QVMP.DE vs. SP2Q.DE

Last updated Jul 18, 2026

QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds from Invesco - QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, QVMP.DE returned 14.94%/yr vs 9.62%/yr for SP2Q.DE. A 0.78 correlation means they provide meaningful diversification when combined. QVMP.DE charges 0.35%/yr vs 0.20%/yr for SP2Q.DE.

Performance

QVMP.DE vs. SP2Q.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 QVM UCITS ETF (QVMP.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QVMP.DE achieves a 16.75% return, which is significantly higher than SP2Q.DE's 14.88% return.

QVMP.DE

• 1D: -0.24%
• 1M: -3.71%
• 6M: 12.93%
• YTD: 16.75%
• 1Y: 21.95%
• 3Y*: 20.64%
• 5Y*: 14.94%
• 10Y*: —

SP2Q.DE

• 1D: 0.00%
• 1M: 2.69%
• 6M: 10.10%
• YTD: 14.88%
• 1Y: 20.30%
• 3Y*: 12.76%
• 5Y*: 9.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QVMP.DE vs. SP2Q.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QVMP.DE Invesco S&P 500 QVM UCITS ETF	16.75%	1.52%	37.26%	3.43%	6.14%	21.83%
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc	14.88%	-0.55%	18.83%	9.91%	-6.71%	31.96%

Correlation

The correlation between QVMP.DE and SP2Q.DE is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021	0.78

The correlation between QVMP.DE and SP2Q.DE shifts across timeframes, from 0.61 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QVMP.DE vs. SP2Q.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QVMP.DE

QVMP.DE Risk / Return Rank: 76
QVMP.DE Sharpe Ratio Rank: 72
QVMP.DE Sortino Ratio Rank: 69
QVMP.DE Omega Ratio Rank: 72
QVMP.DE Calmar Ratio Rank: 83
QVMP.DE Martin Ratio Rank: 86

SP2Q.DE

SP2Q.DE Risk / Return Rank: 82
SP2Q.DE Sharpe Ratio Rank: 81
SP2Q.DE Sortino Ratio Rank: 79
SP2Q.DE Omega Ratio Rank: 79
SP2Q.DE Calmar Ratio Rank: 89
SP2Q.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QVMP.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (QVMP.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.

	QVMP.DE	SP2Q.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.99	-0.20
Sortino ratio: Return per unit of downside risk	2.46	2.72	-0.26
Omega ratio: Gain probability vs. loss probability	1.33	1.36	-0.03
Calmar ratio: Return relative to maximum drawdown	3.47	3.99	-0.52
Martin ratio: Return relative to average drawdown	13.48	12.33	+1.15

QVMP.DE vs. SP2Q.DE - Sharpe Ratio Comparison

The current QVMP.DE Sharpe Ratio is 1.79, which is comparable to the SP2Q.DE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of QVMP.DE and SP2Q.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QVMP.DE vs. SP2Q.DE - Drawdown Comparison

The maximum QVMP.DE drawdown since its inception was -34.11%, 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 QVMP.DE and SP2Q.DE.

Drawdown Indicators

	QVMP.DE	SP2Q.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.11%	-22.73%	-11.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	-5.11%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.87%	-22.73%	+2.86%
Max Drawdown (5Y) Largest decline over 5 years	-19.87%	-22.73%	+2.86%
Current Drawdown Current decline from peak	-6.29%	-0.26%	-6.03%
Average Drawdown Average peak-to-trough decline	-5.50%	-5.10%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.65%	-0.03%

Volatility

QVMP.DE vs. SP2Q.DE - Volatility Comparison

Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a higher volatility of 6.95% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.73%. This indicates that QVMP.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.

Volatility by Period

	QVMP.DE	SP2Q.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	2.73%	+4.22%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	7.11%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.30%	10.54%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	14.95%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.38%	15.35%	+3.03%

QVMP.DE vs. SP2Q.DE - Expense Ratio Comparison

QVMP.DE has a 0.35% expense ratio, which is higher than SP2Q.DE's 0.20% expense ratio.

Dividends

QVMP.DE vs. SP2Q.DE - Dividend Comparison

QVMP.DE's dividend yield for the trailing twelve months is around 0.81%, while SP2Q.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVMP.DE Invesco S&P 500 QVM UCITS ETF	0.81%	0.84%	0.82%	1.61%	1.82%	0.86%	1.58%	1.38%	1.31%	0.72%
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QVMP.DE and SP2Q.DE in my portfolio?

QVMP.DE and SP2Q.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QVMP.DE or SP2Q.DE?

On fees, SP2Q.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVMP.DE or SP2Q.DE?

SP2Q.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for QVMP.DE.

What is the main difference between QVMP.DE and SP2Q.DE?

QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while SP2Q.DE tracks S&P 500® Equal Weight. Their fees differ too: 0.35% for QVMP.DE and 0.20% for SP2Q.DE.