IS3R.DE vs. SPY5.DE
IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IS3R.DE returned 15.43%/yr vs 14.78%/yr for SPY5.DE. Their correlation of 0.87 suggests significant overlap in exposure. IS3R.DE charges 0.25%/yr vs 0.03%/yr for SPY5.DE.
Performance
IS3R.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3R.DE achieves a 23.73% return, which is significantly higher than SPY5.DE's 9.95% return. Both investments have delivered pretty close results over the past 10 years, with IS3R.DE having a 15.43% annualized return and SPY5.DE not far behind at 14.78%.
IS3R.DE
- 1D
- 3.45%
- 1M
- 4.33%
- YTD
- 23.73%
- 6M
- 26.24%
- 1Y
- 35.47%
- 3Y*
- 25.94%
- 5Y*
- 14.78%
- 10Y*
- 15.43%
SPY5.DE
- 1D
- 1.56%
- 1M
- 0.08%
- YTD
- 9.95%
- 6M
- 10.78%
- 1Y
- 24.88%
- 3Y*
- 17.96%
- 5Y*
- 14.23%
- 10Y*
- 14.78%
IS3R.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 23.73% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 16.42% | 31.46% | 0.29% | 16.07% |
SPY5.DE SPDR S&P 500 UCITS ETF | 9.95% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.44% | -1.62% | 6.69% |
Correlation
The correlation between IS3R.DE and SPY5.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.87 |
The correlation between IS3R.DE and SPY5.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
IS3R.DE vs. SPY5.DE — Risk / Return Rank
IS3R.DE
SPY5.DE
IS3R.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) and SPDR S&P 500 UCITS ETF (SPY5.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.
| IS3R.DE | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.41 | +0.48 |
| Martin ratioReturn relative to average drawdown | 14.75 | 12.10 | +2.65 |
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Drawdowns
IS3R.DE vs. SPY5.DE - Drawdown Comparison
The maximum IS3R.DE drawdown since its inception was -30.76%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for IS3R.DE and SPY5.DE.
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Drawdown Indicators
| IS3R.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -33.86% | +3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -7.15% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -23.34% | -0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.57% | -23.34% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -30.76% | -33.86% | +3.10% |
Current DrawdownCurrent decline from peak | -0.02% | -1.74% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -3.92% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.02% | +0.36% |
Volatility
IS3R.DE vs. SPY5.DE - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a higher volatility of 6.79% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 3.08%. This indicates that IS3R.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3R.DE | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 3.08% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 7.88% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 11.75% | +5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 15.21% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.08% | +2.01% |
IS3R.DE vs. SPY5.DE - Expense Ratio Comparison
IS3R.DE has a 0.25% expense ratio, which is higher than SPY5.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
IS3R.DE vs. SPY5.DE - Dividend Comparison
IS3R.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.90% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.43% | 1.28% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
IS3R.DE and SPY5.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.25% for IS3R.DE.
IS3R.DE is categorized as Momentum, while SPY5.DE is S&P 500. IS3R.DE tracks MSCI World Momentum Index, while SPY5.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IS3R.DE and 0.03% for SPY5.DE.
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