IBCK.DE vs. SPPE.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - IBCK.DE tracks the S&P 500 Minimum Volatility while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, IBCK.DE returned 9.91%/yr vs 11.18%/yr for SPPE.DE. A 0.65 correlation means they provide meaningful diversification when combined. IBCK.DE charges 0.20%/yr vs 0.12%/yr for SPPE.DE.
Performance
IBCK.DE vs. SPPE.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 SPPE.DE's 9.05% return.
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
SPPE.DE
- 1D
- -0.02%
- 1M
- 4.39%
- YTD
- 9.05%
- 6M
- 9.84%
- 1Y
- 24.85%
- 3Y*
- 19.65%
- 5Y*
- 11.18%
- 10Y*
- —
IBCK.DE vs. SPPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -9.16% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 9.05% | 15.34% | 23.21% | 23.17% | -21.69% | 28.48% | 15.08% | 29.99% | -10.40% |
Correlation
The correlation between IBCK.DE and SPPE.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.65 |
The correlation between IBCK.DE and SPPE.DE shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBCK.DE vs. SPPE.DE — Risk / Return Rank
IBCK.DE
SPPE.DE
IBCK.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.87 | -1.04 |
| Martin ratioReturn relative to average drawdown | 5.31 | 12.22 | -6.91 |
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 | SPPE.DE | 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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.80 | +0.09 |
Drawdowns
IBCK.DE vs. SPPE.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, roughly equal to the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and SPPE.DE.
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Drawdown Indicators
| IBCK.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -34.07% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -8.64% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -18.41% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -26.07% | +8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.59% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -6.19% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.03% | -0.28% |
Volatility
IBCK.DE vs. SPPE.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) is 2.26%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.07%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 3.07% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 8.56% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 11.69% | -2.96% |
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% | 18.64% | -4.62% |
IBCK.DE vs. SPPE.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is higher than SPPE.DE's 0.12% 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. SPPE.DE - Dividend Comparison
Neither IBCK.DE nor SPPE.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and SPPE.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCK.DE.
IBCK.DE tracks S&P 500 Minimum Volatility, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IBCK.DE and 0.12% for SPPE.DE.
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