PE500.PA vs. ACU2.DE

Last updated Jun 5, 2026

PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) and ACU2.DE (Amundi PEA MSCI USA ESG Leaders UCITS ETF EUR) are both exchange-traded funds - PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index, while ACU2.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, PE500.PA returned 14.38%/yr vs 12.95%/yr for ACU2.DE. Their correlation of 0.95 suggests significant overlap in exposure. PE500.PA charges 0.25%/yr vs 0.35%/yr for ACU2.DE.

Performance

PE500.PA vs. ACU2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and Amundi PEA MSCI USA ESG Leaders UCITS ETF EUR (ACU2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PE500.PA achieves a 10.83% return, which is significantly lower than ACU2.DE's 13.23% return.

PE500.PA

• 1D: 0.63%
• 1M: 5.49%
• YTD: 10.83%
• 6M: 11.25%
• 1Y: 27.69%
• 3Y*: 18.15%
• 5Y*: 14.38%
• 10Y*: —

ACU2.DE

• 1D: 0.31%
• 1M: 7.61%
• YTD: 13.23%
• 6M: 14.11%
• 1Y: 25.59%
• 3Y*: 16.67%
• 5Y*: 12.95%
• 10Y*: 14.18%

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

PE500.PA vs. ACU2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR	10.83%	3.89%	32.77%	21.94%	-14.19%	40.52%	7.92%	13.82%
ACU2.DE Amundi PEA MSCI USA ESG Leaders UCITS ETF EUR	13.23%	1.61%	26.66%	22.75%	-15.77%	38.66%	9.40%	14.64%

Correlation

The correlation between PE500.PA and ACU2.DE 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 21, 2019	0.95

The correlation between PE500.PA and ACU2.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

PE500.PA vs. ACU2.DE — Risk / Return Rank

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

PE500.PA

PE500.PA Risk / Return Rank: 75
PE500.PA Sharpe Ratio Rank: 76
PE500.PA Sortino Ratio Rank: 75
PE500.PA Omega Ratio Rank: 77
PE500.PA Calmar Ratio Rank: 74
PE500.PA Martin Ratio Rank: 75

ACU2.DE

ACU2.DE Risk / Return Rank: 57
ACU2.DE Sharpe Ratio Rank: 60
ACU2.DE Sortino Ratio Rank: 60
ACU2.DE Omega Ratio Rank: 59
ACU2.DE Calmar Ratio Rank: 53
ACU2.DE Martin Ratio Rank: 52

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.

PE500.PA vs. ACU2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and Amundi PEA MSCI USA ESG Leaders UCITS ETF EUR (ACU2.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.

	PE500.PA	ACU2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.00	+0.42
Sortino ratio: Return per unit of downside risk	3.31	2.76	+0.56
Omega ratio: Gain probability vs. loss probability	1.44	1.36	+0.09
Calmar ratio: Return relative to maximum drawdown	3.66	2.56	+1.10
Martin ratio: Return relative to average drawdown	14.05	8.85	+5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PE500.PA vs. ACU2.DE - Sharpe Ratio Comparison

The current PE500.PA Sharpe Ratio is 2.42, which is comparable to the ACU2.DE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of PE500.PA and ACU2.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

	PE500.PA	ACU2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.00	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.83	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.90	0.00

Drawdowns

PE500.PA vs. ACU2.DE - Drawdown Comparison

The maximum PE500.PA drawdown since its inception was -33.60%, roughly equal to the maximum ACU2.DE drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for PE500.PA and ACU2.DE.

Drawdown Indicators

	PE500.PA	ACU2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.60%	-34.31%	+0.71%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-9.95%	+2.48%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	-23.98%	+0.29%
Max Drawdown (5Y) Largest decline over 5 years	-23.69%	-23.98%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.31%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.85%	-4.32%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.88%	-0.92%

Volatility

PE500.PA vs. ACU2.DE - Volatility Comparison

The current volatility for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) is 2.83%, while Amundi PEA MSCI USA ESG Leaders UCITS ETF EUR (ACU2.DE) has a volatility of 3.21%. This indicates that PE500.PA experiences smaller price fluctuations and is considered to be less risky than ACU2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PE500.PA	ACU2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	3.21%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	8.92%	-1.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	12.76%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	15.47%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	16.24%	+0.74%

PE500.PA vs. ACU2.DE - Expense Ratio Comparison

PE500.PA has a 0.25% expense ratio, which is lower than ACU2.DE's 0.35% expense ratio.

Dividends

PE500.PA vs. ACU2.DE - Dividend Comparison

Neither PE500.PA nor ACU2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PE500.PA and ACU2.DE in my portfolio?

With a correlation of 0.91, PE500.PA and ACU2.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.

Which ETF is better, PE500.PA or ACU2.DE?

On fees, PE500.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PE500.PA or ACU2.DE?

PE500.PA is cheaper with a 0.25% expense ratio, compared with 0.35% for ACU2.DE.

What is the main difference between PE500.PA and ACU2.DE?

PE500.PA is categorized as S&P 500, while ACU2.DE is Large Cap Blend Equities. PE500.PA tracks S&P 500 ESG+ Index, while ACU2.DE tracks MSCI USA ESG Leaders Select 5% Issuer Capped. Their fees differ too: 0.25% for PE500.PA and 0.35% for ACU2.DE.