UQAB.DE vs. IS31.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate 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 - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, UQAB.DE returned 17.53%/yr vs 10.50%/yr for IS31.DE. A 0.70 correlation means they provide meaningful diversification when combined. UQAB.DE charges 0.07%/yr vs 0.25%/yr for IS31.DE.
Performance
UQAB.DE vs. IS31.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UQAB.DE achieves a 9.39% return, which is significantly higher than IS31.DE's 2.76% return.
UQAB.DE
- 1D
- 0.00%
- 1M
- 2.38%
- 6M
- 8.44%
- YTD
- 9.39%
- 1Y
- 18.32%
- 3Y*
- 17.53%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- -0.37%
- 1M
- 0.00%
- 6M
- 3.26%
- YTD
- 2.76%
- 1Y
- 8.02%
- 3Y*
- 10.50%
- 5Y*
- 5.70%
- 10Y*
- —
UQAB.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 9.39% | 2.75% | 33.33% | 26.71% | -15.09% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 6.75% | -10.26% |
Correlation
The correlation between UQAB.DE and IS31.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.70 |
The correlation between UQAB.DE and IS31.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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
UQAB.DE vs. IS31.DE — Risk / Return Rank
UQAB.DE
IS31.DE
UQAB.DE vs. IS31.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 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.
| UQAB.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.16 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.20 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.53 | 4.57 | +1.96 |
Loading charts...
Drawdowns
UQAB.DE vs. IS31.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and IS31.DE.
Loading charts...
Drawdown Indicators
| UQAB.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -33.66% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -6.64% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -12.56% | -10.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.83% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.75% | +1.06% |
Volatility
UQAB.DE vs. IS31.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) has a higher volatility of 2.88% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 1.94%. This indicates that UQAB.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.
Loading charts...
Volatility by Period
| UQAB.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 1.94% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 6.52% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 8.69% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 12.78% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.48% | 14.36% | +1.12% |
UQAB.DE vs. IS31.DE - Expense Ratio Comparison
UQAB.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
UQAB.DE vs. IS31.DE - Dividend Comparison
Neither UQAB.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
UQAB.DE and IS31.DE have a correlation of 0.62, 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 0.25% for IS31.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). Their fees differ too: 0.07% for UQAB.DE and 0.25% for IS31.DE.
Find the right allocation for UQAB.DE and IS31.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