UQAB.DE vs. SP2Q.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.53%/yr vs 12.76%/yr for SP2Q.DE. A 0.78 correlation means they provide meaningful diversification when combined. UQAB.DE charges 0.07%/yr vs 0.20%/yr for SP2Q.DE.
Performance
UQAB.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 9.39% return, which is significantly lower than SP2Q.DE's 14.88% return.
UQAB.DE
- 1D
- 0.00%
- 1M
- 2.38%
- 6M
- 8.44%
- YTD
- 9.39%
- 1Y
- 18.32%
- 3Y*
- 17.53%
- 5Y*
- —
- 10Y*
- —
SP2Q.DE
- 1D
- 0.00%
- 1M
- 2.69%
- 6M
- 10.10%
- YTD
- 14.88%
- 1Y
- 20.30%
- 3Y*
- 12.76%
- 5Y*
- 9.62%
- 10Y*
- —
UQAB.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 9.39% | 2.75% | 33.33% | 26.71% | -15.09% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 14.88% | -0.55% | 18.83% | 9.91% | -6.57% |
Correlation
The correlation between UQAB.DE and SP2Q.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.78 |
The correlation between UQAB.DE and SP2Q.DE shifts across timeframes, from 0.65 (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. SP2Q.DE — Risk / Return Rank
UQAB.DE
SP2Q.DE
UQAB.DE vs. SP2Q.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 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UQAB.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.99 | -2.05 |
| Martin ratioReturn relative to average drawdown | 6.53 | 12.33 | -5.80 |
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Drawdowns
UQAB.DE vs. SP2Q.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, roughly equal to the maximum SP2Q.DE drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and SP2Q.DE.
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Drawdown Indicators
| UQAB.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -22.73% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -5.11% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -22.73% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -5.10% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.65% | +1.16% |
Volatility
UQAB.DE vs. SP2Q.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) has a higher volatility of 2.88% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.73%. This indicates that UQAB.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
| UQAB.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.73% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 7.11% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 10.54% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 14.95% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 15.35% | +0.13% |
UQAB.DE vs. SP2Q.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% 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
UQAB.DE vs. SP2Q.DE - Dividend Comparison
Neither UQAB.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
UQAB.DE and SP2Q.DE have a correlation of 0.65, 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 SP2Q.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while SP2Q.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 SP2Q.DE.
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