SP2Q.DE vs. 2B7B.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and 2B7B.DE (iShares V PLC - iShares S&P 500 Materials Sector UCITS ETF) are both exchange-traded funds - SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while 2B7B.DE is a Materials fund tracking the S&P 500 Capped 35/20 Materials Sector Index. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 5.89%/yr for 2B7B.DE. Their correlation of 0.81 suggests significant overlap in exposure. SP2Q.DE charges 0.20%/yr vs 0.15%/yr for 2B7B.DE.
Performance
SP2Q.DE vs. 2B7B.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2Q.DE achieves a 10.37% return, which is significantly lower than 2B7B.DE's 12.98% 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*
- —
2B7B.DE
- 1D
- -0.32%
- 1M
- 1.48%
- YTD
- 12.98%
- 6M
- 17.01%
- 1Y
- 16.17%
- 3Y*
- 8.06%
- 5Y*
- 5.89%
- 10Y*
- —
SP2Q.DE vs. 2B7B.DE - 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% |
2B7B.DE iShares V PLC - iShares S&P 500 Materials Sector UCITS ETF | 12.98% | -1.07% | 5.24% | 8.58% | -7.10% | 20.81% |
Correlation
The correlation between SP2Q.DE and 2B7B.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.81 |
The correlation between SP2Q.DE and 2B7B.DE shifts across timeframes, from 0.69 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SP2Q.DE vs. 2B7B.DE — Risk / Return Rank
SP2Q.DE
2B7B.DE
SP2Q.DE vs. 2B7B.DE - 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 iShares V PLC - iShares S&P 500 Materials Sector UCITS ETF (2B7B.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.
| SP2Q.DE | 2B7B.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 1.58 | +1.85 |
| Martin ratioReturn relative to average drawdown | 10.24 | 4.68 | +5.56 |
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 | 2B7B.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.04 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.34 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.45 | +0.30 |
Drawdowns
SP2Q.DE vs. 2B7B.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum 2B7B.DE drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and 2B7B.DE.
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Drawdown Indicators
| SP2Q.DE | 2B7B.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -34.61% | +11.88% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -10.19% | +5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -24.54% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -24.54% | +1.81% |
Current DrawdownCurrent decline from peak | 0.00% | -2.44% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -6.21% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.44% | -1.73% |
Volatility
SP2Q.DE vs. 2B7B.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while iShares V PLC - iShares S&P 500 Materials Sector UCITS ETF (2B7B.DE) has a volatility of 4.84%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than 2B7B.DE 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 | 2B7B.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 4.84% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 12.31% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 15.43% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 17.20% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 19.16% | -3.72% |
SP2Q.DE vs. 2B7B.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is higher than 2B7B.DE's 0.15% 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
SP2Q.DE vs. 2B7B.DE - Dividend Comparison
Neither SP2Q.DE nor 2B7B.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and 2B7B.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7B.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SP2Q.DE.
SP2Q.DE is categorized as S&P 500, while 2B7B.DE is Materials. SP2Q.DE tracks S&P 500® Equal Weight, while 2B7B.DE tracks S&P 500 Capped 35/20 Materials Sector Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SP2Q.DE and 0.15% for 2B7B.DE.
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