IBCK.DE vs. EFRW.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and EFRW.DE (iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc) are both S&P 500 funds from iShares - IBCK.DE tracks the S&P 500 Minimum Volatility while EFRW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, IBCK.DE returned 9.77% vs 17.03% for EFRW.DE. A 0.58 correlation means they provide meaningful diversification when combined. IBCK.DE charges 0.20%/yr vs 0.17%/yr for EFRW.DE.
Performance
IBCK.DE vs. EFRW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCK.DE achieves a 5.14% return, which is significantly lower than EFRW.DE's 8.09% return.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.61%
- YTD
- 5.14%
- 6M
- 5.32%
- 1Y
- 9.77%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
EFRW.DE
- 1D
- 0.36%
- 1M
- 2.58%
- YTD
- 8.09%
- 6M
- 8.98%
- 1Y
- 17.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBCK.DE vs. EFRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | 3.97% |
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc | 8.09% | 9.95% |
Correlation
The correlation between IBCK.DE and EFRW.DE is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.58 |
The correlation between IBCK.DE and EFRW.DE has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
IBCK.DE vs. EFRW.DE — Risk / Return Rank
IBCK.DE
EFRW.DE
IBCK.DE vs. EFRW.DE - 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 iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.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.
| IBCK.DE | EFRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.37 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.31 | 8.32 | -3.02 |
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
| IBCK.DE | EFRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.55 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 1.55 | -0.66 |
Drawdowns
IBCK.DE vs. EFRW.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, which is greater than EFRW.DE's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and EFRW.DE.
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Drawdown Indicators
| IBCK.DE | EFRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -7.12% | -25.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -7.12% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | 0.00% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -1.35% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.03% | -0.28% |
Volatility
IBCK.DE vs. EFRW.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) is 2.26%, while iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE) has a volatility of 2.64%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than EFRW.DE 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 | EFRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 2.64% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 7.67% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 10.91% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 11.32% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 11.32% | +2.70% |
IBCK.DE vs. EFRW.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is higher than EFRW.DE's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCK.DE vs. EFRW.DE - Dividend Comparison
Neither IBCK.DE nor EFRW.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and EFRW.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRW.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for IBCK.DE.
IBCK.DE tracks S&P 500 Minimum Volatility, while EFRW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.20% for IBCK.DE and 0.17% for EFRW.DE.
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