ZA30.DE vs. E500.DE
ZA30.DE (iShares S&P 500 ESG UCITS ETF USD Acc) and E500.DE (Invesco S&P 500 UCITS ETF (EUR Hdg)) are both S&P 500 funds - ZA30.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, ZA30.DE returned 19.31%/yr vs 17.95%/yr for E500.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZA30.DE charges 0.07%/yr vs 0.05%/yr for E500.DE.
Performance
ZA30.DE vs. E500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZA30.DE achieves a 12.40% return, which is significantly higher than E500.DE's 5.87% return.
ZA30.DE
- 1D
- 0.00%
- 1M
- 2.14%
- YTD
- 12.40%
- 6M
- 12.85%
- 1Y
- 29.48%
- 3Y*
- 19.31%
- 5Y*
- —
- 10Y*
- —
E500.DE
- 1D
- -0.30%
- 1M
- -2.24%
- YTD
- 5.87%
- 6M
- 5.69%
- 1Y
- 18.89%
- 3Y*
- 17.95%
- 5Y*
- 10.26%
- 10Y*
- 12.99%
ZA30.DE vs. E500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZA30.DE iShares S&P 500 ESG UCITS ETF USD Acc | 12.40% | 5.34% | 31.19% | 24.10% | -6.60% |
E500.DE Invesco S&P 500 UCITS ETF (EUR Hdg) | 5.87% | 15.34% | 22.74% | 23.32% | -3.23% |
Correlation
The correlation between ZA30.DE and E500.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.77 |
The correlation between ZA30.DE and E500.DE shifts across timeframes, from 0.64 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZA30.DE vs. E500.DE — Risk / Return Rank
ZA30.DE
E500.DE
ZA30.DE vs. E500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.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.
| ZA30.DE | E500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.04 | +2.25 |
| Martin ratioReturn relative to average drawdown | 16.33 | 8.83 | +7.50 |
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Drawdowns
ZA30.DE vs. E500.DE - Drawdown Comparison
The maximum ZA30.DE drawdown since its inception was -23.45%, smaller than the maximum E500.DE drawdown of -34.19%. Use the drawdown chart below to compare losses from any high point for ZA30.DE and E500.DE.
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Drawdown Indicators
| ZA30.DE | E500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.45% | -34.19% | +10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.91% | -9.24% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -18.50% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.19% | — |
Current DrawdownCurrent decline from peak | -0.11% | -3.17% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -3.18% | -4.77% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.13% | -0.32% |
Volatility
ZA30.DE vs. E500.DE - Volatility Comparison
iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE) has a higher volatility of 3.30% compared to Invesco S&P 500 UCITS ETF (EUR Hdg) (E500.DE) at 3.13%. This indicates that ZA30.DE's price experiences larger fluctuations and is considered to be riskier 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
| ZA30.DE | E500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.13% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 9.32% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 12.01% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 16.05% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 16.35% | -1.95% |
ZA30.DE vs. E500.DE - Expense Ratio Comparison
ZA30.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
ZA30.DE vs. E500.DE - Dividend Comparison
Neither ZA30.DE nor E500.DE has paid dividends to shareholders.
Frequently Asked Questions
ZA30.DE and E500.DE have a correlation of 0.64, 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 ZA30.DE.
ZA30.DE tracks S&P 500 ESG, while E500.DE tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for ZA30.DE and 0.05% for E500.DE.
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