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For example looking at IE00B5BMR087 and IE0031442068 (both links in German), they seem to be very similar. Both try to track the S&P 500 in the same ways, the main difference seems to be that one is distributing while the other is accumulating.

However, there is a considerable difference in the price per share (~24 vs ~240). Why is that? And does the difference matter?

It seems to me that it wouldn't matter, because if the underlying market goes up x%, 10 shares of the 24 ETF would go up the same value as 1 share of the 240 ETF. So the only difference (apart from distributing vs accumulating) would be the restriction to only be able to purchase shares in steps of 240 at a time for the more expensive ETF. But it seems odd to me that there would be such a price discrepancy (is the distribution responsible for all of that?), so I'm wondering if I'm missing something.

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You are correct that it doesn't matter. The current value of one "share" of the S&P 500 is around USD2800 or EUR2400. An ETF typically chooses a ratio that it seeks to maintain with the index. One of your ETFs has chosen 0.01x and the other has chosen 0.1x. Sometimes an ETF can even split like a common stock, changing its ratio (and changing the number of ETF shares to compensate).

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