TSWE.DE vs. SP2Q.DE
Compare and contrast key facts about VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE).
TSWE.DE and SP2Q.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both TSWE.DE and SP2Q.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: TSWE.DE or SP2Q.DE.
Key characteristics
| TSWE.DE | SP2Q.DE | |
|---|---|---|
| YTD Return | 15.78% | 22.85% |
| 1Y Return | 24.59% | 34.99% |
| Sharpe Ratio | 2.16 | 2.83 |
| Sortino Ratio | 2.88 | 4.02 |
| Omega Ratio | 1.43 | 1.57 |
| Calmar Ratio | 2.39 | 3.39 |
| Martin Ratio | 12.50 | 17.00 |
| Ulcer Index | 1.78% | 1.86% |
| Daily Std Dev | 10.27% | 11.21% |
| Max Drawdown | -33.91% | -15.06% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TSWE.DE and SP2Q.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
TSWE.DE vs. SP2Q.DE - Performance Comparison
In the year-to-date period, TSWE.DE achieves a 15.78% return, which is significantly lower than SP2Q.DE's 22.85% 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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TSWE.DE vs. SP2Q.DE - Expense Ratio Comparison
Both TSWE.DE and SP2Q.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
TSWE.DE vs. SP2Q.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.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.
Dividends
TSWE.DE vs. SP2Q.DE - Dividend Comparison
Neither TSWE.DE nor SP2Q.DE has paid dividends to shareholders.
Drawdowns
TSWE.DE vs. SP2Q.DE - Drawdown Comparison
The maximum TSWE.DE drawdown since its inception was -33.91%, which is greater than SP2Q.DE's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for TSWE.DE and SP2Q.DE. For additional features, visit the drawdowns tool.
Volatility
TSWE.DE vs. SP2Q.DE - Volatility Comparison
The current volatility for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) is 2.94%, while Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) has a volatility of 3.28%. This indicates that TSWE.DE experiences smaller price fluctuations and is considered to be less risky than SP2Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.