SPY1.DE vs. IBCF.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while IBCF.DE tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, SPY1.DE returned 7.35%/yr vs 12.48%/yr for IBCF.DE. At a 0.49 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.20%/yr for IBCF.DE.
Performance
SPY1.DE vs. IBCF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than IBCF.DE's 8.84% return. Over the past 10 years, SPY1.DE has underperformed IBCF.DE with an annualized return of 7.35%, while IBCF.DE has yielded a comparatively higher 12.48% annualized return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
IBCF.DE
- 1D
- -0.02%
- 1M
- 4.41%
- YTD
- 8.84%
- 6M
- 9.66%
- 1Y
- 24.65%
- 3Y*
- 19.50%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
SPY1.DE vs. IBCF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.65% | 3.67% | 2.32% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 8.84% | 15.42% | 22.97% | 23.21% | -21.83% | 28.51% | 14.47% | 27.13% | -8.40% | 18.78% |
Correlation
The correlation between SPY1.DE and IBCF.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2012 | 0.49 |
The correlation between SPY1.DE and IBCF.DE shifts across timeframes, from -0.07 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPY1.DE vs. IBCF.DE — Risk / Return Rank
SPY1.DE
IBCF.DE
SPY1.DE vs. IBCF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.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.
| SPY1.DE | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.37 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.81 | -3.04 |
| Martin ratioReturn relative to average drawdown | -0.48 | 12.07 | -12.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY1.DE | IBCF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.08 | -2.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.76 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.72 | -0.03 |
Drawdowns
SPY1.DE vs. IBCF.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum IBCF.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and IBCF.DE.
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Drawdown Indicators
| SPY1.DE | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -35.06% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -8.72% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -18.34% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -26.23% | +9.91% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -35.06% | -0.24% |
Current DrawdownCurrent decline from peak | -11.45% | -0.55% | -10.90% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.41% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.04% | +1.11% |
Volatility
SPY1.DE vs. IBCF.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) at 3.08%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than IBCF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY1.DE | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.08% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.63% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 11.79% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 16.02% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 16.34% | -2.34% |
SPY1.DE vs. IBCF.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than IBCF.DE's 0.20% expense ratio.
Dividends
SPY1.DE vs. IBCF.DE - Dividend Comparison
Neither SPY1.DE nor IBCF.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and IBCF.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCF.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while IBCF.DE tracks S&P 500 EUR Hedged Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for SPY1.DE and 0.20% for IBCF.DE.
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