IBCK.DE vs. SPY1.DE
IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) and SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) are both S&P 500 funds - IBCK.DE tracks the S&P 500 Minimum Volatility while SPY1.DE tracks the S&P 500 Low Volatility. Both are passively managed. Over the past 10 years, IBCK.DE returned 10.32%/yr vs 7.35%/yr for SPY1.DE. Their correlation of 0.86 suggests significant overlap in exposure. IBCK.DE charges 0.20%/yr vs 0.35%/yr for SPY1.DE.
Performance
IBCK.DE vs. SPY1.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 higher than SPY1.DE's 2.00% return. Over the past 10 years, IBCK.DE has outperformed SPY1.DE with an annualized return of 10.32%, while SPY1.DE has yielded a comparatively lower 7.35% annualized 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%
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
IBCK.DE vs. SPY1.DE - 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% |
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.65% | 3.67% | 2.32% |
Correlation
The correlation between IBCK.DE and SPY1.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2013 | 0.86 |
Over the past year, the correlation between IBCK.DE and SPY1.DE has dropped to 0.54 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
IBCK.DE vs. SPY1.DE — Risk / Return Rank
IBCK.DE
SPY1.DE
IBCK.DE vs. SPY1.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 Low Volatility UCITS ETF (SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.98 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | -0.23 | +2.05 |
| Martin ratioReturn relative to average drawdown | 5.31 | -0.48 | +5.79 |
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 | SPY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | -0.15 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.47 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.52 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.69 | +0.19 |
Drawdowns
IBCK.DE vs. SPY1.DE - Drawdown Comparison
The maximum IBCK.DE drawdown since its inception was -33.11%, smaller than the maximum SPY1.DE drawdown of -35.30%. Use the drawdown chart below to compare losses from any high point for IBCK.DE and SPY1.DE.
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Drawdown Indicators
| IBCK.DE | SPY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.11% | -35.30% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -6.77% | +1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -14.59% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -16.32% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -33.11% | -35.30% | +2.19% |
Current DrawdownCurrent decline from peak | -0.47% | -11.45% | +10.98% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -6.16% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 3.15% | -1.40% |
Volatility
IBCK.DE vs. SPY1.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 Low Volatility UCITS ETF (SPY1.DE) has a volatility of 3.46%. This indicates that IBCK.DE experiences smaller price fluctuations and is considered to be less risky than SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | 3.46% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 5.71% | 7.38% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 10.25% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.37% | 12.47% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.02% | 14.00% | +0.02% |
IBCK.DE vs. SPY1.DE - Expense Ratio Comparison
IBCK.DE has a 0.20% expense ratio, which is lower than SPY1.DE's 0.35% expense ratio.
Dividends
IBCK.DE vs. SPY1.DE - Dividend Comparison
Neither IBCK.DE nor SPY1.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCK.DE and SPY1.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, IBCK.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCK.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SPY1.DE.
IBCK.DE tracks S&P 500 Minimum Volatility, while SPY1.DE tracks S&P 500 Low Volatility. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IBCK.DE and 0.35% for SPY1.DE.
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