IS20.DE vs. IBCK.DE
IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds from iShares - IS20.DE tracks the S&P 500 Top 20 Index while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past year, IS20.DE returned 30.08% vs 9.44% for IBCK.DE. A 0.62 correlation means they provide meaningful diversification when combined. IS20.DE charges 0.10%/yr vs 0.20%/yr for IBCK.DE.
Performance
IS20.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS20.DE achieves a 9.38% return, which is significantly higher than IBCK.DE's 5.14% return.
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
IS20.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | -0.23% |
Correlation
The correlation between IS20.DE and IBCK.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.62 |
The correlation between IS20.DE and IBCK.DE has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
IS20.DE vs. IBCK.DE — Risk / Return Rank
IS20.DE
IBCK.DE
IS20.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| IS20.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.83 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.30 | 5.31 | +2.00 |
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
| IS20.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.07 | +0.95 |
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 | 0.77 | 0.88 | -0.12 |
Drawdowns
IS20.DE vs. IBCK.DE - Drawdown Comparison
The maximum IS20.DE drawdown since its inception was -26.30%, smaller than the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for IS20.DE and IBCK.DE.
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Drawdown Indicators
| IS20.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -33.11% | +6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -5.08% | -7.65% |
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 | -1.60% | -0.47% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.50% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.75% | +2.36% |
Volatility
IS20.DE vs. IBCK.DE - Volatility Comparison
iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a higher volatility of 3.65% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that IS20.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS20.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.26% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.03% | 5.71% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 8.73% | +6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 12.37% | +7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 14.02% | +5.55% |
IS20.DE vs. IBCK.DE - Expense Ratio Comparison
IS20.DE has a 0.10% expense ratio, which is lower than IBCK.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS20.DE vs. IBCK.DE - Dividend Comparison
Neither IS20.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
IS20.DE and IBCK.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS20.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS20.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IBCK.DE.
IS20.DE tracks S&P 500 Top 20 Index, while IBCK.DE tracks S&P 500 Minimum Volatility. Their fees differ too: 0.10% for IS20.DE and 0.20% for IBCK.DE.
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