IS0Z.DE vs. SXR8.DE
IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IS0Z.DE is a Global Bonds fund tracking the Bloomberg Global Government AAA-AA Capped Bond, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IS0Z.DE returned -0.58%/yr vs 14.95%/yr for SXR8.DE. At a 0.14 correlation, their price movements are largely independent. IS0Z.DE charges 0.20%/yr vs 0.07%/yr for SXR8.DE.
Performance
IS0Z.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0Z.DE achieves a 1.29% return, which is significantly lower than SXR8.DE's 11.37% return. Over the past 10 years, IS0Z.DE has underperformed SXR8.DE with an annualized return of -0.58%, while SXR8.DE has yielded a comparatively higher 14.95% annualized return.
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.78%
- YTD
- 1.29%
- 6M
- 1.06%
- 1Y
- 0.23%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
IS0Z.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 1.73% | -3.57% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between IS0Z.DE and SXR8.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2012 | 0.14 |
Over the past year, IS0Z.DE and SXR8.DE have become more correlated (0.34) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
IS0Z.DE vs. SXR8.DE — Risk / Return Rank
IS0Z.DE
SXR8.DE
IS0Z.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| IS0Z.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 3.58 | -3.49 |
| Martin ratioReturn relative to average drawdown | 0.19 | 12.71 | -12.52 |
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
| IS0Z.DE | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 2.21 | -2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.96 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.92 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.79 | -0.74 |
Drawdowns
IS0Z.DE vs. SXR8.DE - Drawdown Comparison
The maximum IS0Z.DE drawdown since its inception was -21.02%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IS0Z.DE and SXR8.DE.
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Drawdown Indicators
| IS0Z.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.02% | -33.78% | +12.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -7.13% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -23.32% | +18.21% |
Max Drawdown (5Y)Largest decline over 5 years | -19.65% | -23.32% | +3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -21.02% | -33.78% | +12.76% |
Current DrawdownCurrent decline from peak | -15.06% | -0.45% | -14.61% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -5.17% | -2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.01% | -0.80% |
Volatility
IS0Z.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) is 1.69%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 2.65%. This indicates that IS0Z.DE experiences smaller price fluctuations and is considered to be less risky than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0Z.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 2.65% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 7.57% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 11.56% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 15.16% | -8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 16.09% | -10.43% |
IS0Z.DE vs. SXR8.DE - Expense Ratio Comparison
IS0Z.DE has a 0.20% expense ratio, which is higher than SXR8.DE's 0.07% 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
IS0Z.DE vs. SXR8.DE - Dividend Comparison
IS0Z.DE's dividend yield for the trailing twelve months is around 2.67%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS0Z.DE and SXR8.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IS0Z.DE.
IS0Z.DE is categorized as Global Bonds, while SXR8.DE is S&P 500. IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.20% for IS0Z.DE and 0.07% for SXR8.DE.
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