IBCF.DE vs. SP2Q.DE
IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - IBCF.DE tracks the S&P 500 EUR Hedged Index while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, IBCF.DE returned 11.10%/yr vs 9.25%/yr for SP2Q.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IBCF.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCF.DE achieves a 8.84% return, which is significantly lower than SP2Q.DE's 10.37% return.
IBCF.DE
- 1D
- -0.02%
- 1M
- 4.41%
- YTD
- 8.84%
- 6M
- 9.66%
- 1Y
- 24.65%
- 3Y*
- 19.50%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.59%
- YTD
- 10.37%
- 6M
- 10.95%
- 1Y
- 17.59%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
IBCF.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 8.84% | 15.42% | 22.97% | 23.21% | -21.83% | 16.99% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 9.91% | -6.71% | 31.98% |
Correlation
The correlation between IBCF.DE and SP2Q.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.73 |
The correlation between IBCF.DE and SP2Q.DE shifts across timeframes, from 0.55 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCF.DE vs. SP2Q.DE — Risk / Return Rank
IBCF.DE
SP2Q.DE
IBCF.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.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.
| IBCF.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.43 | -0.62 |
| Martin ratioReturn relative to average drawdown | 12.07 | 10.24 | +1.83 |
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
| IBCF.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.64 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.61 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.75 | -0.02 |
Drawdowns
IBCF.DE vs. SP2Q.DE - Drawdown Comparison
The maximum IBCF.DE drawdown since its inception was -35.06%, which is greater than SP2Q.DE's maximum drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for IBCF.DE and SP2Q.DE.
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Drawdown Indicators
| IBCF.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -22.73% | -12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -5.11% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -22.73% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -22.73% | -3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.06% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -5.22% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.71% | +0.33% |
Volatility
IBCF.DE vs. SP2Q.DE - Volatility Comparison
iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) has a higher volatility of 3.08% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.04%. This indicates that IBCF.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
| IBCF.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.04% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 6.81% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 10.66% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 14.91% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 15.44% | +0.90% |
IBCF.DE vs. SP2Q.DE - Expense Ratio Comparison
Both IBCF.DE and SP2Q.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCF.DE vs. SP2Q.DE - Dividend Comparison
Neither IBCF.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCF.DE and SP2Q.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCF.DE and SP2Q.DE have the same expense ratio: 0.20% per year.
IBCF.DE tracks S&P 500 EUR Hedged Index, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: iShares and Invesco.
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