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.


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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