XDEW.DE vs. SP2Q.DE
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - XDEW.DE tracks the S&P 500 Equal Weight Index while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, XDEW.DE returned 9.22%/yr vs 9.25%/yr for SP2Q.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.
Performance
XDEW.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XDEW.DE having a 10.39% return and SP2Q.DE slightly lower at 10.37%.
XDEW.DE
- 1D
- 0.30%
- 1M
- 3.90%
- YTD
- 10.39%
- 6M
- 10.29%
- 1Y
- 18.10%
- 3Y*
- 12.12%
- 5Y*
- 9.22%
- 10Y*
- 11.25%
SP2Q.DE
- 1D
- 0.28%
- 1M
- 4.03%
- YTD
- 10.37%
- 6M
- 10.31%
- 1Y
- 18.06%
- 3Y*
- 12.12%
- 5Y*
- 9.25%
- 10Y*
- —
XDEW.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 10.39% | -0.46% | 18.66% | 10.08% | -6.94% | 19.35% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 10.37% | -0.55% | 18.83% | 9.91% | -6.71% | 31.98% |
Correlation
The correlation between XDEW.DE and SP2Q.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.99 |
The correlation between XDEW.DE and SP2Q.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
XDEW.DE vs. SP2Q.DE — Risk / Return Rank
XDEW.DE
SP2Q.DE
XDEW.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
| XDEW.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.43 | +0.08 |
| Martin ratioReturn relative to average drawdown | 10.36 | 10.24 | +0.11 |
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
| XDEW.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 1.64 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.61 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.75 | -0.07 |
Drawdowns
XDEW.DE vs. SP2Q.DE - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, which is greater than SP2Q.DE's maximum drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and SP2Q.DE.
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Drawdown Indicators
| XDEW.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -22.73% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -5.11% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -22.73% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -22.73% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.22% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.71% | +0.01% |
Volatility
XDEW.DE vs. SP2Q.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) have volatilities of 2.06% and 2.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEW.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 2.04% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 6.81% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 10.66% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.91% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 15.44% | +1.42% |
XDEW.DE vs. SP2Q.DE - Expense Ratio Comparison
Both XDEW.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%.
Dividends
XDEW.DE vs. SP2Q.DE - Dividend Comparison
Neither XDEW.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, XDEW.DE and SP2Q.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE and SP2Q.DE have the same expense ratio: 0.20% per year.
XDEW.DE tracks S&P 500 Equal Weight Index, while SP2Q.DE tracks S&P 500® Equal Weight. They also come from different issuers: Xtrackers and Invesco.
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