SP2D.DE vs. FWEA.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - SP2D.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SP2D.DE returned 18.05% vs 25.98% for FWEA.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SP2D.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SP2D.DE having a 10.33% return and FWEA.DE slightly higher at 10.64%.
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SP2D.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 10.33% | -0.81% | 18.69% | 8.62% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between SP2D.DE and FWEA.DE is 0.59, 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 | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.65 |
The correlation between SP2D.DE and FWEA.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
SP2D.DE vs. FWEA.DE — Risk / Return Rank
SP2D.DE
FWEA.DE
SP2D.DE vs. FWEA.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 Invesco FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.18 | +0.29 |
| Martin ratioReturn relative to average drawdown | 10.26 | 13.52 | -3.26 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.30 | -0.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.51 | -0.95 |
Drawdowns
SP2D.DE vs. FWEA.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and FWEA.DE.
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Drawdown Indicators
| SP2D.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -17.48% | -5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -8.28% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.81% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -1.86% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.95% | -0.22% |
Volatility
SP2D.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.09%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.36% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 8.93% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 11.45% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 12.72% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 12.72% | +2.19% |
SP2D.DE vs. FWEA.DE - Expense Ratio Comparison
Both SP2D.DE and FWEA.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
SP2D.DE vs. FWEA.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.28%, while FWEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 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 FWEA.DE have a correlation of 0.59, 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.
SP2D.DE and FWEA.DE have the same expense ratio: 0.20% per year.
SP2D.DE is categorized as S&P 500, while FWEA.DE is Global Equities. SP2D.DE tracks S&P 500® Equal Weight, while FWEA.DE tracks FTSE All-World Index.
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