XZSP.DE vs. P500.DE
XZSP.DE (Xtrackers S&P 500 ESG UCITS ETF 1C) and P500.DE (Invesco S&P 500 UCITS ETF) are both S&P 500 funds - XZSP.DE tracks the S&P 500 ESG while P500.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, XZSP.DE returned 18.55%/yr vs 19.07%/yr for P500.DE. With a 0.98 correlation, they move nearly in lockstep. XZSP.DE charges 0.08%/yr vs 0.05%/yr for P500.DE.
Performance
XZSP.DE vs. P500.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XZSP.DE having a 11.17% return and P500.DE slightly higher at 11.47%.
XZSP.DE
- 1D
- 0.61%
- 1M
- 5.47%
- YTD
- 11.17%
- 6M
- 11.67%
- 1Y
- 28.67%
- 3Y*
- 18.55%
- 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%
XZSP.DE vs. P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -4.37% |
Correlation
The correlation between XZSP.DE and P500.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.98 |
The correlation between XZSP.DE and P500.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
XZSP.DE vs. P500.DE — Risk / Return Rank
XZSP.DE
P500.DE
XZSP.DE vs. P500.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 (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.
| XZSP.DE | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.62 | +0.45 |
| Martin ratioReturn relative to average drawdown | 15.72 | 12.91 | +2.81 |
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
| XZSP.DE | P500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.23 | +0.24 |
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 | 1.31 | 1.01 | +0.30 |
Drawdowns
XZSP.DE vs. P500.DE - Drawdown Comparison
The maximum XZSP.DE drawdown since its inception was -23.40%, smaller than the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for XZSP.DE and P500.DE.
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Drawdown Indicators
| XZSP.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.40% | -33.78% | +10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -7.11% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.40% | -23.34% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -3.85% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.99% | -0.17% |
Volatility
XZSP.DE vs. P500.DE - Volatility Comparison
Xtrackers S&P 500 ESG UCITS ETF 1C (XZSP.DE) has a higher volatility of 2.79% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that XZSP.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.
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Volatility by Period
| XZSP.DE | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.65% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 7.59% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 11.52% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 15.17% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 16.07% | -1.81% |
XZSP.DE vs. P500.DE - Expense Ratio Comparison
XZSP.DE has a 0.08% 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
XZSP.DE vs. P500.DE - Dividend Comparison
Neither XZSP.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XZSP.DE and P500.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.08% for XZSP.DE.
XZSP.DE tracks S&P 500 ESG, while P500.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 P500.DE.
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