SP2D.DE vs. QVMP.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and QVMP.DE (Invesco S&P 500 QVM UCITS ETF) are both S&P 500 funds from Invesco - SP2D.DE tracks the S&P 500® Equal Weight while QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor. Both are passively managed. Over the past 3 years, SP2D.DE returned 12.11%/yr vs 21.01%/yr for QVMP.DE. A 0.77 correlation means they provide meaningful diversification when combined. SP2D.DE charges 0.20%/yr vs 0.35%/yr for QVMP.DE.
Performance
SP2D.DE vs. QVMP.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 QVMP.DE's 17.52% return.
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
QVMP.DE
- 1D
- 0.24%
- 1M
- 4.74%
- YTD
- 17.52%
- 6M
- 17.83%
- 1Y
- 21.58%
- 3Y*
- 21.01%
- 5Y*
- 16.50%
- 10Y*
- —
SP2D.DE vs. QVMP.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% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 17.52% | 1.52% | 37.24% | 3.45% | 4.15% |
Correlation
The correlation between SP2D.DE and QVMP.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.77 |
The correlation between SP2D.DE and QVMP.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
SP2D.DE vs. QVMP.DE — Risk / Return Rank
SP2D.DE
QVMP.DE
SP2D.DE vs. QVMP.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 S&P 500 QVM UCITS ETF (QVMP.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 | QVMP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 5.40 | -1.93 |
| Martin ratioReturn relative to average drawdown | 10.26 | 13.12 | -2.86 |
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 | QVMP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.91 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.82 | -0.25 |
Drawdowns
SP2D.DE vs. QVMP.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum QVMP.DE drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and QVMP.DE.
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Drawdown Indicators
| SP2D.DE | QVMP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -34.10% | +11.41% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -3.81% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -19.88% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.88% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -5.04% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.57% | +0.16% |
Volatility
SP2D.DE vs. QVMP.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.09%, while Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a volatility of 2.72%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than QVMP.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 | QVMP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 2.72% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.83% | 7.38% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 10.79% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.03% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 17.08% | -2.17% |
SP2D.DE vs. QVMP.DE - Expense Ratio Comparison
SP2D.DE has a 0.20% expense ratio, which is lower than QVMP.DE's 0.35% expense ratio.
Dividends
SP2D.DE vs. QVMP.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.28%, more than QVMP.DE's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 0.77% | 0.84% | 0.82% | 1.61% | 1.82% | 0.86% | 1.58% | 1.38% | 1.31% | 0.72% |
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.39% | 1.34% | 1.49% | 1.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SP2D.DE and QVMP.DE have a correlation of 0.70, 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 0.35% for QVMP.DE.
SP2D.DE tracks S&P 500® Equal Weight, while QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor. Their fees differ too: 0.20% for SP2D.DE and 0.35% for QVMP.DE.
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