SP2Q.DE vs. FWIA.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, SP2Q.DE returned 17.59% vs 26.57% for FWIA.DE. A 0.76 correlation means they provide meaningful diversification when combined. SP2Q.DE charges 0.20%/yr vs 0.15%/yr for FWIA.DE.
Performance
SP2Q.DE vs. FWIA.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 FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SP2Q.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 6.18% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between SP2Q.DE and FWIA.DE is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.76 |
The correlation between SP2Q.DE and FWIA.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
SP2Q.DE vs. FWIA.DE — Risk / Return Rank
SP2Q.DE
FWIA.DE
SP2Q.DE vs. FWIA.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 Invesco FTSE All-World UCITS ETF Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 4.08 | -0.65 |
| Martin ratioReturn relative to average drawdown | 10.24 | 16.52 | -6.28 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.36 | -0.71 |
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 | 1.40 | -0.66 |
Drawdowns
SP2Q.DE vs. FWIA.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and FWIA.DE.
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Drawdown Indicators
| SP2Q.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -20.96% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.49% | +1.38% |
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% | -0.62% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -2.44% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.60% | +0.11% |
Volatility
SP2Q.DE vs. FWIA.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a volatility of 2.96%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 2.96% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 8.09% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 11.22% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 13.18% | +1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 13.18% | +2.26% |
SP2Q.DE vs. FWIA.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is higher than FWIA.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. FWIA.DE - Dividend Comparison
Neither SP2Q.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and FWIA.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.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 FWIA.DE is Global Equities. SP2Q.DE tracks S&P 500® Equal Weight, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.20% for SP2Q.DE and 0.15% for FWIA.DE.
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