SP2Q.DE vs. SPY1.DE
SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) are both S&P 500 funds - SP2Q.DE tracks the S&P 500® Equal Weight while SPY1.DE tracks the S&P 500 Low Volatility. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 5.96%/yr for SPY1.DE. A 0.66 correlation means they provide meaningful diversification when combined. SP2Q.DE charges 0.20%/yr vs 0.35%/yr for SPY1.DE.
Performance
SP2Q.DE vs. SPY1.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 SPY1.DE's 2.00% 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*
- —
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
SP2Q.DE vs. SPY1.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% |
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 23.20% |
Correlation
The correlation between SP2Q.DE and SPY1.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.66 |
The correlation between SP2Q.DE and SPY1.DE shifts across timeframes, from 0.54 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SP2Q.DE vs. SPY1.DE — Risk / Return Rank
SP2Q.DE
SPY1.DE
SP2Q.DE vs. SPY1.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 Low Volatility UCITS ETF (SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.23 | +3.65 |
| Martin ratioReturn relative to average drawdown | 10.24 | -0.48 | +10.73 |
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 | SPY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | -0.15 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.47 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.69 | +0.05 |
Drawdowns
SP2Q.DE vs. SPY1.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum SPY1.DE drawdown of -35.30%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and SPY1.DE.
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Drawdown Indicators
| SP2Q.DE | SPY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.73% | -35.30% | +12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.77% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -22.73% | -14.59% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.73% | -16.32% | -6.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.45% | +11.45% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -6.16% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.15% | -1.44% |
Volatility
SP2Q.DE vs. SPY1.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 Low Volatility UCITS ETF (SPY1.DE) has a volatility of 3.46%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.46% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 6.81% | 7.38% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 10.25% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 12.47% | +2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 14.00% | +1.44% |
SP2Q.DE vs. SPY1.DE - Expense Ratio Comparison
SP2Q.DE has a 0.20% expense ratio, which is lower than SPY1.DE's 0.35% expense ratio.
Dividends
SP2Q.DE vs. SPY1.DE - Dividend Comparison
Neither SP2Q.DE nor SPY1.DE has paid dividends to shareholders.
Frequently Asked Questions
SP2Q.DE and SPY1.DE have a correlation of 0.54, 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 0.35% for SPY1.DE.
SP2Q.DE tracks S&P 500® Equal Weight, while SPY1.DE tracks S&P 500 Low Volatility. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SP2Q.DE and 0.35% for SPY1.DE.
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