5ESE.DE vs. IS31.DE
5ESE.DE (Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - 5ESE.DE tracks the S&P 500 ESG Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, 5ESE.DE returned 17.55%/yr vs 10.62%/yr for IS31.DE. Their correlation of 0.83 suggests significant overlap in exposure. 5ESE.DE charges 0.09%/yr vs 0.25%/yr for IS31.DE.
Performance
5ESE.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 5ESE.DE achieves a 7.92% return, which is significantly higher than IS31.DE's 3.24% return.
5ESE.DE
- 1D
- 0.12%
- 1M
- 0.07%
- 6M
- 8.61%
- YTD
- 7.92%
- 1Y
- 20.25%
- 3Y*
- 17.55%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
5ESE.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
5ESE.DE Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc | 7.92% | 15.84% | 21.80% | 24.91% | -21.16% | 2.35% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 5.26% |
Correlation
The correlation between 5ESE.DE and IS31.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.83 |
The correlation between 5ESE.DE and IS31.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
5ESE.DE vs. IS31.DE — Risk / Return Rank
5ESE.DE
IS31.DE
5ESE.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
| 5ESE.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.07 | +1.12 |
| Martin ratioReturn relative to average drawdown | 9.28 | 4.05 | +5.23 |
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Drawdowns
5ESE.DE vs. IS31.DE - Drawdown Comparison
The maximum 5ESE.DE drawdown since its inception was -25.54%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for 5ESE.DE and IS31.DE.
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Drawdown Indicators
| 5ESE.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -33.66% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -6.64% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.31% | -12.56% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -1.36% | 0.00% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -4.85% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.75% | +0.43% |
Volatility
5ESE.DE vs. IS31.DE - Volatility Comparison
Invesco S&P 500 Scored & Screened ETF EUR Hdg Acc (5ESE.DE) has a higher volatility of 4.11% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.94%. This indicates that 5ESE.DE's price experiences larger fluctuations and is considered to be riskier than IS31.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5ESE.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 2.94% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.35% | 6.51% | +2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 8.76% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 12.78% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 14.38% | +2.24% |
5ESE.DE vs. IS31.DE - Expense Ratio Comparison
5ESE.DE has a 0.09% expense ratio, which is lower than IS31.DE's 0.25% 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
5ESE.DE vs. IS31.DE - Dividend Comparison
Neither 5ESE.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
5ESE.DE and IS31.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5ESE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5ESE.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for IS31.DE.
5ESE.DE tracks S&P 500 ESG Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.09% for 5ESE.DE and 0.25% for IS31.DE.
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