SXR8.DE vs. IUSE.L
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) are both S&P 500 funds from iShares - SXR8.DE tracks the S&P 500 Index while IUSE.L tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.87%/yr vs 12.51%/yr for IUSE.L. A 0.78 correlation means they provide meaningful diversification when combined. SXR8.DE charges 0.07%/yr vs 0.20%/yr for IUSE.L.
Performance
SXR8.DE vs. IUSE.L - Performance Comparison
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Returns By Period
In the year-to-date period, SXR8.DE achieves a 9.96% return, which is significantly higher than IUSE.L's 7.12% return. Over the past 10 years, SXR8.DE has outperformed IUSE.L with an annualized return of 14.87%, while IUSE.L has yielded a comparatively lower 12.51% annualized return.
SXR8.DE
- 1D
- 1.56%
- 1M
- 0.60%
- YTD
- 9.96%
- 6M
- 11.01%
- 1Y
- 24.90%
- 3Y*
- 17.96%
- 5Y*
- 14.24%
- 10Y*
- 14.87%
IUSE.L
- 1D
- 2.09%
- 1M
- 0.02%
- YTD
- 7.12%
- 6M
- 8.27%
- 1Y
- 21.75%
- 3Y*
- 18.11%
- 5Y*
- 10.61%
- 10Y*
- 12.51%
SXR8.DE vs. IUSE.L - 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) | 9.96% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.12% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
Correlation
The correlation between SXR8.DE and IUSE.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.78 |
The correlation between SXR8.DE and IUSE.L has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
SXR8.DE vs. IUSE.L — Risk / Return Rank
SXR8.DE
IUSE.L
SXR8.DE vs. IUSE.L - 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 S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L). 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 | IUSE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 2.45 | +1.07 |
| Martin ratioReturn relative to average drawdown | 12.50 | 10.19 | +2.32 |
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Drawdowns
SXR8.DE vs. IUSE.L - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum IUSE.L drawdown of -34.75%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and IUSE.L.
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Drawdown Indicators
| SXR8.DE | IUSE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -34.75% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -8.67% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -18.33% | -4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -26.23% | +2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -34.75% | +0.97% |
Current DrawdownCurrent decline from peak | -1.72% | -2.35% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.27% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.09% | -0.13% |
Volatility
SXR8.DE vs. IUSE.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) is 3.08%, while iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a volatility of 4.09%. This indicates that SXR8.DE experiences smaller price fluctuations and is considered to be less risky than IUSE.L 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 | IUSE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.09% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 9.02% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 11.95% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.05% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.35% | -0.27% |
SXR8.DE vs. IUSE.L - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is lower than IUSE.L's 0.20% 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. IUSE.L - Dividend Comparison
Neither SXR8.DE nor IUSE.L has paid dividends to shareholders.
Frequently Asked Questions
SXR8.DE and IUSE.L have a correlation of 0.82, 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 0.20% for IUSE.L.
SXR8.DE tracks S&P 500 Index, while IUSE.L tracks S&P 500 EUR Hedged Index. Their fees differ too: 0.07% for SXR8.DE and 0.20% for IUSE.L.
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