ZA30.DE vs. SP2Q.DE
ZA30.DE (iShares S&P 500 ESG UCITS ETF USD Acc) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both S&P 500 funds - ZA30.DE tracks the S&P 500 ESG while SP2Q.DE tracks the S&P 500® Equal Weight. Both are passively managed. Over the past 3 years, ZA30.DE returned 18.82%/yr vs 12.76%/yr for SP2Q.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZA30.DE charges 0.07%/yr vs 0.20%/yr for SP2Q.DE.
Performance
ZA30.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZA30.DE achieves a 12.71% return, which is significantly lower than SP2Q.DE's 14.88% return.
ZA30.DE
- 1D
- 0.00%
- 1M
- 1.13%
- 6M
- 10.50%
- YTD
- 12.71%
- 1Y
- 25.26%
- 3Y*
- 18.82%
- 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*
- —
ZA30.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZA30.DE iShares S&P 500 ESG UCITS ETF USD Acc | 12.71% | 5.34% | 31.19% | 24.10% | -6.60% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 14.88% | -0.55% | 18.83% | 9.91% | -5.56% |
Correlation
The correlation between ZA30.DE and SP2Q.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.76 |
The correlation between ZA30.DE and SP2Q.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
ZA30.DE vs. SP2Q.DE — Risk / Return Rank
ZA30.DE
SP2Q.DE
ZA30.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.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.
| ZA30.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 3.99 | -0.32 |
| Martin ratioReturn relative to average drawdown | 13.96 | 12.33 | +1.64 |
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Drawdowns
ZA30.DE vs. SP2Q.DE - Drawdown Comparison
The maximum ZA30.DE drawdown since its inception was -23.45%, roughly equal to the maximum SP2Q.DE drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for ZA30.DE and SP2Q.DE.
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Drawdown Indicators
| ZA30.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.45% | -22.73% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.91% | -5.11% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.45% | -22.73% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.26% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -5.10% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.65% | +0.16% |
Volatility
ZA30.DE vs. SP2Q.DE - Volatility Comparison
The current volatility for iShares S&P 500 ESG UCITS ETF USD Acc (ZA30.DE) is 2.33%, while Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) has a volatility of 2.73%. This indicates that ZA30.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.
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Volatility by Period
| ZA30.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.73% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 7.11% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 10.54% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 14.95% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.31% | 15.35% | -1.04% |
ZA30.DE vs. SP2Q.DE - Expense Ratio Comparison
ZA30.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
ZA30.DE vs. SP2Q.DE - Dividend Comparison
Neither ZA30.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
ZA30.DE and SP2Q.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZA30.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZA30.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for SP2Q.DE.
ZA30.DE tracks S&P 500 ESG, 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 ZA30.DE and 0.20% for SP2Q.DE.
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