UQAB.DE vs. IBCK.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds from iShares - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 10.94%/yr for IBCK.DE. Their correlation of 0.81 suggests significant overlap in exposure. UQAB.DE charges 0.07%/yr vs 0.20%/yr for IBCK.DE.
Performance
UQAB.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly higher than IBCK.DE's 5.14% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.61%
- YTD
- 5.14%
- 6M
- 5.32%
- 1Y
- 9.77%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
UQAB.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -4.91% |
Correlation
The correlation between UQAB.DE and IBCK.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.81 |
The correlation between UQAB.DE and IBCK.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
UQAB.DE vs. IBCK.DE — Risk / Return Rank
UQAB.DE
IBCK.DE
UQAB.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| UQAB.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.83 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.07 | 5.31 | +1.76 |
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
| UQAB.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 1.07 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.88 | -0.14 |
Drawdowns
UQAB.DE vs. IBCK.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and IBCK.DE.
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Drawdown Indicators
| UQAB.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -33.11% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -5.08% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -17.55% | -5.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.11% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.47% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.50% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.75% | +1.07% |
Volatility
UQAB.DE vs. IBCK.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) has a higher volatility of 2.72% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that UQAB.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UQAB.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.26% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 5.71% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 8.73% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 12.37% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 14.02% | +1.53% |
UQAB.DE vs. IBCK.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is lower than IBCK.DE'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
UQAB.DE vs. IBCK.DE - Dividend Comparison
Neither UQAB.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
UQAB.DE and IBCK.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IBCK.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while IBCK.DE tracks S&P 500 Minimum Volatility. Their fees differ too: 0.07% for UQAB.DE and 0.20% for IBCK.DE.
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