P500.DE vs. E500.DE
P500.DE (Invesco S&P 500 UCITS ETF) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds from Invesco tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, P500.DE returned 14.54%/yr vs 12.28%/yr for E500.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
P500.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.87% return, which is significantly higher than E500.DE's 7.53% return. Over the past 10 years, P500.DE has outperformed E500.DE with an annualized return of 14.54%, while E500.DE has yielded a comparatively lower 12.28% annualized return.
P500.DE
- 1D
- -1.21%
- 1M
- 0.77%
- 6M
- 9.53%
- YTD
- 11.87%
- 1Y
- 21.63%
- 3Y*
- 18.82%
- 5Y*
- 13.68%
- 10Y*
- 14.54%
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%
P500.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.87% | 4.83% | 32.66% | 22.56% | -14.02% | 41.17% | 6.99% | 34.95% | -1.01% | 6.74% |
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 P500.DE and E500.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2014 | 0.82 |
The correlation between P500.DE and E500.DE shifts across timeframes, from 0.68 (1 year) to 0.83 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
P500.DE vs. E500.DE — Risk / Return Rank
P500.DE
E500.DE
P500.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.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.
| P500.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.86 | +1.18 |
| Martin ratioReturn relative to average drawdown | 10.75 | 7.90 | +2.85 |
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Drawdowns
P500.DE vs. E500.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.85%, roughly equal to the maximum E500.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for P500.DE and E500.DE.
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Drawdown Indicators
| P500.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -34.19% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -9.24% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -18.50% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -25.81% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -34.19% | +0.34% |
Current DrawdownCurrent decline from peak | -1.36% | -1.64% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -4.76% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.18% | -0.17% |
Volatility
P500.DE vs. E500.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (P500.DE) has a higher volatility of 2.98% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 2.83%. This indicates that P500.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
| P500.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.83% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 9.45% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 12.12% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 16.06% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 16.32% | -0.25% |
P500.DE vs. E500.DE - Expense Ratio Comparison
Both P500.DE and E500.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
P500.DE vs. E500.DE - Dividend Comparison
Neither P500.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and E500.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE and E500.DE have the same expense ratio: 0.05% per year.
Both ETFs track S&P 500 Index.
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