IS31.DE vs. LYP2.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and LYP2.DE (Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist)) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while LYP2.DE tracks the S&P 500 Index (EUR Hedged). Both are passively managed. Over the past 5 years, IS31.DE returned 5.66%/yr vs 10.57%/yr for LYP2.DE. Their correlation of 0.84 suggests significant overlap in exposure. IS31.DE charges 0.25%/yr vs 0.07%/yr for LYP2.DE.
Performance
IS31.DE vs. LYP2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 2.57% return, which is significantly lower than LYP2.DE's 8.64% return.
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
LYP2.DE
- 1D
- 0.23%
- 1M
- -0.12%
- 6M
- 8.66%
- YTD
- 8.64%
- 1Y
- 18.81%
- 3Y*
- 17.59%
- 5Y*
- 10.57%
- 10Y*
- 12.44%
IS31.DE vs. LYP2.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) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 8.64% | 15.46% | 22.97% | 23.48% | -21.40% | 28.77% | 16.56% | 27.52% | -8.44% | 13.42% |
Correlation
The correlation between IS31.DE and LYP2.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.84 |
The correlation between IS31.DE and LYP2.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
IS31.DE vs. LYP2.DE — Risk / Return Rank
IS31.DE
LYP2.DE
IS31.DE vs. LYP2.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 Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.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 | LYP2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.16 | -0.91 |
| Martin ratioReturn relative to average drawdown | 4.77 | 8.65 | -3.88 |
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Drawdowns
IS31.DE vs. LYP2.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum LYP2.DE drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for IS31.DE and LYP2.DE.
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Drawdown Indicators
| IS31.DE | LYP2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -33.94% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -8.67% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -18.39% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -25.88% | +5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.94% | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.80% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -4.50% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.17% | -0.42% |
Volatility
IS31.DE vs. LYP2.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is 2.40%, while Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.DE) has a volatility of 2.73%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than LYP2.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 | LYP2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 2.73% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.55% | 9.29% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.70% | 12.16% | -3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 16.05% | -3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 16.15% | -1.79% |
IS31.DE vs. LYP2.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than LYP2.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
IS31.DE vs. LYP2.DE - Dividend Comparison
IS31.DE has not paid dividends to shareholders, while LYP2.DE's dividend yield for the trailing twelve months is around 0.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 0.91% | 0.99% | 1.27% | 1.04% | 2.05% | 1.11% | 1.43% | 1.67% | 1.99% | 1.69% |
Frequently Asked Questions
IS31.DE and LYP2.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP2.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while LYP2.DE tracks S&P 500 Index (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for IS31.DE and 0.07% for LYP2.DE.
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