LYP2.DE vs. IS31.DE
LYP2.DE (Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist)) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - LYP2.DE tracks the S&P 500 Index (EUR Hedged) while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, LYP2.DE returned 10.48%/yr vs 5.98%/yr for IS31.DE. Their correlation of 0.84 suggests significant overlap in exposure. LYP2.DE charges 0.07%/yr vs 0.25%/yr for IS31.DE.
Performance
LYP2.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYP2.DE achieves a 7.84% return, which is significantly higher than IS31.DE's 3.24% return.
LYP2.DE
- 1D
- 0.18%
- 1M
- -0.97%
- 6M
- 8.72%
- YTD
- 7.84%
- 1Y
- 17.76%
- 3Y*
- 17.85%
- 5Y*
- 10.48%
- 10Y*
- 12.62%
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
LYP2.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 7.84% | 15.46% | 22.97% | 23.48% | -21.40% | 28.77% | 16.56% | 27.52% | -8.44% | 13.42% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
Correlation
The correlation between LYP2.DE and IS31.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.84 |
The correlation between LYP2.DE and IS31.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
LYP2.DE vs. IS31.DE — Risk / Return Rank
LYP2.DE
IS31.DE
LYP2.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.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.
| LYP2.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.07 | +0.97 |
| Martin ratioReturn relative to average drawdown | 8.21 | 4.05 | +4.17 |
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Drawdowns
LYP2.DE vs. IS31.DE - Drawdown Comparison
The maximum LYP2.DE drawdown since its inception was -33.94%, roughly equal to the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for LYP2.DE and IS31.DE.
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Drawdown Indicators
| LYP2.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -33.66% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -6.64% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -12.56% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -20.75% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.94% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | 0.00% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -4.85% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.75% | +0.41% |
Volatility
LYP2.DE vs. IS31.DE - Volatility Comparison
Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.DE) has a higher volatility of 4.05% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.94%. This indicates that LYP2.DE's price experiences larger fluctuations and is considered to be riskier than IS31.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYP2.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.94% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 6.51% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 8.76% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 12.78% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 14.38% | +1.78% |
LYP2.DE vs. IS31.DE - Expense Ratio Comparison
LYP2.DE has a 0.07% expense ratio, which is lower than IS31.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LYP2.DE vs. IS31.DE - Dividend Comparison
LYP2.DE's dividend yield for the trailing twelve months is around 0.92%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 0.92% | 0.99% | 1.27% | 1.04% | 2.05% | 1.11% | 1.43% | 1.67% | 1.99% | 1.69% |
Frequently Asked Questions
LYP2.DE and IS31.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP2.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for IS31.DE.
LYP2.DE tracks S&P 500 Index (EUR Hedged), while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for LYP2.DE and 0.25% for IS31.DE.
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