MODR.DE vs. ISPA.DE
MODR.DE (iShares Moderate Portfolio UCITS ETF EUR (Acc)) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both exchange-traded funds - MODR.DE is a Global Allocation fund actively managed by iShares, while ISPA.DE is a Global Equities fund tracking the STOXX® Global Select Dividend 100 index. MODR.DE is actively managed, while ISPA.DE is passively managed. Over the past 5 years, MODR.DE returned 3.93%/yr vs 10.92%/yr for ISPA.DE. A 0.60 correlation means they provide meaningful diversification when combined. MODR.DE charges 0.25%/yr vs 0.46%/yr for ISPA.DE.
Performance
MODR.DE vs. ISPA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MODR.DE achieves a 6.71% return, which is significantly lower than ISPA.DE's 14.66% return.
MODR.DE
- 1D
- 0.15%
- 1M
- 0.29%
- 6M
- 6.54%
- YTD
- 6.71%
- 1Y
- 12.69%
- 3Y*
- 9.29%
- 5Y*
- 3.93%
- 10Y*
- —
ISPA.DE
- 1D
- 0.47%
- 1M
- 1.53%
- 6M
- 13.66%
- YTD
- 14.66%
- 1Y
- 28.82%
- 3Y*
- 18.87%
- 5Y*
- 10.92%
- 10Y*
- 8.88%
MODR.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MODR.DE iShares Moderate Portfolio UCITS ETF EUR (Acc) | 6.71% | 7.37% | 9.34% | 8.76% | -15.49% | 11.65% | 5.35% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 14.66% | 19.72% | 12.97% | 4.78% | -1.91% | 22.80% | 14.62% |
Correlation
The correlation between MODR.DE and ISPA.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.60 |
The correlation between MODR.DE and ISPA.DE has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
MODR.DE vs. ISPA.DE — Risk / Return Rank
MODR.DE
ISPA.DE
MODR.DE vs. ISPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) and iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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.
| MODR.DE | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.59 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 7.87 | -5.43 |
| Martin ratioReturn relative to average drawdown | 10.15 | 28.42 | -18.28 |
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Drawdowns
MODR.DE vs. ISPA.DE - Drawdown Comparison
The maximum MODR.DE drawdown since its inception was -17.98%, smaller than the maximum ISPA.DE drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for MODR.DE and ISPA.DE.
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Drawdown Indicators
| MODR.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.98% | -38.90% | +20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -3.64% | -1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -15.09% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -15.09% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.90% | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.29% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -4.53% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.01% | +0.24% |
Volatility
MODR.DE vs. ISPA.DE - Volatility Comparison
The current volatility for iShares Moderate Portfolio UCITS ETF EUR (Acc) (MODR.DE) is 2.20%, while iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a volatility of 2.36%. This indicates that MODR.DE experiences smaller price fluctuations and is considered to be less risky than ISPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MODR.DE | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 2.36% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 6.87% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.35% | 8.95% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.16% | 11.97% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.27% | 14.65% | -6.38% |
MODR.DE vs. ISPA.DE - Expense Ratio Comparison
MODR.DE has a 0.25% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
MODR.DE vs. ISPA.DE - Dividend Comparison
MODR.DE has not paid dividends to shareholders, while ISPA.DE's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.71% | 4.52% | 4.89% | 5.91% | 4.87% | 3.31% | 4.04% | 4.02% | 4.01% | 5.66% | 3.64% | 4.35% |
MODR.DE iShares Moderate Portfolio UCITS ETF EUR (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
MODR.DE and ISPA.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MODR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MODR.DE is cheaper with a 0.25% expense ratio, compared with 0.46% for ISPA.DE.
MODR.DE is categorized as Global Allocation, while ISPA.DE is Global Equities. Their fees differ too: 0.25% for MODR.DE and 0.46% for ISPA.DE.
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