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iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE)

ETF · Currency in EUR · Last updated Jul 4, 2026

The fund tracks an optimized selection of 100 S&P 500 stocks with the lowest relative volatility, currency hedged to the Euro.

ISIN
IE00BYX8XD24
Issuer
iShares
Inception Date
Nov 30, 2012
Category
S&P 500
Leveraged
1x (No leverage)
Index Tracked
S&P 500 Minimum Volatility Index (EUR Hedged)
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart

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iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)

Performance

IS31.DE Performance Chart

iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is up 3.2% since the beginning of the year. IS31.DE is currently trading at €11 per share. Investors who bought €1,000 worth of IS31.DE shares 5 years ago would now be looking at an investment worth €1,337.

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S&P 500 Index

Returns By Period

iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) has returned 3.24% so far this year and 7.12% over the past 12 months.

iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)

1D
0.09%
1M
0.37%
6M
4.54%
YTD
3.24%
1Y
7.12%
3Y*
10.62%
5Y*
5.98%
10Y*
—

Benchmark (S&P 500 Index)

1D
-0.43%
1M
0.48%
6M
11.83%
YTD
12.30%
1Y
22.52%
3Y*
17.03%
5Y*
12.27%
10Y*
13.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IS31.DE Monthly Returns History

Based on dividend-adjusted daily data since Feb 23, 2017, IS31.DE's average daily return is +0.03%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.

Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +9.1%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, IS31.DE closed higher 46% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 12, 2020 at -8.6%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.29%0.67%-6.08%4.95%3.85%-0.37%0.84%3.24%
20252.92%-0.10%-1.72%-1.75%3.04%1.73%0.80%0.30%1.29%0.20%1.37%0.96%9.27%
20243.41%2.12%3.11%-3.35%2.66%3.38%1.31%2.37%2.00%-0.82%4.05%-4.19%16.79%
20231.82%-3.83%2.52%2.59%-3.66%4.58%0.88%-1.49%-4.28%-2.37%7.68%2.88%6.75%
2022-6.66%-1.78%5.69%-4.35%-2.63%-5.78%5.09%-2.73%-7.02%5.77%1.30%-1.28%-14.54%
2021-1.79%0.14%5.73%3.97%0.25%1.78%2.99%1.94%-4.28%4.96%0.35%6.12%23.93%

Benchmark Metrics

iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) has an annualized alpha of 4.40%, beta of 0.29, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since February 23, 2017.

  • This ETF participated in 78.71% of S&P 500 Index downside but only 65.36% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.29 may look defensive, but with R2 of 0.15 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
Alpha
4.40%
Beta
0.29
R²
0.15
Upside Capture
65.36%
Downside Capture
78.71%
See how alpha, beta & R² have trended over time →

Expense Ratio

IS31.DE has an expense ratio of 0.25%, which is considered low.

Return for Risk

Risk / Return Rank

IS31.DE ranks 26 for risk / return — below 26% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

IS31.DE Risk / Return Rank: 2626
Overall Rank
IS31.DE Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
IS31.DE Sortino Ratio Rank: 2424
Sortino Ratio Rank
IS31.DE Omega Ratio Rank: 2323
Omega Ratio Rank
IS31.DE Calmar Ratio Rank: 2525
Calmar Ratio Rank
IS31.DE Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) and compare them to S&P 500 Index.

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.

IS31.DEBenchmarkDifference
Sharpe ratioReturn per unit of total volatility
0.82
1.91

-1.09

Sortino ratioReturn per unit of downside risk
1.22
2.49

-1.27

Omega ratioGain probability vs. loss probability

1.15

1.35

-0.21

Calmar ratioReturn relative to maximum drawdown

1.07

3.18

-2.12

Martin ratioReturn relative to average drawdown

4.05

11.76

-7.72

Dividends

Dividend History

iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) was 33.66%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-33.66%Mar 2020
1mo 4d7mo 28d
9mo 2dFeb 2020 - Nov 2020
Bear market2022
-20.75%Oct 2022
9mo 13d1y 7mo
2y 4moJan 2022 - May 2024
Rate-hike selloffLate 2018
-16.05%Dec 2018
3mo 4d3mo 27d
7mo 1dSep 2018 - Apr 2019
2025 selloff2025
-12.56%Apr 2025
4mo 4d2mo 23d
6mo 27dDec 2024 - Jul 2025
2018 pullback2018
-8.40%Feb 2018
10d6mo 8d
6mo 18dJan 2018 - Aug 2018

Drawdown Indicators

IS31.DEBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-33.66%

-51.62%

+17.96%

Max Drawdown (1Y)

Largest decline over 1 year

-6.64%

-7.57%

+0.93%

Max Drawdown (3Y)

Largest decline over 3 years

-12.56%

-23.99%

+11.43%

Max Drawdown (5Y)

Largest decline over 5 years

-20.75%

-23.99%

+3.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.42%

—

Current Drawdown

Current decline from peak

0.00%

-0.43%

+0.43%

Average Drawdown

Average peak-to-trough decline

-4.85%

-9.08%

+4.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

2.04%

-0.29%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Portfolio Analyzer

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