SPPE.DE vs. IS31.DE
SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, SPPE.DE returned 10.46%/yr vs 5.78%/yr for IS31.DE. Their correlation of 0.86 suggests significant overlap in exposure. SPPE.DE charges 0.12%/yr vs 0.25%/yr for IS31.DE.
Performance
SPPE.DE vs. IS31.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPPE.DE achieves a 8.84% return, which is significantly higher than IS31.DE's 3.15% return.
SPPE.DE
- 1D
- 0.11%
- 1M
- 0.22%
- 6M
- 7.81%
- YTD
- 8.84%
- 1Y
- 20.41%
- 3Y*
- 17.64%
- 5Y*
- 10.46%
- 10Y*
- —
IS31.DE
- 1D
- 0.56%
- 1M
- 0.19%
- 6M
- 3.15%
- YTD
- 3.15%
- 1Y
- 9.40%
- 3Y*
- 10.64%
- 5Y*
- 5.78%
- 10Y*
- —
SPPE.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 8.84% | 15.32% | 23.27% | 23.16% | -21.71% | 28.53% | 15.02% | 27.80% | -8.05% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.15% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -5.76% |
Correlation
The correlation between SPPE.DE and IS31.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.86 |
The correlation between SPPE.DE and IS31.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPPE.DE vs. IS31.DE — Risk / Return Rank
SPPE.DE
IS31.DE
SPPE.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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.
| SPPE.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.41 | +0.93 |
| Martin ratioReturn relative to average drawdown | 9.42 | 5.36 | +4.06 |
Loading charts...
Drawdowns
SPPE.DE vs. IS31.DE - Drawdown Comparison
The maximum SPPE.DE drawdown since its inception was -34.33%, roughly equal to the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SPPE.DE and IS31.DE.
Loading charts...
Drawdown Indicators
| SPPE.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -33.66% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -6.64% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -12.56% | -5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.10% | -20.75% | -5.35% |
Current DrawdownCurrent decline from peak | -0.76% | -0.46% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -4.83% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.75% | +0.41% |
Volatility
SPPE.DE vs. IS31.DE - Volatility Comparison
SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a higher volatility of 2.73% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.46%. This indicates that SPPE.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.
Loading charts...
Volatility by Period
| SPPE.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.46% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 6.55% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 8.69% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.06% | 12.78% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 14.36% | +3.23% |
SPPE.DE vs. IS31.DE - Expense Ratio Comparison
SPPE.DE has a 0.12% 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
SPPE.DE vs. IS31.DE - Dividend Comparison
Neither SPPE.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPE.DE and IS31.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for IS31.DE.
SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPE.DE and 0.25% for IS31.DE.
Find the right allocation for SPPE.DE and IS31.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer