IS31.DE vs. SXR8.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds from iShares - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while SXR8.DE tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, IS31.DE returned 5.98%/yr vs 13.70%/yr for SXR8.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.07%/yr for SXR8.DE.
Performance
IS31.DE vs. SXR8.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 SXR8.DE's 12.22% 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*
- —
SXR8.DE
- 1D
- 0.22%
- 1M
- 0.62%
- 6M
- 12.76%
- YTD
- 12.22%
- 1Y
- 24.06%
- 3Y*
- 18.35%
- 5Y*
- 13.70%
- 10Y*
- 14.87%
IS31.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 12.22% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 1.74% |
Correlation
The correlation between IS31.DE and SXR8.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.72 |
The correlation between IS31.DE and SXR8.DE shifts across timeframes, from 0.63 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS31.DE vs. SXR8.DE — Risk / Return Rank
IS31.DE
SXR8.DE
IS31.DE vs. SXR8.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 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.
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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.45 | -2.38 |
| Martin ratioReturn relative to average drawdown | 4.05 | 12.24 | -8.19 |
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Drawdowns
IS31.DE vs. SXR8.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IS31.DE and SXR8.DE.
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Drawdown Indicators
| IS31.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -33.78% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -6.94% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -23.32% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -23.32% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.61% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -5.20% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.96% | -0.21% |
Volatility
IS31.DE vs. SXR8.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 iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 3.63%. This indicates that IS31.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
| IS31.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.63% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 7.98% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 11.90% | -3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 15.20% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 16.07% | -1.69% |
IS31.DE vs. SXR8.DE - Expense Ratio Comparison
IS31.DE has a 0.25% 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
IS31.DE vs. SXR8.DE - Dividend Comparison
Neither IS31.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and SXR8.DE have a correlation of 0.63, 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 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.25% for IS31.DE and 0.07% for SXR8.DE.
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