SPY1.DE vs. IS20.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and IS20.DE (iShares S&P 500 Top 20 UCITS ETF USD Acc) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while IS20.DE tracks the S&P 500 Top 20 Index. Both are passively managed. Over the past year, SPY1.DE returned -1.53% vs 30.08% for IS20.DE. At a 0.08 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.10%/yr for IS20.DE.
Performance
SPY1.DE vs. IS20.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 IS20.DE's 9.38% 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%
IS20.DE
- 1D
- -0.38%
- 1M
- 4.82%
- YTD
- 9.38%
- 6M
- 8.62%
- 1Y
- 30.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY1.DE vs. IS20.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | -2.34% |
IS20.DE iShares S&P 500 Top 20 UCITS ETF USD Acc | 9.38% | 6.77% | 6.20% |
Correlation
The correlation between SPY1.DE and IS20.DE is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.08 |
The correlation between SPY1.DE and IS20.DE shifts across timeframes, from -0.09 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPY1.DE vs. IS20.DE — Risk / Return Rank
SPY1.DE
IS20.DE
SPY1.DE vs. IS20.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 Top 20 UCITS ETF USD Acc (IS20.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 | IS20.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.35 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.35 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.48 | 7.30 | -7.79 |
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 | IS20.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.02 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.77 | -0.07 |
Drawdowns
SPY1.DE vs. IS20.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, which is greater than IS20.DE's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and IS20.DE.
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Drawdown Indicators
| SPY1.DE | IS20.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -26.30% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -12.73% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -11.45% | -1.60% | -9.85% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -6.16% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 4.11% | -0.96% |
Volatility
SPY1.DE vs. IS20.DE - Volatility Comparison
The current volatility for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) is 3.46%, while iShares S&P 500 Top 20 UCITS ETF USD Acc (IS20.DE) has a volatility of 3.65%. This indicates that SPY1.DE experiences smaller price fluctuations and is considered to be less risky than IS20.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 | IS20.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.65% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 10.03% | -2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 14.81% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 19.57% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 19.57% | -5.57% |
SPY1.DE vs. IS20.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than IS20.DE's 0.10% expense ratio.
Dividends
SPY1.DE vs. IS20.DE - Dividend Comparison
Neither SPY1.DE nor IS20.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and IS20.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS20.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS20.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while IS20.DE tracks S&P 500 Top 20 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for SPY1.DE and 0.10% for IS20.DE.
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