XZSP.DE vs. E500.DE

Last updated Jun 5, 2026

XZSP.DE (Xtrackers S&P 500 ESG UCITS ETF 1C) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - XZSP.DE tracks the S&P 500 ESG while E500.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, XZSP.DE returned 18.55%/yr vs 19.53%/yr for E500.DE. Their correlation of 0.81 suggests significant overlap in exposure. XZSP.DE charges 0.08%/yr vs 0.05%/yr for E500.DE.

Performance

XZSP.DE vs. E500.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.DE) and Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZSP.DE achieves a 11.17% return, which is significantly higher than E500.DE's 8.91% return.

XZSP.DE

• 1D: 0.61%
• 1M: 5.47%
• YTD: 11.17%
• 6M: 11.67%
• 1Y: 28.67%
• 3Y*: 18.55%
• 5Y*: —
• 10Y*: —

E500.DE

• 1D: 0.01%
• 1M: 4.31%
• YTD: 8.91%
• 6M: 9.68%
• 1Y: 24.57%
• 3Y*: 19.53%
• 5Y*: 11.18%
• 10Y*: 12.71%

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

XZSP.DE vs. E500.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZSP.DE Xtrackers S&P 500 ESG UCITS ETF 1C	11.17%	5.34%	31.24%	23.89%	-4.47%
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg)	8.91%	15.32%	22.74%	23.33%	-3.16%

Correlation

The correlation between XZSP.DE and E500.DE is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.81

The correlation between XZSP.DE and E500.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

Return for Risk

XZSP.DE vs. E500.DE — Risk / Return Rank

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

XZSP.DE

XZSP.DE Risk / Return Rank: 79
XZSP.DE Sharpe Ratio Rank: 78
XZSP.DE Sortino Ratio Rank: 76
XZSP.DE Omega Ratio Rank: 78
XZSP.DE Calmar Ratio Rank: 80
XZSP.DE Martin Ratio Rank: 81

E500.DE

E500.DE Risk / Return Rank: 63
E500.DE Sharpe Ratio Rank: 63
E500.DE Sortino Ratio Rank: 67
E500.DE Omega Ratio Rank: 63
E500.DE Calmar Ratio Rank: 57
E500.DE Martin Ratio Rank: 66

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.

XZSP.DE vs. E500.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.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.

	XZSP.DE	E500.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.08	+0.39
Sortino ratio: Return per unit of downside risk	3.36	3.04	+0.32
Omega ratio: Gain probability vs. loss probability	1.46	1.37	+0.08
Calmar ratio: Return relative to maximum drawdown	4.07	2.80	+1.26
Martin ratio: Return relative to average drawdown	15.72	11.96	+3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZSP.DE vs. E500.DE - Sharpe Ratio Comparison

The current XZSP.DE Sharpe Ratio is 2.47, which is comparable to the E500.DE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of XZSP.DE and E500.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

	XZSP.DE	E500.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.08	+0.39
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	1.31	0.73	+0.58

Drawdowns

XZSP.DE vs. E500.DE - Drawdown Comparison

The maximum XZSP.DE drawdown since its inception was -23.40%, smaller than the maximum E500.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for XZSP.DE and E500.DE.

Drawdown Indicators

	XZSP.DE	E500.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.40%	-34.20%	+10.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-8.73%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-23.40%	-18.50%	-4.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.20%	—
Current Drawdown Current decline from peak	0.00%	-0.59%	+0.59%
Average Drawdown Average peak-to-trough decline	-3.09%	-4.97%	+1.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.05%	-0.23%

Volatility

XZSP.DE vs. E500.DE - Volatility Comparison

The current volatility for Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.DE) is 2.79%, while Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) has a volatility of 3.11%. This indicates that XZSP.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.

Volatility by Period

	XZSP.DE	E500.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.11%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	8.64%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	11.77%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.26%	15.99%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.26%	16.61%	-2.35%

XZSP.DE vs. E500.DE - Expense Ratio Comparison

XZSP.DE has a 0.08% 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

XZSP.DE vs. E500.DE - Dividend Comparison

Neither XZSP.DE nor E500.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZSP.DE and E500.DE in my portfolio?

XZSP.DE and E500.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZSP.DE or E500.DE?

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.

Which ETF is cheaper, XZSP.DE or E500.DE?

E500.DE is cheaper with a 0.05% expense ratio, compared with 0.08% for XZSP.DE.

What is the main difference between XZSP.DE and E500.DE?

XZSP.DE tracks S&P 500 ESG, while E500.DE tracks S&P 500 Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.08% for XZSP.DE and 0.05% for E500.DE.