IS31.DE vs. QVMP.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and QVMP.DE (Invesco S&P 500 QVM UCITS ETF) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while QVMP.DE tracks the S&P 500 Quality, Value & Momentum Multi-Factor. Both are passively managed. Over the past 5 years, IS31.DE returned 5.98%/yr vs 15.50%/yr for QVMP.DE. A 0.64 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.35%/yr for QVMP.DE.
Performance
IS31.DE vs. QVMP.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 QVMP.DE's 20.67% 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*
- —
QVMP.DE
- 1D
- 0.22%
- 1M
- 2.92%
- 6M
- 21.30%
- YTD
- 20.67%
- 1Y
- 26.06%
- 3Y*
- 21.32%
- 5Y*
- 15.50%
- 10Y*
- —
IS31.DE vs. QVMP.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% | 11.81% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 20.67% | 1.52% | 37.26% | 3.43% | 6.14% | 36.89% | -1.58% | 28.89% | -3.41% | 0.79% |
Correlation
The correlation between IS31.DE and QVMP.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.64 |
The correlation between IS31.DE and QVMP.DE shifts across timeframes, from 0.50 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS31.DE vs. QVMP.DE — Risk / Return Rank
IS31.DE
QVMP.DE
IS31.DE vs. QVMP.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 Invesco S&P 500 QVM UCITS ETF (QVMP.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 | QVMP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 6.81 | -5.74 |
| Martin ratioReturn relative to average drawdown | 4.05 | 19.45 | -15.40 |
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Drawdowns
IS31.DE vs. QVMP.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum QVMP.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IS31.DE and QVMP.DE.
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Drawdown Indicators
| IS31.DE | QVMP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -34.11% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -3.81% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -19.87% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -19.87% | -0.88% |
Current DrawdownCurrent decline from peak | 0.00% | -3.14% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -5.50% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.34% | +0.41% |
Volatility
IS31.DE vs. QVMP.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is 2.94%, while Invesco S&P 500 QVM UCITS ETF (QVMP.DE) has a volatility of 5.74%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than QVMP.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 | QVMP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 5.74% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 8.96% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 11.56% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 16.17% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 18.35% | -3.97% |
IS31.DE vs. QVMP.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is lower than QVMP.DE's 0.35% expense ratio.
Dividends
IS31.DE vs. QVMP.DE - Dividend Comparison
IS31.DE has not paid dividends to shareholders, while QVMP.DE's dividend yield for the trailing twelve months is around 0.79%.
| 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% |
QVMP.DE Invesco S&P 500 QVM UCITS ETF | 0.79% | 0.84% | 0.82% | 1.61% | 1.82% | 0.86% | 1.58% | 1.38% | 1.31% | 0.72% |
Frequently Asked Questions
IS31.DE and QVMP.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS31.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS31.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for QVMP.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IS31.DE and 0.35% for QVMP.DE.
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