IBCK.DE vs. IUSE.L
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both S&P 500 funds from iShares - IBCK.DE tracks the S&P 500 Minimum Volatility while IUSE.L tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, IBCK.DE returned 10.32%/yr vs 12.48%/yr for IUSE.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IBCK.DE vs. IUSE.L - 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 IUSE.L's 9.10% return. Over the past 10 years, IBCK.DE has underperformed IUSE.L with an annualized return of 10.32%, while IUSE.L has yielded a comparatively higher 12.48% annualized 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%
IUSE.L
- 1D
- 0.01%
- 1M
- 3.10%
- YTD
- 9.10%
- 6M
- 9.36%
- 1Y
- 24.30%
- 3Y*
- 19.47%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
IBCK.DE vs. IUSE.L - 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) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.85% | -1.47% | 2.29% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 9.10% | 14.95% | 23.20% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
Correlation
The correlation between IBCK.DE and IUSE.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2013 | 0.68 |
The correlation between IBCK.DE and IUSE.L shifts across timeframes, from 0.52 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCK.DE vs. IUSE.L — Risk / Return Rank
IBCK.DE
IUSE.L
IBCK.DE vs. IUSE.L - 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 EUR Hedged UCITS ETF Acc (IUSE.L). 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 | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.83 | -1.00 |
| Martin ratioReturn relative to average drawdown | 5.31 | 12.09 | -6.79 |
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 | IUSE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 2.12 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.69 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.76 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.79 | +0.10 |
Drawdowns
IBCK.DE vs. IUSE.L - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, roughly equal to the maximum IUSE.L drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and IUSE.L.
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Drawdown Indicators
| IBCK.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -34.75% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -8.67% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -18.33% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -26.23% | +8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -34.75% | +1.64% |
Current DrawdownCurrent decline from peak | -0.47% | -0.55% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -4.31% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.03% | -0.28% |
Volatility
IBCK.DE vs. IUSE.L - 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 EUR Hedged UCITS ETF Acc (IUSE.L) has a volatility of 3.24%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than IUSE.L 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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 3.24% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 8.53% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 11.58% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 16.00% | -3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 16.33% | -2.31% |
IBCK.DE vs. IUSE.L - Expense Ratio Comparison
Both IBCK.DE and IUSE.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBCK.DE vs. IUSE.L - Dividend Comparison
Neither IBCK.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and IUSE.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE and IUSE.L have the same expense ratio: 0.20% per year.
IBCK.DE tracks S&P 500 Minimum Volatility, while IUSE.L tracks S&P 500 EUR Hedged Index.
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