SP2Q.DE vs. SPPE.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - SP2Q.DE tracks the S&P 500® Equal Weight while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 11.18%/yr for SPPE.DE. A 0.73 correlation means they provide meaningful diversification when combined. SP2Q.DE charges 0.20%/yr vs 0.12%/yr for SPPE.DE.
Performance
SP2Q.DE vs. SPPE.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 SPPE.DE's 9.05% 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*
- —
SPPE.DE
- 1D
- -0.02%
- 1M
- 4.39%
- YTD
- 9.05%
- 6M
- 9.84%
- 1Y
- 24.85%
- 3Y*
- 19.65%
- 5Y*
- 11.18%
- 10Y*
- —
SP2Q.DE vs. SPPE.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% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 9.05% | 15.34% | 23.21% | 23.17% | -21.69% | 16.90% |
Correlation
The correlation between SP2Q.DE and SPPE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.73 |
The correlation between SP2Q.DE and SPPE.DE shifts across timeframes, from 0.55 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SP2Q.DE vs. SPPE.DE — Risk / Return Rank
SP2Q.DE
SPPE.DE
SP2Q.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.38 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.87 | +0.56 |
| Martin ratioReturn relative to average drawdown | 10.24 | 12.22 | -1.98 |
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 | SPPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.12 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.80 | -0.05 |
Drawdowns
SP2Q.DE vs. SPPE.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and SPPE.DE.
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Drawdown Indicators
| SP2Q.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -34.07% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -8.64% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -18.41% | -4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -26.07% | +3.34% |
Current DrawdownCurrent decline from peak | 0.00% | -0.59% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -6.19% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.03% | -0.32% |
Volatility
SP2Q.DE vs. SPPE.DE - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.07%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.07% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 8.56% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 11.69% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.00% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.64% | -3.20% |
SP2Q.DE vs. SPPE.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is higher than SPPE.DE's 0.12% 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. SPPE.DE - Dividend Comparison
Neither SP2Q.DE nor SPPE.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and SPPE.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for SP2Q.DE.
SP2Q.DE tracks S&P 500® Equal Weight, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SP2Q.DE and 0.12% for SPPE.DE.
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