IS31.DE vs. IBCK.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds from iShares - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 5 years, IS31.DE returned 5.98%/yr vs 9.35%/yr for IBCK.DE. A 0.75 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.20%/yr for IBCK.DE.
Performance
IS31.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 3.24% return, which is significantly lower than IBCK.DE's 7.43% return.
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
IBCK.DE
- 1D
- 0.32%
- 1M
- 2.18%
- 6M
- 8.69%
- YTD
- 7.43%
- 1Y
- 12.87%
- 3Y*
- 11.19%
- 5Y*
- 9.35%
- 10Y*
- 9.86%
IS31.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 7.43% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.86% | -1.49% | -0.38% |
Correlation
The correlation between IS31.DE and IBCK.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.75 |
The correlation between IS31.DE and IBCK.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
IS31.DE vs. IBCK.DE — Risk / Return Rank
IS31.DE
IBCK.DE
IS31.DE vs. IBCK.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 EUR Hedged (Acc) (IS31.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IS31.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 2.52 | -1.46 |
| Martin ratioReturn relative to average drawdown | 4.05 | 7.80 | -3.75 |
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Drawdowns
IS31.DE vs. IBCK.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum IBCK.DE drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for IS31.DE and IBCK.DE.
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Drawdown Indicators
| IS31.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -33.12% | -0.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -5.08% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -17.55% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -17.55% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.20% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -6.52% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.65% | +0.10% |
Volatility
IS31.DE vs. IBCK.DE - Volatility Comparison
iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) has a higher volatility of 2.94% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.28%. This indicates that IS31.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
| IS31.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.28% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 5.74% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 8.75% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 12.37% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 13.97% | +0.41% |
IS31.DE vs. IBCK.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than IBCK.DE's 0.20% 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
IS31.DE vs. IBCK.DE - Dividend Comparison
Neither IS31.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and IBCK.DE have a correlation of 0.70, 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 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while IBCK.DE tracks S&P 500 Minimum Volatility. Their fees differ too: 0.25% for IS31.DE and 0.20% for IBCK.DE.
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