SP2Q.DE vs. ^GSPC
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) is S&P 500 fund tracking the S&P 500® Equal Weight, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 13.43%/yr for ^GSPC. At a 0.47 correlation, their price movements are largely independent.
Performance
SP2Q.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
SP2Q.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SP2Q.DE achieves a 10.37% return, which is significantly lower than ^GSPC's 12.06% return.
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.59%
- YTD
- 10.37%
- 6M
- 10.95%
- 1Y
- 17.59%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
SP2Q.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 9.91% | -6.71% | 31.98% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 20.85% |
Correlation
The correlation between SP2Q.DE and ^GSPC is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.47 |
The correlation between SP2Q.DE and ^GSPC has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
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Return for Risk
SP2Q.DE vs. ^GSPC — Risk / Return Rank
SP2Q.DE
^GSPC
SP2Q.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) and S&P 500 Index (^GSPC). 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.
| SP2Q.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 3.30 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.24 | 12.34 | -2.10 |
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
| SP2Q.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.04 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.80 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.51 | +0.24 |
Drawdowns
SP2Q.DE vs. ^GSPC - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and ^GSPC.
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Drawdown Indicators
| SP2Q.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -51.62% | +28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.57% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -23.99% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -23.99% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -9.08% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.02% | -0.31% |
Volatility
SP2Q.DE vs. ^GSPC - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while S&P 500 Index (^GSPC) has a volatility of 2.24%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SP2Q.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 2.24% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 8.62% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 12.29% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.79% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.59% | -3.15% |
Frequently Asked Questions
SP2Q.DE and ^GSPC have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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