IS31.DE vs. XSXD.DE

Last updated Jul 18, 2026

IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and XSXD.DE (Xtrackers S&P 500 Swap UCITS ETF 1D) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while XSXD.DE tracks the S&P 500 Index. Both are passively managed. Over the past 3 years, IS31.DE returned 10.50%/yr vs 19.31%/yr for XSXD.DE. A 0.70 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.07%/yr for XSXD.DE.

Performance

IS31.DE vs. XSXD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) and Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IS31.DE achieves a 2.76% return, which is significantly lower than XSXD.DE's 13.24% 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*: —

XSXD.DE

• 1D: 0.00%
• 1M: 2.05%
• 6M: 10.88%
• YTD: 13.24%
• 1Y: 23.21%
• 3Y*: 19.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IS31.DE vs. XSXD.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%	2.67%
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D	13.24%	4.89%	32.52%	22.75%	0.28%

Correlation

The correlation between IS31.DE and XSXD.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	0.66
Correlation (All Time) Calculated using the full available price history since Jun 14, 2022	0.70

The correlation between IS31.DE and XSXD.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

IS31.DE vs. XSXD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IS31.DE

IS31.DE Risk / Return Rank: 33
IS31.DE Sharpe Ratio Rank: 33
IS31.DE Sortino Ratio Rank: 32
IS31.DE Omega Ratio Rank: 30
IS31.DE Calmar Ratio Rank: 31
IS31.DE Martin Ratio Rank: 39

XSXD.DE

XSXD.DE Risk / Return Rank: 80
XSXD.DE Sharpe Ratio Rank: 81
XSXD.DE Sortino Ratio Rank: 79
XSXD.DE Omega Ratio Rank: 81
XSXD.DE Calmar Ratio Rank: 82
XSXD.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IS31.DE vs. XSXD.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 Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.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	XSXD.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.00	-1.07
Sortino ratio: Return per unit of downside risk	1.37	2.74	-1.37
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.20
Calmar ratio: Return relative to maximum drawdown	1.20	3.29	-2.09
Martin ratio: Return relative to average drawdown	4.57	11.58	-7.01

IS31.DE vs. XSXD.DE - Sharpe Ratio Comparison

The current IS31.DE Sharpe Ratio is 0.92, which is lower than the XSXD.DE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of IS31.DE and XSXD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IS31.DE vs. XSXD.DE - Drawdown Comparison

The maximum IS31.DE drawdown since its inception was -33.66%, which is greater than XSXD.DE's maximum drawdown of -23.31%. Use the drawdown chart below to compare losses from any high point for IS31.DE and XSXD.DE.

Drawdown Indicators

	IS31.DE	XSXD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.66%	-23.31%	-10.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-7.08%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.56%	-23.31%	+10.75%
Max Drawdown (5Y) Largest decline over 5 years	-20.75%	—	—
Current Drawdown Current decline from peak	-0.83%	-0.14%	-0.69%
Average Drawdown Average peak-to-trough decline	-4.83%	-4.28%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.01%	-0.26%

Volatility

IS31.DE vs. XSXD.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 Xtrackers S&P 500 Swap UCITS ETF 1D (XSXD.DE) has a volatility of 2.67%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than XSXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IS31.DE	XSXD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	2.67%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	7.99%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	8.69%	11.88%	-3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	14.53%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	14.53%	-0.17%

IS31.DE vs. XSXD.DE - Expense Ratio Comparison

IS31.DE has a 0.25% expense ratio, which is higher than XSXD.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. XSXD.DE - Dividend Comparison

IS31.DE has not paid dividends to shareholders, while XSXD.DE's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%
XSXD.DE Xtrackers S&P 500 Swap UCITS ETF 1D	0.80%	0.94%	1.09%	1.30%	0.38%

Frequently Asked Questions

Can I hold both IS31.DE and XSXD.DE in my portfolio?

IS31.DE and XSXD.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.

Which ETF is better, IS31.DE or XSXD.DE?

On fees, XSXD.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IS31.DE or XSXD.DE?

XSXD.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for IS31.DE.

What is the main difference between IS31.DE and XSXD.DE?

IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while XSXD.DE tracks S&P 500 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for IS31.DE and 0.07% for XSXD.DE.