H1D5.DE vs. IBCK.DE
H1D5.DE (Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - H1D5.DE tracks the S&P 500 Index (EUR Hedged) while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 10 years, H1D5.DE returned 12.69%/yr vs 9.86%/yr for IBCK.DE. A 0.69 correlation means they provide meaningful diversification when combined. H1D5.DE charges 0.28%/yr vs 0.20%/yr for IBCK.DE.
Performance
H1D5.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with H1D5.DE having a 7.77% return and IBCK.DE slightly lower at 7.43%. Over the past 10 years, H1D5.DE has outperformed IBCK.DE with an annualized return of 12.69%, while IBCK.DE has yielded a comparatively lower 9.86% annualized return.
H1D5.DE
- 1D
- 0.16%
- 1M
- -1.01%
- 6M
- 8.69%
- YTD
- 7.77%
- 1Y
- 17.66%
- 3Y*
- 17.64%
- 5Y*
- 10.23%
- 10Y*
- 12.69%
IBCK.DE
- 1D
- 0.32%
- 1M
- 2.18%
- 6M
- 8.69%
- YTD
- 7.43%
- 1Y
- 12.87%
- 3Y*
- 11.19%
- 5Y*
- 9.35%
- 10Y*
- 9.86%
H1D5.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
H1D5.DE Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.77% | 15.23% | 22.75% | 23.18% | -21.57% | 28.78% | 15.86% | 27.46% | -8.35% | 19.09% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 7.43% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.86% | -1.49% | 2.29% |
Correlation
The correlation between H1D5.DE and IBCK.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.69 |
The correlation between H1D5.DE and IBCK.DE shifts across timeframes, from 0.58 (3 years) to 0.70 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
H1D5.DE vs. IBCK.DE — Risk / Return Rank
H1D5.DE
IBCK.DE
H1D5.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) (H1D5.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| H1D5.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.52 | -0.49 |
| Martin ratioReturn relative to average drawdown | 8.17 | 7.80 | +0.37 |
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Drawdowns
H1D5.DE vs. IBCK.DE - Drawdown Comparison
The maximum H1D5.DE drawdown since its inception was -33.97%, roughly equal to the maximum IBCK.DE drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for H1D5.DE and IBCK.DE.
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Drawdown Indicators
| H1D5.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.97% | -33.12% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -5.08% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -17.55% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.97% | -17.55% | -8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -33.12% | -0.85% |
Current DrawdownCurrent decline from peak | -1.58% | -0.20% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -6.52% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.65% | +0.51% |
Volatility
H1D5.DE vs. IBCK.DE - Volatility Comparison
Amundi S&P 500 Swap UCITS ETF EUR Hedged (Acc) (H1D5.DE) has a higher volatility of 4.07% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.28%. This indicates that H1D5.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H1D5.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.28% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.25% | 5.74% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 8.75% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 12.37% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 13.97% | +2.15% |
H1D5.DE vs. IBCK.DE - Expense Ratio Comparison
H1D5.DE has a 0.28% expense ratio, which is higher than IBCK.DE's 0.20% expense ratio.
Dividends
H1D5.DE vs. IBCK.DE - Dividend Comparison
Neither H1D5.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
H1D5.DE and IBCK.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.28% for H1D5.DE.
H1D5.DE tracks S&P 500 Index (EUR Hedged), while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.28% for H1D5.DE and 0.20% for IBCK.DE.
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