SP2Q.DE vs. IS31.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - SP2Q.DE tracks the S&P 500® Equal Weight while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.48%/yr vs 5.66%/yr for IS31.DE. A 0.73 correlation means they provide meaningful diversification when combined. SP2Q.DE charges 0.20%/yr vs 0.25%/yr for IS31.DE.
Performance
SP2Q.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2Q.DE achieves a 14.11% return, which is significantly higher than IS31.DE's 2.57% return.
SP2Q.DE
- 1D
- 0.00%
- 1M
- 1.80%
- 6M
- 10.50%
- YTD
- 14.11%
- 1Y
- 19.92%
- 3Y*
- 12.86%
- 5Y*
- 9.48%
- 10Y*
- —
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
SP2Q.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 14.11% | -0.55% | 18.83% | 9.91% | -6.71% | 31.96% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 16.71% |
Correlation
The correlation between SP2Q.DE and IS31.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.73 |
The correlation between SP2Q.DE and IS31.DE shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SP2Q.DE vs. IS31.DE — Risk / Return Rank
SP2Q.DE
IS31.DE
SP2Q.DE vs. IS31.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 Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
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 | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.25 | +2.66 |
| Martin ratioReturn relative to average drawdown | 12.09 | 4.77 | +7.33 |
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Drawdowns
SP2Q.DE vs. IS31.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and IS31.DE.
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Drawdown Indicators
| SP2Q.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -33.66% | +10.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.64% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -12.56% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -20.75% | -1.98% |
Current DrawdownCurrent decline from peak | -0.93% | -1.01% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -4.83% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.75% | -0.09% |
Volatility
SP2Q.DE vs. IS31.DE - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) has a higher volatility of 2.68% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that SP2Q.DE's price experiences larger fluctuations and is considered to be riskier than IS31.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 | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.40% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 6.55% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 8.70% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 12.78% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.36% | 14.36% | +1.00% |
SP2Q.DE vs. IS31.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is lower than IS31.DE's 0.25% expense ratio. Despite the difference, 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. IS31.DE - Dividend Comparison
Neither SP2Q.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and IS31.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SP2Q.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SP2Q.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS31.DE.
SP2Q.DE tracks S&P 500® Equal Weight, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SP2Q.DE and 0.25% for IS31.DE.
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