VUAA.DE vs. E500.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds tracking the S&P 500 Index, from Vanguard and Invesco respectively. Both are passively managed. Over the past 5 years, VUAA.DE returned 13.73%/yr vs 10.34%/yr for E500.DE. Their correlation of 0.85 suggests significant overlap in exposure. VUAA.DE charges 0.07%/yr vs 0.05%/yr for E500.DE.
Performance
VUAA.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 13.13% return, which is significantly higher than E500.DE's 8.08% return.
VUAA.DE
- 1D
- 0.22%
- 1M
- 1.44%
- 6M
- 11.74%
- YTD
- 13.13%
- 1Y
- 23.49%
- 3Y*
- 19.29%
- 5Y*
- 13.73%
- 10Y*
- —
E500.DE
- 1D
- -0.10%
- 1M
- -0.44%
- 6M
- 7.90%
- YTD
- 8.08%
- 1Y
- 18.19%
- 3Y*
- 17.27%
- 5Y*
- 10.34%
- 10Y*
- 12.34%
VUAA.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 13.13% | 4.69% | 32.34% | 22.51% | -14.29% | 40.75% | 4.36% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 8.08% | 15.34% | 22.74% | 23.32% | -21.40% | 28.58% | 15.73% |
Correlation
The correlation between VUAA.DE and E500.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.85 |
The correlation between VUAA.DE and E500.DE shifts across timeframes, from 0.68 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.DE vs. E500.DE — Risk / Return Rank
VUAA.DE
E500.DE
VUAA.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VUAA.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.96 | +1.38 |
| Martin ratioReturn relative to average drawdown | 11.91 | 8.34 | +3.57 |
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Drawdowns
VUAA.DE vs. E500.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, roughly equal to the maximum E500.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and E500.DE.
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Drawdown Indicators
| VUAA.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -34.19% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -9.24% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -18.50% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -25.81% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.19% | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.14% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -4.76% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.18% | -0.21% |
Volatility
VUAA.DE vs. E500.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 2.76%, while Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a volatility of 3.05%. This indicates that VUAA.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
| VUAA.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.05% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 9.49% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.83% | 12.16% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 16.07% | -0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 16.32% | +1.17% |
VUAA.DE vs. E500.DE - Expense Ratio Comparison
VUAA.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
VUAA.DE vs. E500.DE - Dividend Comparison
Neither VUAA.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
VUAA.DE and E500.DE have a correlation of 0.68, 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 VUAA.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VUAA.DE and 0.05% for E500.DE.
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