IBCG.DE vs. SXR8.DE
IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IBCG.DE is a Japan Equities fund tracking the MSCI Japan Index (EUR Hedged), while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IBCG.DE returned 14.99%/yr vs 14.87%/yr for SXR8.DE. A 0.60 correlation means they provide meaningful diversification when combined. IBCG.DE charges 0.64%/yr vs 0.07%/yr for SXR8.DE.
Performance
IBCG.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCG.DE achieves a 21.27% return, which is significantly higher than SXR8.DE's 12.22% return. Both investments have delivered pretty close results over the past 10 years, with IBCG.DE having a 14.99% annualized return and SXR8.DE not far behind at 14.87%.
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
SXR8.DE
- 1D
- 0.22%
- 1M
- 0.62%
- 6M
- 12.76%
- YTD
- 12.22%
- 1Y
- 24.06%
- 3Y*
- 18.35%
- 5Y*
- 13.70%
- 10Y*
- 14.87%
IBCG.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 7.58% | 16.67% | -16.91% | 18.65% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 12.22% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between IBCG.DE and SXR8.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2011 | 0.60 |
The correlation between IBCG.DE and SXR8.DE shifts across timeframes, from 0.51 (3 years) to 0.62 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCG.DE vs. SXR8.DE — Risk / Return Rank
IBCG.DE
SXR8.DE
IBCG.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| IBCG.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.45 | +1.38 |
| Martin ratioReturn relative to average drawdown | 16.49 | 12.24 | +4.25 |
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Drawdowns
IBCG.DE vs. SXR8.DE - Drawdown Comparison
The maximum IBCG.DE drawdown since its inception was -34.79%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IBCG.DE and SXR8.DE.
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Drawdown Indicators
| IBCG.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -33.78% | -1.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -6.94% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -23.32% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -23.32% | +1.69% |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | -33.78% | -1.01% |
Current DrawdownCurrent decline from peak | -2.74% | -0.61% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -5.20% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.96% | +0.96% |
Volatility
IBCG.DE vs. SXR8.DE - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a higher volatility of 6.70% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 3.63%. This indicates that IBCG.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCG.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 3.63% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 7.98% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 11.90% | +8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 15.20% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.07% | +2.38% |
IBCG.DE vs. SXR8.DE - Expense Ratio Comparison
IBCG.DE has a 0.64% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
IBCG.DE vs. SXR8.DE - Dividend Comparison
Neither IBCG.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCG.DE and SXR8.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.64% for IBCG.DE.
IBCG.DE is categorized as Japan Equities, while SXR8.DE is S&P 500. IBCG.DE tracks MSCI Japan Index (EUR Hedged), while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.64% for IBCG.DE and 0.07% for SXR8.DE.
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