SP2Q.DE vs. TSWE.DE
Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) and VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE).
SP2Q.DE and TSWE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SP2Q.DE is a passively managed fund by Invesco that tracks the performance of the S&P 500® Equal Weight. It was launched on Apr 6, 2021. TSWE.DE is a passively managed fund by VanEck that tracks the performance of the Solactive Sustainable World Equity. It was launched on May 3, 2013. Both SP2Q.DE and TSWE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SP2Q.DE or TSWE.DE.
Key characteristics
| SP2Q.DE | TSWE.DE | |
|---|---|---|
| YTD Return | 22.85% | 15.78% |
| 1Y Return | 34.99% | 24.59% |
| Sharpe Ratio | 2.83 | 2.16 |
| Sortino Ratio | 4.02 | 2.88 |
| Omega Ratio | 1.57 | 1.43 |
| Calmar Ratio | 3.39 | 2.39 |
| Martin Ratio | 17.00 | 12.50 |
| Ulcer Index | 1.86% | 1.78% |
| Daily Std Dev | 11.21% | 10.27% |
| Max Drawdown | -15.06% | -33.91% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SP2Q.DE and TSWE.DE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SP2Q.DE vs. TSWE.DE - Performance Comparison
In the year-to-date period, SP2Q.DE achieves a 22.85% return, which is significantly higher than TSWE.DE's 15.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SP2Q.DE vs. TSWE.DE - Expense Ratio Comparison
Both SP2Q.DE and TSWE.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SP2Q.DE vs. TSWE.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) and VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.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.
Dividends
SP2Q.DE vs. TSWE.DE - Dividend Comparison
Neither SP2Q.DE nor TSWE.DE has paid dividends to shareholders.
Drawdowns
SP2Q.DE vs. TSWE.DE - Drawdown Comparison
The maximum SP2Q.DE drawdown since its inception was -15.06%, smaller than the maximum TSWE.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and TSWE.DE. For additional features, visit the drawdowns tool.
Volatility
SP2Q.DE vs. TSWE.DE - Volatility Comparison
Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) has a higher volatility of 3.28% compared to VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) at 2.94%. This indicates that SP2Q.DE's price experiences larger fluctuations and is considered to be riskier than TSWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.