IS31.DE vs. UQAB.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and UQAB.DE (iShares S&P 500 Paris-Aligned Climate 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 UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened. Both are passively managed. Over the past 3 years, IS31.DE returned 10.50%/yr vs 17.53%/yr for UQAB.DE. A 0.70 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.07%/yr for UQAB.DE.
Performance
IS31.DE vs. UQAB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS31.DE achieves a 2.76% return, which is significantly lower than UQAB.DE's 9.39% return.
IS31.DE
- 1D
- -0.37%
- 1M
- 0.00%
- 6M
- 3.26%
- YTD
- 2.76%
- 1Y
- 8.02%
- 3Y*
- 10.50%
- 5Y*
- 5.70%
- 10Y*
- —
UQAB.DE
- 1D
- 0.00%
- 1M
- 2.38%
- 6M
- 8.44%
- YTD
- 9.39%
- 1Y
- 18.32%
- 3Y*
- 17.53%
- 5Y*
- —
- 10Y*
- —
IS31.DE vs. UQAB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 6.75% | -10.26% |
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 9.39% | 2.75% | 33.33% | 26.71% | -15.09% |
Correlation
The correlation between IS31.DE and UQAB.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.70 |
The correlation between IS31.DE and UQAB.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
IS31.DE vs. UQAB.DE — Risk / Return Rank
IS31.DE
UQAB.DE
IS31.DE vs. UQAB.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 S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.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 | UQAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.94 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.57 | 6.53 | -1.96 |
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Drawdowns
IS31.DE vs. UQAB.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, which is greater than UQAB.DE's maximum drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for IS31.DE and UQAB.DE.
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Drawdown Indicators
| IS31.DE | UQAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -23.20% | -10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -9.48% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -23.20% | +10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -5.12% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.81% | -1.06% |
Volatility
IS31.DE vs. UQAB.DE - Volatility Comparison
The current volatility for iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) is 1.94%, while iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) has a volatility of 2.88%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than UQAB.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 | UQAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.88% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 8.45% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 12.00% | -3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 15.48% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 15.48% | -1.12% |
IS31.DE vs. UQAB.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than UQAB.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. UQAB.DE - Dividend Comparison
Neither IS31.DE nor UQAB.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and UQAB.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.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 UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened. Their fees differ too: 0.25% for IS31.DE and 0.07% for UQAB.DE.
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