UQAB.DE vs. E500.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while E500.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 19.53%/yr for E500.DE. Their correlation of 0.83 suggests significant overlap in exposure. UQAB.DE charges 0.07%/yr vs 0.05%/yr for E500.DE.
Performance
UQAB.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly lower than E500.DE's 8.91% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
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%
UQAB.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.91% | 15.32% | 22.74% | 23.33% | -18.42% |
Correlation
The correlation between UQAB.DE and E500.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.83 |
The correlation between UQAB.DE and E500.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
UQAB.DE vs. E500.DE — Risk / Return Rank
UQAB.DE
E500.DE
UQAB.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.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.
| UQAB.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.80 | -0.71 |
| Martin ratioReturn relative to average drawdown | 7.07 | 11.96 | -4.89 |
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
| UQAB.DE | E500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.08 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.73 | +0.02 |
Drawdowns
UQAB.DE vs. E500.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum E500.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and E500.DE.
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Drawdown Indicators
| UQAB.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -34.20% | +11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -8.73% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -18.50% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.20% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.59% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.97% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.05% | +0.77% |
Volatility
UQAB.DE vs. E500.DE - Volatility Comparison
The current volatility for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) is 2.72%, while Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a volatility of 3.11%. This indicates that UQAB.DE experiences smaller price fluctuations and is considered to be less risky 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
| UQAB.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.11% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 8.64% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 11.77% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 15.99% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 16.61% | -1.06% |
UQAB.DE vs. E500.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is higher than E500.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UQAB.DE vs. E500.DE - Dividend Comparison
Neither UQAB.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
UQAB.DE and E500.DE have a correlation of 0.80, 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 0.07% for UQAB.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while E500.DE tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for UQAB.DE and 0.05% for E500.DE.
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