SP2Q.DE vs. SC0H.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both exchange-traded funds - SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight, while SC0H.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.58%/yr vs 13.57%/yr for SC0H.DE. Their correlation of 0.84 suggests significant overlap in exposure. SP2Q.DE charges 0.20%/yr vs 0.05%/yr for SC0H.DE.
Performance
SP2Q.DE vs. SC0H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SP2Q.DE achieves a 13.83% return, which is significantly higher than SC0H.DE's 10.65% 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*
- —
SC0H.DE
- 1D
- -1.02%
- 1M
- 0.26%
- YTD
- 10.65%
- 6M
- 10.97%
- 1Y
- 24.50%
- 3Y*
- 19.16%
- 5Y*
- 13.57%
- 10Y*
- 15.25%
SP2Q.DE vs. SC0H.DE - 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% |
SC0H.DE Invesco MSCI USA UCITS ETF | 10.65% | 4.77% | 32.56% | 23.59% | -15.54% | 23.36% |
Correlation
The correlation between SP2Q.DE and SC0H.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.84 |
The correlation between SP2Q.DE and SC0H.DE shifts across timeframes, from 0.68 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SP2Q.DE vs. SC0H.DE — Risk / Return Rank
SP2Q.DE
SC0H.DE
SP2Q.DE vs. SC0H.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 MSCI USA UCITS ETF (SC0H.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 | SC0H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 3.33 | +1.12 |
| Martin ratioReturn relative to average drawdown | 13.61 | 11.44 | +2.17 |
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Drawdowns
SP2Q.DE vs. SC0H.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum SC0H.DE drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and SC0H.DE.
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Drawdown Indicators
| SP2Q.DE | SC0H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -41.34% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.32% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -23.65% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -23.65% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.20% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.02% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -8.53% | +3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.14% | -0.47% |
Volatility
SP2Q.DE vs. SC0H.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.23%, while Invesco MSCI USA UCITS ETF (SC0H.DE) has a volatility of 3.38%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than SC0H.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 | SC0H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 3.38% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 8.11% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.86% | 11.98% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 15.45% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 16.24% | -0.83% |
SP2Q.DE vs. SC0H.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is higher than SC0H.DE's 0.05% 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. SC0H.DE - Dividend Comparison
Neither SP2Q.DE nor SC0H.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and SC0H.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for SP2Q.DE.
SP2Q.DE is categorized as S&P 500, while SC0H.DE is Large Cap Blend Equities. SP2Q.DE tracks S&P 500® Equal Weight, while SC0H.DE tracks MSCI USA. Their fees differ too: 0.20% for SP2Q.DE and 0.05% for SC0H.DE.
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