WDTE.DE vs. P500.DE

Last updated Jun 5, 2026

WDTE.DE (Invesco S&P World Information Technology ESG UCITS ETF Acc) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - WDTE.DE is a Technology Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, WDTE.DE returned 25.83%/yr vs 19.07%/yr for P500.DE. Their correlation of 0.84 suggests significant overlap in exposure. WDTE.DE charges 0.18%/yr vs 0.05%/yr for P500.DE.

Performance

WDTE.DE vs. P500.DE - Performance Comparison

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

Returns By Period

In the year-to-date period, WDTE.DE achieves a 18.32% return, which is significantly higher than P500.DE's 11.47% return.

WDTE.DE

• 1D: -2.54%
• 1M: 12.94%
• YTD: 18.32%
• 6M: 18.30%
• 1Y: 36.88%
• 3Y*: 25.83%
• 5Y*: —
• 10Y*: —

P500.DE

• 1D: -0.10%
• 1M: 5.26%
• YTD: 11.47%
• 6M: 11.50%
• 1Y: 25.80%
• 3Y*: 19.07%
• 5Y*: 14.99%
• 10Y*: 15.16%

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

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

	2026 (YTD)	2025	2024	2023
WDTE.DE Invesco S&P World Information Technology ESG UCITS ETF Acc	18.32%	6.19%	42.11%	32.17%
P500.DE Invesco S&P 500 UCITS ETF	11.47%	4.88%	32.56%	15.71%

Correlation

The correlation between WDTE.DE and P500.DE is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	0.84

The correlation between WDTE.DE and P500.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WDTE.DE

WDTE.DE Risk / Return Rank: 50
WDTE.DE Sharpe Ratio Rank: 56
WDTE.DE Sortino Ratio Rank: 52
WDTE.DE Omega Ratio Rank: 52
WDTE.DE Calmar Ratio Rank: 48
WDTE.DE Martin Ratio Rank: 40

P500.DE

P500.DE Risk / Return Rank: 70
P500.DE Sharpe Ratio Rank: 69
P500.DE Sortino Ratio Rank: 67
P500.DE Omega Ratio Rank: 71
P500.DE Calmar Ratio Rank: 73
P500.DE Martin Ratio Rank: 70

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.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.

	WDTE.DE	P500.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.88	2.23	-0.35
Sortino ratio: Return per unit of downside risk	2.51	3.03	-0.53
Omega ratio: Gain probability vs. loss probability	1.32	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	2.33	3.62	-1.29
Martin ratio: Return relative to average drawdown	6.14	12.91	-6.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current WDTE.DE Sharpe Ratio is 1.88, which is comparable to the P500.DE Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of WDTE.DE and P500.DE, 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

	WDTE.DE	P500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.23	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.01	+0.43

Drawdowns

WDTE.DE vs. P500.DE - Drawdown Comparison

The maximum WDTE.DE drawdown since its inception was -28.19%, smaller than the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for WDTE.DE and P500.DE.

Drawdown Indicators

	WDTE.DE	P500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-33.78%	+5.59%
Max Drawdown (1Y) Largest decline over 1 year	-15.79%	-7.11%	-8.68%
Max Drawdown (3Y) Largest decline over 3 years	-28.19%	-23.34%	-4.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.78%	—
Current Drawdown Current decline from peak	-3.63%	-0.40%	-3.23%
Average Drawdown Average peak-to-trough decline	-4.97%	-3.85%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	1.99%	+4.00%

Volatility

WDTE.DE vs. P500.DE - Volatility Comparison

Invesco S&P World Information Technology ESG UCITS ETF Acc (WDTE.DE) has a higher volatility of 8.26% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that WDTE.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.

Volatility by Period

	WDTE.DE	P500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	2.65%	+5.61%
Volatility (6M) Calculated over the trailing 6-month period	15.09%	7.59%	+7.50%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	11.52%	+7.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.74%	15.17%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.74%	16.07%	+5.67%

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

WDTE.DE has a 0.18% expense ratio, which is higher than P500.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

WDTE.DE vs. P500.DE - Dividend Comparison

Neither WDTE.DE nor P500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WDTE.DE and P500.DE in my portfolio?

WDTE.DE and P500.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDTE.DE or P500.DE?

On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDTE.DE or P500.DE?

P500.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for WDTE.DE.

What is the main difference between WDTE.DE and P500.DE?

WDTE.DE is categorized as Technology Equities, while P500.DE is S&P 500. WDTE.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Information Technology, while P500.DE tracks S&P 500 Index. Their fees differ too: 0.18% for WDTE.DE and 0.05% for P500.DE.