SXR8.DE vs. IS31.DE
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds from iShares - SXR8.DE tracks the S&P 500 Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, SXR8.DE returned 13.73%/yr vs 5.66%/yr for IS31.DE. A 0.72 correlation means they provide meaningful diversification when combined. SXR8.DE charges 0.07%/yr vs 0.25%/yr for IS31.DE.
Performance
SXR8.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR8.DE achieves a 13.10% return, which is significantly higher than IS31.DE's 2.57% return.
SXR8.DE
- 1D
- 0.23%
- 1M
- 1.43%
- 6M
- 12.05%
- YTD
- 13.10%
- 1Y
- 23.52%
- 3Y*
- 19.30%
- 5Y*
- 13.73%
- 10Y*
- 14.52%
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
SXR8.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 13.10% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 1.74% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
Correlation
The correlation between SXR8.DE and IS31.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.72 |
The correlation between SXR8.DE and IS31.DE has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
SXR8.DE vs. IS31.DE — Risk / Return Rank
SXR8.DE
IS31.DE
SXR8.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
| SXR8.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.17 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 1.25 | +2.12 |
| Martin ratioReturn relative to average drawdown | 11.97 | 4.77 | +7.20 |
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Drawdowns
SXR8.DE vs. IS31.DE - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and IS31.DE.
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Drawdown Indicators
| SXR8.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -33.66% | -0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -6.64% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -12.56% | -10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -20.75% | -2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.01% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.83% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.75% | +0.21% |
Volatility
SXR8.DE vs. IS31.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) has a higher volatility of 2.75% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that SXR8.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.
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Volatility by Period
| SXR8.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.40% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 6.55% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 8.70% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 12.78% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 14.36% | +1.71% |
SXR8.DE vs. IS31.DE - Expense Ratio Comparison
SXR8.DE has a 0.07% 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
SXR8.DE vs. IS31.DE - Dividend Comparison
Neither SXR8.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR8.DE and IS31.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for IS31.DE.
SXR8.DE tracks S&P 500 Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). Their fees differ too: 0.07% for SXR8.DE and 0.25% for IS31.DE.
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