XDED.DE vs. IS31.DE
XDED.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 2D) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XDED.DE tracks the S&P 500 Equal Weight Index while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, XDED.DE returned 12.76%/yr vs 10.50%/yr for IS31.DE. A 0.67 correlation means they provide meaningful diversification when combined. XDED.DE charges 0.20%/yr vs 0.25%/yr for IS31.DE.
Performance
XDED.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDED.DE achieves a 14.90% return, which is significantly higher than IS31.DE's 2.76% return.
XDED.DE
- 1D
- 0.00%
- 1M
- 2.66%
- 6M
- 10.07%
- YTD
- 14.90%
- 1Y
- 20.23%
- 3Y*
- 12.76%
- 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*
- —
XDED.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 14.90% | -0.44% | 18.53% | -0.80% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.76% | 9.27% | 16.79% | 9.31% |
Correlation
The correlation between XDED.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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2023 | 0.67 |
The correlation between XDED.DE and IS31.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
XDED.DE vs. IS31.DE — Risk / Return Rank
XDED.DE
IS31.DE
XDED.DE vs. IS31.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.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.
| XDED.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.20 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.22 | 4.57 | -2.35 |
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Drawdowns
XDED.DE vs. IS31.DE - Drawdown Comparison
The maximum XDED.DE drawdown since its inception was -22.63%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XDED.DE and IS31.DE.
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Drawdown Indicators
| XDED.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.63% | -33.66% | +11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -16.61% | -6.64% | -9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -12.56% | -10.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.83% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -4.83% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 1.75% | +7.38% |
Volatility
XDED.DE vs. IS31.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF 2D (XDED.DE) has a higher volatility of 2.77% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 1.94%. This indicates that XDED.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
| XDED.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 1.94% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | 6.52% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.13% | 8.69% | +15.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 12.78% | +5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 14.36% | +3.73% |
XDED.DE vs. IS31.DE - Expense Ratio Comparison
XDED.DE has a 0.20% 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
XDED.DE vs. IS31.DE - Dividend Comparison
XDED.DE's dividend yield for the trailing twelve months is around 1.20%, while IS31.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
XDED.DE Xtrackers S&P 500 Equal Weight UCITS ETF 2D | 1.20% | 1.35% | 1.61% | 0.83% |
Frequently Asked Questions
XDED.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, XDED.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDED.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS31.DE.
XDED.DE tracks S&P 500 Equal Weight Index, while IS31.DE tracks S&P 500 Minimum Volatility Index (EUR Hedged). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XDED.DE and 0.25% for IS31.DE.
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