P500.DE vs. WDEE.DE

Last updated Jun 5, 2026

P500.DE (Invesco S&P 500 UCITS ETF) and WDEE.DE (Invesco S&P World Energy ESG UCITS ETF Acc) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while WDEE.DE is a Energy Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. Both are passively managed. Over the past 3 years, P500.DE returned 19.07%/yr vs 16.13%/yr for WDEE.DE. At a 0.26 correlation, their price movements are largely independent. P500.DE charges 0.05%/yr vs 0.18%/yr for WDEE.DE.

Performance

P500.DE vs. WDEE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 UCITS ETF (P500.DE) and Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly lower than WDEE.DE's 33.31% 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%

WDEE.DE

• 1D: 2.19%
• 1M: 3.35%
• YTD: 33.31%
• 6M: 28.18%
• 1Y: 39.15%
• 3Y*: 16.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

P500.DE vs. WDEE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
P500.DE Invesco S&P 500 UCITS ETF	11.47%	4.88%	32.56%	15.71%
WDEE.DE Invesco S&P World Energy ESG UCITS ETF Acc	33.31%	-2.96%	9.29%	6.37%

Correlation

The correlation between P500.DE and WDEE.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.26

The correlation between P500.DE and WDEE.DE shifts across timeframes, from -0.02 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

P500.DE vs. WDEE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

P500.DE

P500.DE Risk / Return Rank: 70
P500.DE Sharpe Ratio Rank: 69
P500.DE Sortino Ratio Rank: 67
P500.DE Omega Ratio Rank: 71
P500.DE Calmar Ratio Rank: 73
P500.DE Martin Ratio Rank: 70

WDEE.DE

WDEE.DE Risk / Return Rank: 53
WDEE.DE Sharpe Ratio Rank: 52
WDEE.DE Sortino Ratio Rank: 48
WDEE.DE Omega Ratio Rank: 50
WDEE.DE Calmar Ratio Rank: 60
WDEE.DE Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

P500.DE vs. WDEE.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 World Energy ESG UCITS ETF Acc (WDEE.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	WDEE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.75	+0.48
Sortino ratio: Return per unit of downside risk	3.03	2.29	+0.75
Omega ratio: Gain probability vs. loss probability	1.41	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.62	2.94	+0.68
Martin ratio: Return relative to average drawdown	12.91	9.51	+3.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

P500.DE vs. WDEE.DE - Sharpe Ratio Comparison

The current P500.DE Sharpe Ratio is 2.23, which is comparable to the WDEE.DE Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of P500.DE and WDEE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	P500.DE	WDEE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.75	+0.48
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	0.69	+0.32

Drawdowns

P500.DE vs. WDEE.DE - Drawdown Comparison

The maximum P500.DE drawdown since its inception was -33.78%, which is greater than WDEE.DE's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for P500.DE and WDEE.DE.

Drawdown Indicators

	P500.DE	WDEE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-23.77%	-10.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-12.42%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	-23.34%	-23.77%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	—	—
Current Drawdown Current decline from peak	-0.40%	-4.37%	+3.97%
Average Drawdown Average peak-to-trough decline	-3.85%	-7.19%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	3.85%	-1.86%

Volatility

P500.DE vs. WDEE.DE - Volatility Comparison

The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco S&P World Energy ESG UCITS ETF Acc (WDEE.DE) has a volatility of 7.54%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky than WDEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	P500.DE	WDEE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	7.54%	-4.89%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	17.53%	-9.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	20.89%	-9.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	19.94%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	19.94%	-3.87%

P500.DE vs. WDEE.DE - Expense Ratio Comparison

P500.DE has a 0.05% expense ratio, which is lower than WDEE.DE's 0.18% 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. WDEE.DE - Dividend Comparison

Neither P500.DE nor WDEE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both P500.DE and WDEE.DE in my portfolio?

P500.DE and WDEE.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, P500.DE or WDEE.DE?

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.

Which ETF is cheaper, P500.DE or WDEE.DE?

P500.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for WDEE.DE.

What is the main difference between P500.DE and WDEE.DE?

P500.DE is categorized as S&P 500, while WDEE.DE is Energy Equities. P500.DE tracks S&P 500 Index, while WDEE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Energy. Their fees differ too: 0.05% for P500.DE and 0.18% for WDEE.DE.