SP2Q.DE vs. EFRW.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and EFRW.DE (iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc) are both S&P 500 funds - SP2Q.DE tracks the S&P 500® Equal Weight while EFRW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, SP2Q.DE returned 17.59% vs 16.94% for EFRW.DE. Their correlation of 0.82 suggests significant overlap in exposure. SP2Q.DE charges 0.20%/yr vs 0.17%/yr for EFRW.DE.
Performance
SP2Q.DE vs. EFRW.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 higher than EFRW.DE's 8.09% 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*
- —
EFRW.DE
- 1D
- 0.36%
- 1M
- 3.51%
- YTD
- 8.09%
- 6M
- 9.41%
- 1Y
- 16.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SP2Q.DE vs. EFRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | 4.78% |
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc | 8.09% | 9.95% |
Correlation
The correlation between SP2Q.DE and EFRW.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.82 |
The correlation between SP2Q.DE and EFRW.DE has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.
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Return for Risk
SP2Q.DE vs. EFRW.DE — Risk / Return Rank
SP2Q.DE
EFRW.DE
SP2Q.DE vs. EFRW.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 S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.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 | EFRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.37 | +1.06 |
| Martin ratioReturn relative to average drawdown | 10.24 | 8.32 | +1.92 |
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 | EFRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.55 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.55 | -0.80 |
Drawdowns
SP2Q.DE vs. EFRW.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, which is greater than EFRW.DE's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and EFRW.DE.
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Drawdown Indicators
| SP2Q.DE | EFRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -7.12% | -15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.12% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -1.35% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.03% | -0.32% |
Volatility
SP2Q.DE vs. EFRW.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE) has a volatility of 2.64%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than EFRW.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 | EFRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 2.64% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 7.67% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 10.91% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 11.32% | +3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 11.32% | +4.12% |
SP2Q.DE vs. EFRW.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is higher than EFRW.DE's 0.17% 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. EFRW.DE - Dividend Comparison
Neither SP2Q.DE nor EFRW.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and EFRW.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRW.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for SP2Q.DE.
SP2Q.DE tracks S&P 500® Equal Weight, while EFRW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SP2Q.DE and 0.17% for EFRW.DE.
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