XS5E.DE vs. IBCK.DE
XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - XS5E.DE tracks the S&P 500 Index (EUR Hedged) while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 3 years, XS5E.DE returned 17.82%/yr vs 11.19%/yr for IBCK.DE. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XS5E.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XS5E.DE having a 7.75% return and IBCK.DE slightly lower at 7.43%.
XS5E.DE
- 1D
- 0.18%
- 1M
- -0.99%
- 6M
- 8.38%
- YTD
- 7.75%
- 1Y
- 17.67%
- 3Y*
- 17.82%
- 5Y*
- —
- 10Y*
- —
IBCK.DE
- 1D
- 0.32%
- 1M
- 2.18%
- 6M
- 8.69%
- YTD
- 7.43%
- 1Y
- 12.87%
- 3Y*
- 11.19%
- 5Y*
- 9.35%
- 10Y*
- 9.86%
XS5E.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) | 7.75% | 15.25% | 23.26% | 23.58% | -21.91% | 9.25% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 7.43% | -0.69% | 25.61% | 6.20% | -6.04% | 13.72% |
Correlation
The correlation between XS5E.DE and IBCK.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.64 |
The correlation between XS5E.DE and IBCK.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
XS5E.DE vs. IBCK.DE — Risk / Return Rank
XS5E.DE
IBCK.DE
XS5E.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.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.
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.
| XS5E.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.52 | -0.49 |
| Martin ratioReturn relative to average drawdown | 8.14 | 7.80 | +0.34 |
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Drawdowns
XS5E.DE vs. IBCK.DE - Drawdown Comparison
The maximum XS5E.DE drawdown since its inception was -26.08%, smaller than the maximum IBCK.DE drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for XS5E.DE and IBCK.DE.
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Drawdown Indicators
| XS5E.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.08% | -33.12% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -5.08% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.49% | -17.55% | -0.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.12% | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.20% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -6.52% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 1.65% | +0.52% |
Volatility
XS5E.DE vs. IBCK.DE - Volatility Comparison
Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) has a higher volatility of 4.03% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.28%. This indicates that XS5E.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
| XS5E.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 2.28% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.21% | 5.74% | +3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 8.75% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 12.37% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 13.97% | +2.27% |
XS5E.DE vs. IBCK.DE - Expense Ratio Comparison
Both XS5E.DE and IBCK.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XS5E.DE vs. IBCK.DE - Dividend Comparison
Neither XS5E.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
XS5E.DE and IBCK.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XS5E.DE and IBCK.DE have the same expense ratio: 0.20% per year.
XS5E.DE tracks S&P 500 Index (EUR Hedged), while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Xtrackers and iShares.
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