XDEE.DE vs. IS31.DE
XDEE.DE (Xtrackers S&P 500 Equal Weight UCITS ETF EUR Hedged (Acc)) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XDEE.DE tracks the S&P 500 Equal Weight Index (EUR Hedged) while IS31.DE tracks the S&P 500 Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 3 years, XDEE.DE returned 11.69%/yr vs 10.62%/yr for IS31.DE. Their correlation of 0.84 suggests significant overlap in exposure. XDEE.DE charges 0.30%/yr vs 0.25%/yr for IS31.DE.
Performance
XDEE.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEE.DE achieves a 10.42% return, which is significantly higher than IS31.DE's 3.24% return.
XDEE.DE
- 1D
- 0.08%
- 1M
- 2.61%
- 6M
- 11.12%
- YTD
- 10.42%
- 1Y
- 14.68%
- 3Y*
- 11.69%
- 5Y*
- —
- 10Y*
- —
IS31.DE
- 1D
- 0.09%
- 1M
- 0.37%
- 6M
- 4.54%
- YTD
- 3.24%
- 1Y
- 7.12%
- 3Y*
- 10.62%
- 5Y*
- 5.98%
- 10Y*
- —
XDEE.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDEE.DE Xtrackers S&P 500 Equal Weight UCITS ETF EUR Hedged (Acc) | 10.42% | 9.31% | 10.02% | 10.87% | -15.34% | 1.66% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 3.24% | 9.27% | 16.79% | 6.75% | -14.54% | 6.50% |
Correlation
The correlation between XDEE.DE and IS31.DE 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.84 |
The correlation between XDEE.DE and IS31.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
XDEE.DE vs. IS31.DE — Risk / Return Rank
XDEE.DE
IS31.DE
XDEE.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 EUR Hedged (Acc) (XDEE.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.
| XDEE.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.07 | +0.95 |
| Martin ratioReturn relative to average drawdown | 7.08 | 4.05 | +3.03 |
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Drawdowns
XDEE.DE vs. IS31.DE - Drawdown Comparison
The maximum XDEE.DE drawdown since its inception was -22.64%, smaller than the maximum IS31.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XDEE.DE and IS31.DE.
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Drawdown Indicators
| XDEE.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -33.66% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -6.64% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -12.56% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -4.85% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.75% | +0.32% |
Volatility
XDEE.DE vs. IS31.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF EUR Hedged (Acc) (XDEE.DE) has a higher volatility of 3.13% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.94%. This indicates that XDEE.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
| XDEE.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.94% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 6.51% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.92% | 8.76% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 12.78% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 14.38% | +1.85% |
XDEE.DE vs. IS31.DE - Expense Ratio Comparison
XDEE.DE has a 0.30% expense ratio, which is higher than IS31.DE's 0.25% expense ratio.
Dividends
XDEE.DE vs. IS31.DE - Dividend Comparison
Neither XDEE.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEE.DE and IS31.DE 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, IS31.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS31.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XDEE.DE.
XDEE.DE tracks S&P 500 Equal Weight Index (EUR Hedged), 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: 0.30% for XDEE.DE and 0.25% for IS31.DE.
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