SP2Q.DE vs. ^GSPC

Last updated Jun 26, 2026

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 9.58%/yr vs 12.53%/yr for ^GSPC. At a 0.47 correlation, their price movements are largely independent.

Performance

SP2Q.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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 13.83% return, which is significantly higher than ^GSPC's 11.08% return.

SP2Q.DE

• 1D: 0.00%
• 1M: 4.57%
• YTD: 13.83%
• 6M: 14.48%
• 1Y: 22.64%
• 3Y*: 13.34%
• 5Y*: 9.58%
• 10Y*: —

^GSPC

• 1D: -0.08%
• 1M: 0.13%
• YTD: 11.08%
• 6M: 9.99%
• 1Y: 23.85%
• 3Y*: 17.70%
• 5Y*: 12.53%
• 10Y*: 13.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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	13.83%	-0.55%	18.83%	9.91%	-6.71%	31.96%
^GSPC S&P 500 Index	11.08%	2.58%	31.45%	20.51%	-14.45%	21.94%

Correlation

The correlation between SP2Q.DE and ^GSPC is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021	0.47

Return for Risk

SP2Q.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SP2Q.DE

SP2Q.DE Risk / Return Rank: 78
SP2Q.DE Sharpe Ratio Rank: 75
SP2Q.DE Sortino Ratio Rank: 74
SP2Q.DE Omega Ratio Rank: 74
SP2Q.DE Calmar Ratio Rank: 87
SP2Q.DE Martin Ratio Rank: 79

^GSPC

^GSPC Risk / Return Rank: 70
^GSPC Sharpe Ratio Rank: 68
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 71
^GSPC Calmar Ratio Rank: 62
^GSPC Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	SP2Q.DE	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.90	+0.20
Sortino ratio: Return per unit of downside risk	2.90	2.48	+0.42
Omega ratio: Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio: Return relative to maximum drawdown	4.45	3.17	+1.29
Martin ratio: Return relative to average drawdown	13.61	11.71	+1.90

SP2Q.DE vs. ^GSPC - Sharpe Ratio Comparison

The current SP2Q.DE Sharpe Ratio is 2.10, which is comparable to the ^GSPC Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SP2Q.DE and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	SP2Q.DE	^GSPC	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-1.08%	+1.08%
Average Drawdown Average peak-to-trough decline	-5.16%	-9.08%	+3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	2.04%	-0.37%

Volatility

SP2Q.DE vs. ^GSPC - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.23%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. 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.

Volatility by Period

	SP2Q.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.23%	3.97%	-1.74%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	9.16%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	12.60%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	16.86%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.41%	18.61%	-3.20%

Frequently Asked Questions

Can I hold both SP2Q.DE and ^GSPC in my portfolio?

SP2Q.DE and ^GSPC have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.