ESAP.DE vs. SP2Q.DE
ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - ESAP.DE tracks the S&P 500 Index while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, ESAP.DE returned 12.66%/yr vs 8.95%/yr for SP2Q.DE. Their correlation of 0.82 suggests significant overlap in exposure. ESAP.DE charges 0.15%/yr vs 0.20%/yr for SP2Q.DE.
Performance
ESAP.DE vs. SP2Q.DE - Performance Comparison
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Different Trading Currencies
ESAP.DE is traded in USD, while SP2Q.DE is traded in EUR. To make them comparable, the SP2Q.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESAP.DE achieves a 8.66% return, which is significantly lower than SP2Q.DE's 11.90% return.
ESAP.DE
- 1D
- -1.27%
- 1M
- -0.59%
- 6M
- 7.88%
- YTD
- 8.66%
- 1Y
- 19.67%
- 3Y*
- 19.19%
- 5Y*
- 12.66%
- 10Y*
- —
SP2Q.DE
- 1D
- 0.00%
- 1M
- 2.16%
- 6M
- 8.62%
- YTD
- 11.90%
- 1Y
- 18.70%
- 3Y*
- 13.47%
- 5Y*
- 8.95%
- 10Y*
- —
ESAP.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 8.66% | 17.48% | 24.88% | 26.97% | -19.20% | 18.37% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 11.90% | 12.27% | 12.04% | 13.38% | -11.85% | 25.59% |
Correlation
The correlation between ESAP.DE and SP2Q.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.82 |
The correlation between ESAP.DE and SP2Q.DE shifts across timeframes, from 0.67 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ESAP.DE vs. SP2Q.DE — Risk / Return Rank
ESAP.DE
SP2Q.DE
ESAP.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.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.
| ESAP.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.79 | -0.40 |
| Martin ratioReturn relative to average drawdown | 9.56 | 9.90 | -0.33 |
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Drawdowns
ESAP.DE vs. SP2Q.DE - Drawdown Comparison
The maximum ESAP.DE drawdown since its inception was -34.28%, which is greater than SP2Q.DE's maximum drawdown of -20.81%. Use the drawdown chart below to compare losses from any high point for ESAP.DE and SP2Q.DE.
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Drawdown Indicators
| ESAP.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.28% | -20.81% | -13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.20% | -6.74% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.70% | -19.84% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -20.81% | -3.53% |
Current DrawdownCurrent decline from peak | -1.79% | -0.04% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -5.11% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 1.89% | +0.16% |
Volatility
ESAP.DE vs. SP2Q.DE - Volatility Comparison
BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a higher volatility of 2.94% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.28%. This indicates that ESAP.DE's price experiences larger fluctuations and is considered to be riskier than SP2Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESAP.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.28% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 7.38% | +1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 10.61% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.10% | 15.84% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 16.21% | +1.78% |
ESAP.DE vs. SP2Q.DE - Expense Ratio Comparison
ESAP.DE has a 0.15% expense ratio, which is lower than SP2Q.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ESAP.DE vs. SP2Q.DE - Dividend Comparison
Neither ESAP.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
ESAP.DE and SP2Q.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESAP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESAP.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SP2Q.DE.
ESAP.DE tracks S&P 500 Index, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.15% for ESAP.DE and 0.20% for SP2Q.DE.
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