P500.DE vs. SPEP.L
P500.DE (Invesco S&P 500 UCITS ETF) and SPEP.L (Invesco S&P 500 Scored & Screened ETF Acc) are both S&P 500 funds from Invesco - P500.DE tracks the S&P 500 Index while SPEP.L tracks the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, P500.DE returned 14.99%/yr vs 15.68%/yr for SPEP.L. Their correlation of 0.91 suggests significant overlap in exposure. P500.DE charges 0.05%/yr vs 0.09%/yr for SPEP.L.
Performance
P500.DE vs. SPEP.L - Performance Comparison
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Different Trading Currencies
P500.DE is traded in EUR, while SPEP.L is traded in GBp. To make them comparable, the SPEP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with P500.DE having a 11.47% return and SPEP.L slightly lower at 11.28%.
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%
SPEP.L
- 1D
- 0.61%
- 1M
- 4.22%
- YTD
- 11.28%
- 6M
- 11.21%
- 1Y
- 29.07%
- 3Y*
- 18.58%
- 5Y*
- 15.68%
- 10Y*
- —
P500.DE vs. SPEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 41.05% | 26.70% |
SPEP.L Invesco S&P 500 Scored & Screened ETF Acc | 11.28% | 4.20% | 32.72% | 24.05% | -13.69% | 43.75% | 18.96% |
Correlation
The correlation between P500.DE and SPEP.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2020 | 0.91 |
The correlation between P500.DE and SPEP.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
P500.DE vs. SPEP.L — Risk / Return Rank
P500.DE
SPEP.L
P500.DE vs. SPEP.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 S&P 500 Scored & Screened ETF Acc (SPEP.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 | SPEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 1.05 | +2.57 |
| Martin ratioReturn relative to average drawdown | 12.91 | 1.62 | +11.29 |
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 | SPEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.66 | +1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.49 | +0.48 |
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 | 0.60 | +0.42 |
Drawdowns
P500.DE vs. SPEP.L - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, which is greater than SPEP.L's maximum drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for P500.DE and SPEP.L.
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Drawdown Indicators
| P500.DE | SPEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -27.38% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -27.38% | +20.27% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -27.38% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -27.38% | +4.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -14.92% | +14.52% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -7.76% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 17.75% | -15.76% |
Volatility
P500.DE vs. SPEP.L - Volatility Comparison
Invesco S&P 500 UCITS ETF (P500.DE) has a higher volatility of 2.65% compared to Invesco S&P 500 Scored & Screened ETF Acc (SPEP.L) at 2.43%. This indicates that P500.DE's price experiences larger fluctuations and is considered to be riskier than SPEP.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 | SPEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.43% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.36% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 43.24% | -31.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 31.72% | -16.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 30.53% | -14.46% |
P500.DE vs. SPEP.L - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than SPEP.L's 0.09% 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. SPEP.L - Dividend Comparison
Neither P500.DE nor SPEP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, P500.DE and SPEP.L 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 0.09% for SPEP.L.
P500.DE tracks S&P 500 Index, while SPEP.L tracks S&P 500 ESG Index. Their fees differ too: 0.05% for P500.DE and 0.09% for SPEP.L.
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