SP2D.DE vs. SPPY.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - SP2D.DE tracks the S&P 500® Equal Weight while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 3 years, SP2D.DE returned 13.31%/yr vs 19.57%/yr for SPPY.DE. A 0.79 correlation means they provide meaningful diversification when combined. SP2D.DE charges 0.20%/yr vs 0.10%/yr for SPPY.DE.
Performance
SP2D.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2D.DE achieves a 13.77% return, which is significantly higher than SPPY.DE's 12.49% return.
SP2D.DE
- 1D
- 0.00%
- 1M
- 4.51%
- YTD
- 13.77%
- 6M
- 14.34%
- 1Y
- 22.56%
- 3Y*
- 13.31%
- 5Y*
- —
- 10Y*
- —
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
SP2D.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 13.77% | -0.81% | 18.69% | 10.53% | -1.75% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 26.94% | -6.56% |
Correlation
The correlation between SP2D.DE and SPPY.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.79 |
The correlation between SP2D.DE and SPPY.DE shifts across timeframes, from 0.67 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SP2D.DE vs. SPPY.DE — Risk / Return Rank
SP2D.DE
SPPY.DE
SP2D.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.44 | 4.38 | +0.06 |
| Martin ratioReturn relative to average drawdown | 13.50 | 16.81 | -3.30 |
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Drawdowns
SP2D.DE vs. SPPY.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and SPPY.DE.
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Drawdown Indicators
| SP2D.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -33.33% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -6.72% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -23.81% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.81% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.19% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -4.80% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.75% | -0.08% |
Volatility
SP2D.DE vs. SPPY.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) is 2.23%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 3.17%. This indicates that SP2D.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 3.17% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 8.13% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.79% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 15.47% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 17.53% | -2.65% |
SP2D.DE vs. SPPY.DE - Expense Ratio Comparison
SP2D.DE has a 0.20% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio. However, 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. SPPY.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.27%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.27% | 1.39% | 1.34% | 1.49% | 1.54% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SP2D.DE and SPPY.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for SP2D.DE.
SP2D.DE tracks S&P 500® Equal Weight, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SP2D.DE and 0.10% for SPPY.DE.
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