SP2D.DE vs. XDEW.DE
SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both S&P 500 funds - SP2D.DE tracks the S&P 500® Equal Weight while XDEW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past 3 years, SP2D.DE returned 12.90%/yr vs 12.88%/yr for XDEW.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.
Performance
SP2D.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SP2D.DE having a 14.20% return and XDEW.DE slightly lower at 14.15%.
SP2D.DE
- 1D
- 0.00%
- 1M
- 1.82%
- 6M
- 10.54%
- YTD
- 14.20%
- 1Y
- 20.02%
- 3Y*
- 12.90%
- 5Y*
- —
- 10Y*
- —
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
SP2D.DE vs. XDEW.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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -1.82% |
Correlation
The correlation between SP2D.DE and XDEW.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.98 |
The correlation between SP2D.DE and XDEW.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SP2D.DE vs. XDEW.DE — Risk / Return Rank
SP2D.DE
XDEW.DE
SP2D.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 3.93 | +0.01 |
| Martin ratioReturn relative to average drawdown | 12.10 | 12.11 | -0.01 |
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Drawdowns
SP2D.DE vs. XDEW.DE - Drawdown Comparison
The maximum SP2D.DE drawdown since its inception was -22.69%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for SP2D.DE and XDEW.DE.
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Drawdown Indicators
| SP2D.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -38.79% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -5.06% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.69% | -22.70% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.92% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.33% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.65% | +0.01% |
Volatility
SP2D.DE vs. XDEW.DE - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) and Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) have volatilities of 2.74% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SP2D.DE | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.73% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 6.91% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 10.64% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 14.91% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 16.80% | -1.97% |
SP2D.DE vs. XDEW.DE - Expense Ratio Comparison
Both SP2D.DE and XDEW.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. XDEW.DE - Dividend Comparison
SP2D.DE's dividend yield for the trailing twelve months is around 1.26%, while XDEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.26% | 1.39% | 1.34% | 1.49% | 1.54% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, SP2D.DE and XDEW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 XDEW.DE have the same expense ratio: 0.20% per year.
SP2D.DE tracks S&P 500® Equal Weight, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Invesco and Xtrackers.
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