IS31.DE vs. XZEW.DE
IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) and XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) are both S&P 500 funds - IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged) while XZEW.DE tracks the S&P 500 Equal Weight ESG. Both are passively managed. Over the past 3 years, IS31.DE returned 10.50%/yr vs 13.29%/yr for XZEW.DE. A 0.68 correlation means they provide meaningful diversification when combined. IS31.DE charges 0.25%/yr vs 0.17%/yr for XZEW.DE.
Performance
IS31.DE vs. XZEW.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 XZEW.DE's 15.08% 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*
- —
XZEW.DE
- 1D
- 0.00%
- 1M
- 2.59%
- 6M
- 10.43%
- YTD
- 15.08%
- 1Y
- 23.64%
- 3Y*
- 13.29%
- 5Y*
- —
- 10Y*
- —
IS31.DE vs. XZEW.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% | -2.78% |
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C | 15.08% | 1.09% | 18.02% | 10.63% | -8.31% |
Correlation
The correlation between IS31.DE and XZEW.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2022 | 0.68 |
The correlation between IS31.DE and XZEW.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
IS31.DE vs. XZEW.DE — Risk / Return Rank
IS31.DE
XZEW.DE
IS31.DE vs. XZEW.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 Equal Weight ESG UCITS ETF 1C (XZEW.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 | XZEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.51 | -0.30 |
| Martin ratioReturn relative to average drawdown | 4.57 | 2.90 | +1.67 |
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Drawdowns
IS31.DE vs. XZEW.DE - Drawdown Comparison
The maximum IS31.DE drawdown since its inception was -33.66%, which is greater than XZEW.DE's maximum drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for IS31.DE and XZEW.DE.
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Drawdown Indicators
| IS31.DE | XZEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.66% | -23.98% | -9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.64% | -15.71% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.56% | -23.98% | +11.42% |
Max Drawdown (5Y)Largest decline over 5 years | -20.75% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.23% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -6.18% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 8.16% | -6.41% |
Volatility
IS31.DE vs. XZEW.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 Equal Weight ESG UCITS ETF 1C (XZEW.DE) has a volatility of 2.83%. This indicates that IS31.DE experiences smaller price fluctuations and is considered to be less risky than XZEW.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 | XZEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.83% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 7.26% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.69% | 24.17% | -15.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 18.07% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.36% | 18.07% | -3.71% |
IS31.DE vs. XZEW.DE - Expense Ratio Comparison
IS31.DE has a 0.25% expense ratio, which is higher than XZEW.DE's 0.17% 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. XZEW.DE - Dividend Comparison
Neither IS31.DE nor XZEW.DE has paid dividends to shareholders.
Frequently Asked Questions
IS31.DE and XZEW.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.25% for IS31.DE.
IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged), while XZEW.DE tracks S&P 500 Equal Weight ESG. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.25% for IS31.DE and 0.17% for XZEW.DE.
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