XDEW.DE vs. IS31.DE
XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) and IS31.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - XDEW.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 5 years, XDEW.DE returned 9.45%/yr vs 5.66%/yr for IS31.DE. A 0.70 correlation means they provide meaningful diversification when combined. XDEW.DE charges 0.20%/yr vs 0.25%/yr for IS31.DE.
Performance
XDEW.DE vs. IS31.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEW.DE achieves a 14.15% return, which is significantly higher than IS31.DE's 2.57% return.
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
IS31.DE
- 1D
- -0.55%
- 1M
- -0.28%
- 6M
- 3.07%
- YTD
- 2.57%
- 1Y
- 8.36%
- 3Y*
- 10.43%
- 5Y*
- 5.66%
- 10Y*
- —
XDEW.DE vs. IS31.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | -0.66% |
IS31.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.57% | 9.27% | 16.79% | 6.75% | -14.54% | 23.93% | 5.67% | 27.41% | -8.01% | 10.34% |
Correlation
The correlation between XDEW.DE and IS31.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2017 | 0.70 |
The correlation between XDEW.DE and IS31.DE shifts across timeframes, from 0.64 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDEW.DE vs. IS31.DE — Risk / Return Rank
XDEW.DE
IS31.DE
XDEW.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 1C (XDEW.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.
| XDEW.DE | IS31.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 1.25 | +2.68 |
| Martin ratioReturn relative to average drawdown | 12.11 | 4.77 | +7.34 |
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Drawdowns
XDEW.DE vs. IS31.DE - Drawdown Comparison
The maximum XDEW.DE drawdown since its inception was -38.79%, which is greater than IS31.DE's maximum drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for XDEW.DE and IS31.DE.
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Drawdown Indicators
| XDEW.DE | IS31.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.79% | -33.66% | -5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -6.64% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -12.56% | -10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -20.75% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.79% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.01% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -4.83% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.75% | -0.10% |
Volatility
XDEW.DE vs. IS31.DE - Volatility Comparison
Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) has a higher volatility of 2.73% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF EUR Hedged (Acc) (IS31.DE) at 2.40%. This indicates that XDEW.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
| XDEW.DE | IS31.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 2.40% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 6.55% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.64% | 8.70% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 12.78% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 14.36% | +2.44% |
XDEW.DE vs. IS31.DE - Expense Ratio Comparison
XDEW.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
XDEW.DE vs. IS31.DE - Dividend Comparison
Neither XDEW.DE nor IS31.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEW.DE and IS31.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for IS31.DE.
XDEW.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 XDEW.DE and 0.25% for IS31.DE.
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