE vs. CSPX.AS - Volatility Comparison
Invesco S&P 500 UCITS ETF (P500.DE) and iShares Core S&P 500 UCITS ETF (CSPX.AS) have volatilities of 4.51% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.