IS31.DE vs. UBU9.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while UBU9.DE tracks the S&P 500. Both are passively managed. Over the past 5 years, IS31.DE returned 5.98%/yr vs 13.68%/yr for UBU9.DE. A 0.72 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.03%/yr for UBU9.DE.
Performance
IS31.DE vs. UBU9.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 UBU9.DE's 12.24% 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*
- —
UBU9.DE
- 1D
- 0.23%
- 1M
- 0.62%
- 6M
- 13.04%
- YTD
- 12.24%
- 1Y
- 24.17%
- 3Y*
- 18.39%
- 5Y*
- 13.68%
- 10Y*
- 14.83%
IS31.DE vs. UBU9.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% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 12.24% | 4.77% | 32.31% | 22.36% | -14.25% | 40.60% | 6.64% | 34.48% | -1.14% | 1.70% |
Correlation
The correlation between IS31.DE and UBU9.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 UBU9.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. UBU9.DE — Risk / Return Rank
IS31.DE
UBU9.DE
IS31.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.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 | UBU9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 3.36 | -2.29 |
| Martin ratioReturn relative to average drawdown | 4.05 | 11.76 | -7.71 |
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Drawdowns
IS31.DE vs. UBU9.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, roughly equal to the maximum UBU9.DE drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IS31.DE and UBU9.DE.
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Drawdown Indicators
| IS31.DE | UBU9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -33.82% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -7.17% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -23.30% | +10.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | -23.30% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.64% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -5.25% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.05% | -0.30% |
Volatility
IS31.DE vs. UBU9.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 UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) has a volatility of 3.65%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than UBU9.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 | UBU9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 3.65% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 8.06% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.76% | 11.94% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 15.26% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 16.06% | -1.68% |
IS31.DE vs. UBU9.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than UBU9.DE's 0.03% 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. UBU9.DE - Dividend Comparison
IS31.DE has not paid dividends to shareholders, while UBU9.DE's dividend yield for the trailing twelve months is around 0.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 0.94% | 0.98% | 0.96% | 1.15% | 1.30% | 0.90% | 1.40% | 1.36% | 1.57% | 1.53% | 1.66% | 1.53% |
Frequently Asked Questions
IS31.DE and UBU9.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, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while UBU9.DE tracks S&P 500. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for IS31.DE and 0.03% for UBU9.DE.
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