SP2D.DE vs. IS31.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - SP2D.DE tracks the S&P 500® Equal Weight while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, SP2D.DE returned 12.90%/yr vs 10.43%/yr for IS31.DE. A 0.73 correlation means they provide meaningful diversification when combined. SP2D.DE charges 0.20%/yr vs 0.25%/yr for IS31.DE.
Performance
SP2D.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2D.DE achieves a 14.20% return, which is significantly higher than IS31.DE's 2.57% return.
SP2D.DE
- 1D
- 0.00%
- 1M
- 1.82%
- 6M
- 10.54%
- YTD
- 14.20%
- 1Y
- 20.02%
- 3Y*
- 12.90%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
SP2D.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 14.20% | -0.81% | 18.69% | 10.53% | -1.75% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -6.67% |
Correlation
The correlation between SP2D.DE and IS31.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.73 |
The correlation between SP2D.DE and IS31.DE has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
SP2D.DE vs. IS31.DE — Risk / Return Rank
SP2D.DE
IS31.DE
SP2D.DE vs. IS31.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 Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
| SP2D.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.25 | +2.69 |
| Martin ratioReturn relative to average drawdown | 12.10 | 4.77 | +7.33 |
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Drawdowns
SP2D.DE vs. IS31.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and IS31.DE.
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Drawdown Indicators
| SP2D.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -33.66% | +10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -6.64% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -12.56% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.87% | -1.01% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -4.83% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.75% | -0.09% |
Volatility
SP2D.DE vs. IS31.DE - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) has a higher volatility of 2.74% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that SP2D.DE's price experiences larger fluctuations and is considered to be riskier than IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.40% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 6.55% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 8.70% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 12.78% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 14.36% | +0.47% |
SP2D.DE vs. IS31.DE - Expense Ratio Comparison
SP2D.DE has a 0.20% expense ratio, which is lower than IS31.DE's 0.25% expense ratio. Despite the difference, 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. IS31.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.26%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.26% | 1.39% | 1.34% | 1.49% | 1.54% |
Frequently Asked Questions
SP2D.DE and IS31.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP2D.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP2D.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS31.DE.
SP2D.DE tracks S&P 500® Equal Weight, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SP2D.DE and 0.25% for IS31.DE.
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