IBCK.DE vs. SP2Q.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - IBCK.DE tracks the S&P 500 Minimum Volatility while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, IBCK.DE returned 9.91%/yr vs 9.25%/yr for SP2Q.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IBCK.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCK.DE achieves a 5.14% return, which is significantly lower than SP2Q.DE's 10.37% return.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.61%
- YTD
- 5.14%
- 6M
- 5.32%
- 1Y
- 9.77%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.03%
- YTD
- 10.37%
- 6M
- 10.31%
- 1Y
- 18.06%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
IBCK.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 23.30% |
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 IBCK.DE and SP2Q.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.82 |
The correlation between IBCK.DE and SP2Q.DE has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
IBCK.DE vs. SP2Q.DE — Risk / Return Rank
IBCK.DE
SP2Q.DE
IBCK.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IBCK.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.43 | -1.60 |
| Martin ratioReturn relative to average drawdown | 5.31 | 10.24 | -4.93 |
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
| IBCK.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.64 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.61 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.75 | +0.14 |
Drawdowns
IBCK.DE vs. SP2Q.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, 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 IBCK.DE and SP2Q.DE.
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Drawdown Indicators
| IBCK.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -22.73% | -10.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -5.11% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -22.73% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -22.73% | +5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | 0.00% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.22% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.71% | +0.04% |
Volatility
IBCK.DE vs. SP2Q.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) has a higher volatility of 2.26% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.04%. This indicates that IBCK.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
| IBCK.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 2.04% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 6.81% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 10.66% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 14.91% | -2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 15.44% | -1.42% |
IBCK.DE vs. SP2Q.DE - Expense Ratio Comparison
Both IBCK.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
IBCK.DE vs. SP2Q.DE - Dividend Comparison
Neither IBCK.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and SP2Q.DE have a correlation of 0.79, 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.
IBCK.DE and SP2Q.DE have the same expense ratio: 0.20% per year.
IBCK.DE tracks S&P 500 Minimum Volatility, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: iShares and Invesco.
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