PE500.PA vs. WPEA.PA

Last updated Jun 5, 2026

PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) and WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) are both exchange-traded funds - PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index, while WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index. Both are passively managed. Over the past year, PE500.PA returned 27.69% vs 23.62% for WPEA.PA. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

PE500.PA vs. WPEA.PA - 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 iShares MSCI World Swap PEA UCITS ETF (WPEA.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PE500.PA having a 10.83% return and WPEA.PA slightly higher at 11.02%.

PE500.PA

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

WPEA.PA

• 1D: -0.06%
• 1M: 4.84%
• YTD: 11.02%
• 6M: 11.28%
• 1Y: 23.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PE500.PA vs. WPEA.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR	10.83%	3.89%	18.39%
WPEA.PA iShares MSCI World Swap PEA UCITS ETF	11.02%	6.89%	14.51%

Correlation

The correlation between PE500.PA and WPEA.PA is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.93

The correlation between PE500.PA and WPEA.PA has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

PE500.PA vs. WPEA.PA — 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

WPEA.PA

WPEA.PA Risk / Return Rank: 70
WPEA.PA Sharpe Ratio Rank: 66
WPEA.PA Sortino Ratio Rank: 66
WPEA.PA Omega Ratio Rank: 69
WPEA.PA Calmar Ratio Rank: 72
WPEA.PA Martin Ratio Rank: 75

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. WPEA.PA - 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 iShares MSCI World Swap PEA UCITS ETF (WPEA.PA). 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	WPEA.PA	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.14	+0.27
Sortino ratio: Return per unit of downside risk	3.31	3.00	+0.31
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	3.66	3.57	+0.09
Martin ratio: Return relative to average drawdown	14.05	14.20	-0.15
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. WPEA.PA - Sharpe Ratio Comparison

The current PE500.PA Sharpe Ratio is 2.42, which is comparable to the WPEA.PA Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of PE500.PA and WPEA.PA, 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	WPEA.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.14	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.03	-0.13

Drawdowns

PE500.PA vs. WPEA.PA - Drawdown Comparison

The maximum PE500.PA drawdown since its inception was -33.60%, which is greater than WPEA.PA's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for PE500.PA and WPEA.PA.

Drawdown Indicators

	PE500.PA	WPEA.PA	Difference
Max Drawdown Largest peak-to-trough decline	-33.60%	-21.59%	-12.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-6.53%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.69%	—	—
Current Drawdown Current decline from peak	0.00%	-0.37%	+0.37%
Average Drawdown Average peak-to-trough decline	-4.85%	-3.02%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.65%	+0.31%

Volatility

PE500.PA vs. WPEA.PA - Volatility Comparison

Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) has a higher volatility of 2.83% compared to iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) at 2.59%. This indicates that PE500.PA's price experiences larger fluctuations and is considered to be riskier than WPEA.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PE500.PA	WPEA.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.59%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	7.55%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	10.88%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	14.57%	+0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	14.57%	+2.41%

PE500.PA vs. WPEA.PA - Expense Ratio Comparison

Both PE500.PA and WPEA.PA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

PE500.PA vs. WPEA.PA - Dividend Comparison

Neither PE500.PA nor WPEA.PA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.93, PE500.PA and WPEA.PA 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 WPEA.PA?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PE500.PA or WPEA.PA?

PE500.PA and WPEA.PA have the same expense ratio: 0.25% per year.

What is the main difference between PE500.PA and WPEA.PA?

PE500.PA is categorized as S&P 500, while WPEA.PA is Global Equities. PE500.PA tracks S&P 500 ESG+ Index, while WPEA.PA tracks MSCI World NET TR EUR Index. They also come from different issuers: Amundi and iShares.