SXR0.DE vs. OPEN.DE
SXR0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)) and OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) are both Global Equities funds from iShares - SXR0.DE tracks the MSCI World Minimum Volatility Index (EUR Hedged) while OPEN.DE tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, SXR0.DE returned 4.62%/yr vs 11.92%/yr for OPEN.DE. A 0.69 correlation means they provide meaningful diversification when combined. SXR0.DE charges 0.35%/yr vs 0.25%/yr for OPEN.DE.
Performance
SXR0.DE vs. OPEN.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SXR0.DE achieves a 2.62% return, which is significantly lower than OPEN.DE's 20.16% return.
SXR0.DE
- 1D
- 0.70%
- 1M
- 2.14%
- 6M
- 2.74%
- YTD
- 2.62%
- 1Y
- 4.36%
- 3Y*
- 8.50%
- 5Y*
- 4.62%
- 10Y*
- —
OPEN.DE
- 1D
- -0.77%
- 1M
- -3.19%
- 6M
- 17.29%
- YTD
- 20.16%
- 1Y
- 29.20%
- 3Y*
- 17.35%
- 5Y*
- 11.92%
- 10Y*
- —
SXR0.DE vs. OPEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXR0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.62% | 7.02% | 13.29% | 5.81% | -9.67% | 16.59% | -1.27% | 20.04% | -6.76% |
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 20.16% | 10.42% | 14.10% | 11.46% | -3.78% | 27.00% | 0.40% | 25.13% | -8.51% |
Correlation
The correlation between SXR0.DE and OPEN.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018 | 0.69 |
Over the past year, the correlation between SXR0.DE and OPEN.DE has dropped to 0.31 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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
SXR0.DE vs. OPEN.DE — Risk / Return Rank
SXR0.DE
OPEN.DE
SXR0.DE vs. OPEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.DE) and iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.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.
| SXR0.DE | OPEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.43 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.55 | -2.72 |
| Martin ratioReturn relative to average drawdown | 1.77 | 12.82 | -11.06 |
Loading charts...
Drawdowns
SXR0.DE vs. OPEN.DE - Drawdown Comparison
The maximum SXR0.DE drawdown since its inception was -27.73%, smaller than the maximum OPEN.DE drawdown of -33.08%. Use the drawdown chart below to compare losses from any high point for SXR0.DE and OPEN.DE.
Loading charts...
Drawdown Indicators
| SXR0.DE | OPEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.73% | -33.08% | +5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -8.20% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -9.18% | -19.74% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -15.61% | -19.74% | +4.13% |
Current DrawdownCurrent decline from peak | -1.49% | -4.18% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -3.92% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.27% | +0.19% |
Volatility
SXR0.DE vs. OPEN.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.DE) is 2.16%, while iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) has a volatility of 4.54%. This indicates that SXR0.DE experiences smaller price fluctuations and is considered to be less risky than OPEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SXR0.DE | OPEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 4.54% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 5.96% | 10.81% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 12.70% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 13.23% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.60% | 15.55% | -3.95% |
SXR0.DE vs. OPEN.DE - Expense Ratio Comparison
SXR0.DE has a 0.35% expense ratio, which is higher than OPEN.DE's 0.25% expense ratio.
Dividends
SXR0.DE vs. OPEN.DE - Dividend Comparison
Neither SXR0.DE nor OPEN.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR0.DE and OPEN.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OPEN.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OPEN.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for SXR0.DE.
SXR0.DE tracks MSCI World Minimum Volatility Index (EUR Hedged), while OPEN.DE tracks MSCI ACWI Value NR USD. Their fees differ too: 0.35% for SXR0.DE and 0.25% for OPEN.DE.
Find the right allocation for SXR0.DE and OPEN.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