I500.DE vs. IS3M.DE
I500.DE (iShares S&P 500 Swap UCITS ETF USD (Acc)) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - I500.DE is a S&P 500 fund tracking the S&P 500 Index, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, I500.DE returned 15.00%/yr vs 2.10%/yr for IS3M.DE. At a 0.02 correlation, their price movements are largely independent. I500.DE charges 0.07%/yr vs 0.09%/yr for IS3M.DE.
Performance
I500.DE vs. IS3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, I500.DE achieves a 11.45% return, which is significantly higher than IS3M.DE's 0.92% return.
I500.DE
- 1D
- -0.12%
- 1M
- 4.40%
- YTD
- 11.45%
- 6M
- 10.92%
- 1Y
- 25.73%
- 3Y*
- 19.08%
- 5Y*
- 15.00%
- 10Y*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.92%
- 6M
- 1.05%
- 1Y
- 2.27%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
I500.DE vs. IS3M.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
I500.DE iShares S&P 500 Swap UCITS ETF USD (Acc) | 11.45% | 4.94% | 32.50% | 22.82% | -14.07% | 41.05% | 7.37% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.07% |
Correlation
The correlation between I500.DE and IS3M.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.02 |
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Return for Risk
I500.DE vs. IS3M.DE — Risk / Return Rank
I500.DE
IS3M.DE
I500.DE vs. IS3M.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) and iShares € Ultrashort Bond UCITS ETF (IS3M.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.
| I500.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.64 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 7.59 | -3.98 |
| Martin ratioReturn relative to average drawdown | 12.82 | 49.96 | -37.14 |
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
| I500.DE | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.95 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 2.74 | -1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.86 | +0.27 |
Drawdowns
I500.DE vs. IS3M.DE - Drawdown Comparison
The maximum I500.DE drawdown since its inception was -23.24%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for I500.DE and IS3M.DE.
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Drawdown Indicators
| I500.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.24% | -3.80% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -0.30% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -0.47% | -22.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -1.21% | -22.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.01% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -0.29% | -3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.05% | +1.96% |
Volatility
I500.DE vs. IS3M.DE - Volatility Comparison
iShares S&P 500 Swap UCITS ETF USD (Acc) (I500.DE) has a higher volatility of 2.65% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that I500.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| I500.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 0.29% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 0.59% | +7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 0.76% | +10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 0.76% | +14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.13% | 1.11% | +14.02% |
I500.DE vs. IS3M.DE - Expense Ratio Comparison
I500.DE has a 0.07% expense ratio, which is lower than IS3M.DE's 0.09% 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
I500.DE vs. IS3M.DE - Dividend Comparison
I500.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
I500.DE iShares S&P 500 Swap UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
I500.DE and IS3M.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, I500.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
I500.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for IS3M.DE.
I500.DE is categorized as S&P 500, while IS3M.DE is Ultrashort Bond. I500.DE tracks S&P 500 Index, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Their fees differ too: 0.07% for I500.DE and 0.09% for IS3M.DE.
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