SP2Q.DE vs. UBU9.DE

Last updated Jun 5, 2026

SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) and UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - SP2Q.DE tracks the S&P 500® Equal Weight while UBU9.DE tracks the S&P 500. Both are passively managed. Over the past 5 years, SP2Q.DE returned 9.25%/yr vs 14.63%/yr for UBU9.DE. Their correlation of 0.84 suggests significant overlap in exposure. SP2Q.DE charges 0.20%/yr vs 0.03%/yr for UBU9.DE.

Performance

SP2Q.DE vs. UBU9.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) and UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SP2Q.DE achieves a 10.37% return, which is significantly lower than UBU9.DE's 11.29% 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*: —

UBU9.DE

• 1D: -0.13%
• 1M: 5.22%
• YTD: 11.29%
• 6M: 11.31%
• 1Y: 25.49%
• 3Y*: 18.75%
• 5Y*: 14.63%
• 10Y*: 14.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SP2Q.DE vs. UBU9.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%
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis	11.29%	4.68%	32.18%	22.24%	-14.31%	23.50%

Correlation

The correlation between SP2Q.DE and UBU9.DE is 0.69, 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	0.69
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 12, 2021	0.84

The correlation between SP2Q.DE and UBU9.DE shifts across timeframes, from 0.69 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SP2Q.DE vs. UBU9.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SP2Q.DE

SP2Q.DE Risk / Return Rank: 54
SP2Q.DE Sharpe Ratio Rank: 48
SP2Q.DE Sortino Ratio Rank: 47
SP2Q.DE Omega Ratio Rank: 48
SP2Q.DE Calmar Ratio Rank: 70
SP2Q.DE Martin Ratio Rank: 59

UBU9.DE

UBU9.DE Risk / Return Rank: 69
UBU9.DE Sharpe Ratio Rank: 68
UBU9.DE Sortino Ratio Rank: 66
UBU9.DE Omega Ratio Rank: 69
UBU9.DE Calmar Ratio Rank: 71
UBU9.DE Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SP2Q.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.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	UBU9.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.20	-0.55
Sortino ratio: Return per unit of downside risk	2.32	2.99	-0.67
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	3.43	3.53	-0.10
Martin ratio: Return relative to average drawdown	10.24	12.53	-2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SP2Q.DE vs. UBU9.DE - Sharpe Ratio Comparison

The current SP2Q.DE Sharpe Ratio is 1.64, which is comparable to the UBU9.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of SP2Q.DE and UBU9.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SP2Q.DE	UBU9.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.20	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.95	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.94	-0.19

Drawdowns

SP2Q.DE vs. UBU9.DE - Drawdown Comparison

The maximum SP2Q.DE drawdown since its inception was -22.73%, smaller than the maximum UBU9.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for SP2Q.DE and UBU9.DE.

Drawdown Indicators

	SP2Q.DE	UBU9.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.73%	-33.82%	+11.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.11%	-7.19%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-22.73%	-23.30%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-22.73%	-23.30%	+0.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.82%	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-5.22%	-4.01%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.03%	-0.32%

Volatility

SP2Q.DE vs. UBU9.DE - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) is 2.04%, while UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) has a volatility of 2.66%. This indicates that SP2Q.DE experiences smaller price fluctuations and is considered to be less risky than UBU9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP2Q.DE	UBU9.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	2.66%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	7.60%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.66%	11.55%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	15.21%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	16.10%	-0.66%

SP2Q.DE vs. UBU9.DE - Expense Ratio Comparison

SP2Q.DE has a 0.20% expense ratio, which is higher than UBU9.DE's 0.03% 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. UBU9.DE - Dividend Comparison

SP2Q.DE has not paid dividends to shareholders, while UBU9.DE's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis	0.80%	0.90%	0.88%	1.05%	1.22%	0.75%	1.23%	1.21%	1.30%	1.35%	1.51%	1.38%

Frequently Asked Questions

Can I hold both SP2Q.DE and UBU9.DE in my portfolio?

SP2Q.DE and UBU9.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SP2Q.DE or UBU9.DE?

On fees, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SP2Q.DE or UBU9.DE?

UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for SP2Q.DE.

What is the main difference between SP2Q.DE and UBU9.DE?

SP2Q.DE tracks S&P 500® Equal Weight, while UBU9.DE tracks S&P 500. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.20% for SP2Q.DE and 0.03% for UBU9.DE.