SP2D.DE vs. ESAP.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both S&P 500 funds - SP2D.DE tracks the S&P 500® Equal Weight while ESAP.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, SP2D.DE returned 12.11%/yr vs 18.75%/yr for ESAP.DE. A 0.79 correlation means they provide meaningful diversification when combined. SP2D.DE charges 0.20%/yr vs 0.15%/yr for ESAP.DE.
Performance
SP2D.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
SP2D.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SP2D.DE achieves a 10.33% return, which is significantly lower than ESAP.DE's 11.29% return.
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
ESAP.DE
- 1D
- -0.12%
- 1M
- 4.44%
- YTD
- 11.29%
- 6M
- 10.88%
- 1Y
- 25.40%
- 3Y*
- 18.75%
- 5Y*
- 14.69%
- 10Y*
- —
SP2D.DE vs. ESAP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 10.33% | -0.81% | 18.69% | 10.53% | -1.10% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.29% | 4.09% | 32.39% | 23.18% | -6.01% |
Correlation
The correlation between SP2D.DE and ESAP.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 (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.79 |
The correlation between SP2D.DE and ESAP.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SP2D.DE vs. ESAP.DE — Risk / Return Rank
SP2D.DE
ESAP.DE
SP2D.DE vs. ESAP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) and BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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.
| SP2D.DE | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.56 | -0.09 |
| Martin ratioReturn relative to average drawdown | 10.26 | 12.15 | -1.89 |
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
| SP2D.DE | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.03 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.84 | -0.28 |
Drawdowns
SP2D.DE vs. ESAP.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and ESAP.DE.
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Drawdown Indicators
| SP2D.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -33.74% | +11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -7.14% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -22.82% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -4.99% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 2.09% | -0.36% |
Volatility
SP2D.DE vs. ESAP.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.09%, while BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.01%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than ESAP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SP2D.DE | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.01% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 8.64% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 12.50% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 15.93% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 17.80% | -2.89% |
SP2D.DE vs. ESAP.DE - Expense Ratio Comparison
SP2D.DE has a 0.20% expense ratio, which is higher than ESAP.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SP2D.DE vs. ESAP.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.28%, while ESAP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.39% | 1.34% | 1.49% | 1.54% |
Frequently Asked Questions
SP2D.DE and ESAP.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 SP2D.DE.
SP2D.DE tracks S&P 500® Equal Weight, while ESAP.DE tracks S&P 500 Index. They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.20% for SP2D.DE and 0.15% for ESAP.DE.
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