IS3L.DE vs. SXR8.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IS3L.DE is a Ultrashort Bond fund tracking the iBoxx USD Liquid Investment Grade Ultrashort Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IS3L.DE returned 2.44%/yr vs 14.87%/yr for SXR8.DE. At a 0.32 correlation, their price movements are largely independent. IS3L.DE charges 0.09%/yr vs 0.07%/yr for SXR8.DE.
Performance
IS3L.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 4.85% return, which is significantly lower than SXR8.DE's 12.22% return. Over the past 10 years, IS3L.DE has underperformed SXR8.DE with an annualized return of 2.44%, while SXR8.DE has yielded a comparatively higher 14.87% annualized return.
IS3L.DE
- 1D
- 0.07%
- 1M
- 1.79%
- 6M
- 4.65%
- YTD
- 4.85%
- 1Y
- 7.12%
- 3Y*
- 3.43%
- 5Y*
- 4.53%
- 10Y*
- 2.44%
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%
IS3L.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.85% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -7.79% | 5.65% | 6.82% | -10.84% |
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% | 6.67% |
Correlation
The correlation between IS3L.DE and SXR8.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2013 | 0.32 |
The correlation between IS3L.DE and SXR8.DE shifts across timeframes, from 0.12 (5 years) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3L.DE vs. SXR8.DE — Risk / Return Rank
IS3L.DE
SXR8.DE
IS3L.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.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.
| IS3L.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.45 | -1.31 |
| Martin ratioReturn relative to average drawdown | 5.14 | 12.24 | -7.10 |
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Drawdowns
IS3L.DE vs. SXR8.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and SXR8.DE.
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Drawdown Indicators
| IS3L.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -33.78% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -6.94% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -23.32% | +11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -23.32% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -33.78% | +14.50% |
Current DrawdownCurrent decline from peak | -4.88% | -0.61% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -5.20% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.96% | -0.58% |
Volatility
IS3L.DE vs. SXR8.DE - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) is 1.60%, while iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a volatility of 3.63%. This indicates that IS3L.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
| IS3L.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.60% | 3.63% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 7.98% | -3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 11.90% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 15.20% | -7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.54% | 16.07% | -5.53% |
IS3L.DE vs. SXR8.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% 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
IS3L.DE vs. SXR8.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.25%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.25% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (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% |
Frequently Asked Questions
IS3L.DE and SXR8.DE have a correlation of 0.17, 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 0.09% for IS3L.DE.
IS3L.DE is categorized as Ultrashort Bond, while SXR8.DE is S&P 500. IS3L.DE tracks iBoxx USD Liquid Investment Grade Ultrashort Index, while SXR8.DE tracks S&P 500 Index. Their fees differ too: 0.09% for IS3L.DE and 0.07% for SXR8.DE.
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