UQAB.DE vs. SP2D.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and SP2D.DE (Invesco S&P 500 Equal Weight UCITS ETF Dist) are both S&P 500 funds - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while SP2D.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 12.11%/yr for SP2D.DE. A 0.78 correlation means they provide meaningful diversification when combined. UQAB.DE charges 0.07%/yr vs 0.20%/yr for SP2D.DE.
Performance
UQAB.DE vs. SP2D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly lower than SP2D.DE's 10.33% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
SP2D.DE
- 1D
- 0.26%
- 1M
- 3.83%
- YTD
- 10.33%
- 6M
- 10.25%
- 1Y
- 18.05%
- 3Y*
- 12.11%
- 5Y*
- —
- 10Y*
- —
UQAB.DE vs. SP2D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 10.33% | -0.81% | 18.69% | 10.53% | -7.40% |
Correlation
The correlation between UQAB.DE and SP2D.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.78 |
The correlation between UQAB.DE and SP2D.DE shifts across timeframes, from 0.66 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UQAB.DE vs. SP2D.DE — Risk / Return Rank
UQAB.DE
SP2D.DE
UQAB.DE vs. SP2D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.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.
| UQAB.DE | SP2D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.47 | -1.37 |
| Martin ratioReturn relative to average drawdown | 7.07 | 10.26 | -3.19 |
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
| UQAB.DE | SP2D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.63 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.57 | +0.18 |
Drawdowns
UQAB.DE vs. SP2D.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, roughly equal to the maximum SP2D.DE drawdown of -22.69%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and SP2D.DE.
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Drawdown Indicators
| UQAB.DE | SP2D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -22.69% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -5.10% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -22.69% | -0.51% |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.89% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.73% | +1.09% |
Volatility
UQAB.DE vs. SP2D.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) has a higher volatility of 2.72% compared to Invesco S&P 500 Equal Weight UCITS ETF Dist (SP2D.DE) at 2.09%. This indicates that UQAB.DE's price experiences larger fluctuations and is considered to be riskier than SP2D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UQAB.DE | SP2D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.09% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 6.83% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 10.83% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 14.91% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 14.91% | +0.64% |
UQAB.DE vs. SP2D.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is lower than SP2D.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
UQAB.DE vs. SP2D.DE - Dividend Comparison
UQAB.DE has not paid dividends to shareholders, while SP2D.DE's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SP2D.DE Invesco S&P 500 Equal Weight UCITS ETF Dist | 1.28% | 1.39% | 1.34% | 1.49% | 1.54% |
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UQAB.DE and SP2D.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for SP2D.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while SP2D.DE tracks S&P 500® Equal Weight. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for UQAB.DE and 0.20% for SP2D.DE.
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