SP2D.DE vs. IBCF.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both S&P 500 funds - SP2D.DE tracks the S&P 500® Equal Weight while IBCF.DE tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 3 years, SP2D.DE returned 12.11%/yr vs 19.50%/yr for IBCF.DE. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SP2D.DE vs. IBCF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2D.DE achieves a 10.33% return, which is significantly higher than IBCF.DE's 8.84% return.
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
IBCF.DE
- 1D
- -0.02%
- 1M
- 3.14%
- YTD
- 8.84%
- 6M
- 9.31%
- 1Y
- 24.23%
- 3Y*
- 19.50%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
SP2D.DE vs. IBCF.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% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 8.84% | 15.42% | 22.97% | 23.21% | -13.77% |
Correlation
The correlation between SP2D.DE and IBCF.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.71 |
The correlation between SP2D.DE and IBCF.DE shifts across timeframes, from 0.56 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SP2D.DE vs. IBCF.DE — Risk / Return Rank
SP2D.DE
IBCF.DE
SP2D.DE vs. IBCF.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 iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.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 | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 2.81 | +0.65 |
| Martin ratioReturn relative to average drawdown | 10.26 | 12.07 | -1.81 |
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 | IBCF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.08 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.72 | -0.16 |
Drawdowns
SP2D.DE vs. IBCF.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum IBCF.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and IBCF.DE.
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Drawdown Indicators
| SP2D.DE | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -35.06% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -8.72% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -18.34% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.55% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -4.41% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 2.04% | -0.31% |
Volatility
SP2D.DE vs. IBCF.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.09%, while iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) has a volatility of 3.08%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than IBCF.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 | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 3.08% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 8.63% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 11.79% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.02% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 16.34% | -1.43% |
SP2D.DE vs. IBCF.DE - Expense Ratio Comparison
Both SP2D.DE and IBCF.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. IBCF.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.28%, while IBCF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 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 IBCF.DE have a correlation of 0.56, 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 IBCF.DE have the same expense ratio: 0.20% per year.
SP2D.DE tracks S&P 500® Equal Weight, while IBCF.DE tracks S&P 500 EUR Hedged Index. They also come from different issuers: Invesco and iShares.
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