IBCF.DE vs. IS31.DE
IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds from iShares - IBCF.DE tracks the S&P 500 EUR Hedged Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, IBCF.DE returned 10.13%/yr vs 5.73%/yr for IS31.DE. Their correlation of 0.84 suggests significant overlap in exposure. IBCF.DE charges 0.20%/yr vs 0.25%/yr for IS31.DE.
Performance
IBCF.DE vs. IS31.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBCF.DE achieves a 7.68% return, which is significantly higher than IS31.DE's 2.67% return.
IBCF.DE
- 1D
- 0.20%
- 1M
- 0.01%
- 6M
- 8.46%
- YTD
- 7.68%
- 1Y
- 16.75%
- 3Y*
- 16.88%
- 5Y*
- 10.13%
- 10Y*
- 12.04%
- ALL TIME*
- 11.77%
IS31.DE
- 1D
- -0.09%
- 1M
- 1.13%
- 6M
- 3.86%
- YTD
- 2.67%
- 1Y
- 7.70%
- 3Y*
- 9.92%
- 5Y*
- 5.73%
- 10Y*
- —
- ALL TIME*
- 7.79%
IBCF.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 7.68% | 15.42% | 22.96% | 23.22% | -21.84% | 28.52% | 14.47% | 27.12% | -8.39% | 13.57% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.67% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
Correlation
The correlation between IBCF.DE and IS31.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.84 |
The correlation between IBCF.DE and IS31.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBCF.DE vs. IS31.DE — Risk / Return Rank
IBCF.DE
IS31.DE
IBCF.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.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.
| IBCF.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.15 | +0.76 |
| Martin ratioReturn relative to average drawdown | 7.71 | 4.39 | +3.32 |
Loading charts...
Drawdowns
IBCF.DE vs. IS31.DE - Drawdown Comparison
The maximum IBCF.DE drawdown since its inception was -35.06%, roughly equal to the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for IBCF.DE and IS31.DE.
Loading charts...
Drawdown Indicators
| IBCF.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.06% | -33.66% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -6.64% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -12.56% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -20.75% | -5.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.06% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | -0.92% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.83% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.75% | +0.42% |
Volatility
IBCF.DE vs. IS31.DE - Volatility Comparison
iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) has a higher volatility of 2.95% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 1.93%. This indicates that IBCF.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.
Loading charts...
Volatility by Period
| IBCF.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 1.93% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 6.52% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 8.66% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 12.77% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 14.35% | +1.94% |
IBCF.DE vs. IS31.DE - Expense Ratio Comparison
IBCF.DE has a 0.20% 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
IBCF.DE vs. IS31.DE - Dividend Comparison
Neither IBCF.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCF.DE and IS31.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCF.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS31.DE.
IBCF.DE tracks S&P 500 EUR Hedged Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). Their fees differ too: 0.20% for IBCF.DE and 0.25% for IS31.DE.
Find the right allocation for IBCF.DE and IS31.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer