IBCK.DE vs. ^GSPC
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) is S&P 500 fund tracking the S&P 500 Minimum Volatility, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, IBCK.DE returned 9.86%/yr vs 13.23%/yr for ^GSPC. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
IBCK.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
IBCK.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBCK.DE achieves a 7.43% return, which is significantly lower than ^GSPC's 12.30% return. Over the past 10 years, IBCK.DE has underperformed ^GSPC with an annualized return of 9.86%, while ^GSPC has yielded a comparatively higher 13.23% annualized return.
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%
^GSPC
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
IBCK.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
^GSPC S&P 500 Index | 12.30% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between IBCK.DE and ^GSPC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.56 |
The correlation between IBCK.DE and ^GSPC has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
IBCK.DE vs. ^GSPC — Risk / Return Rank
IBCK.DE
^GSPC
IBCK.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) and S&P 500 Index (^GSPC). 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.
| IBCK.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.35 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.18 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.80 | 11.76 | -3.97 |
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Drawdowns
IBCK.DE vs. ^GSPC - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.12%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and ^GSPC.
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Drawdown Indicators
| IBCK.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -51.62% | +18.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -7.57% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -23.99% | +6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -23.99% | +6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -33.12% | -33.42% | +0.30% |
Current DrawdownCurrent decline from peak | -0.20% | -0.43% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -9.08% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.04% | -0.39% |
Volatility
IBCK.DE vs. ^GSPC - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) is 2.28%, while S&P 500 Index (^GSPC) has a volatility of 4.12%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCK.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 4.12% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 9.22% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.75% | 12.63% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 16.86% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.97% | 18.60% | -4.63% |
Frequently Asked Questions
IBCK.DE and ^GSPC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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