SPY1.DE vs. E500.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while E500.DE tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, SPY1.DE returned 7.35%/yr vs 12.71%/yr for E500.DE. At a 0.42 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.05%/yr for E500.DE.
Performance
SPY1.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than E500.DE's 8.91% return. Over the past 10 years, SPY1.DE has underperformed E500.DE with an annualized return of 7.35%, while E500.DE has yielded a comparatively higher 12.71% annualized return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -0.80%
- YTD
- 2.00%
- 6M
- 1.78%
- 1Y
- -0.66%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
E500.DE
- 1D
- 0.01%
- 1M
- 3.11%
- YTD
- 8.91%
- 6M
- 9.39%
- 1Y
- 24.19%
- 3Y*
- 19.53%
- 5Y*
- 11.18%
- 10Y*
- 12.71%
SPY1.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.65% | 3.67% | 2.32% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.91% | 15.32% | 22.74% | 23.33% | -21.41% | 28.61% | 16.03% | 27.42% | -8.60% | 18.82% |
Correlation
The correlation between SPY1.DE and E500.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2014 | 0.42 |
The correlation between SPY1.DE and E500.DE shifts across timeframes, from -0.07 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPY1.DE vs. E500.DE — Risk / Return Rank
SPY1.DE
E500.DE
SPY1.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.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.
| SPY1.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.80 | -3.03 |
| Martin ratioReturn relative to average drawdown | -0.48 | 11.96 | -12.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY1.DE | E500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.08 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.78 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.73 | -0.04 |
Drawdowns
SPY1.DE vs. E500.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum E500.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and E500.DE.
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Drawdown Indicators
| SPY1.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -34.20% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -8.73% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -18.50% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -25.83% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -34.20% | -1.10% |
Current DrawdownCurrent decline from peak | -11.45% | -0.59% | -10.86% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.97% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.05% | +1.10% |
Volatility
SPY1.DE vs. E500.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 3.11%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than E500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY1.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.11% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.64% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 11.77% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 15.99% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 16.61% | -2.61% |
SPY1.DE vs. E500.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than E500.DE's 0.05% expense ratio.
Dividends
SPY1.DE vs. E500.DE - Dividend Comparison
Neither SPY1.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and E500.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, E500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
E500.DE is cheaper with a 0.05% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while E500.DE tracks S&P 500 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for SPY1.DE and 0.05% for E500.DE.
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