XAAG.DE vs. D500.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and D500.DE (Invesco S&P 500 UCITS ETF Dist) are both exchange-traded funds - XAAG.DE is a Commodities fund tracking the Bloomberg Commodity ex-Agriculture and Livestock, while D500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XAAG.DE returned 14.95%/yr vs 15.48%/yr for D500.DE. At a 0.25 correlation, their price movements are largely independent. XAAG.DE charges 0.19%/yr vs 0.05%/yr for D500.DE.
Performance
XAAG.DE vs. D500.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XAAG.DE achieves a 27.69% return, which is significantly higher than D500.DE's 11.58% return.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
D500.DE
- 1D
- -0.31%
- 1M
- 4.52%
- YTD
- 11.58%
- 6M
- 11.08%
- 1Y
- 25.86%
- 3Y*
- 19.34%
- 5Y*
- 15.48%
- 10Y*
- 15.85%
XAAG.DE vs. D500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 23.35% | 39.76% | -19.46% | 12.99% | -5.11% | 4.28% |
D500.DE Invesco S&P 500 UCITS ETF Dist | 11.58% | 4.86% | 32.62% | 22.70% | -13.34% | 43.50% | 9.36% | 35.52% | -0.84% | 5.25% |
Correlation
The correlation between XAAG.DE and D500.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.25 |
Over the past year, the correlation between XAAG.DE and D500.DE has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XAAG.DE vs. D500.DE — Risk / Return Rank
XAAG.DE
D500.DE
XAAG.DE vs. D500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and Invesco S&P 500 UCITS ETF Dist (D500.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.
| XAAG.DE | D500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.60 | +0.48 |
| Martin ratioReturn relative to average drawdown | 9.65 | 12.88 | -3.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XAAG.DE | D500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.24 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.01 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.88 | -0.40 |
Drawdowns
XAAG.DE vs. D500.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, roughly equal to the maximum D500.DE drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and D500.DE.
Loading charts...
Drawdown Indicators
| XAAG.DE | D500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -33.57% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -7.14% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -23.29% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | -23.29% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.57% | — |
Current DrawdownCurrent decline from peak | -2.54% | -0.31% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -4.25% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 2.00% | +2.89% |
Volatility
XAAG.DE vs. D500.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 4.71% compared to Invesco S&P 500 UCITS ETF Dist (D500.DE) at 2.66%. This indicates that XAAG.DE's price experiences larger fluctuations and is considered to be riskier than D500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XAAG.DE | D500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 2.66% | +2.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 7.54% | +11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 11.59% | +10.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 15.17% | +5.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 16.08% | +2.32% |
XAAG.DE vs. D500.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is higher than D500.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
XAAG.DE vs. D500.DE - Dividend Comparison
XAAG.DE has not paid dividends to shareholders, while D500.DE's dividend yield for the trailing twelve months is around 1.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
D500.DE Invesco S&P 500 UCITS ETF Dist | 1.08% | 1.18% | 1.27% | 1.54% | 2.63% | 2.72% | 3.53% | 2.34% | 2.08% | 1.67% | 1.70% | 0.29% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAAG.DE and D500.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D500.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for XAAG.DE.
XAAG.DE is categorized as Commodities, while D500.DE is S&P 500. XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while D500.DE tracks S&P 500 Index. Their fees differ too: 0.19% for XAAG.DE and 0.05% for D500.DE.
Find the right allocation for XAAG.DE and D500.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer