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SPY5.DE vs. P500.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPY5.DE vs. P500.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P 500 UCITS ETF (SPY5.DE) and Invesco S&P 500 UCITS ETF (P500.DE).

SPY5.DE and P500.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY5.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Mar 19, 2012. P500.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on May 20, 2010. Both SPY5.DE and P500.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPY5.DE vs. P500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P 500 UCITS ETF (SPY5.DE) and Invesco S&P 500 UCITS ETF (P500.DE). The values are adjusted to include any dividend payments, if applicable.

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SPY5.DE vs. P500.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPY5.DE
SPDR S&P 500 UCITS ETF		-2.99%4.75%32.36%22.42%-14.24%40.60%6.73%34.93%0.25%6.69%
P500.DE
Invesco S&P 500 UCITS ETF		-4.62%4.88%32.56%22.69%-14.05%41.05%7.04%34.88%-0.84%6.71%

Returns By Period

In the year-to-date period, SPY5.DE achieves a -2.99% return, which is significantly higher than P500.DE's -4.62% return. Both investments have delivered pretty close results over the past 10 years, with SPY5.DE having a 13.83% annualized return and P500.DE not far behind at 13.67%.

SPY5.DE

1D
1.71%
1M
-3.09%
YTD
-2.99%
6M
0.08%
1Y
10.22%
3Y*
16.10%
5Y*
12.10%
10Y*
13.83%

P500.DE

1D
-0.08%
1M
-4.77%
YTD
-4.62%
6M
-1.58%
1Y
8.46%
3Y*
15.62%
5Y*
11.94%
10Y*
13.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SPDR S&P 500 UCITS ETF

Invesco S&P 500 UCITS ETF

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Often compared with P500.DE:
P500.DE vs. SPYP500.DE vs. D500.DEP500.DE vs. CSPX.ASP500.DE vs. GSPX.LP500.DE vs. VOOP500.DE vs. D5BM.DEP500.DE vs. IVV

SPY5.DE vs. P500.DE - Expense Ratio Comparison

SPY5.DE has a 0.03% expense ratio, which is lower than P500.DE's 0.05% 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%.

P500.DE
Invesco S&P 500 UCITS ETF
SPY5.DE
SPDR S&P 500 UCITS ETF

Return for Risk

SPY5.DE vs. P500.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPY5.DE
SPY5.DE Risk / Return Rank: 3636
Overall Rank
SPY5.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
SPY5.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
SPY5.DE Omega Ratio Rank: 3131
Omega Ratio Rank
SPY5.DE Calmar Ratio Rank: 4444
Calmar Ratio Rank
SPY5.DE Martin Ratio Rank: 4545
Martin Ratio Rank
P500.DE
P500.DE Risk / Return Rank: 2929
Overall Rank
P500.DE Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
P500.DE Sortino Ratio Rank: 2828
Sortino Ratio Rank
P500.DE Omega Ratio Rank: 3030
Omega Ratio Rank
P500.DE Calmar Ratio Rank: 2626
Calmar Ratio Rank
P500.DE Martin Ratio Rank: 3030
Martin Ratio Rank
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.

SPY5.DE vs. P500.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPY5.DE) and Invesco S&P 500 UCITS ETF (P500.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.

SPY5.DEP500.DEDifference

Sharpe ratio

Return per unit of total volatility

0.59

0.58

+0.02

Sortino ratio

Return per unit of downside risk

0.90

0.88

+0.02

Omega ratio

Gain probability vs. loss probability

1.13

1.13

0.00

Calmar ratio

Return relative to maximum drawdown

1.20

0.63

+0.56

Martin ratio

Return relative to average drawdown

4.39

2.63

+1.76

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY5.DE vs. P500.DE - Sharpe Ratio Comparison

The current SPY5.DE Sharpe Ratio is 0.59, which is comparable to the P500.DE Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of SPY5.DE and P500.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SPY5.DEP500.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.59

0.58

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.78

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.84

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.94

-0.03

Correlation

The correlation between SPY5.DE and P500.DE is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPY5.DE vs. P500.DE - Dividend Comparison

SPY5.DE's dividend yield for the trailing twelve months is around 1.02%, while P500.DE has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
SPY5.DE
SPDR S&P 500 UCITS ETF		1.02%0.99%1.03%1.22%1.42%0.95%1.37%1.74%3.30%1.59%1.57%1.69%
P500.DE
Invesco S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SPY5.DE vs. P500.DE - Drawdown Comparison

The maximum SPY5.DE drawdown since its inception was -33.86%, roughly equal to the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SPY5.DE and P500.DE.

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Drawdown Indicators

SPY5.DEP500.DEDifference

Max Drawdown

Largest peak-to-trough decline

-33.86%

-33.78%

-0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-13.49%

-13.42%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-23.34%

-23.34%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-33.86%

-33.78%

-0.08%

Current Drawdown

Current decline from peak

-5.19%

-6.78%

+1.59%

Average Drawdown

Average peak-to-trough decline

-3.99%

-3.89%

-0.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

3.22%

-0.89%

Volatility

SPY5.DE vs. P500.DE - Volatility Comparison

SPDR S&P 500 UCITS ETF (SPY5.DE) has a higher volatility of 3.80% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 3.27%. This indicates that SPY5.DE's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPY5.DEP500.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

3.27%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

8.58%

8.46%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

17.07%

+0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.21%

15.19%

+0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

16.11%

+0.01%