P500.DE vs. VUAA.DE
P500.DE (Invesco S&P 500 UCITS ETF) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both S&P 500 funds tracking the S&P 500 Index, from Invesco and Vanguard respectively. Both are passively managed. Over the past 5 years, P500.DE returned 13.68%/yr vs 13.47%/yr for VUAA.DE. With a 0.99 correlation, they move nearly in lockstep. P500.DE charges 0.05%/yr vs 0.07%/yr for VUAA.DE.
Performance
P500.DE vs. VUAA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with P500.DE having a 11.87% return and VUAA.DE slightly lower at 11.83%.
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%
VUAA.DE
- 1D
- -1.21%
- 1M
- 0.80%
- 6M
- 9.46%
- YTD
- 11.83%
- 1Y
- 21.57%
- 3Y*
- 18.63%
- 5Y*
- 13.47%
- 10Y*
- —
P500.DE vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.87% | 4.83% | 32.66% | 22.56% | -14.02% | 41.17% | 5.20% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.83% | 4.69% | 32.34% | 22.51% | -14.29% | 40.75% | 4.36% |
Correlation
The correlation between P500.DE and VUAA.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.99 |
The correlation between P500.DE and VUAA.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
P500.DE vs. VUAA.DE — Risk / Return Rank
P500.DE
VUAA.DE
P500.DE vs. VUAA.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 Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.07 | -0.03 |
| Martin ratioReturn relative to average drawdown | 10.75 | 10.94 | -0.19 |
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Drawdowns
P500.DE vs. VUAA.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.85%, roughly equal to the maximum VUAA.DE drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for P500.DE and VUAA.DE.
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Drawdown Indicators
| P500.DE | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -33.67% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -7.00% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -23.33% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -23.33% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.33% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -4.98% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.97% | +0.04% |
Volatility
P500.DE vs. VUAA.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (P500.DE) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) have volatilities of 2.98% and 2.99%, 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.
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Volatility by Period
| P500.DE | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.99% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 7.87% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 11.72% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 15.15% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 17.49% | -1.42% |
P500.DE vs. VUAA.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than VUAA.DE'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%.
Dividends
P500.DE vs. VUAA.DE - Dividend Comparison
Neither P500.DE nor VUAA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, P500.DE and VUAA.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 0.07% for VUAA.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.05% for P500.DE and 0.07% for VUAA.DE.
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