P500.DE vs. XDEW.DE
P500.DE (Invesco S&P 500 UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - P500.DE tracks the S&P 500 Index while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, P500.DE returned 14.54%/yr vs 11.04%/yr for XDEW.DE. Their correlation of 0.89 suggests significant overlap in exposure. P500.DE charges 0.05%/yr vs 0.20%/yr for XDEW.DE.
Performance
P500.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.87% return, which is significantly lower than XDEW.DE's 14.50% return. Over the past 10 years, P500.DE has outperformed XDEW.DE with an annualized return of 14.54%, while XDEW.DE has yielded a comparatively lower 11.04% annualized return.
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%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
P500.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.87% | 4.83% | 32.66% | 22.56% | -14.02% | 41.17% | 6.99% | 34.95% | -1.01% | 6.74% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between P500.DE and XDEW.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.89 |
Over the past year, the correlation between P500.DE and XDEW.DE has dropped to 0.67 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
P500.DE vs. XDEW.DE — Risk / Return Rank
P500.DE
XDEW.DE
P500.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.91 | -0.87 |
| Martin ratioReturn relative to average drawdown | 10.75 | 12.05 | -1.30 |
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Drawdowns
P500.DE vs. XDEW.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.85%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for P500.DE and XDEW.DE.
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Drawdown Indicators
| P500.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -38.79% | +4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -5.06% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -22.70% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | -22.70% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -38.79% | +4.94% |
Current DrawdownCurrent decline from peak | -1.36% | -0.61% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -5.33% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.65% | +0.36% |
Volatility
P500.DE vs. XDEW.DE - Volatility Comparison
Invesco S&P 500 UCITS ETF (P500.DE) has a higher volatility of 2.98% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that P500.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.81% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 6.82% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 10.43% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 14.90% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 16.80% | -0.73% |
P500.DE vs. XDEW.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than XDEW.DE's 0.20% 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. XDEW.DE - Dividend Comparison
Neither P500.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and XDEW.DE have a correlation of 0.67, 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 0.20% for XDEW.DE.
P500.DE tracks S&P 500 Index, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.05% for P500.DE and 0.20% for XDEW.DE.
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