SPYL.DE vs. SP2Q.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - SPYL.DE tracks the S&P 500 Index while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 17.59% for SP2Q.DE. A 0.74 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.20%/yr for SP2Q.DE.
Performance
SPYL.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than SP2Q.DE's 10.37% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.59%
- YTD
- 10.37%
- 6M
- 10.95%
- 1Y
- 17.59%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
SPYL.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 11.57% |
Correlation
The correlation between SPYL.DE and SP2Q.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 (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.75 |
The correlation between SPYL.DE and SP2Q.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. SP2Q.DE — Risk / Return Rank
SPYL.DE
SP2Q.DE
SPYL.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.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.
| SPYL.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.43 | +0.15 |
| Martin ratioReturn relative to average drawdown | 12.72 | 10.24 | +2.48 |
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
| SPYL.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.64 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.75 | +0.79 |
Drawdowns
SPYL.DE vs. SP2Q.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, roughly equal to the maximum SP2Q.DE drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SP2Q.DE.
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Drawdown Indicators
| SPYL.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -22.73% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -5.11% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -5.22% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.71% | +0.30% |
Volatility
SPYL.DE vs. SP2Q.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a higher volatility of 2.66% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.04%. This indicates that SPYL.DE's price experiences larger fluctuations and is considered to be riskier than SP2Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.04% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 6.81% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 10.66% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.91% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 15.44% | -0.83% |
SPYL.DE vs. SP2Q.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SP2Q.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYL.DE vs. SP2Q.DE - Dividend Comparison
Neither SPYL.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and SP2Q.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.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for SP2Q.DE.
SPYL.DE tracks S&P 500 Index, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.03% for SPYL.DE and 0.20% for SP2Q.DE.
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