SP2D.DE vs. N1ES.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - SP2D.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, SP2D.DE returned 12.11%/yr vs 25.46%/yr for N1ES.DE. A 0.63 correlation means they provide meaningful diversification when combined. SP2D.DE charges 0.20%/yr vs 0.25%/yr for N1ES.DE.
Performance
SP2D.DE vs. N1ES.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 lower than N1ES.DE's 21.31% return.
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
SP2D.DE vs. N1ES.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% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -16.59% |
Correlation
The correlation between SP2D.DE and N1ES.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.63 |
The correlation between SP2D.DE and N1ES.DE shifts across timeframes, from 0.49 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SP2D.DE vs. N1ES.DE — Risk / Return Rank
SP2D.DE
N1ES.DE
SP2D.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.69 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.26 | 10.62 | -0.35 |
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 | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.42 | -0.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.81 | -0.25 |
Drawdowns
SP2D.DE vs. N1ES.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and N1ES.DE.
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Drawdown Indicators
| SP2D.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -29.96% | +7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -10.86% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -26.65% | +3.96% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -8.51% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 3.78% | -2.05% |
Volatility
SP2D.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.09%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 4.64%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 4.64% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 11.63% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 16.59% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 20.73% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 20.73% | -5.82% |
SP2D.DE vs. N1ES.DE - Expense Ratio Comparison
SP2D.DE has a 0.20% expense ratio, which is lower than N1ES.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. N1ES.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.28%, while N1ES.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG 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 N1ES.DE have a correlation of 0.49, 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 N1ES.DE.
SP2D.DE is categorized as S&P 500, while N1ES.DE is Nasdaq-100. SP2D.DE tracks S&P 500® Equal Weight, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.20% for SP2D.DE and 0.25% for N1ES.DE.
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