P500.DE vs. MXFP.L
P500.DE (Invesco S&P 500 UCITS ETF) and MXFP.L (Invesco MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while MXFP.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, P500.DE returned 15.16%/yr vs 9.70%/yr for MXFP.L. A 0.60 correlation means they provide meaningful diversification when combined. P500.DE charges 0.05%/yr vs 0.19%/yr for MXFP.L.
Performance
P500.DE vs. MXFP.L - Performance Comparison
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Different Trading Currencies
P500.DE is traded in EUR, while MXFP.L is traded in GBp. To make them comparable, the MXFP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly lower than MXFP.L's 27.27% return. Over the past 10 years, P500.DE has outperformed MXFP.L with an annualized return of 15.16%, while MXFP.L has yielded a comparatively lower 9.70% annualized return.
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%
MXFP.L
- 1D
- -1.70%
- 1M
- 3.61%
- YTD
- 27.27%
- 6M
- 28.22%
- 1Y
- 48.97%
- 3Y*
- 20.48%
- 5Y*
- 8.19%
- 10Y*
- 9.70%
P500.DE vs. MXFP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 41.05% | 7.04% | 34.88% | -0.84% | 6.71% |
MXFP.L Invesco MSCI Emerging Markets UCITS ETF | 27.27% | 18.34% | 14.03% | 5.13% | -15.07% | 4.42% | 7.86% | 20.02% | -10.72% | 20.06% |
Correlation
The correlation between P500.DE and MXFP.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2015 | 0.60 |
The correlation between P500.DE and MXFP.L shifts across timeframes, from 0.51 (5 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
P500.DE vs. MXFP.L — Risk / Return Rank
P500.DE
MXFP.L
P500.DE vs. MXFP.L - 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 MSCI Emerging Markets UCITS ETF (MXFP.L). 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.
| P500.DE | MXFP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.51 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 4.70 | -1.09 |
| Martin ratioReturn relative to average drawdown | 12.91 | 17.10 | -4.19 |
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
| P500.DE | MXFP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.82 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.49 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.53 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.49 | +0.52 |
Drawdowns
P500.DE vs. MXFP.L - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, which is greater than MXFP.L's maximum drawdown of -31.72%. Use the drawdown chart below to compare losses from any high point for P500.DE and MXFP.L.
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Drawdown Indicators
| P500.DE | MXFP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -31.72% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -10.58% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -17.98% | -5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -24.05% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -31.72% | -2.06% |
Current DrawdownCurrent decline from peak | -0.40% | -2.66% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -8.67% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.92% | -0.93% |
Volatility
P500.DE vs. MXFP.L - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco MSCI Emerging Markets UCITS ETF (MXFP.L) has a volatility of 7.59%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky than MXFP.L 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 | MXFP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 7.59% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 14.79% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 17.68% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 16.77% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 18.39% | -2.32% |
P500.DE vs. MXFP.L - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than MXFP.L's 0.19% 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%.
Dividends
P500.DE vs. MXFP.L - Dividend Comparison
Neither P500.DE nor MXFP.L has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and MXFP.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.19% for MXFP.L.
P500.DE is categorized as S&P 500, while MXFP.L is Emerging Markets Equities. P500.DE tracks S&P 500 Index, while MXFP.L tracks MSCI EM NR USD. Their fees differ too: 0.05% for P500.DE and 0.19% for MXFP.L.
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