P500.DE vs. N1ES.DE
P500.DE (Invesco S&P 500 UCITS ETF) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, P500.DE returned 19.07%/yr vs 25.46%/yr for N1ES.DE. Their correlation of 0.92 suggests significant overlap in exposure. P500.DE charges 0.05%/yr vs 0.25%/yr for N1ES.DE.
Performance
P500.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly lower than N1ES.DE's 21.31% 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%
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
P500.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 7.63% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
Correlation
The correlation between P500.DE and N1ES.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.92 |
The correlation between P500.DE and N1ES.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
P500.DE vs. N1ES.DE — Risk / Return Rank
P500.DE
N1ES.DE
P500.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
| P500.DE | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.69 | -0.08 |
| Martin ratioReturn relative to average drawdown | 12.91 | 10.62 | +2.30 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.42 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.81 | +0.20 |
Drawdowns
P500.DE vs. N1ES.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, which is greater than N1ES.DE's maximum drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for P500.DE and N1ES.DE.
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Drawdown Indicators
| P500.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -29.96% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -10.86% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -26.65% | +3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.74% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -8.51% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.78% | -1.79% |
Volatility
P500.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 4.64%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 4.64% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 11.63% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 16.59% | -5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 20.73% | -5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 20.73% | -4.66% |
P500.DE vs. N1ES.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than N1ES.DE's 0.25% 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. N1ES.DE - Dividend Comparison
Neither P500.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, P500.DE and N1ES.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.25% for N1ES.DE.
P500.DE is categorized as S&P 500, while N1ES.DE is Nasdaq-100. P500.DE tracks S&P 500 Index, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.05% for P500.DE and 0.25% for N1ES.DE.
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